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Latest news: Economy, Business and Finance

Engineers, scientists to squeeze more out of oil, gas

Engineers, scientists to squeeze more out of oil, gas

A long-time engineering and construction contractor to oil and gas giants says it has a chance to play both sides of the energy and resources transition.

House prices smash records, fully reversing 2022 lows

House prices smash records, fully reversing 2022 lows

House prices smash records, fully reversing 2022 lows

House prices smash records, fully reversing 2022 lows

Australia's housing market has fully rebounded from recent lows as several major cities achieve new price peaks due to buyer and seller confidence.

Reserve Bank likely to stay on data watch in October

Reserve Bank likely to stay on data watch in October

Reserve Bank likely to stay on data watch in October

Reserve Bank likely to stay on data watch in October

The key cash interest rate is likely to remain unchanged at 4.1 per cent after the first central bank monetary policy meeting led by governor Michele Bullock.

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Summit tackles 'resource anxiety' over energy materials

Summit tackles 'resource anxiety' over energy materials

Governments must do more to attract capital for critical minerals, and as quickly as possible, to win in the energy transition, BHP CEO Mike Henry warns.

India's furnaces not the answer for Aussie coal exports

India's furnaces not the answer for Aussie coal exports

A report has found India will reduce its dependence on Aussie coal in steel furnaces as the price of green hydrogen comes down and carbon penalties go up.

Feeble retail sales growth reflects stretched consumers

Feeble retail sales growth reflects stretched consumers

Consumers appear to be spending more cautiously in a sign the Reserve Bank's mission to reduce inflation is working as intended.

Tech firm raises $15m to ease clean energy bottlenecks

Tech firm raises $15m to ease clean energy bottlenecks

Clean energy technology company Neara has raised $15.25 million to expand their digital platform and help integrate more renewable generation into networks.

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Household wealth grows but signs of pain emerging

Household wealth grows but signs of pain emerging

Household wealth grows but signs of pain emerging

Household wealth grows but signs of pain emerging

Australian households became wealthier last quarter as home prices continued ticking up and super balances swelled.

Qantas chair to stay at controls despite mounting flak

Qantas chair to stay at controls despite mounting flak

Qantas chair to stay at controls despite mounting flak

Qantas chair to stay at controls despite mounting flak

Qantas boss Richard Goyder is defying calls for his resignation, saying he won't step away from the airline as it looks to improve its battered image.

Game on for critics as Dockers score new oil giant deal

Game on for critics as Dockers score new oil giant deal

Game on for critics as Dockers score new oil giant deal

Game on for critics as Dockers score new oil giant deal

The Fremantle Dockers have extended a sponsorship deal with Woodside despite high-profile fans and scientists urging the AFL club to ditch the fossil fuel firm.

Betashares to acquire Bendigo Bank's super business

Betashares to acquire Bendigo Bank's super business

Betashares to acquire Bendigo Bank's super business

Betashares to acquire Bendigo Bank's super business

Bendigo and Adelaide Bank is selling its superannuation business to Betashares, one of Australia's largest exchange-traded fund issuers.

Raw deal for hybrid drivers in EV tax scheme 'shambles'

Raw deal for hybrid drivers in EV tax scheme 'shambles'

Raw deal for hybrid drivers in EV tax scheme 'shambles'

Raw deal for hybrid drivers in EV tax scheme 'shambles'

Drivers of electric and plug-in hybrid vehicles are being unfairly punished by a scheme designed to level the playing field in Victoria, the ombudsman suggests.

Inflation jump complicates Reserve Bank's job

Inflation jump complicates Reserve Bank's job

Inflation jump complicates Reserve Bank's job

Inflation jump complicates Reserve Bank's job

Australia's consumer prices have risen 5.2 per cent in the latest figures, with fuel, housing, transport, food and insurance the biggest drivers.

Allied Power acquisition to energise remote projects

Allied Power acquisition to energise remote projects

Allied Power acquisition to energise remote projects

Allied Power acquisition to energise remote projects

Two companies are joining forces on energy transmission projects for the mining sector as remote operators increasingly need ways to decarbonise.

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Cloud-based micro businesses floated for future economy

Artificial intelligence in health, education or agriculture could fix many social challenges and is within reach for even the smallest firms, a report shows.

Winner winner, chicken dinner: strike over at Inghams

Footy fans can rest assured that KFC and parmis are back on the menu after chicken workers ended a strike that threatened supplies ahead of the grand finals.

Joyce to be summoned by Senate probe on Qantas lobbying

Former Qantas CEO Alan Joyce will be summoned to appear at a Senate inquiry examining the airline's role in a government decision to reject extra Qatar flights.

Plan to boost employment labelled 'missed opportunity'

The Albanese government's employment white paper has been called a missed opportunity to curb inflation while bringing down unemployment.

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ANZ fined $15 million over dodgy credit card fees

The Federal Court has slapped ANZ with a large fine for misleading customers about the funds they had available in credit card accounts.

Inflation expectations tick up as petrol prices lift

There's been a dip in in consumer confidence as rising petrol prices nudge inflation expectations, which could be of note to the Reserve Bank.

Qatar airs anger at Qantas over flights-bid 'lobbying'

Qantas has been accused of drumming up negative messaging over Qatar Airways' bid for more flights into Australia by the Gulf state's aviation authority.

Payment plan to help pensioners, job seekers into work

Job seekers will get welfare benefits for up to six months as they transition into the workforce, under a suite of changes announced by the Albanese government.

Technicolour quilts sewing a path to financial freedom

A new program is offering single mothers on parenting benefits the chance to start their own businesses for greater freedom and flexibility.

Green hydrogen hub to save steel town from wipe-out

An extra $100 million to support a planned hydrogen hub to make Australia a "renewable energy superpower" has been pledged by the federal and SA governments.

Heat on climate, gender at companies' annual meetings

The annual general meeting season is expected to kick off with a focus on sustainability, remuneration for bosses and votes against all-male boards.

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