Michael West: A bag of shorts
Australian super funds are making around $900,000 a day from lending their shares to short sellers and other stock borrowers. Qantas to raise airfares
Qantas will raise domestic and international airfares to offset the soaring cost of jet fuel.
ASX: Stocks up on bank gainsThe Australian sharemarket was trading higher at noon, following a gain in US stocks on Friday and led by the financial sector.Aussie dollar near 2-month highThe Australian dollar trades near a two-month high against the yen as rising commodity prices spur investors to buy higher-yielding assets financed in Japan.Japanese lose yen for US treasuriesAdd another ailment to the US misery index of soaring gasoline and wheat costs and falling home values: a federal deficit that is burgeoning as foreign investors led by the Japanese recoil from the slumping US dollar.
Ross Gittins: There's more to economic life than tax reform
Wondering why our economic performance isn't better? Look what happened when 100 of our best business types got together. John Garnaut: A new breed: the man from Sinosteel
Huang Tianwen, the president of Sinosteel, hoed fields and did odd jobs to earn merit points for his family during the Cultural Revolution.
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