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Latest news: Economy, Business and Finance

Labor's jobs plan not at odds with RBA, says treasurer

Labor's jobs plan not at odds with RBA, says treasurer

Treasurer Jim Chalmers says his ambition for full employment is not in conflict with the RBA's endeavours to reduce inflation.

High fuel prices to flow through to inflation print

High fuel prices to flow through to inflation print

High fuel prices to flow through to inflation print

High fuel prices to flow through to inflation print

The monthly reading of consumer prices is expected to move up a little to reflect higher prices at the pump, potentially complicating efforts to curb inflation.

Labor mulls options to bolster fire-fighting ranks

Labor mulls options to bolster fire-fighting ranks

Labor mulls options to bolster fire-fighting ranks

Labor mulls options to bolster fire-fighting ranks

The federal government is considering a range of creative options to ensure Australia has the personnel it needs to fight worsening bushfires.

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Big users bankroll new power to offset carbon footprint

Big users bankroll new power to offset carbon footprint

Mining companies are among big energy users bankrolling wind farms and other renewable energy projects to offset carbon emissions.

Tony Abbott nominated to Fox Corp board of directors

Tony Abbott nominated to Fox Corp board of directors

Tony Abbott has been nominated to sit on Fox Corporation's board of directors, a day after media mogul Rupert Murdoch's retirement plans were unveiled.

Smashing barriers key to Labor's full employment vision

Smashing barriers key to Labor's full employment vision

The federal government wants to get as many people in the workforce as possible by dismantling any hurdles holding them back.

Comm Bank defends deposit fee hike for businesses

Comm Bank defends deposit fee hike for businesses

Small businesses will soon be hit with additional charges if they choose to make cash deposits at the Commonwealth Bank.

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Rex cuts flights, blaming rivals 'pillaging' pilots

Rex cuts flights, blaming rivals 'pillaging' pilots

Rex cuts flights, blaming rivals 'pillaging' pilots

Rex cuts flights, blaming rivals 'pillaging' pilots

Regional carrier Rex Airlines is blaming Qantas and other competitors for "pillaging" pilots as it further reduces flights between country towns and the cities.

From dictator to trailblazer, MPs react to Murdoch move

From dictator to trailblazer, MPs react to Murdoch move

From dictator to trailblazer, MPs react to Murdoch move

From dictator to trailblazer, MPs react to Murdoch move

Politicians, many of whom have been in the firing line of Rupert Murdoch's media empire, have given mixed reactions to news of his retirement.

Parmis in peril as chicken workers strike at Inghams

Parmis in peril as chicken workers strike at Inghams

Parmis in peril as chicken workers strike at Inghams

Parmis in peril as chicken workers strike at Inghams

Workers demanding more pay have walked off the job at a major poultry producer, potentially limiting the supply of chickens at brands like McDonald's and KFC.

Federal budget back in black for first time in 15 years

Federal budget back in black for first time in 15 years

Federal budget back in black for first time in 15 years

Federal budget back in black for first time in 15 years

The Labor federal government has smashed its earlier forecasts for a budget surplus, although the treasurer says deficits are expected in coming years.

RBA governor could chair two boards under restructure

RBA governor could chair two boards under restructure

RBA governor could chair two boards under restructure

RBA governor could chair two boards under restructure

Treasurer Jim Chalmers says there are still a handful of issues the Reserve Bank and the government are working through from the review into the central bank.

Rupert Murdoch steps down as News Corp, Fox Corp boss

Rupert Murdoch steps down as News Corp, Fox Corp boss

Rupert Murdoch steps down as News Corp, Fox Corp boss

Rupert Murdoch steps down as News Corp, Fox Corp boss

Rupert Murdoch is stepping down as leader of both Fox’s parent company and his News Corp media holdings

Rent hikes send household spending through the roof

Rent hikes send household spending through the roof

Rent hikes send household spending through the roof

Rent hikes send household spending through the roof

Renters hit with substantial price hikes are having to find room in their budgets by spending less on essentials as well as discretionary goods.

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Emerging 'green premiums' for Aussie critical minerals

Seed money from Australia's green bank often goes to solar and wind farms but mining is recognised as having a "crucial" role in efforts to decarbonise.

Frydenberg puts political return on hold for boardroom

A parliamentary comeback at the next election is off the table for Josh Frydenberg as he takes on the role of Goldman Sachs Australia and New Zealand chairman.

Bank closures 'sad and frustrating' for rural towns

Junee fought back when the Commonwealth Bank prepared to close the only bank in the NSW Riverina town, an inquiry has been told.

US Federal Reserve leaves interest rates unchanged

The US central bank has left its key interest rate unchanged for the second time in its past three meetings but signalled rates could be raised again this year.

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Call to snuff out 'dead end' coal, hit net zero by 2040

Australia is lagging frontrunners on ending coal and must join big economies in accelerating efforts to get to net zero emissions, a global scorecard shows.

Recipe for change as dry spell may eat into food prices

The declaration of an El Nino event alongside a second driver of dry weather could prove to be another spanner in the works in the fight against inflation.

Lithium producer 'almost died' before leading the pack

Mining bosses have been warned to expect more scrutiny from regulators and investors as the critical minerals sector rides out a "tumultuous" period.

Banks push back on mandates to stay in rural Australia

Increasing branch closures across rural Australia have raised the possibility of forcing banks to operate a minimum number of country outlets.

Australia's triple-A credit rating reaffirmed

S&P Global Ratings has again given Australia a triple-A credit rating, which the government says is due to responsible budget management.

Heatwave, bushfires wreak havoc as threat moves north

Bushfires are burning across a number of states as a heatwave is forecast to move into Queensland and the Northern Territory, sparking a wave of warnings.

Treasurer to take fresh look at Future Fund

Australia's sovereign wealth fund could be in for a shake-up, including new personnel, as the Labor government continues its renewal of institutions.

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