Jeff Macke analyzes the morning business headlines.
US President Donald Trump is set to release a tax plan that proposes to sharply slash business taxes and steeply discount the rate on corporate profits brought back into the United States, officials say. Treasury Secretary Steve Mnuchin, who is leading the Trump administration's effort to craft
Export restrictions will be placed on gas companies as the Turnbull government further tightens the screws on industry chiefs to guarantee domestic supply. The prime minister said a domestic gas shortage had triggered a dramatic cost hike, and it was time prices in Australia "fairly reflect international
The German government is raising slightly its growth forecast this year for the country's economy, Europe's biggest, to 1.5 per cent. It is predicting that the economy will expand by 1.6 per cent in 2018. The government had forecast in January that gross domestic product would grow by 1.4 per
Twitter is reporting a loss of $US61.6 million ($A82.1 million) in its first quarter. The San Francisco company said it had a loss of nine cents per share. Wednesday's results beat Wall Street expectations.
Mexico can impose annual trade sanctions worth $US163.23 million ($A216.52 million) against the United States after winning a dispute over trade in tuna fish, a World Trade Organization arbitrator has ...
Alitalia will be sold to the highest bidder and Germany's Lufthansa is welcome to make an offer for it, Transport Minister Graziano Delrio says, ruling out a government bailout for Italy's near-bankrupt airline. Alitalia is in deep trouble since employees rejected in a referendum that ended
World stocks have hit a record high after strong earnings and the prospect of tax cuts for corporate America pushed US shares to stratospheric levels and the euro held on to recent gains as political concerns in France ebbed. European shares on Wednesday pulled back slightly from 20-month highs as some
Alitalia will start insolvency proceedings after workers rejected its latest rescue plan, making it impossible for the loss-making Italian airline to secure funds to keep its aircraft in the air. Workers on Monday rejected a plan to cut jobs and salaries, betting the government will be asked to call
Ardent Leisure chief executive Deborah Thomas is stepping down in a surprise move that ends her tenure of transformation, six months on from the tragedy that claimed four lives at the company's Dreamworld theme park. An announcement from Ardent on Wednesday said Ms Thomas had initiated the change
Asian stocks extended gains for a fifth straight day on Wednesday as Wall Street hit new peaks while the euro consolidated recent gains as immediate concerns of political uncertainty in the euro zone receded. A strong finish to US markets was the main driver. Fanning the market's rally were reports
Mexico's foreign relations secretary says US President Donald Trump's plan to build a border wall is an "unfriendly, hostile" act. Foreign Secretary Luis Videgaray said on Tuesday he doesn't think such a wall will accomplish anything, calling it "a bad idea". Mexico
A destructive plant pest found for the first time in Australia in February cannot be eradicated, so the industry will seek to manage it, rather than destroy it. The Department of Food and Agriculture WA said on Tuesday it would work on a plan to control the tomato potato psyllid, which attacks a range
West Australian Premier Mark McGowan says he doesn't believe former treasurer Mike Nahan's claim he was misinformed about lead contamination at the new Perth children's hospital. A WA Building Commission report released on Monday revealed the likely sources included a now-disconnected "
West Australian Premier Mark McGowan has shut down talk of a gas pipeline to the east coast, saying any agreement by him to the plan would be contingent on the federal government improving the state's share of GST revenue. Prime Minister Malcolm Turnbull and Energy Minister Josh Frydenberg said
Do you imagine a mortgage-free retirement? Decades ago, many Australians left the workforce secure in the knowledge that they owned their own homes. "These trends, if continued - and there is little to suggest that they won't be - suggest an increasing proportion of Australians will reach
The share market has closed higher for a fourth straight session, while the Australian dollar has fallen due to weaker-than-expected inflation numbers. The market's benchmark S&P/ASX200 index gained 0.7 ...
Shares in the a2 Milk company have jumped more than seven per cent to record highs as the company achieves stronger-than-expected infant formula sales in China and Australia. In February, a2 Milk said its sales in the second half of the financial year would be lower than in the first half, because major
KEY POINTS IN DEBORAH THOMAS' TIME AT ARDENT LEISURE: 2013 - The Former editor of Cleo and The Australian Women's Weekly is appointed to the theme park owner's board March 2015 - Sudden resignation of ...
The share market has closed higher for a fourth straight session, while the Australian dollar has fallen due to weaker-than-expected inflation numbers. The market's benchmark S&P/ASX200 index gained 0.7 per cent as investors caught up with recent gains on Wall Street. The Australian dollar dropped
Stocks to watch on the Australian stock exchange: AAD - ARDENT LEISURE - up 3 cents, or 0.7 per cent, at $4.24 The company's chief executive, Deborah Thomas, is stepping down to oversee the recovery at ...
Ensuring peace in the Asia-Pacific should be top of the agenda for Malcolm Turnbull's first face-to-face meeting with Donald Trump, former prime ministers say. Mr Turnbull will meet with Mr Trump in New York on May 4 on USS Intrepid, a decommissioned World War II aircraft carrier, as it hosts commemorations
The next stage of Sydney's Barangaroo development has been unveiled, with a one-hectare public park, waterfront walkway and new harbour cove set to be the key features. The proposal for the two hectares of public space - created by the architects behind Singapore's well-known Gardens by the
US president Donald Trump is set to sign several executive orders on energy and the environment which will make it easier for the United States to develop energy on and offshore, according to a White House official. "This builds on previous executive actions that have cleared the way for job-creating
As a key ratings agency warns housing affordability will get worse, the country's peak welfare group is calling for bold action from the prime minister to tackle the problem. The Property Council has also weighed in ahead of the May 9 federal budget, warning the coalition against tampering with
Civmec has begun constructing Australia's biggest undercover shipbuilding facility in Perth's south, confident it will have enough work even before Offshore Patrol Vessel contracts are awarded later this year. The company has removed the first load of soil from a site next to its already massive