Australian uni’s shock $3.6m admission
A major Australian university has made a shock admission, announcing some 1100 staff have not received their correct entitlements.
Breaking News
ASX tumbles to four-week low
With all sectors posting declines, the local benchmark slumped to its lowest level in four weeks on Tuesday.
Why Aussies shunned Xmas spending
A fresh analysis of the spending habits of millions of Aussies has revealed the one habit they no longer do before Christmas.
Why this rock matters to you
The budget bottom line is set to benefit from billions of dollars in extra tax collections due to iron ore prices, economist predict, which will likely deliver a second surplus for the Albanese government.
Big shock about first home buyers
Despite the surging cost of purchasing a new home and the rise in borrowing costs, the number of first home buyers taking out loans has rocketed higher in the last 12 months.
ASX edges lower despite oil surge
An acceleration of inflation in the United States and an escalation of tensions in the Red Sea pushed the benchmark lower on Friday.
Rates warning over stage-three tax cuts
The tax cuts, which are set to come into effect from July 1, could have major implications for the timing of rate cuts, economists have warned.
ASX rises as banks, tech rally
Interest rate sensitive stocks buoyed the benchmark on Thursday as softer-than-expected inflation data helped offset losses in the mining sector.
Silver lining in Australia’s rental crisis
New data shows the vacancy rate for rental properties rose slightly in December but there is hope that 2024 will be a better year for renters.
Hope for rate reprieve as inflation drops
In a positive sign for borrowers, inflation continued its broad slowdown in November, easing pressure on a rate hike in February.
ASX snaps four-day losing streak
After a four-session slide, the local share market found momentum on Tuesday with all sectors bar energy finishing in the green.
New home approvals hit fresh decade low
Just 166,127 new dwellings were approved for construction in the year to November, fresh ABS data has shown.
Shoppers splurge at Black Friday sales
Budget-conscious shoppers splurged at Black Friday to push retail November sales to book their strongest monthly increase of 2023.
Major airline slashes flight prices abroad
A major airline has launched its massive New Year sale, helping travellers tick off their 2024 travel dreams.
ASX records four-day losing streak
The local benchmark continued to lose ground amid continued uncertainty over the timing and depth of rate cuts.
Popular restaurant booking site closes
A popular restaurant booking service is set to cease its operations in Australia due to the impact of the coronavirus pandemic.
Hopes of interest rate relief fade
Borrowers hoping for rate relief in coming months may have to wait longer still after traders revise their bets on when the RBA will cut.
Grim weather warning as rain gathers
Thousands of people are being warned to brace for heavy rains and “life-threatening” floods as wild weather returns.
ASX extends losses as Wall St stumbles
After posting strong gains in November and December, the local share market is off to a rocky start in 2024.
300 jobs at risk as coalmine goes bust
A privately held coal company has slipped into administration just two days after Christmas, putting the livelihoods of about 300 people at risk.
ASX skids after nudging record high
Fears that central banks will not cut interest rates as aggressively as anticipated stoked a broad selloff on the benchmark on Wednesday.
‘Losing money’: Small firms under threat
Businesses have been “significantly impacted” and are losing money because of strikes at the nation’s ports, the boss of one company says.
Month of reprieve for Aussie homeowners
Even as cooling inflation data suggests less pressure on the central bank to tighten further, economists are at odds on its next move.
ASX nears record on first day of 2024 trade
The share market finished higher in its first day of trading for 2024, with the benchmark index just five points away from reaching its all time high.
CCTV captures house party explosion
CCTV footage shows the moment an explosion lit up the night during an NYE party in a residential Melbourne street as police release new details.
RBA reveals new deputy governor
A top official at the UK central bank is set to make the move to Australia and join the Reserve Bank as it battles to tame persistent price pressures.
ASX sinks as miners, energy stocks fall
The ASX benchmark sank on Monday as falls in key commodity prices pushed major energy and mining companies lower.
One thing Aussies ditching in droves
Cash is no longer king, a new survey has found, with less than one in 10 consumer payments made with notes and coins.
‘Gimmick’: Coles staff gift slammed
A Christmas gift to retail staff at Coles has been slammed as a “shameful slap in the face” and a “gimmick” as the union warns of further planned strikes ahead of the holidays.
Aussies warned to brace for more rate pain
A finance expert has urged Australians to be prepared for interest rates to rise again in the near future, as the country battles a worsening cost of living crisis.
ASX higher on energy rebound
A rebound in energy majors following a sell-off on Thursday saw the benchmark finish in the green on Friday.
ASX sinks on commodity slump
Following a drop in oil prices after the delay of an OPEC+ meeting and a decline in iron ore prices, the Australian share market lost ground on Thursday.
Why Aussie population is set to double
On the back of this reason, Australia’s population could reach up to 45.9 million people by 2071, new forecasts show.
RBA chief’s ‘homegrown’ inflation warning
Inflation is increasingly being driven by domestic factors, not those from overseas, RBA governor Michele Bullock says.
ASX flat as large caps offset tech loss
An advance in large cap stocks made up for losses in real estate and tech stocks, with the benchmark unchanged on Wednesday.
Dutton ‘makeover’ set for 2024: Albo
With Labor and the Coalition preparing for the next election, the Prime Minister says Peter Dutton will attempt a political ‘makeover’ in the new year but predicts it will fail.
ASX climbs despite grim rates warning
Despite a fresh warning the RBA is still prepared to hike interest rates, markets were buoyed from a rally by iron ore miners.
Sorry stat that’s not helping rate rises
As the Reserve Bank mulls a 14th rate hike, freshly minted governor Michele Bullock has warned current levels of wages growth are unsustainable.
More rate rises flagged by RBA
The risk of more rate hikes in the months ahead would have increased had the RBA opted against increasing rates on November 7, fresh meeting minutes have revealed.
Aussie shares soar on back of oil stocks
Fears of a fresh round of supply cuts by OPEC+ countries pushed energy stocks into the green on Monday.
Gladys among Optus CEO contenders
The global search is on to find the next chief of embattled telco Optus, with a number of candidates already in the offing.
Big change to Aussie Christmas
Aussie shopping habits have changed under the weight of the ongoing cost-of-living crunch, which could lead to a big change this festive season.
ASX drops as oil plunges
A drop in global oil prices has hit the Australian share market, pushing the benchmark lower on Friday with energy stocks sliding 1.6 per cent.
Unemployment up despite 55k jobs boost
Despite a bumper 55,000 jobs added to the economy in September, the unemployment rate rose following a jump in the participation rate.
ASX drop after jobs increase
The Aussie share market sank on Thursday with traders seemingly unphased with the release of fresh employment data.
ASX reaches eight week high
A better-than-expected US inflation print overnight pushed the ASX to an eight week high.
New rate hike fear as Aussie wages spike
With annual wages growth hitting its highest levels in almost 15 years, economists are split on the RBA’s next move on interest rates.
ASX climbs on commodity rally
A surge in crude oil and iron ore prices pushed the benchmark above the 7000 threshold on Tuesday as investors await fresh US inflation data.
‘Too hot’: Costello confronts nation’s migration dilemma
The pro-immigration former Treasurer has made an important contribution to the economic debate around migration.
Energy, real estate sends ASX lower
A drop in energy and real estate stocks caused the Australian share market to lose ground on Monday.
Original URL: https://www.thechronicle.com.au/business/breaking-news/page/8