Michael Janda
Australia’s $1.9 billion trade surplus disappoints
Australia has recorded a lower than expected trade surplus, below $2 billion, with the previous month’s result also downwardly revised. Bureau of...
Former Leighton executive guilty on false books
The former chief financial officer of construction giant Leighton Holdings, Peter Gregg, has been found guilty of falsifying the company’s accounts. Mr...
Reserve Bank leaves interest rates on hold at 1.5 per cent
The word “gradual” is dominating the Reserve Bank’s thinking, appearing four times in a short statement accompanying its latest decision to leave...
Westpac hit with $35m financial settlement in irresponsible home loan case
Westpac has reached a settlement with the corporate regulator over more than 10,000 home loans that breached responsible lending laws. The bank...
Melbourne leads worsening national home price downturn
Australia’s housing downturn is getting worse, with the more expensive end of the market in Melbourne and Sydney leading the declines. CoreLogic’s...
Qantas posts record profit despite rising fuel costs
Qantas has recorded a 15 per cent increase in annual profit due to strong demand for travel and an easing of capacity...
Victoria displaces NSW as nation’s strongest economy, with WA still lagging
Victoria has eased ahead of New South Wales to the No.1 spot in CommSec’s State of the States economic rankings, while Western Australia...
Rental vacancies in Sydney hit record high, rents likely to keep slipping
Sydney renters have the greatest choice in at least 13 years, with vacancy rates at the highest level on records that go...
James Packer resigns from Consolidated Press Holdings board
Billionaire businessman James Packer has resigned from the board of his own family company, Consolidated Press Holdings (CPH), as he continues a...
Mortgage arrears stable but set to rise as house prices fall
There are six suburbs where the delinquency rate on mortgages is zero – that is, no one is behind on their home...