Bunnings and Kmart owner Wesfarmers has lobbed a $687 million take over offer for Priceline owner Australian Pharmaceutical Industries. The deal, announced on Monday morning, could mean Australia’s largest retail conglomerate created an entirely new…
Australians have lost $139 million to scammers in the first half of 2021, according to the Australian Competition and Consumer Commission. More than $31 million was swindled in June alone, the highest amount per month…
President Joe Biden’s approach to China, together with the pandemic, are bringing to a close 40 years of Reaganism, and not just in the United States. Ronald Reagan’s call in his 1981 inaugural address that…
After a week of expressing the need to get back to full employment, Reserve Bank governor Philip Lowe will soon see how Australia is progressing on that target. June labour force figures are released on…
Finance chiefs of the Group of 20 large economies have endorsed a landmark move to stop multinationals shifting profits to low-tax havens. They also acknowledged the need to ensure fair access to vaccines in poorer…
Solomon Lew appears to be playing one of his renowned long, high pressure games with department store chain Myer after building his stake from 10 per cent to 15.77 per cent in recent days and…
Retail tycoon Solomon Lew is lining up a Myer leadership coup and will call a shareholder meeting to try and topple the company’s board members. Major shareholder Premier Investments, of which Mr Lew is chairman,…
Australians who raided their superannuation during COVID-19 are now thousands of dollars worse off after missing the biggest stockmarket rally in a generation, industry fund bosses have declared. More than $36.4 billion in superannuation savings…
Business owners have slammed the New South Wales government for exposing them to an extended lockdown by failing to properly enforce the state’s COVID restrictions. They said residents have put others at risk by going…
Borrowers might not like it, but Reserve Bank governor Philip Lowe wants to get the official cash rate back to normal as soon as possible in order to tackle the next inevitable downturn. The RBA…