ASX drops 0.4pc following cash rate hike
The Australian share market has closed lower for a second day after the Reserve Bank raised the cash rate higher than expected.
Economy, Business and Finance
Morrison offers sympathy over rate rise
As the Reserve Bank decided on its first cash rate lift in almost 12 years, Scott Morrison says he understands some home borrowers will face tougher times.
Australia’s rocketing rural land prices
A report from the Rural Bank shows rural land values have hit their highest level of growth in 27 years, with parts of Tasmania seeing the biggest hikes.
Rate hikes needed to curb inflation: RBA
Reserve Bank governor Philip Lowe has warned that without increases in interest rates, inflation will be a lot higher than present.
Rate rise to put pressure on home prices
Australian house price growth is slowing nationally and could come under further pressure as official interest rates start to rise.
Qantas to launch Sydney to London and New York non-stop in 2025
Qantas is buying a fleet of long-range, wide-body Airbus planes to service non-stop flights from Australia's east coast to London, Paris and New York.
Petrol prices on the rise despite tax cut
Petrol prices have risen for a second week in a row as international oil prices climb on continued supply concerns due to the Ukrainian war.
National standards adapt to new challenges
A future in which the digital economy is at risk of cyber threats and natural disasters demands new national standards, a report says.
Labor to charge electric vehicle take-up
Labor has pledged to double the Commonwealth's $250 million Future Fuels Fund and establish a new Driving the Nation Fund to accelerate electric vehicle uptake.
Rising rural land prices lock farmers out
As rural land prices continue to soar in some parts of Australia, primary producers hoping to break into the ownership market remain optimistic.
ASX rebounds with best day in 3 months
The Australian share market has bounced bank from three days of losses, gaining 1.3 per cent, its best single-day performance since January 28.
‘No housing crisis’, says John Howard
As debate rages about inflation, John Howard says there is no housing crisis but acknowledges there are pressures to be resolved in the sector.
Inflation sparks power price hike debate
Inflation rising to 5.1 per cent has consumers worried about what it will mean for their power bills and hip pockets as the government works to allay concerns.
Coles says supply chain issues ‘enormous’
Coles chief executive Steven Cain says the unprecedented supply chain issues the supermarket is facing will take a couple of years to resolve.
Aquaculture key for feeding warming world
An Australian scientist has co-authored a study showing marine aquaculture will be vital for feeding people in a warming world.
Milking it: Food prices rising fastest since 2001
The latest quarterly consumer price index shows food prices have experienced their largest inflation rise in more than 10 years.
ASX falls 2.1pct, wiping out 2022 gains
The ASX has suffered its worst session since the start of the war in Ukraine, with miners and oil producers sharply lower following China's COVID outbreak.
Youth coal mine fight reaches Qld court
Legal arguments expected to last six weeks have begun in the Queensland Land Court as opponents of a new coal mine mount a challenge on human rights grounds.
economy, business and finance
environmental pollution
oil and gas - upstream activities
politics (general)
regulatory policy and organisation
Qld coal seam gas waste plan criticised
Activists warn a draft Queensland government plan would allow the coal seam gas industry to simply bury waste brine, posing a risk to the environment.
Economic outlook ‘tricky’ despite strength
Australia's economic recovery has been faster and better than expected, but war in Europe and China's COVID-19 outbreaks are wildcards for the nation's outlook.
Job boon for regions from phasing out coal
New modelling weighs up the jobs boon for regional economies from replacing coal-fired power plants with wind, solar, batteries, new coal or gas generation.
Nationals back ‘flexible’ net zero pledge
Deputy Prime Minister Barnaby Joyce says Australia will try to meet its net zero target, but has supported his candidate who said it wasn't "binding".
Westpac fined $113m for compliance failure
Westpac has been fined $113 million by the Federal Court for a series of compliance failures that included charging advice fees to thousands of dead customers.
Small firms’ mood sours amid price rises
Confidence and conditions dropped among small and medium-sized businesses during the March quarter, a National Australia Bank survey shows.
Treasury, Finance say economy is resilient
The Pre-election Economic and Fiscal Outlook produced independently by Treasury and Finance has proved little different from last month's budget.
Labor rejects anti-coal pledge: Albanese
A Labor government will not sign an agreement to phase out coal use but the opposition leader says Australia could still be chosen to host climate conferences.
Rio Tinto backs Russian, Ukrainian workers
Rio Tinto says it is offering support to workers of Ukrainian and Russian heritage and has committed $US5 million ($A6.8 million) to humanitarian agencies.
Australia gets IMF vote of confidence: PM
The International Monetary Fund's upgrade of Australia's economic outlook is a vote of confidence, Prime Minister Scott Morrison says.
Certainty welcomed for new gas, minerals
Australia will take its place in the new energy economy with taxpayer support to reinvent fossil fuels and mine new minerals, under plans backed by industry.
Coalition pledges loan scheme for farmers
Budding farmers will be helped to buy their first property under a federal coalition promise to guarantee up to 40 per cent of their commercial loan.
New mines key to health, welfare: Joyce
As the coalition seeks to turn the election debate to economic issues, Nationals leader Barnaby Joyce says sources must be found to fund spending promises.