Aust shares down sharply after US inflation readout
The local share market has fallen 1.1 per cent as the odds increase that the Federal Reserve will return to supersized rate hikes to combat stubborn inflation.
Economy, Business and Finance
Labor’s lead narrows a month out from NSW election
With less than a month to go until the NSW election, a new poll shows the gap between Labor and the 12-year-old coalition government is tightening.
Corporate profits fuelling inflation, research finds
New analysis challenges the narrative that workers need to accept sluggish wage growth to tame inflation and says business profits are driving higher prices.
Ardent Leisure back on track after rollercoaster ride
Dreamworld owner Ardent Leisure's share price is at a six-year high after the theme park operator posted its first half-year profit since 2017.
Energy companies seek ‘sun tax’ solar panel charges
Homes and businesses would face higher charges when their solar panels fed electricity into the grid during the day under tariffs proposed by energy companies.
When Aussies can expert EV prices to finally drop
A record number of electric cars are hitting Australia's second-hand market, forcing down prices. But experts say more drops are needed to increase adoption.
Treasurer says super caps a ‘tweak’, not major reform
Treasurer Jim Chalmers says the fundamentals of super will remain untouched and his floated changes to tax breaks on large balances are not controversial.
REDcycle wound up by court over stockpiled plastic
Failed plastics recycler was REDcycle, which was given millions in support by supermarket giants to recycle soft plastics, is being wound up.
Early parliament shutdown claims false: Perrottet
Claims the NSW parliament would be closed early have been hosed down by the office of Premier Dominic Perrottet as "utterly incorrect".
Super objective Labor’s top priority, not tax breaks
The federal government says it has made no decisions about major superannuation tax changes as the opposition continues its attack on the hinted proposals.
Perrottet promises grocery bill relief with new office
Cutting freight costs to push supermarket bills down will be a focus of a re-elected Perrottet government but Labor says the focus should be on tolls.
Mayor given sex for promoting land plan, jury told
Jurors heard audio of Brisbane lawyer Sam Di Carlo arranging a "girlfriend experience" for Ipswich mayor Paul Pisasale, allegedly to aid a planning approval.
Star raising $800m after $988m hit on Sydney casino
Star Entertainment is raising $800m at a deep discount as the casino company looks to bounce back from twin $100m fines and a possible big tax hike in NSW.
‘No mandate’ for changes to superannuation tax breaks
The federal opposition will not support changes to superannuation tax breaks flagged by the treasurer as he looks for opportunities to repair the budget.
Qantas turns profitable again amid travel rebound
Qantas has reported a first-half underlying pre-tax profit of $1.43 billion - turning around last year's loss - as strong demand helped offset high fuel costs.
Prescribing trials expand as health pressure bites
Patient safety and pain relief is in the spotlight as more states allow pharmacists to prescribe medication, with doctors and pharmacists bitterly divided.
Woolworths registers profit jump but warns of slow down
CEO Brad Banducci attributes improved Woolworths profit gains to strong seasonal trading and lower COVID-related costs.
Investors query coal leader’s climate change trajectory
Fresh research casts doubt on the climate pledges and expansion plans of Australia's largest coal producer Glencore as global investors seek answers.
Modest wage growth may take heat out of rate-rise cycle
Wages have improved again but by less than expected and not nearly enough to keep up with the cripplingly high cost of living.
Accountant jailed over $2.8 million tax fraud
A Brisbane judge said Craig William Morrissey offended against the whole community by using dishonest tax claims to help purchase real estate for himself.
BHP, big banks weigh down Australian share market
The local share market fell to noon, weighed by losses in BHP and the big banks, as the market digested a hawkish set of central bank board minutes.
Coles locks in strong profits and first female chief
Supermarket giant Coles made $616 million in first-half profit, up 11.4 per cent from a year ago, and has named Leah Weckert as its next chief executive.
BHP cuts lower quality coal mines, chases NSW on costs
BHP's profit, earnings and dividend have taken a hit on lower iron ore prices and cost pressures but the mining giant is upbeat as trade with China warms up.
Reserve Bank eyed jumbo hike to interest rates
Sticky inflation remains front of mind for the Reserve Bank, with the board considering another oversized interest rate hike at its last meeting.
economy, business and finance
energy
energy and resource
environmental politics
industrial production
iron and steel
metal and mineral
mining
natural gas
politics
Industry maps net zero pathway with safeguard uncertain
Industry, government and financiers need to invest more than $20 billion per year for the Australian economy to expand without dangerous levels of pollution.
War on urchins aims to save kelp forests
Plagues of sea urchins will be harvested and turned into fertiliser under a plan to regenerate kelp forests and boost farming and fisheries at the same time.
Workmates raise money for families after mine deaths
A group of Queensland miners is raising money for the families of Dylan Langridge and Trevor Davis, who were killed at work last week.
Aurizon, TGE ink $1.8b ‘game changing’ partnership
Team Global Express and Aurizon have signed an 11-year contract, one that Aurizon says is its biggest non-coal deal ever.
Australian shares gain on sign of cooling labour market
A blockbuster US retail sales report for January and a surprise increase in Australian jobless claims have pushed Australian stocks 0.8 per cent higher.
Miner deaths probe begins as industry, community mourns
The close-knit Queensland community of Cloncurry is mourning the deaths of two miners killed in an incident 125 metres underground.
Regional summer tourist spend tops pre-COVID levels
Spending in the regions during the summer holidays has topped pre-pandemic levels, NAB says, but people are still struggling under cost-of-living pressures.