Latest Economy & Markets Stories

Westpac and its super arm BT gouge $8 billion from unsuspecting public

Westpac and its super arm BT gouge $8 billion from unsuspecting public

The super funds run by banks and financial institutions – many of them major Coalition donors – have been fleecing the public’s super on an industrial scale for at least a decade. This is the story Westpac and News Corp Australia didn’t want you to see in mid-2018 – even in the middle of a royal commission into banking illegality. Investigative reporter Anthony Klan reports.

Coal Deal in Distress: desperate Dalrymple’s dodgy debt dump

Coal Deal in Distress: desperate Dalrymple’s dodgy debt dump

Brookfield’s make-up artists are hard at work. They’ve taken “coal” out of the title, hired every broker in town to flog the thing and, in the most telling move, are rushing to get the deal done before the end of the year. Michael West reports on the ASX float of Dalrymple Bay Infrastructure, which looks set to siphon off Aussie cash to an offshore haven, with yield-hungry retirees paying the price.

Democracy’s Watchdogs: Michael West Media turns four

Democracy’s Watchdogs: Michael West Media turns four

We are privileged this week to be part of Democracy’s Watchdogs — Bill Birnbauer’s non-profit organisation — which “aims to honour the work of Australian investigative journalists and educate the public about the work of our watchdogs and how they have enhanced our democratic processes”. Michael West reports.

The Virgin Brides: fate of airline on a knife-edge as bids lob and cash runs dry

The Virgin Brides: fate of airline on a knife-edge as bids lob and cash runs dry

The government has tossed $130 billion at business, the corporate largesse is dripping all over the big end of town. Even highly profitable $8 billion property developers such as Mirvac are rolling in the free money, yet when it comes to Virgin Australia they are being all punctilious about “letting the market sort it out”. Michael West reports on the future of Virgin.

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