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The Latest News from economy, business and finance

Australian dollar set to rise into 2025, experts say

Australian dollar set to rise into 2025, experts say

With the US Federal Reserve now seen as likely to aggressively cut interest rates in 2024, the Australian dollar could reach 70 US cents.

BHP suspending WA nickel operations amid global glut

BHP suspending WA nickel operations amid global glut

BHP suspending WA nickel operations amid global glut

BHP suspending WA nickel operations amid global glut

Nickel operations across WA are being suspended by mining giant BHP due to an oversupply and plummeting prices for the mineral.

Echoes of pandemic as freight woes lift consumer prices

Echoes of pandemic as freight woes lift consumer prices

Echoes of pandemic as freight woes lift consumer prices

Echoes of pandemic as freight woes lift consumer prices

Australians could be forced to spend more on items ranging from confectionery to luxury items and medical goods as a result of global shipping issues.

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Victorians bear more cost blowouts to public projects

Victorians bear more cost blowouts to public projects

More than 100 Victorian building projects faced cost blowouts after the state government updated its guide to address the risk of price increases.

Cheaper materials take edge off home-building costs

Cheaper materials take edge off home-building costs

Residential construction costs have finally stabilised after a prolonged period of strong price growth put pressure on the industry.

Truckie shortage 'crisis' to hurt strained supply chain

Truckie shortage 'crisis' to hurt strained supply chain

There aren't enough truckies to keep up with Australian demand and a leading transport group is warning that could put the nation's entire supply chain at risk.

Smart meters to keep the lights on, one home at a time

Smart meters to keep the lights on, one home at a time

Some $50 million for the latest home energy tech aims to help consumers save money by controlling car charging, solar panels, batteries, hot water and aircon.

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Gas before nuclear 'thought bubble' as coal reign ends

Gas before nuclear 'thought bubble' as coal reign ends

Gas before nuclear 'thought bubble' as coal reign ends

Gas before nuclear 'thought bubble' as coal reign ends

Gas will keep the lights on in Australia's most populous state, the NSW energy minister says, while dismissing a proposed nuclear power option.

Pacific banking bolstered with federal $6 million boost

Pacific banking bolstered with federal $6 million boost

Pacific banking bolstered with federal $6 million boost

Pacific banking bolstered with federal $6 million boost

Banking services in Pacific nations will be strengthened with $6.3 million from the federal government, as Australian financial services are urged to stay.

Home lending slips but still well ahead over the year

Home lending slips but still well ahead over the year

Home lending slips but still well ahead over the year

Home lending slips but still well ahead over the year

Both owner-occupier and investor lending slid in May after three months of growth, yet the total value of loans is holding up as property prices rise.

Forum seeks fix for Pacific's sinking banking services

Forum seeks fix for Pacific's sinking banking services

Forum seeks fix for Pacific's sinking banking services

Forum seeks fix for Pacific's sinking banking services

The driving forces behind banking services cuts in the Pacific and how to prevent a mass exodus is being investigated at an inaugural forum in Brisbane.

Tax cuts, rates chatter to play into consumer sentiment

Tax cuts, rates chatter to play into consumer sentiment

Tax cuts, rates chatter to play into consumer sentiment

Tax cuts, rates chatter to play into consumer sentiment

Consumer and business confidence surveys are due out this week and are likely to show ongoing weakness to reflect a waning economy.

'Wake-up call': watchdog reignites gas supply warning

'Wake-up call': watchdog reignites gas supply warning

'Wake-up call': watchdog reignites gas supply warning

'Wake-up call': watchdog reignites gas supply warning

Australia's domestic gas market may run into shortfalls as soon as 2027, a year earlier than the competition regulator's last estimate.

Adeang: China support can 'transform' Nauru

Adeang: China support can 'transform' Nauru

Adeang: China support can 'transform' Nauru

Adeang: China support can 'transform' Nauru

Australia's offshore detention centre has not blunted Nauru's reputation, president David Adeang says.

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Renter relief finally hits with more cooling in sight

After months of fast-rising rents, momentum is starting to tip in favour of tenants as more homes become available.

'Deep flaws' in ASIC enforcement prompt calls for split

A bloated remit and chronic under-resourcing at Australia's corporate watchdog have been canvassed in a scathing parliamentary report.

Shoppers still spending but only if a sign says 'sale'

Shoppers have rushed to snap up heavily discounted goods, helping buoy retail sales which were trending weaker as higher interest rates weigh on households.

Aust, NZ fund Solomons airfield in development race

Solomon Islands Prime Minister Jeremiah Manele has welcomed a $55 million investment in Seghe Airfield that could unlock the region's tourism potential.

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'No smoking gun' to hike rates though prices risks lurk

The path to beat inflation without tanking the economy is getting narrower, the Reserve Bank of Australia confirmed in minutes from its last meeting.

ANZ named and shamed for charging dead clients

The ANZ bank has been publicly named and shamed for charging fees to dead clients and ignoring requests for information from their representatives.

Sites for hundreds of homes teased out after land audit

The NSW government has identified 44 sites for new housing, revealing the first four, with billions to fund the supply of more dwellings amid a crisis.

More cracks in labour market as fewer job ads posted

The number of job ads posted each month is tapering off in a sign of a labour market weakening from a strong starting point.

Albanese links new energy plan to cost-of-living crisis

Cost-of-living support in the form of tax cuts and higher pay for minimum-wage workers are among changes to come into effect in the new financial year.

All eyes on retail sales as rates pressure builds

Consumers have been reluctant to open their wallets under tough financial conditions and that trend is expected to continue.

Is corporate Australia leaving Asian-Aussies behind?

Just three per cent of senior management positions in Australian businesses are held by Asian-Australians, prompting calls for a greater focus on diversity.

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