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Latest news: Economy, Business and Finance

'Not sugar hits': cost-of-living package under fire

'Not sugar hits': cost-of-living package under fire

A state government launching a post-budget sell has come under fire over a cost of living package that critics say doesn't make a difference to families.

Death or divorce: owners could miss out on tax breaks

Death or divorce: owners could miss out on tax breaks

Death or divorce: owners could miss out on tax breaks

Death or divorce: owners could miss out on tax breaks

The federal government is being accused of a crucial oversight as it tries to ram its overhaul of taxes on investments through parliament.

Inflation lying in wait to strike another rate blow

Inflation lying in wait to strike another rate blow

Inflation lying in wait to strike another rate blow

Inflation lying in wait to strike another rate blow

Despite a fall in headline inflation, a larger-than-expected rise in the underlying figure leaves the door open to more Reserve Bank rate hikes.

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Cost-of-living crunch hits spending on baby goods

Cost-of-living crunch hits spending on baby goods

Rising interest rates and petrol prices led to parents buying fewer prams and car seats at Baby Bunting, pushing down its full-year earnings guidance.

Australia's car loan trap: industry warned to be 'fair'

Australia's car loan trap: industry warned to be 'fair'

The findings of a major report on car financing in Australia aren't pretty, leaving the industry body to make clear that customers must be treated fairly.

No-frills budget tips surprise surplus amid Games blitz

No-frills budget tips surprise surplus amid Games blitz

A pathway to surplus has been mapped out by a state government as it handed down a budget with cost of living relief while ramping up Olympic preparations.

Australian shares dip as slump in miners drags on

Australian shares dip as slump in miners drags on

Easing oil prices and stronger bank stocks have not been enough to lift the local bourse, as weak metals prices continue to weigh on the mining sector.

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Budget delivers more help for under-pressure families

Budget delivers more help for under-pressure families

Budget delivers more help for under-pressure families

Budget delivers more help for under-pressure families

Roads, schools, and hospitals are all set to benefit from the NSW budget as the government looks to provide cost-of-living relief to motorists and families.

Funding for DV services to tackle 'abominable' issue

Funding for DV services to tackle 'abominable' issue

Funding for DV services to tackle 'abominable' issue

Funding for DV services to tackle 'abominable' issue

Advocates of family violence prevention are grateful for a cash injection provided by a state budget, but stress it must continue for the system to stay afloat.

NSW's budget surplus dream could still face headwinds

NSW's budget surplus dream could still face headwinds

NSW's budget surplus dream could still face headwinds

NSW's budget surplus dream could still face headwinds

NSW remains on track to deliver a budget surplus in 2027/28 despite a hit to a key revenue driver due to high interest rates, the treasurer says.

'It will kill the brand': plea over brewery's closure

A brewery which has operated for almost 150 years will stop production in November but workers have made a last-ditch appeal for a change of direction.

Aussie shares edge lower as WiseTech leads IT sell-off

Aussie shares edge lower as WiseTech leads IT sell-off

Aussie shares edge lower as WiseTech leads IT sell-off

Aussie shares edge lower as WiseTech leads IT sell-off

Modest gains in financials, consumer discretionaries and industrials have softened the blow of an IT and health care stock sell-off in a weak start to the week.

Fuel costs to creep up as states back excise return

Fuel costs to creep up as states back excise return

Fuel costs to creep up as states back excise return

Fuel costs to creep up as states back excise return

Drivers will pay 16 cents a litre more for petrol and diesel from July as battles over taxes on fuel open up on multiple fronts.

Record cash splurge ahead of state's high-stakes budget

Record cash splurge ahead of state's high-stakes budget

Record cash splurge ahead of state's high-stakes budget

Record cash splurge ahead of state's high-stakes budget

A record building program looks set to collide with volatile coal royalties, weakening stamp duty and rising debt in a state government's high‑stakes budget.

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Supplier sees signs illegal tobacco crackdown hits mark

Metcash is shrugging off a fairly lacklustre trading year triggered by geopolitical uncertainty and cost-of-living pressures by reporting signs of a pick-up.

Shoe chain tells UK share predator offer is 'rejected'

The owner of some of Australia's best-known footwear store chains has rejected a zero-premium takeover offer from a British retailer.

Australian economy 'drifting' despite natural gifts

Weak productivity growth and stifling business conditions are preventing Australia from capitalising on its economic strengths, a think tank claims.

Premier threatens to name and shame energy retailers

Cost-of-living rhetoric is ramping up ahead of a state budget as leaders deliver warnings to energy companies.

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Oil and milk prices to spill the tea on inflation story

The Australian Bureau of Statistics will this week release inflation and employment figures for May and a senior Reserve Bank official will speak.

More fuel relief for motorists with halfway measure

Motorists will receive an extended discount on fuel but the savings will be lower as the government weighs budget costs against higher bowser prices.

More uncertainty for farmers as El Nino declared

Australian producers have been urged to game plan for a drier, warmer winter and spring, but not panic, following the declaration of an active El Nino.

Small business, payments system brace for payday super

Australia's superannuation payment system is set for a major shake-up but small businesses warn unnecessary penalties could mar the road ahead.

'Dubious honour': consultancy giants cop trust barb

A senator has been "gobsmacked" over the response by a former KPMG chief to a question over public trust of big consultancy firms at a federal inquiry.

Aussie shares scrape positive week despite mining rout

Rising global inflation has lifted the odds more central banks will have to hike interest rates, fomenting dark clouds over future earnings growth.

'Missed opportunity': tax findings land as talks go on

Labor, the coalition and Greens predictably differed on their assessment of the government's contentious tax changes in a lightning-speed parliamentary inquiry.

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