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The Latest News on Finance

Aussie shares hit record high as rate-cut hopes grow

Aussie shares hit record high as rate-cut hopes grow

The ASX200 has hit a new high in intraday trading and finished just under its all-time closing record amid optimism the RBA will cut rates at its next meeting.

Last big bank holdout against February rate cut folds

Last big bank holdout against February rate cut folds

Last big bank holdout against February rate cut folds

Last big bank holdout against February rate cut folds

With the stars aligned for a February interest rate cut, borrowers are now concerned with how many cuts the Reserve Bank will hand down.

Bank fee revenue rises for first time in seven years

Bank fee revenue rises for first time in seven years

Bank fee revenue rises for first time in seven years

Bank fee revenue rises for first time in seven years

A rebound in overseas spending and a jump in mortgage holders refinancing their home loans boosted Australian banks' fee revenue by five per cent in 2023/24.

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'Year of the unit': cost squeeze drives homebuyer shift

'Year of the unit': cost squeeze drives homebuyer shift

Rising unaffordability and changing lifestyles are driving an unusual turnaround in real estate dynamics as unit prices grow faster than houses in some areas.

Top clothing chains to close, shedding hundreds of jobs

Top clothing chains to close, shedding hundreds of jobs

More than 250 outlets of two leading retail chains will close, costing nearly 1000 jobs, after receivers failed to find a buyer for the stores.

Aussie shares rally as hopes grow for February rate cut

Aussie shares rally as hopes grow for February rate cut

The ASX200 has risen 0.6 per cent to approach its all-time high after cooling inflation increased the chances of an earlier interest rate cut.

Belief firms in rate relief as inflation takes breather

Belief firms in rate relief as inflation takes breather

Markets and economists widely tip a February interest rate cut after underlying inflation came in below expectations for the December quarter.

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'Human error': energy giant fined $1.6m for DV breaches

'Human error': energy giant fined $1.6m for DV breaches

'Human error': energy giant fined $1.6m for DV breaches

'Human error': energy giant fined $1.6m for DV breaches

One of the Australia's largest energy retailers has apologised after racking up $1.6 million in fines for their treatment of family violence-affected customers.

Draft anti-scam laws need better victim compo measures

Draft anti-scam laws need better victim compo measures

Draft anti-scam laws need better victim compo measures

Draft anti-scam laws need better victim compo measures

Consumer advocates have called for proposed scam prevention laws to be strengthened to better protect the public, while industry groups want more clarity.

ASX dips, uranium stocks plunge amid DeepSeek turmoil

ASX dips, uranium stocks plunge amid DeepSeek turmoil

ASX dips, uranium stocks plunge amid DeepSeek turmoil

ASX dips, uranium stocks plunge amid DeepSeek turmoil

The ASX200 has finished down 0.1 per cent, with double-digit losses for uranium developers as the rise of cheap Chinese AI prompts a rethink of narratives.

Cloud backup firm hits new heights in $420m acquisition

Cloud backup firm hits new heights in $420m acquisition

Cloud backup firm hits new heights in $420m acquisition

Cloud backup firm hits new heights in $420m acquisition

Shares in ASX-listed Dropsuite have surged to an all-time high - 57 times the price of its 2016 IPO - after the Melbourne company agreed to be taken over.

Chalmers buoyant about 2025, ahead of inflation data

Chalmers buoyant about 2025, ahead of inflation data

Chalmers buoyant about 2025, ahead of inflation data

Chalmers buoyant about 2025, ahead of inflation data

Treasurer Jim Chalmers remains confident 2025 will be better economically for Australians after struggles with the cost of living.

Motoring body drives push for road safety ratings

Motoring body drives push for road safety ratings

Motoring body drives push for road safety ratings

Motoring body drives push for road safety ratings

Safety ratings on roads should be brought in by the federal government to guide major road funding decisions, the Australian Automobile Association says.

Crucial inflation readout to determine RBA rate call

Crucial inflation readout to determine RBA rate call

Crucial inflation readout to determine RBA rate call

Crucial inflation readout to determine RBA rate call

Mortgage relief could be just around the corner if predictions of a faster-than-expected fall in price growth are borne out in ABS data released on Wednesday.

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Aussie shares rise as Trump calls for rate cuts

The ASX200 rose 0.4 per cent on Friday to finish up 1.2 per cent for the week as Donald Trump demanded cuts in oil prices and interest rates.

The 'existential' threat facing the corporate watchdog

Corporations and regulators are struggling to adapt to modern business conditions and regular Australians are suffering as a result, says ASIC boss Joe Longo.

Ballooning capital works blamed for budget blowout

A state will be in the red for some years as its government flags swelling infrastructure costs, as the opposition warns of the risk of potential spending cuts.

Australian shares drop as Trump rally loses steam

The ASX200 has snapped its three-day winning streak with a 0.6 per cent drop, while the Australian dollar was close to a one-month high.

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Rivers' stores to close after no buyer found

Iconic clothing and footwear brand Rivers will close its doors after more than 40 years, after failing to find a buyer.

Myer gets tick of approval for clothing brand merger

Myer Holdings will get much bigger on Sunday, after shareholders approved its acquisition of 719 apparel stores, including Just Jeans and Jay Jays.

Australian shares rise again as Trump fuels optimism

Optimism about the Trump presidency's implications for markets and the economy has driven Australian shares to further gains as the ASX200 rises 0.4 per cent.

Full steam ahead in pay fight despite rail reprieve

Passengers will be able to get where they need to go on a major rail network after works bans were dropped but a long-term deal is no closer to being struck.

Home construction rises but target remains out of reach

High costs, labour shortages and low productivity are limiting the sector's ability to build new homes as construction activity remains below required levels.

Santos shelves major oil and gas project

Santos has deferred plans for a $3 billion-plus oil and gas project in WA, leading to a sharp drop in the share price of the project’s minority partner.

Trump stirs tariff pot, toying with fresh threats on EU

A day after taking office, US President Donald Trump has reiterated tariff threats without immediately imposing the taxes he threatened during his campaign.

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