News

Labor to lift big super’s advice role

Global markets are eagerly awaiting what the US central bank decides to do on rates when it meets this week, with some economists predicting a rise.

US stocks have closed higher as investors wait for inflation data and a decision from the country's central bank.

Rate rises: banks warn of recession

The local share market has finished up 0.3 per cent for the day as hopes grew for a pause in US rate hikes, but closed the week down 0.3 per cent.

Top earners carry more of tax burden

The ASX200 has closed down 0.26 per cent following a surprise overnight rate hike from the Bank of Canada that emphasised how far rates might rise.

Australia has recorded two consecutive quarters of declining retail turnover in real terms but the migration boom is expected to underpin a recovery.

Productivity takes biggest hit yet

The local share market has closed down 0.2 per cent following the Tuesday's rate hike and underwhelming gross domestic product figures.

Australia's economic performance is starting to wane, with the economy growing by 0.2 per cent in the March quarter, down from 0.6 per cent.

Pressure on Labor wages policy

The local bourse has fallen 1.2 per cent, with every sector in the red except utilities after the Reserve Bank hiked interest rates once again.

The Reserve Bank of Australia has lifted the nation’s official cash rate to 4.1 per cent – a 25 basis point jump which takes it above four per cent for the first time since April 2012.

Consumer confidence has not budged from its weak position, although mortgage holders have regained some optimism ahead of the next cash rate decision.

PwC can regain the public’s trust: ASIC

The local share market finished the day 0.5 per cent higher, although it closed the week down 0.1 per cent.

Work has been called off at the PACT site, following the death of a man in his 60s.

CEOs seek urgent fix for housing

The local share market has moved into positive territory, closing up 0.3 per cent on progress in Washington towards a deal to avoid a US default.

ASIC found that companies linked to Craig Turnbull owe $5.29 million to creditors and the Office of State Revenue.

Lowe warns Labor on wages

John Gelavis has made the call to step down from the industry group after five years at the helm.

The local share market has suffered its worst day of losses in 12 weeks, falling 1.6 per cent to close at its lowest level in two months.

Reserve Bank governor Philip Lowe has used a public appearance to explain that low productivity growth, not wages, is threatening the outlook for inflation.

PwC behind 15 schemes to help companies sidestep tax: ATO

Shares on the ASX have finished down 0.1 per cent, with small gains for the major miners and mostly modest losses for the big banks.

McGowan quits Labor’s fortress

The local share market has had its best day since April 11, climbing 0.9 per cent on a possible resolution to the US debt ceiling drama.

Rental demand is fast outrunning supply and low-income households are bearing the brunt of the rental affordability crisis, analysis shows.

1.3 million missing homes blamed on councils and NIMBYs

The Australian share market has finished up 0.2 per cent for the day, but closed the week down 1.7 per cent after losses from Monday to Thursday.