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The Latest News from economy, business and finance

Failure to inform about missile blast was irresponsible

Failure to inform about missile blast was irresponsible

The lack of warning from Beijing to its neighbours about the test launch of an intercontinental ballistic missile over the Pacific was "irresponsible".

China stimulus a 'very good development for Australia'

China stimulus a 'very good development for Australia'

China stimulus a 'very good development for Australia'

China stimulus a 'very good development for Australia'

After iron ore prices plunged by more than a third since the start of the year, Chinese stimulus measures spell good news for the Australian budget.

Fallen star: $500 million wiped from Star on ASX

Fallen star: $500 million wiped from Star on ASX

Fallen star: $500 million wiped from Star on ASX

Fallen star: $500 million wiped from Star on ASX

The value of Star Entertainment has plummeted on the ASX after $500 million dollars was slashed from the casino giant's worth as its shares were unfrozen

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Endeavour for new CEO as Donohue departs

Endeavour for new CEO as Donohue departs

The owner of Dan Murphy's has started searching for a new CEO following the announced departure of its current leader who will leave behind a slowing business.

Major supermarkets breached trust, Albanese says

Major supermarkets breached trust, Albanese says

It is "a breach of trust" for supermarkets to behave like this, Anthony Albanese says after Coles and Woolworths were criticised over "misleading" specials.

Aldi reigns supreme as more customers compare grocers

Aldi reigns supreme as more customers compare grocers

Aldi has prevailed in a second supermarket basket comparison, a process many customers are carrying out before their weekly shop.

Chips are down as Star posts huge loss, cashes in jobs

Chips are down as Star posts huge loss, cashes in jobs

Star Entertainment has written down the value of its three casinos by $1.4 billion as its new CEO plots a path to turn around the fortunes of the company.

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Treasurer's rare trade trip recipe for Chinese success

Treasurer's rare trade trip recipe for Chinese success

Treasurer's rare trade trip recipe for Chinese success

Treasurer's rare trade trip recipe for Chinese success

Jim Chalmers is using a two-day visit to China to boost trade ties, as the foreign minister moves to ease diplomatic tensions.

Shopping around could help lower grocery prices for all

Shopping around could help lower grocery prices for all

Shopping around could help lower grocery prices for all

Shopping around could help lower grocery prices for all

Aldi shoppers are paying significantly less than Coles or Woolworths customers but the biggest savers could be those shopping across all three.

No clear winner for Australia in US poll: former envoy

No clear winner for Australia in US poll: former envoy

No clear winner for Australia in US poll: former envoy

No clear winner for Australia in US poll: former envoy

Australian businesses could be hurt no matter who wins the US presidency, with flagged economic policies aimed at China potential threats, a former envoy says.

More borrowers falling behind but better days are ahead

More borrowers falling behind but better days are ahead

More borrowers falling behind but better days are ahead

More borrowers falling behind but better days are ahead

Some households are doing it tougher due to high inflation and interest rates but conditions are about to improve, a Reserve Bank of Australia report says.

Energy giant fined $14 million for misleading prices

Energy giant fined $14 million for misleading prices

Energy giant fined $14 million for misleading prices

Energy giant fined $14 million for misleading prices

EnergyAustralia has been heavily fined for making false, misleading or deceptive statements that may have prevented consumers from getting the best deal.

Rebound fears as energy help flicks switch on inflation

Rebound fears as energy help flicks switch on inflation

Rebound fears as energy help flicks switch on inflation

Rebound fears as energy help flicks switch on inflation

Federal energy bill relief has led to a drop in monthly inflation figures, but there are warnings the measures only caused an artificial reduction.

Smiggle demerger delayed to prioritise Myer deal

Smiggle demerger delayed to prioritise Myer deal

Smiggle demerger delayed to prioritise Myer deal

Smiggle demerger delayed to prioritise Myer deal

The planned demerger of Smiggle will take a back seat as owner Premier Investments considers selling brands including Jay Jays and Just Jeans to Myer.

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Vanguard hit with record fine over $1b 'ethical' fund

Vanguard has been hit with the largest fine imposed in Australia for greenwashing, as a court ordered it to pay $12.9 million for financial misconduct.

'Challenging': Kathmandu, Rip Curl owner takes hit

KMD Brands, the owner of retail stores Kathmandu and Rip Curl, has acknowledged a "challenging sales environment" after 11 per cent sales drop in 2023/24.

Notorious crash highway Qld's most despised road

Queensland's major arterial Bruce Highway, that's been the subject of much political debate, has been ranked as the Sunshine State's most hated road.

Don't put money on rates relief soon, borrowers warned

Mortgage-holders should not get their hopes up for near-term relief, says a hawkish Reserve Bank governor as the cash rate was again held at 4.35 per cent.

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'Get your act together': PM calls out supermarkets

Coles and Woolworths have been told to start acting in the interests of Australians after the consumer watchdog accused them of misleading customers.

'Unreasonable' coal taxes criticised by major miner

Queensland's mining industry is at risk because of the government's 'unpredictable' tax policies, Australia's largest coal producer says.

Nukes flayed as solar boost seized to spruik renewables

An increase in renewable energy capacity is being seized as evidence solar power is Australia's right way forward as the debate over nuclear plants heats up.

War of words over inflation as national debt dives

Australia lags behind western nations in tackling inflation, the shadow treasurer says, as the Reserve Bank mulls whether to lower interest rates.

Labor, expert lash 'crazy' call to step in over rates

Calls for Canberra to intervene with the Reserve Bank to lower interest rates to get financial reforms over the line have been rejected by Labor.

Renters still can't keep up, despite more supports

Despite an increase in government supports, low-income earners would still find themselves in rental stress across most of the country, a report has found.

Treasurer confident of firming up ties on China trip

Jim Chalmers will meet with economic counterparts in Beijing in the first visit by a federal treasurer to China in seven years.

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