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Latest news: Finance

'For the birds': doubt ageing coal plants can go longer

'For the birds': doubt ageing coal plants can go longer

Coal stations are reaching their end of-life and need to be retired, the Climate Change Authority chair says, regardless of moves to keep them running longer.

Controversial gas project extension sparks legal action

Controversial gas project extension sparks legal action

Controversial gas project extension sparks legal action

Controversial gas project extension sparks legal action

Landmark legal challenges have been launched after the Commonwealth's controversial decision to green light a 40-year gas hub extension near ancient rock art.

'Very serious penalties' possible over Qantas data leak

'Very serious penalties' possible over Qantas data leak

'Very serious penalties' possible over Qantas data leak

'Very serious penalties' possible over Qantas data leak

After millions of Qantas customers had their data leaked online, the federal government has warned the airline could face serious penalties.

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'It's all over the place': Qantas customer data leaked

'It's all over the place': Qantas customer data leaked

Personal data of millions of Qantas customers has been published online after hackers made good on a ransom threat.

'Payday super' popular but could challenge small firms

'Payday super' popular but could challenge small firms

Legislation to align superannuation with payday has been broadly welcomed despite warnings some firms would face a cashflow crunch and compliance headaches.

Financial sector urged to shoot higher on climate risk

Financial sector urged to shoot higher on climate risk

The global financial sector has been urged to prevent further backsliding on climate and to stop funnelling money into new fossil fuels in an open letter.

Lovisa CEO denies misconduct allegations at Smiggle

Lovisa CEO denies misconduct allegations at Smiggle

Billionaire businessman Solomon Lew has made sensational allegations against the fired CEO of his back-to-school chain Smiggle, who is now the boss of Lovisa.

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Optus chief blames human error for triple-zero disaster

Optus chief blames human error for triple-zero disaster

Optus chief blames human error for triple-zero disaster

Optus chief blames human error for triple-zero disaster

A major Optus outage that left Australians without access to emergency services has been blamed on human error as its embattled CEO fights to keep his position.

Retirement finances not so super for Indigenous people

Retirement finances not so super for Indigenous people

Retirement finances not so super for Indigenous people

Retirement finances not so super for Indigenous people

Indigenous people are facing a retirement disadvantage, with 65 per cent dying before reaching the age to access age pensions or superannuation.

Dead letter day: post boss says the end is nearing

Dead letter day: post boss says the end is nearing

Dead letter day: post boss says the end is nearing

Dead letter day: post boss says the end is nearing

Australians are posting letters at dwindling rates not seen in almost a century, as Australia Post's boss says the days of snail mail are numbered.

Iron ore giant's profit falls, green energy vow stays

Iron ore giant's profit falls, green energy vow stays

Iron ore giant's profit falls, green energy vow stays

Iron ore giant's profit falls, green energy vow stays

One of Australia's biggest mining companies says it will continue to pursue green iron and renewable energy projects as iron ore revenues dip.

Biotech giant to slash 3000 jobs, spin-off vaccine arm

Biotech giant to slash 3000 jobs, spin-off vaccine arm

Biotech giant to slash 3000 jobs, spin-off vaccine arm

Biotech giant to slash 3000 jobs, spin-off vaccine arm

Pharmaceutical giant CSL has announced a major shake-up for its vaccination arm and for jobs as the company aims to cut costs.

iiNet hacked: customers' emails, phone numbers exposed

iiNet hacked: customers' emails, phone numbers exposed

iiNet hacked: customers' emails, phone numbers exposed

iiNet hacked: customers' emails, phone numbers exposed

Hundreds of thousands of Australians have had their email addresses or phone numbers exposed in a cyber attack on a major internet provider.

Steel boss complains about local gas market 'madness'

Steel boss complains about local gas market 'madness'

Steel boss complains about local gas market 'madness'

Steel boss complains about local gas market 'madness'

Australia must stop prioritising gas exports over domestic supply and introduce a permanent reserve and price mechanism for gas, a big steelmaker says.

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Liquid gas investment inflates Origin Energy's profit

Profits are up for Australia's largest energy company despite challenges from the price of coal, energy tariffs and power plant uncertainty.

Energy retailer profits slump, looks to renewables

An electricity and gas retailer has seen a mammoth hit to its profits after a drop in energy prices as the company turns its focus towards renewables.

'Struggling more than ever': Debt reaches six-year high

The number of Australians seeking help with debt has reached a record high as housing stress and utility costs weigh on budgets.

US trade deficit narrows amid drop in consumer imports

The US trade deficit narrowed in June on a sharp drop in consumer goods imports.

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Upward spending trend unlikely to shift needle on rates

Splurging shoppers are unlikely to dent the chances of an August interest rate cut, with consumer data tipped to deliver an upward spending trend.

Rio Tinto profits slip as prices weigh on performance

One of the world's biggest iron ore miners has posted its weakest first-half profit in years as lower global demand continues to drag on the commodity's price.

Families paying premiums for school catchment zones

Homes within sought-after school catchments are selling for millions of dollars, but data shows this does not always lead to stronger capital growth.

Faxes to apps: CommSec's 30 years of shaping investing

As Australia’s first online broker celebrates its 30th anniversary, one of its earliest customers reflects on how trading has changed for Australian investors.

Older Aussies back increased superannuation tax

A survey of older Australians has backed the federal government's push for increased tax on high balances.

Woodside activists vow to fight on despite jail terms

Two climate activists have been handed suspended prison terms for their "harmful" act of letting off stench gas at Woodside’s headquarters.

Australians warned to not jump the gun on tax return

The national tax office has warned Australians to be patient in lodging their tax returns as the financial year comes to an end.

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