Tag Archives: Australian

The last domino propping up the Australian economy could be poised to fall

I’d like to feel comfortable. I really would. But something keeps worrying me. It’s this next graph, which shows the number of job advertisements in Australia. Jobs data shows a worrying trend. Picture: SuppliedSource:Supplied This graphic comes from ANZ Bank. It has been tracking the number of job advertisements for years. By doing so they hope to see the future ... Read More »

HK tycoon makes $5.4bn offer for Australian energy firm

Cheung Kong Infrastructure (CKI) has made an unsolicited offer to acquire Australian energy firm Duet Group for $5.4bn (£4.2bn). CKI is a Hong Kong-based conglomerate, owned by billionaire Li Ka-shing. The offer represents a 28% premium on Duet’s share price, when last traded on Friday. Any formal bid by CKI would be subject to approval from Australia’s Foreign Investment Board ... Read More »

Australian banks report lowest profitability since 2009

Australia’s banks are the least profitable they have been since the global financial crisis, with ratings agency Moody’s warning things will get worse later this year. In its summary of the big four banks’ latest profit results, analysts from UBS said adjusted return-on-equity (ROE), a key measure of profitability, was 14.9 per cent. That’s down from 15.7 per cent last ... Read More »

Australian economy faring well against tough global conditions

A key economic report has praised Australia’s performance, given the ongoing slowdown in China and the overall state of the global economy. Deloitte Access Economics’ latest Business Outlook stated that, while short-term growth in Australia would likely be modest, the economy was managing to weather most challenges. Deloitte Access Economics partner Chris Richardson said Australia has kept growing, despite a ... Read More »