Traders upped their bets for a Reserve Bank rate hike in March to a one-in-three chance after the central bank’s governor said the meeting would be “live”. While Michele Bullock was careful not to signpost the RBA’s decision on March 17, her comments disabused any doves...
Higher spending on defence, data centres and Black Friday sales has helped the economy grow at its fastest pace in almost three years, boosting living standards but raising fears of more interest rate hikes. Gross domestic product expanded 0.8 per cent in the December quarter, above...
The bosses of Australia’s largest companies have urged Treasurer Jim Chalmers to take a bold agenda to the May budget to salvage the country’s faltering international competitiveness. Speaking at the Australian Financial Review Business Summit, Commonwealth Bank chief executive Matt Comyn urged business leaders, economists and...
Progress to close the gender pay gap appears slow and steady, but some of Australia’s biggest employers are being called on to take more action to improve equality in the workplace. Almost 5.9 million workers now have access to their company’s latest pay gap information after...
Young people see the housing market as being stacked against them, Australia’s housing minister says, as the Greens call for drastic changes to property tax concessions. Clare O’Neil continues to play a straight bat to suggestions the government is considering scaling back the capital gains discount...
More of the retirement savings of 14 million Australians will be invested in Canada under a landmark initiative signed in front of their visiting prime minister. Mark Carney kicked off his four-day Australian tour at an event in Sydney where the two nations’ super-sized pension funds...