Stocks to watch on the Australian stock exchange today.
A Turnbull government minister has thrown down the gauntlet to Australia's businesses, challenging them to use a reduction in Sunday penalty rates to create more jobs. The government is under pressure from Labor to overturn a decision by the Fair Work Commission to align the Sunday penalty rate with Saturday for about 700,000 workers in the hospitality, retail, fast food and pharmacy sectors. Assistant vocational education and skills minister Karen Andrews told Sky News on Wednesday it was up to business, which argued a cut in penalty rates would lead to more jobs, to follow through. More »
Some of Sydney’s blue chip suburbs are on a banking blacklist for home loans, with mortgage defaults at a three-year high. Bryan Seymour reports. More »
Inner districts of Sydney drove almost a quarter of Australia’s expansion last fiscal year, underscoring the city’s pre-eminent position in the nation’s economy. More »
A roundup of trading on major world markets.