Australia's economic outlook highlights risks, a dash of politics doesn’t help
The business community had stratospherically high expectations for the Turnbull Government, but the hype has failed to materialise into positive action.
Bar owners and bartenders have their say on Sydney’s lockout laws as QLD Parliament set to pass similar bans
Matt Barrie’s viral essay on LinkedIn and NSW Premier Mike Baird’s Facebook post awakened the debate on Sydney’s lockout laws. IBTimes Australia speaks to some Sydney bar owners and bartenders about the contentious bans.
China's anti-corruption campaign: Corruption charges fail to faze Chinese investors
The Chinese market did not seem bothered about corruption allegations, which would have sent the values of affiliated firms in western economies south.
China and Australia trade: Six Chinese sectors that present opportunities for Australian companies and producers
As China’s economy expands and shifts from manufacturing to more consumption and services-based industries, Australian firms have the opportunity to tap into its 1.3b large market.
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PM takes control: Turnbull points to problems in raising GST
Prime Minister Malcolm Turnbull questioned whether the benefits of increasing the GST would be worth the difficulties of doing so.
ChemChina takes over Switzerland’s Syngenta for US$43bn - biggest deal in China’s history
China National Chemical Corporation is pursuing a US$43 billion (AU$61bn) takeover of a major Swiss agricultural firm, Syngenta, marking the largest acquisition ever made by a Chinese company.
Australians set to spend more as credit card, personal loan applications rise 9.7%
Australians are swapping mortgage forms for credit card and personal loan applications, with consumer credit demand rising 9.7 percent in the December quarter of 2015, as compared to the same period in 2014.
Don't be complacent about Australia's top credit rating: Treasury secretary John Fraser
Australia should not be complacent about maintaining its top credit rating, which depends on achieving budget repair and a more diverse economy, Treasury secretary John Fraser has said.
China's 6.9% GDP growth rate is not the hard landing feared – and Australia can benefit
After a rocky few weeks for Australian financial markets, China’s latest economic data release should come as a relief.
Davos 2016 meeting: Technological change reshaping planet; richest 1% holds more wealth than rest 99%
It’s a world in conflict where people are unsure of the future as income disparity rises and world leaders are discussing key issues at the Davos meeting 2016.
'Millions' lost in tourism revenue after bushfire in Victoria
Some of the towns affected by the bushfires in Victoria remain closed and the exact economic damage of the incident is still being calculated.
Queensland Premier Annastacia Palaszczuk says reducing Sunday penalty rates would be 'unfair'
Annastacia Palaszczuk said she would wait for the government to reach a decision on the suggested Sunday penalty rates changes.
Shorten promises zero emissions climate change policy for Australia under Labor government
Speaking at the Lowy Institute, Bill Shorten criticised PM Malcolm Turnbull for sticking with Tony Abbott’s climate policy ahead of the United Nations Climate Summit in Paris.
Iron ore value keeps dropping, industry giants likely to collapse: analysis
The dropping value of iron ore is likely to impact producers that sell their products at higher rates.
The Trans-Pacific Partnership poses a grave threat to sustainable development
Matthew Rimmer, Professor at QUT, argues that the TPP could undermine the UN’s efforts to promote sustainable development and equality throughout the Pacific region.
Online loan scams on the rise in Australia
Online scammers continue to mislead Australians into applying for fake loans by pretending to be legitimate Australian loan lenders.
Driverless cars will change the way we think of car ownership
Studies have speculated that premiums for driverless cars could be reduced by 75%, especially if liability is shifted from drivers to manufacturers and technology companies.
Donald Trump delights on Biden's leave from presidential run, shares thoughts on his rising popularity
Donald Trump wants to go against Hillary Clinton and dishes on his race and competitors.
Australia’s housing boom is over, says Domain report, as Sydney posts sluggish quarterly growth rate
The fading boom can be good news for home buyers as prices become more 'realistic'.
Australia’s mining boom not yet over, uranium to revive the golden days, says report
The expansion of nuclear power is creating the opportunity for Australia to become the world's top uranium supplier, says a new Minerals Council report.
Experts discuss impact of reducing prices on future investment in oil sector
OPEC and non-OPEC members met in a meeting at its Vienna headquarters to discuss the risks associated with lowering oil costs.
Testing Telstra’s dominance in Southeast Asian market
Australia's biggest telco is planning an overseas expansion plan, starting with Asia.
House price growth rate falls to lowest since 2012
The Australian property market prices will soon ease off, predicts SQM Research in its Housing Boom and Bust report.
China experiences lowest economic growth since GFC
China’s economic growth slides below 7 percent, leaving senior economists worried.
Turnbull government backs bulk of Murray Financial System Inquiry recommendations
Major Murray Report changes include the regulation of credit card surcharges, strengthening of banks’ capital reserves, and freedom for workers to choose their own superannuation fund
Costco to upset Coles-Woolworths supermarket price war with cheap grocery, fuel prices
Retail giants Woolworths and Coles may face strong competition from Costco, whose low-price strategy and broad range of products are driving more competition in Australia's supermarket and fuel industry.
Selling off SA Water necessary to stabilise Australian economy: Civil Contractors Federation
The proposal to sell SA Water has been put forward to ensure a stable economy in Australia.
Qantas fares to increase up to 6% by the end of 2015
Following a record of high profitabilty, Qantas Airways has increased the fares of its international flights.
Housing risks can be contained, says RBA
Heightened investor's activity has resulted in the housing price surge and increased the risk of significant price falls later.
RCEP trade talks in Korea gaining global attention as the emerging Asian equivalent of US-led TPP
The focus of RCEP will be deeper economic cooperation, trade and investment.
Greg Hunt approves Adani’s Carmichael coal mine, again: experts respond
Minister Hunt’s re-approval of the Carmichael mine is not surprising, given the government’s record for supporting mining and resources projects in Australia, said one expert.
Australia's unemployment rate remains unchanged
The unemployment rate in Australia remained steady in September, in spite of the diminishing number of jobs in the month.
DFAT Security to strengthen commitment towards indigenous businesses
The Department of Foreign Affairs and Trade signed a contract with Fields Group that will benefit indigenous businesses.
Telstra gets extension approval to comply with data retention laws
A survey by Communications Alliance reveals that most telecommunication companies aren't compliant with Australia's new data retention laws yet.
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