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Latest news: Economy, Business and Finance

Glass half full: Penfolds owner 'excited' despite loss

Glass half full: Penfolds owner 'excited' despite loss

Treasury Wine Estates has posted a bottom-line net loss, but is confident ongoing efforts to cut costs and maintain healthy sales channels will bear fruit.

Aussies splash cash on tech but prices tipped to rise

Aussies splash cash on tech but prices tipped to rise

Aussies splash cash on tech but prices tipped to rise

Aussies splash cash on tech but prices tipped to rise

Consumers are spending big on smartphones and games consoles despite a tight economy, JB Hi-Fi says, but the cost of some gadgets could rise.

Regional bank sees stronger loan growth on the horizon

Regional bank sees stronger loan growth on the horizon

Regional bank sees stronger loan growth on the horizon

Regional bank sees stronger loan growth on the horizon

A regional bank has earmarked money to deal with regulatory issues after reporting a dip in net cash earnings, partly driven by a fall in lending.

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One tax still off the table as treasurer weighs reform

One tax still off the table as treasurer weighs reform

The International Monetary Fund report is calling for a hike in the GST and other tax changes, while praising the handling of Australia's economy.

Big businesses getting bigger amid two-speed recovery

Big businesses getting bigger amid two-speed recovery

Business credit growth implies Australia's economy is resilient, but insolvency numbers continue to remain high, and in some sectors are growing.

Ukraine delaying restart of oil pipeline: Slovakia

Ukraine delaying restart of oil pipeline: Slovakia

Ukraine has been accused of delaying the restart of a pipeline carrying Russian oil to eastern Europe.

RBA offers more rates call insight before jobs data

RBA offers more rates call insight before jobs data

Critical unemployment figures will give Australia's central bank a clearer picture on whether it will deliver a second interest rate hike in as many months.

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Work never ends for used car giant after $120m sale

Work never ends for used car giant after $120m sale

Work never ends for used car giant after $120m sale

Work never ends for used car giant after $120m sale

A used car startup has netted its founder a nine-figure payday after selling his business to Toyota but it won't put the handbrake on his drive.

Positive signs of progress on elusive trade agreement

Positive signs of progress on elusive trade agreement

Positive signs of progress on elusive trade agreement

Positive signs of progress on elusive trade agreement

An elusive EU-Australia free trade agreement could soon be finalised, with Australia’s trade minister confident a deal is within reach.

Cochlear crashes in latest earnings season carnage

Cochlear crashes in latest earnings season carnage

Cochlear crashes in latest earnings season carnage

Cochlear crashes in latest earnings season carnage

Hearing device manufacturer Cochlear has suffered a 19 per cent sell-off after posting weaker-than-expected half-year earnings and trimming its guidance.

Stamp price hike needed yet again, Australia Post says

Stamp price hike needed yet again, Australia Post says

Stamp price hike needed yet again, Australia Post says

Stamp price hike needed yet again, Australia Post says

The number of letters being posted is at its lowest level in nearly a century, sparking another call to ease Australia Post losses with pricier stamps.

Furniture seller sets the table with revenue boost

Furniture seller sets the table with revenue boost

Furniture seller sets the table with revenue boost

Furniture seller sets the table with revenue boost

Furniture retailer Nick Scali continues to grow, but its foray into the United Kingdom is still weighing on it bottom line.

Valentine's warning as AI fuels 'insidious' love scams

Valentine's warning as AI fuels 'insidious' love scams

Valentine's warning as AI fuels 'insidious' love scams

Valentine's warning as AI fuels 'insidious' love scams

Criminals are feeding Australians' social media information into AI to create targeted romance scams ahead of Valentine's Day.

Bank business clients proving resilient, despite rates

Bank business clients proving resilient, despite rates

Bank business clients proving resilient, despite rates

Bank business clients proving resilient, despite rates

One of the bright spots in Commonwealth Bank's interim results this week was its interactions with businesses, particularly in regional Australia.

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Energy seller: network costs key factor in power bills

Origin Energy's bottom-line net profit for the half-year ended December 31 fell to $557 million, after revenue growth of nine per cent to $8 billion.

Shares in wealth manager plunge in earnings bloodbath

AMP shares have plummeted amid questions from analysts about why shareholders should watch their money being "torched" to fund the company's new digital bank.

RBA urges more high-rise amid home-building constraints

Builders are telling the Reserve Bank that it is 'very challenging' to get high-rise projects approved in NSW, but houses are at least becoming faster to build.

'Watch this space': Fortescue bullish on climate target

Battery-powered trains are part of Fortescue's plan to eliminate fossil fuels from its Pilbara iron ore operations as it aims to beat a decarbonisation target.

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Aussies ditch copper for fibre to boost download speeds

More Australians are upgrading their broadband connections, choosing faster plans and setting download records, NBN Co has revealed.

ASX lifts earnings but transformation costs rising

Bourse operator ASX Ltd has grown its earnings and profits despite facing a barrage of headwinds, including regulator woes, outages and a hunt for a new leader.

Biotech giant's shares dive after CEO's shock departure

Shares in Australia's largest biopharmaceutical company have hit an eight-year low after the sudden retirement of its chief executive.

'Stonking result': big bank basks in best day for years

Shares in Australia's biggest bank have soared to a three-month high after it beat earnings expectations with "a really clean set of numbers".

Superannuation tax changes one step closer to reality

Labor's tweaked super concessions bill that will increase taxes on high account holders but won't hit unrealised gains has taken its first step to becoming law.

Irish basic income scheme to pay artists $550 per week

A basic income ‍scheme from the Irish government will pay 2000 artists about $A550 a week for a period of three years.

Signs point to RBA fine tuning, rather than hike spree

Softer labour market data and consumer confidence levels reveal an economy coming back towards balance and not in need of major monetary tightening.

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