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Latest news: Economy, Business and Finance

Aussie shares rally for best day in three weeks

Aussie shares rally for best day in three weeks

The Australian share market's benchmark index climbed 1.4 per cent, propelled in part by strong gains by goldminers as the precious metal rose.

New KPMG chair slagged off Labor senator in email

New KPMG chair slagged off Labor senator in email

New KPMG chair slagged off Labor senator in email

New KPMG chair slagged off Labor senator in email

A parliamentary committee has released an email by newly appointed KPMG chairman Michael Ebeid in which he criticised Labor's Deborah O'Neill.

Jackpot! Aussie poker machine maker gets tariff refund

Jackpot! Aussie poker machine maker gets tariff refund

Jackpot! Aussie poker machine maker gets tariff refund

Jackpot! Aussie poker machine maker gets tariff refund

An Aussie supplier of gaming machines and software for casinos and clubs won a refund on tariffs its US arm paid after Trump's Liberation Day announcement.

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Banks give Aussie shares a bounce to end run of losses

Banks give Aussie shares a bounce to end run of losses

Boosted by the banking sector, the Australian share market's main index has overcome its morning losses to finish the day flat.

Cities cannot outrun hotter climates with air-con alone

Cities cannot outrun hotter climates with air-con alone

Mechanical cooling should be treated as the last line of defence against climate change, not the first, says an urban heat expert following European heatwaves.

Struggling shoe retailer to close most remaining stores

Struggling shoe retailer to close most remaining stores

Citing a shift to online shopping and a response to declining foot traffic, Betts will close 20 of its 35 remaining physical stores.

Aussies face 'poverty premiums' on insurance payments

Aussies face 'poverty premiums' on insurance payments

At a time when households face higher insurance premiums across the board, the industry is being warned not to penalise customers paying monthly or quarterly.

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Warning 'dire combination' poses regional food crunch

Warning 'dire combination' poses regional food crunch

Warning 'dire combination' poses regional food crunch

Warning 'dire combination' poses regional food crunch

Australia is ill-prepared for a possible regional food crisis as El Nino, climate change and higher farming inputs collide, a former defence chiefs say.

Watchdog backed in landmark rejection of regional Coles

Watchdog backed in landmark rejection of regional Coles

Watchdog backed in landmark rejection of regional Coles

Watchdog backed in landmark rejection of regional Coles

A key business group in a mining town with six supermarkets has thrown its support behind a decision to block Coles from opening a new store.

Rocky year in shares as miners dig market out of a hole

Rocky year in shares as miners dig market out of a hole

Rocky year in shares as miners dig market out of a hole

Rocky year in shares as miners dig market out of a hole

The Australian Securities Exchange underperformed its international peers by a long shot in the past year, but some sectors still delivered strong gains.

Freefall: home prices notch biggest drop in years

Freefall: home prices notch biggest drop in years

Freefall: home prices notch biggest drop in years

Freefall: home prices notch biggest drop in years

Australia's housing market is undergoing a broad-based downturn with interest rate rises and affordability pressures denting investor confidence.

Trump reports more than $2 billion income from crypto

Trump reports more than $2 billion income from crypto

Trump reports more than $2 billion income from crypto

Trump reports more than $2 billion income from crypto

Donald Trump's financial disclosures ‌for ⁠2025 provide new insights into the scale of the president's profits from his family's foray into cryptocurrencies.

Rex misled with sky-high claims before $31.7m crash

Rex misled with sky-high claims before $31.7m crash

Rex misled with sky-high claims before $31.7m crash

Rex misled with sky-high claims before $31.7m crash

A cash-strapped carrier which boasted it would deliver profits before turning a large loss has had another setback with a judge finding it misled the market.

Aussie shares fall as gold drops to eight-month low

Aussie shares fall as gold drops to eight-month low

Aussie shares fall as gold drops to eight-month low

Aussie shares fall as gold drops to eight-month low

The main stock exchange index slipped 0.5 per cent, after gold stocks dropped sharply as the price of the metal fell to its lowest level since November.

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Fuel pinch arrives sooner for some as discount halved

Motorists feeling the cost crunch are encouraged to fill up tanks before the fuel excise discount is halved, with one cohort likely to feel its impact first.

Rise of industry funds: shake-up ahead for Aussie super

Consultation group Deloitte has published a report on the future of Australia's superannuation sector, predicting mergers and strong growth for industry funds.

Fried chicken fix spices up job creation, opening hours

Australia's KFC operator is close to finishing offloading its Taco Bell chain to focus on fried chicken, with the promise of more jobs for young people.

Amazon could pay viewers back for 'unfair' ad changes

Amazon could be forced to repay Prime subscribers following a lawsuit brought by the consumer watchdog alleging it used unfair contract terms to introduce ads.

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Crims on notice as money-laundering laws take effect

Workers will receive more tax cuts, small businesses are getting a leg up and laws targeting financial criminals take effect in the new financial year.

'Stealth tax' hitting students on debt already paid

A "sneaky student tax", broken funding model and day-to-day costs swelling faster than inflation have led to a costs-of-studying crisis, advocates say.

Super platforms warned, again, to protect client funds

A regulator is on the warpath after a review of superannuation platform trustees came up short for the second time, potentially leaving clients exposed.

Pledge to fix 'widow's tax' on investment properties

Concerns about how a tax hike on investments will impact couples in the event of death and divorce will be addressed, Labor says.

Home price data another window into tax change fallout

Property market data will soon be released after the Reserve Bank unveils a readout from its latest interest rate-setting board meeting.

Vanuatu PM to visit as major bilateral deal awaits

Vanuatu's Prime Minister Jotham Napat will visit Canberra ahead of a $500 million partnership deal expected between the two countries.

Under-fire firm still has ethics, leadership contracts

Having been hauled over the coals by a parliamentary committee, KPMG is again facing scrutiny regarding its suitability to run government training programs.

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