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Latest news: Economy, Business and Finance

'Eye off the ball': Woolies lays blame for limp results

'Eye off the ball': Woolies lays blame for limp results

A string of "distractions" are the reason why Woolworths failed to deliver for shareholders, the company's leaders say.

PM optimistic Trump and Xi will reduce trade tensions

PM optimistic Trump and Xi will reduce trade tensions

PM optimistic Trump and Xi will reduce trade tensions

PM optimistic Trump and Xi will reduce trade tensions

Anthony Albanese is hopeful a hotly anticipated meeting between the world's most powerful leaders will lead to a reduction in trade barriers.

Protests and price drops: mining giant faces challenges

Protests and price drops: mining giant faces challenges

Protests and price drops: mining giant faces challenges

Protests and price drops: mining giant faces challenges

Protesters have disrupted a meeting held by one of Australia's largest coal mining companies but bigger challenges could come from global price fluctuations.

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Australians lose hope as nation lags on housing targets

Australians lose hope as nation lags on housing targets

Australians aren't confident the housing crisis will be solved and not one state is on track to reach its homes target over the next five years, research shows.

JB Hi-Fi entering holiday period with 'good momentum'

JB Hi-Fi entering holiday period with 'good momentum'

Same-store sales at JB Hi-Fi's namesake consumer electronics stores grew five per cent in Australia in the first quarter, the retailer says.

Next rate cut uncertain as shutdown fogs Fed windscreen

Next rate cut uncertain as shutdown fogs Fed windscreen

The Federal Reserve has cut its key rate for the second time this year as the United States government shutdown clouds the economic outlook.

'We need energy': leader touts gas to save smelter jobs

'We need energy': leader touts gas to save smelter jobs

The fate of 1000 workers hangs in the balance as leaders debate the best way to save Australia's biggest aluminium smelter from closure.

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Latex giant Ansell bullish despite Trump's tariff moves

Latex giant Ansell bullish despite Trump's tariff moves

Latex giant Ansell bullish despite Trump's tariff moves

Latex giant Ansell bullish despite Trump's tariff moves

Tariffs and a national security probe into PPE aren't fazing Ansell or its investors, with an improved share price off the back of its AGM.

Largest smelter could close in 'national interest' blow

Largest smelter could close in 'national interest' blow

Largest smelter could close in 'national interest' blow

Largest smelter could close in 'national interest' blow

Rising energy costs could force Australia's largest aluminium smelter to shut, but leaders have promised to do everything possible to keep it going.

Sheep and beef behind rise in farmer sentiment

Sheep and beef behind rise in farmer sentiment

Sheep and beef behind rise in farmer sentiment

Sheep and beef behind rise in farmer sentiment

Tasmanian farmers are the most confident in the nation, while Western Australian primary producers are the most worried, according to a new survey.

RBA drops rates hint as Australia maintains AAA status

RBA drops rates hint as Australia maintains AAA status

RBA drops rates hint as Australia maintains AAA status

RBA drops rates hint as Australia maintains AAA status

Reserve Bank governor Michele Bullock has responded to a surprise jump in unemployment as a credit agency gives Australia's finance a tick of approval.

CSL shares plunge to six-year low as growth stalls

CSL shares plunge to six-year low as growth stalls

CSL shares plunge to six-year low as growth stalls

CSL shares plunge to six-year low as growth stalls

CSL shares have tumbled more than 15 per cent to their lowest level since 2018 after it cut its profit forecast given falling US flu vaccine rates.

Tech giant founder targeted as federal police raid firm

Tech giant founder targeted as federal police raid firm

Tech giant founder targeted as federal police raid firm

Tech giant founder targeted as federal police raid firm

Shares in Australian technology giant WiseTech are in freefall, down 15 per cent in early trading, after revelations of an ASIC-AFP raid.

Trump heads for Tokyo royal welcome, eyes China deal

Trump heads for Tokyo royal welcome, eyes China deal

Trump heads for Tokyo royal welcome, eyes China deal

Trump heads for Tokyo royal welcome, eyes China deal

Defence will be high on the agenda when US President Donald Trump meets with Japan's Prime Minister Sanae Takaichi ahead of talks with China's President Xi.

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ASEAN leaders look to build trade ties as Trump departs

Officials from China and the leaders of Brazil, Canada, the European Council and the 11-strong ASEAN bloc are working to solidify economic ties and trade pacts.

Time running out for 'irreplaceable' $95b reef

The Great Barrier Reef is an ecological and economic jewel, but a growing body of research shows it will be lost without swift and decisive action.

Tough decisions on closures to help Bega's bottom line

The closure of a cheese factory in Victoria and a peanut business in Queensland at a cost of 450 jobs will help Bega Cheese boost its earnings.

US-China talks sketch out rare earths, tariff pause

Officials from the United States and China are working on a potential deal to pause steeper tariffs and rare earths export controls ahead of a leaders' meeting.

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Trump headlines ASEAN summit as trade deals signed

US President Donald Trump watched over a ceasefire agreement between Cambodia and Thailand at the ASEAN summit in Malaysia before signing trade deals.

Trump confident of deal after 'successful' China talks

Top economic officials from China and the US have concluded two days of discussions to de-escalate a trade war as the countries' presidents prepare to meet.

Trump to hit Canada with 10pct extra import tax over ad

A furious Donald Trump says he will slap an extra 10 per cent tax on imports from Canada because an anti-tariff TV ad wasn't pulled from the air fast enough.

Unbridled inflation an each-way bet on Cup Day rate cut

Melbourne Cup day may not prove a winner for borrowers if inflation remains sticky in data released the week before, splitting predictions on interest rates.

Trump aims to clinch deal with China's Xi on Asia trip

US President Donald Trump's on-again, off-again meeting with his Chinese counterpart will be the centrepiece of his five-day trip to Asia.

Canada PM ready to resume trade talks with US and Trump

Trade talks between the US and Canada stalled after Ontario broadcast an anti-tariff advertisement featuring the voice of former president Ronald Reagan.

Governor takes aim at tax barrier to economic mobility

The Reserve Bank has set its sights on one tax it says keeps owners of big homes from downsizing and people from relocating for better jobs and pay.

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