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Latest news: Economy, Business and Finance

Greens refine demands on $10 billion housing fund

Greens refine demands on $10 billion housing fund

Negotiations continue over the federal housing fund with the Greens urging Labor to meet them halfway to secure the party's support.

Housing affordability, access, top concerns amid crisis

Housing affordability, access, top concerns amid crisis

Housing affordability, access, top concerns amid crisis

Housing affordability, access, top concerns amid crisis

Gaining access to adequate housing has become harder in most states and territories, with the exception of Victoria.

Labor, Greens fail to break stalemate on housing fund

Labor, Greens fail to break stalemate on housing fund

Labor, Greens fail to break stalemate on housing fund

Labor, Greens fail to break stalemate on housing fund

A deal is yet to be brokered on the contentious housing future fund, which will unlock finance for public housing, ahead of the upcoming sitting fortnight.

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Carbon storage dump for global exhaust supports new gas

Carbon storage dump for global exhaust supports new gas

Carbon-constrained gas firms will trap and store emissions to support new fields, with regulatory support from federal Labor and a carbon credit revenue stream.

Rate outlook 'could trigger another property downturn'

Rate outlook 'could trigger another property downturn'

Interest rate rise number 12, and the possibility of more to come, could take some heat out of the rebounding property market.

Higher rates to create 'pockets of distress' for SMEs

Higher rates to create 'pockets of distress' for SMEs

Judo Bank's chief risk officer says that higher interest rates will create hardship for small and midsized businesses in the consumer discretionary space.

Electric vehicles sparking a new range of auto workers

Electric vehicles sparking a new range of auto workers

The first electric vehicle training centre in Adelaide will service the growing number of EVs on Australian roads.

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ACT bans new gas connections, but BBQs have green light

ACT bans new gas connections, but BBQs have green light

ACT bans new gas connections, but BBQs have green light

ACT bans new gas connections, but BBQs have green light

Canberra is on track to be a zero-carbon city with a ban on new gas connections, but barbecues fired by bottled gas are still allowed under the new ACT law.

Farmers want wriggle room on asset write-off deadline

Farmers want wriggle room on asset write-off deadline

Farmers want wriggle room on asset write-off deadline

Farmers want wriggle room on asset write-off deadline

The federal government has declined a request by farmers for a grace period to extend the tax write-off deadline for receiving newly purchased assets.

Drivers face pump pain as profits fuel inflation debate

Drivers face pump pain as profits fuel inflation debate

Drivers face pump pain as profits fuel inflation debate

Drivers face pump pain as profits fuel inflation debate

Motorists are being urged to shop around before the three-day weekend as international research suggests company profits are pushing up inflation.

A quarter of homes are bought mortgage-free

A quarter of homes are bought mortgage-free

A quarter of homes are bought mortgage-free

A quarter of homes are bought mortgage-free

The value of homes bought with cash is trending up, with the bulk of purchases made by older Australians moving to the regions to retire.

NRL great joins race for carbon-free commercial flight

NRL great joins race for carbon-free commercial flight

NRL great joins race for carbon-free commercial flight

NRL great joins race for carbon-free commercial flight

Johnathan Thurston's Skytrans aims to make Australia's first emissions-free commercial flight through a new aviation and green hydrogen alliance.

New SA trade office in US to grow defence opportunities

New SA trade office in US to grow defence opportunities

New SA trade office in US to grow defence opportunities

New SA trade office in US to grow defence opportunities

South Australia is hoping to grow defence and other trade opportunities with the United States with the opening of an office in Washington.

Macquarie Bank not so green with billions dipped in oil

Macquarie Bank not so green with billions dipped in oil

Macquarie Bank not so green with billions dipped in oil

Macquarie Bank not so green with billions dipped in oil

To align investments with global climate promises, Macquarie Group will need to increase green investments and dump billions staked on new oil and gas.

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Australia's economy losing steam as pressures mount

Australia's economic performance is starting to wane as aggressive interest rate increases continue to bite.

Climate change risk added to banking watchdog's beat

For the first time, Australia's prudential regulator must consider climate risks as part of its work to keep banks, insurers and superannuation funds strong.

Jenny Craig to cease trading, employees made redundant

Administrators have been unable to find a buyer for Jenny Craig's physical stores and employees of the Australian and New Zealand business.

Contentious Australia-first rent bidding revamp shelved

A new advocate for renters will get pricing powers more quickly after the NSW government parked a proposal to end secret rent bidding.

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Treasurer heads to New Zealand for economic talks

Treasurer Jim Chalmers is travelling to New Zealand to meet with key officials as the two countries mark 40 years of their trade pact.

Australia to scrap cheque payments within seven years

Cheques are set to be replaced with digital payment alternatives under a new Commonwealth plan, but cash will remain a valid transaction option.

Treasurer maintains growth view despite fresh rate hike

A recession is still unlikely, the treasurer asserts despite fears the Reserve Bank's aggressive interest rate hikes could tip the economy over the edge.

First gas milestone for stage two Gorgon mega project

The Gorgon project operated by Chevron Australia off the north-west coast of Western Australia has produced its first gas from a five-year expansion project.

New blow for home owners as interest rates rise again

The battle against inflation is not over yet as the Reserve Bank board hikes again and takes the cash rate to its highest level since April 2012.

Veterans' homelessness to cost billions if unaddressed

Veterans' homelessness could cost the Australian economy up to $4.6 billion in the next 30 years if left unaddressed, a new report has found.

Pokie numbers cut amid ongoing gambling health concerns

Fewer poker machines are allowed in the NT with the government again lowering the maximum in community venues over their risk to public health.

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