The Turnbull Government proposed company tax cut would cut national income for years before it boosted it and would never be self-funding, a new analysis from the Grattan Institute has found.

All high income Australians would pay the 1 to 1.5 per cent Medicare Levy Surcharge under a budget proposal that would raise a breathtaking $4 billion per year, more than 6 times the net amount saved in the first Turnbull budget.

It is the battle between a businessman who lost a billion-dollar birthright and his family, who didn't.

(Bloomberg) -- Brazil is moving to cast off the last shackles of government influence at iron-ore giant Vale SA -- but not before replacing the CEO with someone more politically palatable.

Investors are losing patience with Cromwell in its battle for control of the $2.7 billion Investa Office Fund, with some saying it its getting to the "unreasonable" level.

Australian retailers are se to face a new entrant with many South African-based brands now discovering that there is a new market near their door step, with a similar climate, time zone and consumer outlook.

Strong earnings results from reporting companies failed to stem the tide of a falling market, the big miners and the bigger banks pulling the index into the red.

Australia could record its first current account surplus since the mid-1970s this year, economists say.

Shares slide again despite big gains in QBE, Aristocrat and Lendlease after their profit reports, as waning enthusiasm for the Trump trade drags on big banks and miners.

There are several takeaways from Warren Buffett's letter to shareholders for Australian investors.