Huge development for future of Aussie cash
The consumer watchdog has granted interim approval for the multimillion-dollar deal to ensure the transport of cash across Australia.
Breaking News
ASX led by New York North Star
Mining, building and financial shareholders dined out on Thursday, boosted by construction hope in China and a record run on Wall Street.
Surprise claim as AI to create 200k jobs
Thousands of Australian jobs in the AI sector could be created this decade, but major issues remain unanswered.
ASX gains on record highs on US markets
Elon Musk becomes $10bn richer overnight, as US gains filter through to the Australian market in trading on Wednesday.
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.
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.
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.
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.
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”.
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.
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.
Value of Aussie homes nears $11 trillion
The total value of Australia’s residential dwelling stock has set a new record, climbing to $10.7 trillion in the March quarter.
ANZ makes horror 2025 rates prediction
A major Australian bank has issued a grim warning on where rates are heading, with the next cut not predicted until 2025.
Costello quits Nine after airport clash
Former federal treasurer Peter Costello has quit as the chairman of media giant Nine three days after a controversial incident with a journalist.
ASX climbs as Wall St resets record
After a tech-propelled rally on Wall Street overnight, the Australian share market followed suit.
Push to get 500,000 Aussies a pay rise
Unions have launched a landmark bid to abolish the junior pay rates for half a million young workers.
‘Bulls**t’: Huge call on tradie shortage
Despite a critical housing shortage and a suite of construction liquidations, a powerful union says there is no tradie shortage – only a plan to bring in migrant workers.
Original URL: https://www.news.com.au/finance/business/breaking-news