Michael Janda
Budget spending cuts likely once COVID recovery complete, Treasury secretary admits
Big budget cuts are likely once the economy has fully recovered from COVID-19, with the Treasury secretary revealing an 8 per cent cut...
Star launches Crown casino merger bid, in attempt to create $12 billion gambling giant
Casino operator The Star Entertainment Group has submitted a merger proposal to main rival Crown Resorts. The non-binding proposal offers 2.68 The...
Petrol prices are on the rise, but don’t blame the new Suez crisis
The blockage of the Suez Canal by a grounded container ship may disrupt world trade, but is unlikely to push fuel prices...
Reserve Bank leaves interest rates at historic low
The Reserve Bank has left interest rates unchanged at a record low 0.1 per cent, maintaining its commitment to supporting the economy...
Qantas posts $1 billion six-month loss
Qantas has posted a $1.08 billion half-year loss, following a dramatic $6.9 billion plunge in revenue due to continued travel restrictions. The...
Comm Bank profit plunges after virus recession, low interest rates hit margins
The Commonwealth Bank of Australia has recorded a 21 per cent drop in its net profit amid the nation’s first recession in...
House prices bounce in September, except for continued falls in Melbourne and Sydney
House prices have fallen nationally over September, but rose everywhere except the two big markets of Melbourne and Sydney. CoreLogic’s national home...
AMP chair, director resign amid shareholder revolt over handling of sexual harassment allegations
AMP chairman David Murray has resigned, effective immediately, as has AMP director, and former treasury secretary, John Fraser. The financial services company...
‘Bumpy path ahead’: Virus containment key to economic recovery, says Reserve Bank governor
The Reserve Bank governor says Australia’s economy has passed its low point but faces a “bumpy path ahead”, with the federal government...
House price slide accelerates as coronavirus uncertainty continues
The coronavirus-induced slide in Australian housing values accelerated in June, as more sellers put their homes on the market. CoreLogic’s monthly home...