China has introduced new currency and investment controls after foreign exchange reserves hit the lowest level since 2011. This could have a profound impact on our trading relationship.
Superannuation’s influence on the Australian financial sector mostly balances out.
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As domestic construction slows, Chinese property developers are starting to look overseas. The potential impacts are diverse, from property prices right through to regional diplomacy.
Cutting corners can be a sign of Machiavellianism.
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The new president of the Business Council of Australia Grant King will need to change his message on company tax and other issues to really remain relevant.
New government procurement rules negotiated into the ABCC bill by Nick Xenophon are set to favour local Australian steel producers over their Chinese rivals.
Qilai Shen/EPA
Despite worries about a new Asian Financial Crisis, much has changed since the last one in 1997. Even if a crisis were to materialise, it would look quite different from that of two decades ago.
Water markets are essential for many farmers to keep their crops alive.
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The market for water entitlements is worth tens of billions, encouraging investors to raise funds and get involved. But the data shows they aren’t having a big impact on prices.
Any cyclical upturn in residential construction looks to have come to an end.
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US GDP data points to a US rate rise in December, and Australia’s housing affordability problem won’t be helped by current declining building approvals.
It may be a little too early to tell if certain aspects of the so-called Google Tax will be tough in practise.
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There are still a few real-world tests the Diverted Profits Tax or “Google Tax” will have to face before the government can claim it’s among the toughest in the world.
David Leyonhjelm negotiated for the numbers in the budget to be reported in per capita terms.
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Business Briefing: Former chief World Bank economist on inequality and doing away with big money
The Conversation22.3 MB(download)
A former chief economist to the World Bank and economic adviser to the Indian government says doing away with big currency notes is a noble idea but an ineffective tool.
Markets are useful to a certain point.
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The banks could have used their collective bargaining power not only against Apple for Apple Pay but also stall the adoption of mobile payments in Australia.
Many Australian farmers rely on backpackers to meet their labour needs at harvest time.
Francois Lenoir/Reuters
The controversy over changes to the backpacker tax shows the inadequacy of relying on backpackers as the primary labour source for a vital industry.
The government has changed the rules so that another foreign investor can replace one who has pulled out of buying an off-the-plan dwelling.
Mick Tsikas/AAP
The government says its changes to foreign investment will increase housing supply and make it more affordable, but that’s relying on narrow and possibly incorrect assumptions about investors.