Stephen Letts
Staring down doom and gloom, global markets reap the best start to a year since 2009
If global markets were priced off headlines, they’d be deeply in the red as the first half of 2019 came to an...
Weak economy but strong jobs growth baffles RBA
Are you struggling to understand what’s going on in the Australian economy? Don’t worry, you’re in the same boat as some the...
Snowy 2.0 cost blows out to $5.1 billion and will take an extra year to build
The federal government’s Snowy 2.0 project faces a significant cost blowout and delay from the original estimate detailed in a feasibility study...
Australian business confidence falls again
Australia’s economic slowdown is likely to be become more entrenched with business conditions and confidence falling further last month. The highly-respected NAB...
Construction work stalls as residential sector reverses
Australia’s construction sector has not only hit the brakes, it has moved sharply into reverse according to the latest data from the...
Qantas loses altitude, weighed down by fuel costs
Qantas has seen its first-half profit lose altitude, weighed down by heavier fuel costs. Net profit for the six months to December...
NAB boss Thorburn picks up $1m on his way out
Former NAB chief executive Andrew Thorburn will receive a $1 million payout for his early departure from the bank, but will miss...
Coles supermarket sales growth slows
Sales growth at Coles supermarkets slowed at the end of last year, in what the company has called a “challenging retail environment”....
Commonwealth Bank half-year profit drops as cost of misconduct bites
The Commonwealth Bank has reported a 6 per cent fall in its net profit, hit by the costs associated with fixing historic...
RBA says $12.5 billion of cash is in criminal hands
Australia has $76 billion in banknotes outstanding somewhere in the economy and detective work from the Reserve Bank has found up to...