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Latest news: Economy, Business and Finance

Iluka Resources to pause production after profit slump

Iluka Resources to pause production after profit slump

Iluka Resources has reported a slump in first-half profit and will shutter a major kiln as global economic uncertainty depresses demand for some commodities.

Australia to seek trade breakthroughs at G20 summit

Australia to seek trade breakthroughs at G20 summit

Australia to seek trade breakthroughs at G20 summit

Australia to seek trade breakthroughs at G20 summit

Trade issues will be in the spotlight as ministers from the largest economies prepare to meet in India ahead of the G20 leaders' summit.

From Raider to sparky, NRL star leads tradie treechange

From Raider to sparky, NRL star leads tradie treechange

From Raider to sparky, NRL star leads tradie treechange

From Raider to sparky, NRL star leads tradie treechange

Former Raiders and St George Illawarra player Josh McCrone has found a new life as a sparky in rural NSW, as Australian tradies consider leaving the capitals.

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Industry data casts doubt on 2030 clean energy target

Industry data casts doubt on 2030 clean energy target

A clean energy investment snapshot shows Australia may be charging into the battery era, but poor planning and transmission gaps risk failure on 2030 targets.

Coles profits rise as consumers skimp on eating out

Coles profits rise as consumers skimp on eating out

Consumers are increasingly turning to supermarkets to ride out the cost-of-living squeeze, with Coles experiencing strong growth in sales revenue.

BHP warns on tax, productivity after plunge in profits

BHP warns on tax, productivity after plunge in profits

Profits and dividends are down at BHP on lower commodity prices, but the mining giant says it is managing inflationary pressures better than its rivals.

Woodside fatality, safety lapses mar strong first half

Woodside fatality, safety lapses mar strong first half

Woodside has reported a six per cent jump in profit to $A2.7 billion, but the death of contractor Michael Jurman has overshadowed its strong performance.

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Lithium mega-trend drives Allkem to record $525m profit

Lithium mega-trend drives Allkem to record $525m profit

Lithium mega-trend drives Allkem to record $525m profit

Lithium mega-trend drives Allkem to record $525m profit

Lithium producer Allkem credits hard-rock production in Australia and brine ponds in Argentina for an "outstanding" FY23 result as the world races for supplies.

AGL Energy owns goals with Adelaide Oval-sized battery

AGL Energy owns goals with Adelaide Oval-sized battery

AGL Energy owns goals with Adelaide Oval-sized battery

AGL Energy owns goals with Adelaide Oval-sized battery

More than a big banana, a big battery the size of an AFL oval has switched on in South Australia to help cut power bills and greenhouse gas emissions.

Blueprint revealed to turbocharge productivity, wealth

Blueprint revealed to turbocharge productivity, wealth

Blueprint revealed to turbocharge productivity, wealth

Blueprint revealed to turbocharge productivity, wealth

A package of reforms that could leave every Australian $7000 better off each year after a decade has been unveiled by a leading business group.

Chalmers plays down fuss over union push for RBA board

Chalmers plays down fuss over union push for RBA board

Chalmers plays down fuss over union push for RBA board

Chalmers plays down fuss over union push for RBA board

A seat on the Reserve Bank board for a representative of a major industrial union hasn't been ruled out by Treasurer Jim Chalmers.

Activist shareholders target Woodside over new projects

Activist shareholders target Woodside over new projects

Activist shareholders target Woodside over new projects

Activist shareholders target Woodside over new projects

Woodside Energy is being urged to reallocate capital from new production to a share buyback to avert the release of half a billion tonnes of carbon emissions.

Aussie-led global consortium joins offshore wind frenzy

Aussie-led global consortium joins offshore wind frenzy

Aussie-led global consortium joins offshore wind frenzy

Aussie-led global consortium joins offshore wind frenzy

A powerful consortium has joined the bidding to add offshore wind to Australia's clean energy arsenal in Gippsland waters off the coast of Victoria.

Future of Australian economy under spotlight

Future of Australian economy under spotlight

Future of Australian economy under spotlight

Future of Australian economy under spotlight

The latest Intergenerational Report to be released this week will shed light on some of the long-term challenges and opportunities for the Australian economy.

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Japan's industrial giants lead charge for Aussie nickel

A nickel explorer has industrial giants from Japan queuing for future supplies from under the red dirt out west as the battery minerals race accelerates.

Queensland splashes millions to lure business to bush

The Palazczuk government is spending $80 million on a package to boost business and investment in regional Queensland.

CBA to back contactless transport payments in Victoria

The Commonwealth Bank has been appointed by Victoria's Department of Transport to handle contactless payments for the state's public transport ticketing system.

Narrow point in gender gap yet women still earning less

Women still earn 13 per cent less than men in full-time work on average despite a second straight narrowing of the pay gap between genders.

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Little relief for consumers as Origin posts $1b profit

Origin Energy expects another tough year for cash-strapped customers after posting an FY23 net profit of $1.06 billion as it prepares for a foreign takeover.

NBN submits new pricing plan to consumer watchdog

NBN Co has launched a revised pricing plan for broadband, after previous efforts were knocked back by the consumer watchdog.

WA domestic gas update to 'safeguard' supply, growth

The West Australian government has moved to secure the domestic supply of gas for industrial development, but the sector warns it will stymie investment.

Push for green tariffs ushers in 'proxy carbon price'

Commodity-rich Australia is pushing the world closer to a 'proxy carbon price' as it moves to level the playing field for big emitters and keep jobs onshore.

Weakness in economy continues as rate rises bite

With the labour market at a "turning point", a leading index of Australia's economic activity has produced its longest run of negative results in seven years.

Inflation, currency headwinds take toll on CSL's profit

Australia's third-largest company has reported a three per cent drop in net profit after tax, but CSL says plasma collections hit record levels.

Regional house prices fall as interest rates rise

House prices are down in most regional markets with real estate analysts pointing to interest rates and migration after the COVID-19 pandemic as factors.

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