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Latest news: Economy, Business and Finance

Regional housing market booms, outpacing capital cities

Regional housing market booms, outpacing capital cities

Buyers are turning to regional Australia for housing affordability, but little relief can be found in some of the fastest-growing areas outside the cities.

'Goliath won': Santos fends off greenwashing lawsuit

'Goliath won': Santos fends off greenwashing lawsuit

'Goliath won': Santos fends off greenwashing lawsuit

'Goliath won': Santos fends off greenwashing lawsuit

The defeat of a climate suit against Santos has disappointed activists but opened the public's eyes to how the resources giant developed its net-zero targets.

BHP copper pivot steps up but iron ore headwinds remain

BHP copper pivot steps up but iron ore headwinds remain

BHP copper pivot steps up but iron ore headwinds remain

BHP copper pivot steps up but iron ore headwinds remain

The world's biggest miner has broken operating records across multiple resources in the recent half as it continues to expand its exposure to a key base metal.

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Baby store refits delivers 'halo effect' for retailer

Baby store refits delivers 'halo effect' for retailer

Baby Bunting's nine revamped "stores of the future" are delivering the goods, helping the baby goods retailer grow overall same-store sales by 4.7 per cent.

AI digs deep into future of Australian farming sector

AI digs deep into future of Australian farming sector

Farmers are rapidly adopting autonomous machinery and artificial intelligence to boost efficiency, although the industry needs stronger backing to truly thrive.

'Too high': risk to economy forces RBA's hand on rates

'Too high': risk to economy forces RBA's hand on rates

Minutes from the Reserve Bank's latest meeting reveal the thinking behind its call to lift interest rates for the first in more than two years.

Steelmaker pledges dividend bonanza, but shares drop

Steelmaker pledges dividend bonanza, but shares drop

Weeks after rejecting a takeover bid, BlueScope Steel is promising to return more of its profit to shareholders after delivering a rise in first half earnings.

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Glass half full: Penfolds owner 'excited' despite loss

Glass half full: Penfolds owner 'excited' despite loss

Glass half full: Penfolds owner 'excited' despite loss

Glass half full: Penfolds owner 'excited' despite loss

Treasury Wine Estates has posted a bottom-line net loss, but is confident ongoing efforts to cut costs and maintain healthy sales channels will bear fruit.

Aussies splash cash on tech but prices tipped to rise

Aussies splash cash on tech but prices tipped to rise

Aussies splash cash on tech but prices tipped to rise

Aussies splash cash on tech but prices tipped to rise

Consumers are spending big on smartphones and games consoles despite a tight economy, JB Hi-Fi says, but the cost of some gadgets could rise.

Regional bank sees stronger loan growth on the horizon

Regional bank sees stronger loan growth on the horizon

Regional bank sees stronger loan growth on the horizon

Regional bank sees stronger loan growth on the horizon

A regional bank has earmarked money to deal with regulatory issues after reporting a dip in net cash earnings, partly driven by a fall in lending.

One tax still off the table as treasurer weighs reform

One tax still off the table as treasurer weighs reform

One tax still off the table as treasurer weighs reform

One tax still off the table as treasurer weighs reform

The International Monetary Fund report is calling for a hike in the GST and other tax changes, while praising the handling of Australia's economy.

Big businesses getting bigger amid two-speed recovery

Big businesses getting bigger amid two-speed recovery

Big businesses getting bigger amid two-speed recovery

Big businesses getting bigger amid two-speed recovery

Business credit growth implies Australia's economy is resilient, but insolvency numbers continue to remain high, and in some sectors are growing.

Ukraine delaying restart of oil pipeline: Slovakia

Ukraine delaying restart of oil pipeline: Slovakia

Ukraine delaying restart of oil pipeline: Slovakia

Ukraine delaying restart of oil pipeline: Slovakia

Ukraine has been accused of delaying the restart of a pipeline carrying Russian oil to eastern Europe.

RBA offers more rates call insight before jobs data

RBA offers more rates call insight before jobs data

RBA offers more rates call insight before jobs data

RBA offers more rates call insight before jobs data

Critical unemployment figures will give Australia's central bank a clearer picture on whether it will deliver a second interest rate hike in as many months.

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Work never ends for used car giant after $120m sale

A used car startup has netted its founder a nine-figure payday after selling his business to Toyota but it won't put the handbrake on his drive.

Positive signs of progress on elusive trade agreement

An elusive EU-Australia free trade agreement could soon be finalised, with Australia’s trade minister confident a deal is within reach.

Cochlear crashes in latest earnings season carnage

Hearing device manufacturer Cochlear has suffered a 19 per cent sell-off after posting weaker-than-expected half-year earnings and trimming its guidance.

Stamp price hike needed yet again, Australia Post says

The number of letters being posted is at its lowest level in nearly a century, sparking another call to ease Australia Post losses with pricier stamps.

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Furniture seller sets the table with revenue boost

Furniture retailer Nick Scali continues to grow, but its foray into the United Kingdom is still weighing on it bottom line.

Valentine's warning as AI fuels 'insidious' love scams

Criminals are feeding Australians' social media information into AI to create targeted romance scams ahead of Valentine's Day.

Bank business clients proving resilient, despite rates

One of the bright spots in Commonwealth Bank's interim results this week was its interactions with businesses, particularly in regional Australia.

Energy seller: network costs key factor in power bills

Origin Energy's bottom-line net profit for the half-year ended December 31 fell to $557 million, after revenue growth of nine per cent to $8 billion.

Shares in wealth manager plunge in earnings bloodbath

AMP shares have plummeted amid questions from analysts about why shareholders should watch their money being "torched" to fund the company's new digital bank.

RBA urges more high-rise amid home-building constraints

Builders are telling the Reserve Bank that it is 'very challenging' to get high-rise projects approved in NSW, but houses are at least becoming faster to build.

'Watch this space': Fortescue bullish on climate target

Battery-powered trains are part of Fortescue's plan to eliminate fossil fuels from its Pilbara iron ore operations as it aims to beat a decarbonisation target.

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