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Latest news: Economy, Business and Finance

Relief as Reserve Bank hits pause on interest rates

Relief as Reserve Bank hits pause on interest rates

Borrowers will welcome a break from interest rate hikes as Australia's central bank opts to keep the official cash rate steady at 4.1 per cent.

Fruit and vegetable grower Costa confirms takeover bid

Fruit and vegetable grower Costa confirms takeover bid

Fruit and vegetable grower Costa confirms takeover bid

Fruit and vegetable grower Costa confirms takeover bid

Shareholders of Costa Group could receive a healthy financial boost after the fruit and vegetable grower confirmed it received an unsolicited takeover offer.

Mini-home building boom might be ready to splinter

Mini-home building boom might be ready to splinter

Mini-home building boom might be ready to splinter

Mini-home building boom might be ready to splinter

Fresh data points to a rise in home-building, an uptick in housing lending and recovering property prices - but storm clouds are gathering.

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Tight squeeze in mortgage belt as hikes hit hip pockets

Tight squeeze in mortgage belt as hikes hit hip pockets

The prospect of another rate hike is heaping pressure on a growing number of mortgage-holders struggling to meet their repayments.

Expert unit tackles 'scamdemic' bilking Aussie millions

Expert unit tackles 'scamdemic' bilking Aussie millions

While the federal government has assembled a team of scam-busting experts to target investment swindles, a consumer group says alternative action is needed.

PwC identifies eight partners involved in tax leak

PwC identifies eight partners involved in tax leak

The names of eight sacked partners from embattled consultancy firm PwC have been revealed as the investigation into the tax leak scandal continues.

Jobs slashed as miner Aurora enters administration

Jobs slashed as miner Aurora enters administration

Administrators have been called in to oversee struggling miner Aurora Metals' Queensland assets, with the future of 45 employees in the balance.

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Fresh support for Porter Davis customers who missed out

Fresh support for Porter Davis customers who missed out

Fresh support for Porter Davis customers who missed out

Fresh support for Porter Davis customers who missed out

The Victorian government has extended its support scheme for Porter Davis customers who were left out of pocket when the company went into liquidation.

Borrowers cross fingers ahead of live cash rate call

Borrowers cross fingers ahead of live cash rate call

Borrowers cross fingers ahead of live cash rate call

Borrowers cross fingers ahead of live cash rate call

The Reserve Bank board is set to meet on Tuesday for what is likely to be another finely balanced interest rate decision in the fight against inflation.

Dutton says Labor can't take credit for budget surplus

Dutton says Labor can't take credit for budget surplus

Dutton says Labor can't take credit for budget surplus

Dutton says Labor can't take credit for budget surplus

The Labor government needs to produce more than one surplus, says the opposition leader, to prove it's serious about responsible budget management.

Moon mining: ground zero for doing things differently

Moon mining: ground zero for doing things differently

Moon mining: ground zero for doing things differently

Moon mining: ground zero for doing things differently

Mining on the moon is starting small as Australia and NASA prepare to develop self-sustaining habitats to support a giant leap to Mars.

Pharmacies receive $377m medication sweetener

Pharmacies receive $377m medication sweetener

Pharmacies receive $377m medication sweetener

Pharmacies receive $377m medication sweetener

Pharmacies will be paid thousands more to dispense medicines from July 1 as part of a government funding boost.

Borrowers on red alert as inflation fight rakes economy

Borrowers on red alert as inflation fight rakes economy

Borrowers on red alert as inflation fight rakes economy

Borrowers on red alert as inflation fight rakes economy

Economists and experts have identified groups at higher risk of serious financial stress and pain as interest rate hikes battle stubborn inflation.

How to blast rocks and negativity into prosperity

How to blast rocks and negativity into prosperity

How to blast rocks and negativity into prosperity

How to blast rocks and negativity into prosperity

Chemicals giant Orica expects to be a winner in the latest boom because miners need tech to find new ore and explosives to blast critical minerals out of rock.

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Federal surplus to rocket past earlier forecasts

The slender surplus forecast in the May budget is likely to be much more convincing as foreshadowed by new government data.

Home builder Bentley Homes slides into liquidation

Melbourne-based Bentley Homes has collapsed, citing economic pressures, with the builder abandoning further works.

Gender pay gap starts straight away for lawyers

Most young lawyers hitting a six-figure salary early in their career are men and the gender pay gap persists across all ages, a survey of NSW solicitors says.

House prices took more than 15 years to double

Home values are now doubling at a slower rate even after the massive pandemic-era boom that saw prices soar across the country.

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Retail trade beats forecast as sales lure shoppers in

Cash-strapped consumers are taking advantage of sales and pushing up retail trade temporarily, with the spending slowdown expected to continue next month.

State and federal partnership to replace NSW coal power

The federal and NSW Labor governments have launched a massive joint investment scheme to replace the state's ageing coal power stations with firmed renewables.

Don't expect many happy returns from the tax office

Australians may be hanging out for the new financial year as cost-of-living pressures bite, but there are reasons to expect a smaller tax return this year.

Call to crack China's dominance in critical minerals

Global demand for Australia's critical minerals is giving Treasurer Jim Chalmers optimism about mining's future in a net-zero emissions world.

Watchdog concerned by Transurban EastLink road takeover

The ACCC has raised preliminary competition concerns over Transurban’s proposed acquisition of Horizon Roads, the operator of Melbourne's EastLink toll road.

Australia urged to invest $100b in battery industry

A think tank has called for a critical minerals compact with South Korea to electrify the start of an onshore battery minerals processing industry in Australia.

Inflation figures boost hopes of hold on interest rates

A softer-than-expected inflation number could be enough to keep interest rates on hold next week but the battle against rising prices is not over yet.

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