Real estate loses ground on RBA minutes
Real estate investors have taken a backwards step on the sector Tuesday, as the Reserve Bank minutes show the cash rate could be hiked again.
Breaking News
Grim sign fresh rate hike coming
The Reserve Bank has released the minutes from its June board meeting where it considered another rate hike. The discussion shows some storm clouds for homeowners.
‘Sad event’: Aussie airline is officially over
An Australian airline that only launched in January 2023 is officially dead and dusted, with creditors making a final decision on its future on Tuesday.
Aussie sharemarket falls on tech losses
Most sectors took a hit in trading Monday, with resources gains not enough to offset tech losses.
Call for rogue senator to repeat act
The Nationals leader has called on a rogue Labor senator to cross the floor again to support her constituents – and Palestine.
Qatar eyes deal with Virgin Australia
After having its bid for more flights blocked, a major international airline is in talks for a stake in Virgin Australia, in a move that could lower ticket prices.
‘Stunning reversal’ needed to stop rate hike
A higher-than-expected inflation rate of 4 per cent for May has raised expectations the Reserve Bank will have to raise rates at its next meeting.
‘Stunning reversal’ needed to stop rate hike
A higher-than-expected inflation rate of 4 per cent for May has raised expectations the Reserve Bank will have to raise rates at its next meeting.
Myer’s surprise move to shake up business
Under the proposed deal, Myer would acquire Premier’s Apparel Brands including Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti.
Bold move to bring down grocery prices
Federal Treasurer Jim Chalmers says increasing competition among supermarket giants is key to placing “downward pressure on prices”.
ASX flatlines as Guzman y Gomez debuts
In the biggest float in three years, the burrito merchant had a stunning performance on its first day on the ASX.
Cold snap, outages trigger gas threat
Users across Australia’s east coast states risk facing a gas supply shortage, as a cold snap bites, the energy market operator has warned.
1000 jobs cut in huge mine closure
One of Australia’s largest mining outfits has announced it will close a large-scale iron ore operation after it was found to be “not financially viable”.
Price twist in Palmer-backed ‘freedom’ tour
A “freedom” tour backed by mining magnate Clive Palmer and a controversial US commentator has cut ticket prices after appearing to struggle to get bums on seats.
ASX climbs as RBA maintains rate hold
Snapping a two-day losing streak, the sharemarket rallied on Tuesday, propelled by financial and utilities stocks.
‘Need a lot to go our way’: RBA rate warning
Recent spending in state and federal budgets could impact demand, putting more pressure on inflation, the Reserve Bank has warned.
Hidden $1.9bn cost in common act
The “complex and opaque” charges have added to calls for greater transparency by the Reserve Bank.
ASX slides on tepid Chinese data
Shares got off to a poor start on Monday, with weak Chinese economic data adding further uncertainty to already cautious investors.
ASX snaps losing streak on US CPI surprise
Australian investors have reacted positively to better-than-expected US inflation data, with new hopes the Federal Reserve could cut rates soon.
Hidden detail in strong job figures
Even as last week’s GDP figures revealed the economy barely grew through the start of 2024, Australia’s jobs market remains red hot.
ASX extends losses as US rate decision looms
Ahead of the US Fed’s meeting on rates, the Australian share market has recorded a loss for the second day in a row.
‘Open and honest’: Call for PwC to come clean
The long awaited report into PwC’s tax leaks scandal has been released, demanding the embattled consulting firm name those involved.
‘Open and honest’: Call for PwC to come clean
The long awaited report into PwC’s tax leaks scandal has been released, demanding the embattled consulting firm name those involved.
Grim call on rate cuts in Australia
Freshly minted RBA deputy governor Andrew Hausen has said Australia’s central bank won’t be swayed by rate cuts in Europe and Canada.
ASX tumbles ahead of Fed call
The share market shedded 1.3 per cent as investors awaited the Federal Reserve’s much anticipated meeting on Thursday for a signal on its interest rate path.
Urgent recall on luxury car range
The luxury car models are at risk of overheating and setting alight, the recall notice claims.
One Bonza plane takes flight
Bonza plane “Bruce” has flown out from the Sunshine Coast for Honolulu, leaving the futures of Shazza, Malc, Sheila and Bazza uncertain.
One Bonza plane takes flight
Bonza plane “Bruce” has flown out from the Sunshine Coast for Honolulu, leaving the futures of Shazza, Malc, Sheila and Bazza uncertain.
One thing propping up Aussie economy
As the Commonwealth Bank boss announced a profit slide, he said one thing was providing a “tailwind” for the Australian economy.
Bondi massacre survivor reunited with saviour
A woman who survived the horrific Bondi stabbing massacre has been reunited with the man who saved her life by carrying her to safety after she was attacked.
ASX edges higher on tech, property rally
A rally in interest rate sensitive stocks on Wednesday pushed the sharemarket into the green for a fifth consecutive session.
‘Failing’: Aussies dudded under GST plan
Under a controversial proposal to divide up the GST take between the states, NSW, Victoria and Queensland could be left billions of dollars worse off.
Controversial call on iconic Sydney pub
Selina’s has been a cornerstone of Sydney’s music scene for over 50 years, but a Coogee redevelopment will take it off the map.
Huge twist in gripping Larrimah mystery
Six years after Paddy Moriarty went missing in a town where every resident became a murder suspect there has been a twist in the tale
Rate hikes back on the table: Bullock
Warning that the RBA would not hesitate to pull the trigger on further rate hikes if needed, Governor Michele Bullock revealed rate hikes had been considered.
New blow as Bonza’s last ditch plea fails
Hopes have been shot down for Bonza after fresh fleet negotiations failed, leaving all flights cancelled and a majority of staff without work until at least May 14.
Essential cost behind rates pain
Releasing its fresh quarterly forecasts, the central bank painted a gloomy picture on the path for inflation, with one essential cost for many playing a key role.
ANZ chief’s dire warning for homeowners
Homeowners are feeling the pinch of the cost-of-living crisis, with the number of loans past due at ANZ increasing double digits.
$1.9bn boost for major Aussie city
Federal investment will be a windfall for Western Sydney roads that injects almost $2b into the region.
Best paid public servant calls it quits
Despite netting a $3m pay package over the 2023 financial year, Australia’s highest paid bureaucrat has moved on to the private sector.
Push to delay stage 3 tax cuts
Amid a resurgence in price pressures, households should wait a little longer to receive personal income tax cuts, some analysts have argued.
Qantas to pay passengers up to $450
Qantas will begin making remediation payments of $225 to $450 to customers after settling its flight cancellation lawsuit with the ACCC.
Staff ‘screaming and crying’ after call
Employees were left in tears after they were stood down without pay when budget airline Bonza went into voluntary administration this week.
NAB earnings miss amid profit squeeze
Despite the decline in earnings, freshly minted NAB boss Andrew Irvine hinted that the competitive home loan market was easing.
Sign housing crisis will drag on
The number of new homes signed off for construction continues to lumber at a mid-2020 pace, according to new data from the Bureau of Statistics.
Woolies warns of ‘shift’ in spending
As shoppers tightened their belts, the grocery giant said it had experienced a “noticeable shift” in consumers’ behaviours since Christmas.
Fresh update in Qantas app ‘privacy breach’
Qantas has delivered a fresh update after a shock breach of its app allowed some customers to receive other people’s details instead of their own.
Proof Taylor Swift-inspired boost over
Despite expectations of a robust rise, shoppers shunned new spending last month after a Taylor Swift-inspired boost.
Proof Taylor Swift-inspired boost over
Despite expectations of a robust rise, shoppers shunned new spending last month after a Taylor Swift-inspired boost.
Coles posts 3.4pc rise in sales
As the supermarket sector faces heated criticism over claims of profiteering, Coles has released its latest revenue results.
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