News

Finance Minister Katy Gallagher is cautiously optimistic comments from RBA Governor Philip Lowe show interest rate hikes are closer to being paused.

‘Fight next workplace regulations’

The ASX has fallen 0.8 per cent and the Australian dollar has sunk to a four-month low after the US central bank's chairman warned of more interest rate rises.

Domestic airfares are still flying well above pre-pandemic levels but relief is in sight for passengers as prices start to drop.

Prime Minister Anthony Albanese is hoping his Indian tour fares better than the Australian cricket team as he goes into bat for a stronger economic partnership.

Elders’ heartbreak at Fortescue mine brawl

The ASX jumped while the Aussie dollar sank to an 11-week low after the Reserve Bank raised interest rates by an expected 0.25 percentage points.

There are hopes the RBA will slow its rate hikes, with the central bank today saying inflation had passed its peak as it lifted the cash rate to 3.6 per cent.

Women have missed out on more than $2.8 billion in super in the 12 years since Australia's paid parental leave scheme was introduced, industry fund Hesta says.

Consumer sentiment is still very low although mortgage holders have curiously regained some confidence ahead of the Reserve Bank's next cash rate decision.

China won’t have a bar of ‘doped’ $9b bullion

The local share market finished the day modestly higher, but on a weekly basis finished 0.3 per cent lower from where it started.

Lithium leader doubles down on WA spend 

Around 40 per cent of Australians are struggling to make ends meet as the cost of living crisis stretches household budgets to their limit.

The local share market has finished basically flat, with gains for the miners balanced by losses for the big banks.

Approvals for new homes remains subdued as stubbornly high inflation and rising interest rates weigh on demand for home-building.

Live export ban a red line: farmers 

The local share market has finished down 0.1 per cent after being in and out of positive territory on a day marked by the release of GDP and inflation figures.

Builder freezes new home sales

The ASX has closed up 0.5 per cent but turned in a lacklustre performance for the month, giving back half of January's gains.

Employers are still offering big sums to entice in-demand workers but growth in advertised salaries is starting to wane.

New recruit widens Qantas CEO field

Australian company profits have bounced back after dropping off steeply last quarter, with business inventories returning a softer-than-expected result.

The local share market has fallen 1.1 per cent as the odds increase that the Federal Reserve will return to supersized rate hikes to combat stubborn inflation.

Renters living in inner-city apartments or houses in regional hotspots across Australia have seen astronomical rental increases in the past year.

A new commissioner will be appointed to help oversee cyber security breaches as part of an overhaul of the sector in Australia, the government has announced.

Offshore wind developers look towards WA as NSW rivalry heats up

The ASX has gained 0.3 per cent but still suffered its third straight week of losses as interest rates anxiety ratcheted up.

The Australia Institute has linked rising prices to growing business profits, and claimed workers should not accept sluggish wage growth.

Australia urged to join hydrogen subsidy race 

The ASX has ended lower for a third day in a row, dropping 0.4 per cent amid a slew of company earnings reports.

Kimberley businesses affected by Western Australia's once-in-a-century-flooding in January will be eligible for more than $40 million in freight subsidies.