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Latest news: Economy, Business and Finance

Inflation, currency headwinds take toll on CSL's profit

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

Regional house prices fall as interest rates rise

Regional house prices fall as interest rates rise

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.

Lid on exports leaves nation with huge wine hangover

Lid on exports leaves nation with huge wine hangover

Lid on exports leaves nation with huge wine hangover

Lid on exports leaves nation with huge wine hangover

Australia has 859 Olympic swimming pools worth of wine in storage, with oversupply expected to be a major issue for the industry for years to come.

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Tax loopholes are 'stealing from next generation'

Tax loopholes are 'stealing from next generation'

Unions have warned tax loopholes used by multinational companies would impact ordinary Australians and lead to fewer government services.

'That is progress': optimism as wages climb again

'That is progress': optimism as wages climb again

Workers feeling the pinch amid inflationary pressures may finally be experiencing some relief, with wage growth catching up to a key cost of living measure.

Tool exposes 'risky' assumptions behind climate pledges

Tool exposes 'risky' assumptions behind climate pledges

Some companies are too reliant on "risky" carbon capture and storage assumptions when claiming they are meeting global climate targets, data shows.

Consumer sentiment softens as businesses seek lifeline

Consumer sentiment softens as businesses seek lifeline

As business conditions and consumer sentiment soften across the country, operators are looking to credit cards to manage their finances, but there are pitfalls.

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Home insurance out of reach as climate disasters surge

Home insurance out of reach as climate disasters surge

Home insurance out of reach as climate disasters surge

Home insurance out of reach as climate disasters surge

The biggest rise in premiums in 20 years has raised concerns households may forego insurance and be even harder hit when the next disaster strikes.

Cutting-edge hydrogen tech starts up in steel heartland

Cutting-edge hydrogen tech starts up in steel heartland

Cutting-edge hydrogen tech starts up in steel heartland

Cutting-edge hydrogen tech starts up in steel heartland

A next-generation hydrogen electrolyser is being commercialised to give steelmaking and other heavy industries a future in Australia's regions.

How and where 2050s Adelaidians live up for discussion

How and where 2050s Adelaidians live up for discussion

How and where 2050s Adelaidians live up for discussion

How and where 2050s Adelaidians live up for discussion

The South Australian government has released a wide-ranging discussion paper to help guide urban planning over the next 30 years.

Wages and jobs on economic agenda for the week

Wages and jobs on economic agenda for the week

Wages and jobs on economic agenda for the week

Wages and jobs on economic agenda for the week

Experts will be scouring new data on jobs and wages and the minutes of a Reserve Bank meeting for signs of a faltering economy.

Travel delays on the cards due to Darwin runway upgrade

Travel delays on the cards due to Darwin runway upgrade

Travel delays on the cards due to Darwin runway upgrade

Travel delays on the cards due to Darwin runway upgrade

Darwin International Airport will undergo a $200 million runway upgrade, with some travel interruptions expected and completion likely late next year.

Early days for lithium as colts vie for talent, ports

Early days for lithium as colts vie for talent, ports

Early days for lithium as colts vie for talent, ports

Early days for lithium as colts vie for talent, ports

Australia is urged to be bold in the race for high-purity lithium for electric cars and clean energy, as veterans and newcomers jostle for capital and ports.

Inflation fight not over but RBA's confidence growing

Inflation fight not over but RBA's confidence growing

Inflation fight not over but RBA's confidence growing

Inflation fight not over but RBA's confidence growing

The chances of bringing inflation down without dealing massive damage to the labour market are improving, says the head of the Reserve Bank.

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RBA backs supply, not rent controls, to ease price pain

The Reserve Bank governor says the focus should be on planning and zoning reforms to bring on new supply rather than short-term fixes to housing challenges.

Investor delight as Star casino gets $310m tax break

A decision to delay a tax hike on Sydney's biggest casino to ward off closure has raised questions about NSW's priorities amid a cost-of-living crisis.

Super fund allegedly 'greenwashed' investments

An Australian super fund is facing serious legal action for allegedly "greenwashing" investments, which include a Russian state-owned oil and gas company.

'Perfect storm': insolvency surge threatens businesses

The Australian Taxation Office and other creditors pose the biggest threat to cash-strapped businesses facing an insolvency "surge", an organisation says.

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Don't blame migration for housing mess, business says

The Business Council of Australia says it's disingenuous to brand a temporary rebalancing of Australia's migration inflows as a "big Australia" policy.

Aussie winemakers are hoping to raise a glass to China

Australian grape and wine producers are optimistic that hefty tariffs will be scrapped on wine exported to China, after imposts on barley were removed.

AMP pauses capital return program after court loss

Financial services company AMP is pausing the third and final phase of a capital return program as it waits to determine what a Federal Court loss will cost it.

Debt 'solvers' accused of leaving clients' bills unpaid

Debt management company Solve My Debt Now has been accused of being little more than a name, allegedly making many people's financial hardship worse.

Yindjibarndi entitled but questions remain over compo

The Fortescue Metals Group says the native title holders of land it's mining in WA's Pilbara are entitled to compensation, but questions how and how much.

Competition heavyweight to head up price-gouging probe

Unions have set up an inquiry led by a former consumer watchdog chair to find out if price gouging is common and what can be done about it.

Mines minister fronts industry after backflip on law

Trust has not been broken between Western Australians and the government on heritage laws, nor is the Perth Mint a money launderer, the mining minister insists.

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