Markets

The nation’s stagnating productivity issue is set to create more problems for the economy and Treasurer Jim Chalmers in the not too distant future.

Why can’t Australia solve its great productivity puzzle

It was the word on every CEOs lips at the country’s largest investor event, so why can’t Australia work it out?

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Domain said on Friday it had now entered into a binding scheme implementation deed and is urging shareholders to back the deal. 

CoStar seals $3b deal for Nine’s Domain

Australian property listings platform Domain has sealed a $3 billion deal with CoStar after the US suitor sweetened its offer to get its hands on the Nine Entertainment-controlled group.

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Business experts have warned Jim Chalmers new tax on unrealised gains in super could have massive ramifications for investment strategy in Australia.

‘Just strange’: Chalmers’ super tax strategy slammed

Jim Chalmers’ Division 296 policy received relatively little attention during the election campaign. But finance experts are warning that it could upend Australia’s investment landscape.

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Qantas CEO Vanessa Hudson in conversation at the Macquarie Australia Conference in Sydney.

Toasties and Thailand: Qantas boss says customers want value

Qantas’ budget airline Jetstar is making the most of the humble toastie as CEO Vanessa Hudson says customers still have cash to travel but to bang-for-buck destinations Vietnam, Bali, Thailand and Japan.

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Accent Group announced last month it would launch British sporting goods giant Sports Direct Down Under.

Sports Direct’s entry Down Under to come at expense of Rebel

British sporting goods giant Sports Direct’s entry into Australia is set to disrupt the nation’s $5 billion fitness retail market and will come at the expense of incumbent Rebel Sport.

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CEO of National Australia Bank Andrew Irvine.

NAB shares bounce on better than expected profit

NAB has reassured nervous banking investors with a small increase in first-half profit to $3.58 billion, boosted by better home and business lending despite the unsettling global trade tensions.

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Temple & Webster chief executive Mark Coulter.

Temple & Webster says US-China trade war ‘net positive’

Temple & Webster says the trade standoff between the Trump administration and China has been a ‘net positive’ for the online furniture retailer as it posts a jump in revenue.

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Wesfarmers chief Rob Scott said the economy would not continue to grow unless business grows.

Wesfarmers, Macquarie urge Albo to let business lead growth

Two top Australian CEOs are calling on the newly-elected Albanese Government not to let the Lucky Country get complacent, and use its huge mandate to do more for the economy beyond stimulus and handouts.

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Seven West Media chief executive Jeff Howard.

SWM extends 7 reach with $3.8m purchase of rural TV licences

Channel 7 and its suite of digital television offerings will extend their reach to almost the nation’s entire population after it snapped up television licences across a vast swathe of regional Australia.

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The group generates 20 per cent of revenue from the US and 90 per cent of its products are made in China.

City Chic flags US exit option amid tariff upheaval

City Chic says it has the option to pull the plug on its US stores if talks between the Trump administration and Beijing fail to resolve a standoff that has slapped a 145 per tariff on Chinese imports. 

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Warren Buffett is stepping down as CEO of Berkshire Hathaway.

Warren Buffett creates a $540b question for his successor

Berkshire Hathaway’s next CEO has huge shoes to fill — and a mountain of cash to invest.

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Michele ‘Wonder Woman’ Bullock is likely to announce an interest rate cut, in a welcome sign for homeowners.

Improved inflation data good news but the pain is not over

Headline inflation has finally fallen into the Reserve Bank’s target range for a rate cut, despite new data showing that the cost-of-living crisis is set to continue into the next decade.

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Wall Street investors are monitoring earnings results for how tariffs may effect corporate outlooks. (AP PHOTO)

Wall Street gains as earnings, data, and tariffs are gauged

Quarterly results reveal that United States stocks have closed higher as investors monitored developments in the trade relationship between the United States and China.

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Former Virgin Airlines boss Jayne Hrdlicka has landed the top job at Endeavour.

Former Virgin boss lands top job at booze empire Endeavour

Former Virgin Airlines boss Jayne Hrdlicka has landed a new job at flagging Dan Murphy’s and BWS owner Endeavour Group.

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Donald Trump’s drive to recreate US manufacturing’s halcyon days ignores a number of the global economy’s current realities.

The trouble with MAGA’s manufacturing dream

Donald Trump underestimates the difficulty of producing in America - and how his own policies will make it harder.

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