Minister fuels up for gas price action
Energy Minister Chris Bowen is consulting with his state and territory counterparts about what levers can be pulled to ease burgeoning gas prices.
Economy, Business and Finance
Queensland could cancel two gas leases
Arrow Energy's coal seam gas leases in the Scenic Rim of Queensland could be cancelled amid community uproar.
Power bills will be a challenge: Labor
The federal government says there's no immediate answer to rising power bills but it can support households through childcare support and wage growth.
ASX finishes May down 2.8pct on the month
The Australian share market finished May on a sour note, dropping 1.0 per cent with every sector losing ground and snapping a two-day winning streak.
Another bumper winter crop: Rabobank
Grain farmers are expected to plant a record winter crop, with increases in wheat and canola as markets look to Australia for supplies amid global shortages.
ASX edges lower, down 0.3 pct at noon
Most sectors of the Australian share market were modestly lower at midday, with tech stocks the worst laggards.
Now that’s a gambling debt: Crown Melbourne hit with record $80m fine
Crown Melbourne has been fined a record $80 million over a scheme that allowed the illegal transfer of funds from China.
AGL cans split plan, leadership to quit
AGL's leadership team will quit after billionaire Mike Cannon-Brookes succeeded in foiling the energy giant's planned demerger.
Costly fuel makes car sharing an option
Car sharing and hiring from a provider who offers a flat rate on fuel has become a real option for suburban families struggling with petrol prices.
NSW to help with soaring electricity bills
In a welcome relief, the NSW government will help households that can't keep up with a spike in electricity bills, funding a maximum of $1600 a year.
Greens slam Qld casino alcohol rules
The Greens have slammed a Queensland government plan to exempt casinos from new restrictions on venues aimed at preventing alcohol-fuelled violence.
Labor urges China to drop trade barriers
Australia has called on China to remove trade restrictions to exports as a first step to mending diplomatic, political and business relations.
Miners, banks lift ASX by 0.8pct at noon
The local share market was up 0.8 per cent at midday despite another selloff in the tech sector, which dipped following a profit warning by Snapchat's owner.
Vic store mice poison ban push set to fail
The Victorian government and coalition are set to oppose a move to ban the general sale of second generation rodent poisons in stores across the state.
ASX falls 0.3 per cent as tech names drag
The Australian share market faded on Tuesday to close down slightly amid concerns that COVID-19 lockdowns have damaged China's economy.
Population level on a lower track: RBA
RBA assistant governor for economics Luci Ellis does not expect the population level to catch-up to the numbers lost during the period of closed borders.
Fiery debate over Qld rental bond changes
The Queensland government is defending claims changes to how rental bonds are managed are designed to prop up the state's budget.
Tech lags, but ASX still up 0.2pct at noon
The volatile technology sector was down 2.4 per cent at midday, but gains by the big banks and miners was keeping the market slightly above water.
Chalmers to deliver economic update soon
Treasurer Jim Chalmers will deliver an economic update when parliament resumes in June or July and ahead of his first budget in October.
ASX finishes flat but miners, Elders gain
The Australian share market started up by as many as 50 points after the weekend's federal election, but faded by the end of the day.
Punishment at the petrol pump: Chalmers
New federal treasurer Jim Chalmers says motorists are being punished at the bowser again, but won't promise to retain the fuel excise cut beyond September.
ASX edges higher at noon after Labor win
The ASX200 is up 0.2 per cent at midday, with mining stocks gaining and Codan and Elders posting strong gains on earnings updates.
Chalmers brings crisis experience to role
Jim Chalmers has been sworn in as the nation's treasurer, a role he brings a wealth of experience to having been advisor and chief of staff to Wayne Swan.
Aussies sizzle to democracy sausage high
The democracy sausage has made a triumphant return at the 2022 election, with even more snags sizzling at polling booths than at the last vote three years' ago.
Forrest flays fossil fuel ‘greenwashing’
Billionaire Andrew Forrest says any hydrogen made from fossil fuels is part of the problem, and welcomes Europe's moves to boost renewable energy usage.
Labor says promises add $7.4b to budget
Federal Labor's election promises will add $7.4 billion to the budget bottom line over the next four financial years.
Woodside shareholders back BHP oil merger
Woodside shareholders have backed the company's merger with BHP's petroleum arm, creating a new global heavyweight.
ASX falls1.7 pct with retailers slammed
The Australian stock market has fallen sharply, with major retailers hitting multi-year lows on fears of rising fuel and freight costs.
Miners lead ASX as market climbs 1.0 pct
The major miners have led the ASX higher, with iron ore prices rising as China reopens.
Albanese hits out at Liberal attack ads
Anthony Albanese has taken a swipe at prominent coalition attack ads during a speech to the Italian community in Sydney.
Big miners lead ASX higher at noon
The major miners are leading the market higher as iron ore prices rise as China reopens.