Latest news with #RossGreenwood
News.com.au
25-05-2025
- Business
- News.com.au
‘Grain of cynicism': ASX 200 surges to within two per cent of all-time high
Sky News Business Editor Ross Greenwood says Australia's stockmarket got within two per cent of its all-time high set in early February, before Donald Trump's Liberation Day spooked the markets. Mr Greenwood questions whether this surge in market momentum should be treated with a 'a grain of cynicism'. 'The Australian economy's annual growth right now is just 1.3 per cent; that compares to its long-term average of three per cent. 'So where is all the profit growth coming from to support the near record share market?'
Sky News AU
25-05-2025
- Business
- Sky News AU
‘Grain of cynicism': ASX 200 surges to within two per cent of all-time high
Sky News Business Editor Ross Greenwood says Australia's stockmarket got within two per cent of its all-time high set in early February, before Donald Trump's Liberation Day spooked the markets. Mr Greenwood questions whether this surge in market momentum should be treated with a 'a grain of cynicism'. 'The Australian economy's annual growth right now is just 1.3 per cent; that compares to its long-term average of three per cent. 'So where is all the profit growth coming from to support the near record share market?'
Sky News AU
21-05-2025
- Business
- Sky News AU
‘One of the quietest success stories': TechnologyOne soars on record half-year profit
TechnologyOne's shares shot the lights out on Tuesday and Wednesday after a half-year profit result that sets it up now for record revenue and profit for the 16th straight year. TechnologyOne Chief Executive Edward Chung claims the company provides 'mission-critical software' for some defined vertical markets. 'We've been around for a long time and probably one of the quietest success stories, as you say, in the Australian market,' he told Sky News Business Editor Ross Greenwood.
News.com.au
21-05-2025
- Business
- News.com.au
NAB predicts three more rate cuts this year from the Reserve Bank
NAB Chief Economist Sally Auld predicts there could be another three more rate cuts this year after the Reserve Bank finished its second rate cut on Tuesday. 'I think the narrative for the bank is really about trying to work out what the appropriate stance of policy is, given some quite significant shifts in the global backdrop,' Ms Auld told Sky News Business Editor Ross Greenwood. 'A cash rate a little bit above four per cent was continuing to exert a headwind on the broader economy. 'The bank is now clearly far more comfortable with the inflation outlook and also a little bit disappointed by the performance of the consumer so far this year, I think that made the decision that a restrictive policy stance was no longer the right one. 'At Nab … we think they're probably going to choose that middle path and actually anchor towards a neutral policy setting.'
News.com.au
21-05-2025
- Politics
- News.com.au
Nationals have caused ‘destruction' of rural Australia: Bob Katter
Independent MP Bob Katter says the National Party has caused the 'destruction' of rural Australia. 'The National Party … they were the Deputy Prime Minister of Australia for most of the last 20 years, and if there were something that they did for rural Australia, I am not aware of it,' Mr Katter told Sky News host Ross Greenwood. 'People that keep going in the media thinking these people represent rural Australia, they have been the destruction of rural Australia.'
