Morgan Stanley shows house prices will continue to tumble
House prices in Australia have now been falling for nine consecutive months, and Morgan Stanley recently said that its modeling shows this trend set to continue. The US investment bank has based its estimation on its predictive housing model, known as MSHAUS. The downturn follows a strong upward cycle late in 2016. The Australian housing…
Skilled job vacancies hit 6½-year highs
Skilled job vacancies hit 6½-year highs Skilled job vacancies Skilled vacancies: The Internet Vacancy Index rose by 0.7 per cent in trend terms to 9-month highs in December. It was the third straight gain in the trend index. The index is 1.4 per cent higher than a year ago and 31.4 per cent above its…
Tesla CEO Elon Musk reveals “difficult and painful year”
Tesla CEO and tech magnate Elon Musk continued to occupy the spotlight by giving an in-depth interview with the New York Times on Thursday, discussing what he labeled the “most difficult and painful year in my career”. The markets are watching Tesla intently amid rumors of the publicly listed company going private. With Tesla’s ambitious…
IMF warns of global economic “storm” as growth undershoots
The International Monetary Fund on Sunday warned governments to gear up for a possible economic storm as growth undershoots expectations. ‘The bottom-line – we see an economy that is growing more slowly than we had anticipated,’ IMF Managing Director Christine Lagarde told the World Government Summit in Dubai.Last month, the IMF lowered its global economic…
Eurozone delays Greece debt relief over reforms
Eurozone ministers on Monday held back granting Greece debt relief because the government failed to implement reforms promised during the massive bailout that ended last year, officials said. Greece exited its third and final international bailout in August, a turning point in its progress out of the catastrophe that engulfed the country during the financial crisis.The…
G8 shares slide on profit disappointment
G8 Education shares have slid over 14 per cent after Australia’s largest childcare and early education provider reported full-year profit fell 11 per cent to $71.8 million. The company said childcare centres it had acquired in acquisitions in past years had performed below expectations but it was taking steps to turn them around. G8 said…
OECD calls on Australia to sort out energy sector
Successive Australian governments have failed to sort out any kind of consensus on national energy policy, and although it may have caused consternation and embarrassment for some at home, it had yet to reflect outwardly quite so noticeably. However, as the world markets become more aware of the threat of climate change and the potential…
From Guterres to warning Ghosn
Here are some of the top quotes from the World Economic Forum (WEF) in Davos on Thursday, where the business elite faced yet more accusations of inaction on climate change. ‘Climate change is running faster than we are. I believe we are losing the race.’ – UN chief Antonio Guterres sounds the alarm on global warming…
Professor to investigate NSW fish deaths
A mass fish kill in NSW will be examined by a water and climate expert, as part of the federal government’s efforts to understand the ecological disaster. Water Minister David Littleproud launched the review on Tuesday, with the probe to look at why the fish died and how future deaths can be avoided within the…
Coca-Cola signs Pizza Hut to Aussie empire
After securing the business of Hungry Jack’s, Red Rooster, and Oporto, Coca-Cola Amatil has signed Pizza Hut to a five-year beverage supply deal for its 285 Australian restaurants. The deal comes about 18 months after the beverage giant lost its Domino’s Pizza contract to rival Pepsi-Schweppes. Coca-Cola announced on Thursday it would be Pizza Hut’s…
