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Latest news: Economy, Business and Finance

Cashless community still needs access to notes, coins

Cashless community still needs access to notes, coins

Cash may no longer be king but those who want to use it to buy a coffee or store wealth should be able to do so, the nation's payments tsar says.

Owner distress as companies plunge into administration

Owner distress as companies plunge into administration

Owner distress as companies plunge into administration

Owner distress as companies plunge into administration

The head of Australia's corporate watchdog says in the past financial year a record number of businesses have been placed into administration.

Building costs in the frame for ongoing housing crisis

Building costs in the frame for ongoing housing crisis

Building costs in the frame for ongoing housing crisis

Building costs in the frame for ongoing housing crisis

The Reserve Bank says it is closely monitoring the housing shortage, but dismisses reports a construction union is to blame for escalating costs.

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Cost question remains after Qld deal with Rio Tinto

Cost question remains after Qld deal with Rio Tinto

The Queensland government has struck a deal with mining giant Rio Tinto to keep a major aluminium smelter open but the question of cost remains.

More gas diverts clean energy investment, critics warn

More gas diverts clean energy investment, critics warn

Critics slam an inquiry's claim that Western Australia will need new sources of gas to meet domestic requirements for decades, even as the state decarbonises.

Mixed jobs data gives RBA more food for thought

Mixed jobs data gives RBA more food for thought

Record jobs participation will keep the Reserve Bank wary of cutting rates, despite unemployment rising in July to the highest level since November 2021.

Telstra open to Foxtel Group sale, profit drops 12.8%

Telstra open to Foxtel Group sale, profit drops 12.8%

Telstra CEO Vicki Brady has cautioned that News Corp's decision making around selling Foxtel, of which the telco owns 35 per cent, was in its early stages.

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Origin Energy eyes gas imports, longer life for Eraring

Origin Energy eyes gas imports, longer life for Eraring

Origin Energy eyes gas imports, longer life for Eraring

Origin Energy eyes gas imports, longer life for Eraring

Electricity and gas giant Origin Energy warns Australia will need to import gas to meet domestic demand and taxpayers may have to pay to burn coal for longer.

Australian tourist numbers back to pre-pandemic levels

Australian tourist numbers back to pre-pandemic levels

Australian tourist numbers back to pre-pandemic levels

Australian tourist numbers back to pre-pandemic levels

The number of Australians returning from holidays has rebounded to levels not seen since the COVID-19 pandemic.

Wear and tear keeps rents lower over time: report

Wear and tear keeps rents lower over time: report

Wear and tear keeps rents lower over time: report

Wear and tear keeps rents lower over time: report

Properties tend to command a lower rent as they age and new homes with modern features come online, a leading economic think tank says.

Profits plummet at Kerry Stokes' Seven West Media

Profits plummet at Kerry Stokes' Seven West Media

Profits plummet at Kerry Stokes' Seven West Media

Profits plummet at Kerry Stokes' Seven West Media

As Seven West Media contends with allegations of a toxic workplace culture at its television network, profits plunge 69 per cent to $45 million.

Shareholders still cash in as CBA profit slips to $9.5b

Shareholders still cash in as CBA profit slips to $9.5b

Shareholders still cash in as CBA profit slips to $9.5b

Shareholders still cash in as CBA profit slips to $9.5b

Commonwealth Bank's net profit after tax was down six per cent to $9.5 billion in 2023/24 but Australia's biggest bank is increasing its dividend.

Transition 'well under way' as AGL rejects nuclear push

Transition 'well under way' as AGL rejects nuclear push

Transition 'well under way' as AGL rejects nuclear push

Transition 'well under way' as AGL rejects nuclear push

Energy giant AGL has posted a stellar profit on higher power prices, taking the lead in the transition and dismissing nuclear as too costly and too late.

'Four for four': Chalmers celebrates wages growth

'Four for four': Chalmers celebrates wages growth

'Four for four': Chalmers celebrates wages growth

'Four for four': Chalmers celebrates wages growth

Workers are still experiencing stronger wage growth than pre-pandemic but average pay rises have peaked and are expected to keep moderating.

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Skip shops, slap: pokies to escape Anzac Day trade ban

Australia's pokies capital is unlikely to ban people playing on Anzac Day despite a wagon being hitched to a plan to limit retail trade on April 25.

Broadband speed boosts slow NBN Co's path to profit

More copper connections have been replaced with faster fibre over the past year, NBN Co has revealed, but the broadband boost proved expensive.

'Clock is ticking': regions need a say in clean energy

Regional communities need better engagement on the clean energy transition to drive change, as fear and misinformation 'run riot', a new report shows.

'Too many cooks': NSW avoids Rex bailout discussions

As embattled regional airline Rex works on a bailout package with the federal government, its home state is not getting involved in the financial talks.

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CFMEU crackdown laws lodged as calls mount to go harder

CFMEU officials who attempt to disrupt the work of external administrators have been threatened with heavy penalties, but not everybody is happy with the laws.

No reset for Greens, Labor deadlock over housing crisis

Greens housing spokesman Max Chandler-Mather has urged the new housing minister Clare O’Neil to do more to fix the housing crisis.

Wages, job data in focus for clues on economy, rates

New data on wage growth and demand for workers will be in focus this week, as borrowers await clues on when the central bank might cut interest rates.

Aussies join fight to clean up world's 'dirty' ships

The outlook for green methanol to replace emissions-dirty shipping fuel is bright, as the inking of a new multi-billion dollar deal in Australia shows.

Asset sale launched as administrators try to save Rex

An asset sale program has been launched at troubled regional airline Rex in a desperate bid to keen the heavily indebted carrier flying .

Buyers hover as administrators plot course to save Rex

Embattled Rex has received significant interest from potential buyers, administrators say, as the regional carrier battles to stay in the air.

News Corp flags potential Foxtel buyer, rise in revenue

Foxtel could change hands with owner News Corp revealing a potential suitor for the pay-TV operator along with a rise in revenue for the American conglomerate.

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