Global News

ECB's Draghi signals departure from austerity focus

Central bank president maintains 'more stimulus if needed' stance.

Euro zone business growth slows

Weakening factory output slows in August for major economies France and Germany.

Palmer hurting China FTA talks: Robb

Trade Minister says PUP leader's comments "unhelpful" to ongoing negotiations.

Argentina slams US judge

South American nation leans on US congress for green light to pay Buenos Aires creditors.

US jobs market improving: Yellen

Federal Reserve Chair non-committal about policy impact.

HSBC chief against Scottish independence

by AAP
Flint says union Scotland's 'anchor', exit could trigger capital flight.

Picks of the week

In this week's essential reading guide, Kohler assesses the impact of the digital revolution, Bartholomeusz delves into the details of BHP's demerger, and Gottliebsen talks to the one minister who has a vision for Australia.

The Week Ahead

Capital expenditure figures for the June quarter will be closely watched, while profit-reporting season moves into the home straight, with earnings expected from Bluescope Steel, Lend Lease and Qantas.

The uneven global recovery has central bankers stumped

Central bankers gathering in Jackson Hole are faced with a disappointing performance from the global economy, making it more difficult to turn off the money tap. Where can they go from here?

Businesses don't understand FTAs, so how will they deal with the TPP?

The government is keen to negotiate free trade agreements to bolster economic activity, but new research shows it has its work cut out to educate the market on their various benefits.

US home sales rise for fourth month

by AP
After a rough start to the year, US housing market recovery shows signs of picking up.

UK govt posts surprise deficit for July

Small deficit comes despite typically strong month for tax receipts.

US jobless claims fall to 298,000

Labor Department figures show claims lower than expected.

UK retail growth disappoints in July

Sales slow to weakest annual rate since November last year.

Eurozone business growth slows more than expected

Weakening factory output in Germany, France weighs on August print.

There's only one cure for the eurozone's terminal disease

Anaemic growth rates in the eurozone are having a deleterious effect on debt levels, making it near impossible for countries to turn their finances around. There is a solution, but it's a politically messy one.

BofA reaches $US17bn settlement

by AP
Bank of America agrees to pay $US17bn to resolve mortgage-backed securities probe.

US rate hike debate heating up

Minutes of latest Fed meeting show intensifying debate over timing of rate hikes.

Hollande sticks to growth plan

French govt will continue on current path despite lack of growth this year.

UK manufacturers tip strong growth in Q3

Survey shows 42 per cent expect output to lift, only 11 per cent eye a fall.