Australian shares stabilise after wild two-day sell-off
The ASX200 finished up 0.4 per cent after falling 5.8 per cent over Friday and Monday, its worst two-day drop since the start of the COVID-19 pandemic.
Economy, Business and Finance
Uber to take Leaf out of Japan’s second-hand EV market
Ride-share and food delivery drivers will be encouraged to adopt second-hand electric vehicles under a pilot program launched in Queensland.
RBA governor warns rate cuts not on near-term agenda
The Reserve Bank of Australia has kept interest rates steady and tempered expectations of imminent cuts, warning inflation remains "too high".
construction and property
consumer confidence
economy, business and finance
housing and urban planning
inflation and deflation
retail
Relief in sight as rates focus switches to cuts
Mortgage-holders appear to have avoided another interest rate hike, in a welcome development for the federal government with an election on the horizon.
Doubt cast over plan to convert CBD offices into homes
The cost of retrofitting under-used Melbourne CBD offices into residential apartments is proving an obstacle to a key housing policy getting off the ground.
history - arts, culture and entertainment
manufacturing and engineering
people - human interest
transport
History lovers to gather for two-day stagecoach journey
Regional towns across southern Queensland will celebrate the centennial of Cobb & Co's final stagecoach run, the last of its kind in Australia.
Room with a view comes at high price on tourist strip
High-rise apartment owners at a popular Australian tourist spot have been slugged with a "view tax" sending council rates to new heights.
Former PwC head grilled over role in tax scandal
The former boss of PwC in Australia, Tom Seymour, has made his first public comments since resigning due to the tax advice scandal.
Advisors called in as taxpayer bailout weighed for Rex
The federal government has engaged three external consultants as it considers its options in coming to the aid of cash-strapped regional carrier Rex.
Australian shares suffer worst drop in more than a year
The ASX200 has dropped 2.1 per cent in its worst performance in 16 months, just two days after its biggest jump in 20 months.
Car chargers at tourist curio could be coup for Tesla
Australia's best-selling electric vehicle brand will open a charging station near a Queensland tourism attraction despite funding cuts to its program.
Probe into worker’s death at Queensland coal mine
Initial reports on the death of a Queensland mine worker suggest an incident involving a small crane, the industry regulator says.
Rates likely on hold with Reserve Bank coy on next move
The August interest rate meeting will dominate the week's economic agenda, with the Reserve Bank tipped to leave rates unchanged.
Long road to glory for bull as heavy as a car
A bull that weighs as much as a car has been crowned the heaviest at Queensland's Ekka after his breeder spent years preparing for the competition.
Trial of 50c Queensland public transport fares begins
A bold six-month trial of 50 cent public transport fares has begun in Queensland with just over two months until the state election.
Diggers count losses on battery minerals, gold shines
Mining bosses and investors gathering in an outback city are counting their losses as the decarbonisation and battery minerals bubble bursts.
Japan’s Nikkei 225 stock index sinks over 12 per cent
Japan's Nikkei 225 share index has plunged dramatically after heavy selling triggered by fears the US economy could be in worse shape than expected.
‘Sea of red’: worst day for ASX in more than four years
The Australian share market has suffered its biggest daily sell-off in more than four years, amid growing fears of a hard landing for the US economy.
Ticket hesitation hits The Forum line-up, inquiry told
Artists have been pulling out of hoped-for gigs at famed live music venue The Forum as fans leave ticket purchases to the last minute, an inquiry has been told.
Debt collector taken to court after flouting trade ban
Victoria's consumer protection watchdog will take a debt collector to court after the company allegedly continued to operate in the state despite being banned.
Signs of slow build back with home approvals sluggish
Interest rates, labour shortages and investor confidence are contributing to weak building approvals, but there are signs of recovery in detached homes.
Door swings shut on rate rise following inflation data
Australia's inflation rate has clocked its first annual increase in 18 months but borrowers can breath easy as it was unlikely to trigger another rate hike.
Help on its way for Rex despite ‘flawed’ expansion
A taxpayer-funded lifeline for Rex Airlines looks increasingly likely as the Albanese government highlights the carrier's "absolutely vital" regional presence.
Rex Airlines enters voluntary administration
Rex Airlines has gone into voluntary administration and cancelled all flights between major airports.
company information
economy, business and finance
energy and resource
environmental cleanup
metal and mineral
mining
nuclear power
Rio Tinto ‘open’ to nuclear energy, profit flatlines
Rio Tinto says it wants to find better ways to provide the materials the world needs but warns decarbonisation has "a long way to go".
‘It’s everything’: rural Australians fear Rex’s fate
Rural Australians who rely on Rex for health, education, mail and groceries fear for their future as the regional airline entered voluntary administration.
ASX hits record high, dollar sinks as inflation cools
The ASX200 rose 1.8 per cent in its best single-day performance since late 2022, while the Aussie fell under 65 US cents for the first time in three months.
Industry calls for $3b fund to clean dirty big trucks
A big investment will be needed to put more heavy-duty electric trucks on the road, an industry group says, as well as changes to support cleaner fuel.
Sustainable fuel hopes take off with eyes on emissions
Flights could become more environmentally friendly as Australia and New Zealand explore ways to produce sustainable aviation fuel at home.
The surprise state topping Australia’s economic ladder
South Australia has retained its title as the nation's top economy for the third consecutive time in CommSec's latest State of the States report.
Call for ad ban on easy credit for groceries, medicines
A popular form of credit to encourage online shopping has morphed into a crutch for trying to stay a step ahead of financial disaster, an inquiry has been told.