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The Australian - The Australian Business Review AM
| | | | | | DJIA | 27359.16 | +0.10% | | S&P 500 | 3014.3 | +0.02% | | Nasdaq | 8258.19 | +0.17% | | Brent Crude | $US66.48 | -0.4% | | Iron Ore | $US121.40 | +2.4% | | AUD | US70.38c | -0.03% | | ASX Futures | 5728 | -8 | | | |
| Good morning, readers. Here’s what is shaping the business landscape: Stubborn employees who refuse to move into more productive companies are a major cause of record-low wages growth, new research shows. A building certifier has warned the construction industry will ‘collapse’ without solving the compulsory indemnity insurance crisis. The breakdown of AMP's $3.3 billion sale of its life business has left its turnaround strategy in tatters. What to watch for: Weekly consumer confidence data is due out, and minutes of the July 2019 Monetary Policy Meeting of the Reserve Bank Board will be released later this morning. US Federal Reserve Chair Jerome Powell is due to speak in Paris. Keep up with the latest business developments and market movements in our live blog, Trading Day. | | | AMP rattled as life sale fails | | Cliona O'Dowd, Joyce Moullakis | | The breakdown of AMP's $3.3 billion sale of its life business has left its turnaround strategy in tatters. |
| | | Fund managers face 'crisis' | | David Rogers | | Record low interest rates are not only hurting savers: fund managers have also been caught out. |
| | | Paul Garvey | | A 20pc surge in Australia's LNG gas exports has put the nation on track to eclipse Qatar as the world's biggest LNG producer. | | | | Back to square one for AMP | | John Durie | | There's some good for AMP shareholders in Resolution's decision to pull the plug, but it's small compensation. |
| | | Super slow to take Silk route | | Will Glasgow, Christine Lacy | | Surprise was written all over Ian Silk's moustache: AustralianSuper hadn't escaped the government. |
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| | Will Glasgow, Christine Lacy | | Surprise was written all over Ian Silk's moustache: AustralianSuper hadn't escaped the government. | | | | ANZ to close branches | | Joyce Moullakis | | ANZ chief executive Shayne Elliott sees no alternative to closing more bank branches, with the subsequent loss of jobs. |
| | | Regulator relied on opinion: IOOF | | Joyce Moullakis | | The prudential regulator failed to undertake "precise analysis" in its case against IOOF, the Federal Court has heard. |
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