FROM THE CAPITAL

Industry profits surprise government

A A$30 billion (US$23 billion) profit surge from an enlarged Australian resources industry was a recent godsend for government budgeting but an ominous sign of future policy-making challenges.

Australia's treasurer Scott Morrison needs to get a grip on cyclical commodity pricing and budget accordingly

Australia's treasurer Scott Morrison needs to get a grip on cyclical commodity pricing and budget accordingly

March quarter data from the Australian Bureau of Statistics (ABS), published at the beginning of June, show the changing nature of the ties between the Australian economy and commodity markets. The ABS...

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