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Latest news: Economy

Federal budget to dominate the economic agenda

Federal budget to dominate the economic agenda

The government will do well to resist spending a "tantalising" budget windfall, as boosting demand while supply is constrained could result in more rate hikes.

Labor plots budget housing boost to fend off One Nation

Labor plots budget housing boost to fend off One Nation

Labor plots budget housing boost to fend off One Nation

Labor plots budget housing boost to fend off One Nation

Jim Chalmers hopes slashing red tape and winding back investor tax breaks will convince voters the dream of home ownership is still alive.

Lenders told to 'support customers' facing hard times

Lenders told to 'support customers' facing hard times

Lenders told to 'support customers' facing hard times

Lenders told to 'support customers' facing hard times

Lenders must watch out for customers because the corporate regulator won't take a backward step as households face hardship, the outgoing ASIC chair will warn.

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US and Iran closing in on memorandum to end war

US and Iran closing in on memorandum to end war

Pakistani mediators believe they're getting close to an agreement between the US with Iran on a one-page memorandum of understanding to end the Middle East war.

Truce in doubt as US, Iran fight for control of strait

Truce in doubt as US, Iran fight for control of strait

The US is trying to force open the Strait of Hormuz while the UAE has come under attack by Iran in a test of a ceasefire with no sign of a peace deal.

Inflation, growth, rates all hinge on end to conflict

Inflation, growth, rates all hinge on end to conflict

The central bank, which raised interest rates on Tuesday, has released its latest set of quarterly economic forecasts and the news is not great.

Close call tipped as Reserve Bank mulls third rate hike

Close call tipped as Reserve Bank mulls third rate hike

Traders and economists expect the central bank to raise interest rates for a third straight meeting but high uncertainty could result in another split decision.

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Iran 'can't be trusted' over Hormuz, as talks stalled

Iran 'can't be trusted' over Hormuz, as talks stalled

Iran 'can't be trusted' over Hormuz, as talks stalled

Iran 'can't be trusted' over Hormuz, as talks stalled

Efforts to end the Iran war remain stuck as Tehran braces for US strikes and a Gulf ally of Washington warns against believing Iran over the Strait of Hormuz.

Stratospheric dreams of a new city coming back to earth

Stratospheric dreams of a new city coming back to earth

Stratospheric dreams of a new city coming back to earth

Stratospheric dreams of a new city coming back to earth

A premier has warned breathless developers to keep their heads out of the clouds as one of Australia's biggest cities marches relentlessly into the bush.

PM rubbishes budget tax speculation as home prices slow

PM rubbishes budget tax speculation as home prices slow

PM rubbishes budget tax speculation as home prices slow

PM rubbishes budget tax speculation as home prices slow

Sydney's home price premium over Brisbane and Perth continues to narrow as values retreat in Australia's two largest cities.

Iran threatens painful response if US resumes attacks

Iran threatens painful response if US resumes attacks

Iran threatens painful response if US resumes attacks

Iran threatens painful response if US resumes attacks

Tehran is warning Washington it faces a lengthy conflict if it attacks again, following reports the US has planned a "short and powerful" wave of strikes.

Stark warning dads need more help from better services

Stark warning dads need more help from better services

Stark warning dads need more help from better services

Stark warning dads need more help from better services

Dads value caregiving more than ever, but a landmark study on the state of the world's fathers reveals they are hindered by structures outside their control.

Trump urges Iran to 'get smart' and sign a deal

Trump urges Iran to 'get smart' and sign a deal

Trump urges Iran to 'get smart' and sign a deal

Trump urges Iran to 'get smart' and sign a deal

Days of impasse over efforts to end the Iran war have spurred US President Donald Trump to make fresh demands on Tehran or face an extended blockade.

Trump unhappy with Iran's latest proposal to end war

Trump unhappy with Iran's latest proposal to end war

Trump unhappy with Iran's latest proposal to end war

Trump unhappy with Iran's latest proposal to end war

The Iran war is no closer to being resolved, with Tehran's proposal of leaving nuclear talks until later not going down well with US President Donald Trump.

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US envoys go to Pakistan, but Iran says no direct talks

President Donald Trump is sending his special negotiators to Pakistan to revive ceasefire talks with Iran, but Tehran's officials don't intend to meet them.

Longer truce in Lebanon as Trump seeks 'best' Iran deal

Washington has helped broker an extended ceasefire between Israel and Hezbollah but President Donald Trump says he won't be rushed into making a deal with Iran.

Iran firms grip on Hormuz after US calls off attacks

Iran has fired on three ships and seized two of them as it denies agreeing to President Donald Trump's ceasefire extension and slams a continued US blockade.

'Gold-plated' building code worsening housing crisis

It takes a year longer to build an apartment compared to a decade ago as a result of onerous red tape, the housing industry says.

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Break in economic data keeps Middle East in focus

Traders will be hoping US President Donald Trump strikes a permanent deal with Iran to keep the Strait of Hormuz open as the clock ticks on a fragile ceasefire.

Dance revival kicks off with Australian biennale

From Polyswagg to Bollywood, an inaugural biennale of contemporary dance might help the sector get its groove back.

Iran says Strait of Hormuz now open after Lebanon deal

Iran's foreign minister says the Strait of Hormuz is declared open for all commercial vessels for the remainder of a 10-day truce between Israel and Hezbollah.

Hopes for Iran war deal grow but nuclear issues hanging

The US and Iran feel good about resuming talks to end the Middle East war, but differences remain over Iran's nuclear program.

Australia joins calls for Iran ceasefire to be upheld

A dozen finance ministers have signed a joint statement calling on the US, Israel and Iran to implement the ceasefire in full as the global economy teeters.

Aussies want electric cars to save cash, not the planet

Australians are considering electric cars as fuel prices rise, with potential buyers fuelled by the possibility of saving money rather than the environment.

US, Iran may resume talks despite port blockade

Efforts are under way for a second round of US-Iran talks that might resume within days as the showdown in the Strait of Hormuz showdown endures.

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