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Latest news: Economy, Business and Finance
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.
Aug 14, 2024
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.
Aug 14, 2024
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.
Aug 14, 2024
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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.
Aug 14, 2024
'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.
Aug 13, 2024
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.
Aug 13, 2024
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.
Aug 13, 2024
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'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.
Aug 12, 2024
'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.
Aug 12, 2024
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.
Aug 12, 2024
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.
Aug 11, 2024
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.
Aug 10, 2024
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.
Aug 09, 2024
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 .
Aug 09, 2024
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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.
Aug 09, 2024
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.
Aug 09, 2024
Senator, insurer clash over cyclone 'price-gouging'
A major insurer has been accused of making big profits during natural diasters at an inquiry into the impacts of climate change on the insurance sector.
Aug 09, 2024
Property market picking up in smaller capital cities
REA Group's CEO says property listings in Melbourne and Sydney might marginally decline in 2024/25, but Brisbane, Adelaide and Perth are showing growth.
Aug 09, 2024
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QBE doubles half-year net profit to $US802 million
Insurance group QBE has announced an almost two-fold improvement in its first-half profit on higher premiums and favourable investment returns.
Aug 09, 2024
RBA governor pours cold water on talk of early rate cut
The central bank says inflation remains too high and warned it could hike again, keeping the spotlight on government efforts to fight inflation.
Aug 08, 2024
Transmission approval 'huge step' for region, farmers
A transmission project with farmers involved will connect a swathe of regional Australia to the electricity network after securing federal government approval.
Aug 08, 2024
AMP shares surge on 'transformational' advisor deal
The once-mighty financial services company AMP has announced a "transformational" joint venture for the loss-making advice division.
Aug 08, 2024
Property giant Mirvac warns of 'challenging' conditions
Mirvac is investing in build-to-rent apartments and industrial sites as it slashes the value of high-rise offices and warns of ongoing challenging conditions.
Aug 08, 2024
No plans to change state's public service WFH policy
Public servants in Queensland will maintain work-from-home arrangements after the premier quashed any changes to the flexible policy.
Aug 07, 2024
New battery crackdown after 50 blazes this year
E-bikes and e-scooters will have to meet new battery standards in coming months in one state, after a spate of difficult-to-contain fires.
Aug 07, 2024
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