AAP

Hopes of a smaller interest rate rise may have been premature with most experts forecasting another 50 basis point hike.

The local bourse has enjoyed its best performance in three weeks after the Bank of England took emergency measures to stabilise markets.

Global economies should not give up on corporate tax despite the challenges of collecting taxes from large multinationals skilled at exploiting tax havens.

Australia's largest electricity generator AGL Energy will go "net zero" after abandoning plans to split into two companies.

The local bourse has fallen to its lowest level since June 20, resuming its downward action as soaring bond yields continue to press on equities.

The Australian share market has resumed its downwards action, with the local bourse closing at its lowest level since June 20 as soaring bond yields continue to press on equities.

Businesses dabbling in price fixing and other anti-competitive behaviour will be hit with harsher punishments under proposed legislation.

The Australian share market finished 0.4 per cent higher, a modest recovery after its three-day sell-off.

The shadow treasurer says higher taxes will hinder business innovation and put a handbrake on the economy.

The sensitive details of 10,000 Australian customers have reportedly been released by the hackers behind last week's massive Optus data breach.

After taking a break for the public holiday, the local share market has picked up where it left off - by sinking lower as central bank rate hikes weigh on sentiment.

Prime Minister Anthony Albanese and opposition leader Peter Dutton have led tributes to the late Queen in parliament.

Nearly every sector of the local share market has lost ground as the ASX dropped another 1.56 per cent to its lowest level since July 19.

Supermarket giant Coles is selling its fuel and convenience stores operation for $300 million.

The local share market has moved mostly higher as Reserve Bank of Australia minutes suggest the pace of rate hikes may soon ease.

Australia's peak social services group is warning a slight increase to the JobSeeker payment will do little to help the poorest people make ends meet.

Laws to set up a national anti-corruption commission might not pass until early 2023, a senior Labor MP says.

The property sector has gained ground, mining and financials were flat and the rest of the share market receded in a day of directionless trading on the ASX.

Origin Energy is expected to divest its 50 per cent stake in an oil and gas exploration venture with Buru Energy as the gas and electricity major turns its focus to “cleaner” projects.

Rising interest rates are a double-edged sword for home buyers as they reduce borrowing capacity but also drive prices down, the RBA says.

The local share market fell 1.4 per cent on Friday to finish the week down 2.3 per cent, as hawkish talk prevails among central bankers.

The federal government has chipped in another $5 million to get Engie's green hydrogen under way, after costs lifted.

The local share market has closed modestly higher though it still has a long way to go before recouping its losses on Wednesday, the worst day in three months.

An independent 'reporter' will assess the effects of industry on ancient rock art in the Pilbara where a contentious fertiliser plant is being developed.

Wall Street stocks have closed higher as an on-target inflation report largely staunched the flow of the previous session's sell-off and investors pressed the "pause" button.

The Australian stock market has suffered its worst losses since June 14, falling along with markets around the world on predictions of aggressive US rate hikes.

The Australian stock market is on pace for its worst day since June 14 after falling in early trading in the wake of a worse-than-expected US inflation report.

The Australian share market has climbed to a finish above the 7000-point mark as investors await another monthly report on US inflation.

The public submission period for the inquiry into the secret appointments of former prime minister Scott Morrison is open.

The local share market has risen one per cent to hit its highest level this month, with miners performing especially well.

The local share market finished the day up 0.7 per cent, thanks in part to gains by BHP, Fortescue Metals and Mineral Resources.

Prime Minister Anthony Albanese has paid tribute to Queen Elizabeth II after news of the 96-year-old monarch's death.