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Latest news: Economy, Business and Finance

Struggle Street residents last to benefit from rate cut

Struggle Street residents last to benefit from rate cut

Rate relief has been delivered to Australian mortgage holders, yet the Reserve Bank governor says renters may have to wait a while longer to gain any benefit.

Hazy outlook fuels Reserve Bank caution on disinflation

Hazy outlook fuels Reserve Bank caution on disinflation

Hazy outlook fuels Reserve Bank caution on disinflation

Hazy outlook fuels Reserve Bank caution on disinflation

Caution has been urged over future cash rate changes as uncertainty looms large over global policy, the impacts of rate decisions and the labour market.

Australia's biggest super fund hit with massive fine

Australia's biggest super fund hit with massive fine

Australia's biggest super fund hit with massive fine

Australia's biggest super fund hit with massive fine

A federal court judge has fined AustralianSuper $27 million after it admitted to contravening the superannuation act over member's duplicate accounts.

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Government opposes push to slash penalty rates

Government opposes push to slash penalty rates

A stoush is brewing over Australia's lowest-paid workers as the federal government fights a proposal to wind back penalty rates.

Clean industry pitch to save town from job losses

Clean industry pitch to save town from job losses

Gravity energy storage in disused mine shafts and critical mineral development are part of a pitch to save a mining town set to lose a big source of employment.

Super funds to make their investment case in Trump's US

Super funds to make their investment case in Trump's US

A delegation of Australia's super funds is heading to the US to discuss investment opportunities at a summit where they are set to meet with Trump officials.

Taxpayers to the rescue of Aussie steel

Taxpayers to the rescue of Aussie steel

Safeguarding sovereign steel production is a key factor in a $2.4 billion government package to keep a major steelworks running while a new owner is found.

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Robust job data unlikely to spook Reserve Bank on rates

Robust job data unlikely to spook Reserve Bank on rates

Robust job data unlikely to spook Reserve Bank on rates

Robust job data unlikely to spook Reserve Bank on rates

Ongoing tightness in the labour market won't overly concern the Reserve Bank in its fight against inflation, says one economist after surprising jobs figures.

Fortescue profit slumps on weak iron ore prices

Fortescue profit slumps on weak iron ore prices

Fortescue profit slumps on weak iron ore prices

Fortescue profit slumps on weak iron ore prices

China's struggling property sector continues to weigh on big miners, with Fortescue profits down more than 50 per cent.

'More gaps, more drop-outs': rise in complaints post-3G

'More gaps, more drop-outs': rise in complaints post-3G

'More gaps, more drop-outs': rise in complaints post-3G

'More gaps, more drop-outs': rise in complaints post-3G

Telcos have been urged to do better in rural Australia, with continued reports of poor mobile service and new black spots after the 3G mobile network closed.

Customers tapping mad as watchdog warns on card charges

Customers tapping mad as watchdog warns on card charges

Customers tapping mad as watchdog warns on card charges

Customers tapping mad as watchdog warns on card charges

A huge number of complaints over common transactions has Australia's consumer watchdog warning businesses big and small to bide by the laws or risk a fine.

Death toll rises from disease linked with heavy rain

Death toll rises from disease linked with heavy rain

Death toll rises from disease linked with heavy rain

Death toll rises from disease linked with heavy rain

More people have died and others are suffering from a disease associated with heavy rain in a region lashed by floods and tipped to cop even more downpours.

Steelworks forced into administration to 'save' future

Steelworks forced into administration to 'save' future

Steelworks forced into administration to 'save' future

Steelworks forced into administration to 'save' future

South Australia has ended months of uncertainty over a critical steelworks by placing the plant into administration.

One rate dip won't cut it with voters who want action

One rate dip won't cut it with voters who want action

One rate dip won't cut it with voters who want action

One rate dip won't cut it with voters who want action

Most Australians blame big corporations and not government for the rising cost of living so a lone interest rate cut won't sway their vote, polling indicates.

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Wages slowdown boosts case for more rate cuts

Treasurer Jim Chalmers says ongoing growth in real wages is a good thing, but the RBA will be more encouraged that wage rises are showing signs of slowing.

New additive shows promise in taming cattle emissions

Backers of a new livestock feed additive say its breakthrough key ingredient provides a low-cost solution for reducing methane emissions from cattle.

What the interest rate cut means for renters

Renters are hoping landlords will try a little kindness and pass on the benefit of interest rate cuts, but experts warn they shouldn't hold their breath.

Polluter pays: Greens' enter fray on insurance costs

Forcing gas and coal firms to contribute to disaster resilience and the reinsurance pool is the latest suggestion from a political party to bring down premiums.

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Rates cut at last but 'no victory on inflation yet'

Australia's big four banks are already promising to pass interest rate cuts on in full after the Reserve Bank lowered the cash rate by 25 basis points.

Slight relief for borrowers after RBA slashes rates

The Reserve Bank's decision to cut interest rates by 25 basis points offers mortgage holders slight respite, but many are hoping for more substantial changes.

PM denies rate cut will impact election timing

Anthony Albanese remains coy on when Australians will head to the polls, after the Reserve Bank delivered cost-of-living relief for mortgage holders.

Tight jobs market to keep inflation above target: RBA

The Reserve Bank of Australia has pushed back its prediction for when underlying inflation will return to the midpoint of its target band.

Iconic fish market to hook visitors after cost blowout

A major milestone has been reached in the stalled plan to overhaul the Sydney Fish Market, with its "crowning glory" finished ahead of the November opening.

More flights on horizon as airline deal set to take off

Passengers could benefit from more choice and improved convenience as the consumer watchdog provides a green light for a Virgin-Qatar Airways alliance.

Climate risk main reason premiums are rising: insurers

Breaking up big companies is no silver bullet to keep insurance premiums affordable, the sector says.

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