Rate-hike pause bolsters Australian share market
Australian shares are near all-time highs following the Reserve Bank's decision to keep interest rates unchanged after 10 consecutive hikes.
economy, business and finance
RBA boss eyes more rate hikes, ‘way too early’ for cuts
The Reserve Bank has kept interest rates on hold, but governor Philip Lowe says there's a good chance the central bank will need to fire off more increases.
Relief on rates but don’t bank on an end to rises
The Reserve Bank of Australia has delivered welcome interest rate relief to mortgage holders and kept the cash rate on hold.
South Australian coal-based steel to go green
Liberty Steel is set to dump coal-based steelmaking at Whyalla in South Australia with a major investment in electrical and hydrogen-powered alternatives.
Mortgage holder confidence cools ahead of RBA decision
Confidence among those paying off a home loan has taken another hit in the lead-up to another cash rate call that could add more to their monthly repayments.
Deposits lost as Porter Davis liquidators urge patience
Porter Davis customers have been told they will lose their deposits as talks to secure access to their home building plans continue.
Population, rate rises magnify housing supply crunch
Housing demand is expected to keep outstripping supply as migration levels pick up and high interest rates weigh on new construction.
New houses drive uptick in dwelling approvals
Sign-off on private sector dwellings has lifted modestly and home prices appear to have found a floor - at least for the moment.
Albanese makes budget promise ahead of rates decision
Australian borrowers are bracing for another possible interest rate hike, as the government seeks to ensure the upcoming budget does not push up inflation.
Star Sydney boss quits less than a year into role
The boss of Sydney's Star casino, Scott Wharton, will depart at the end of April for a lucrative new position as CEO of Smartgroup Corporation.
Australians bracing for health insurance price hikes
More than a million Australians are set to face increased health insurance premiums, with HBF among the providers upping prices.
Clocks turn back for the end of daylight saving
Daylight saving comes to an end on Sunday, as much of Australia's southeast coast enjoys a well deserved sleep in.
Hope builds for possible end to interest rate hikes
The Reserve Bank will be hogging the limelight this week with a nail-biter cash rate call and a public appearance from the governor Philip Lowe.
Migration, high rents put brakes on sliding home prices
Home prices nationally have ticked up in March after tracking lower for 10 straight months, with high rents and migration both helping to arrest the slide.
Labor tells umpire to get low-paid ‘back on the bus’
The Albanese government is calling for a wage lift that stops low-paid workers going backwards as business groups worry about higher wage bills.
Lenders cut fixed rates as Reserve Bank decision looms
Lenders are cutting their fixed rates but borrowers are being urged to take caution as the Reserve Bank gets closer to the end of its rate hiking cycle.
Global shares rise as bank support emboldens investors
Safe havens have taken a battering as investors relax about the stability of the financial sector, with banks helping to lift global share markets.
Call to unplug electricity networks’ super profits
With households facing soaring bills, state and federal governments have been urged to crack down on power networks accused of making "supernormal profits".
Inflation slows ahead of crunch interest rates decision
Inflation has moderated again and released some pressure from the valve underpinning more interest rises from the Reserve Bank.
The long and winding road to banking in rural Australia
The Senate inquiry into regional bank closures has heard from more than 150 rural Australians about the devastating effects of losing essential services.
Guardrails and guidelines as AI embeds itself deeper
Experts have released guidelines on using artificial intelligence with opinion divided on whether the technology will kill jobs or accelerate the economy.
Motorists to be stung at the pump over Easter
Motorists have been warned to shop around early to avoid paying above $2 a litre at the pump in the lead up to Easter long weekend.
Australian share market slightly higher, drop in energy
The local share market has finished up just 0.1 per cent, with oil producers and coalminers dropping as Labor and the Greens reached accord on a climate deal.
Spending slows as households start to shut up shop
Spiralling living costs and rising interest rates have kept discretionary spending subdued, new retail data shows.
Latitude Group says 14 million customer records stolen
Consumer finance company Latitude Group says 14 million Australian and NZ customers had their records compromised in the hack on its systems.
Cost of diesel stubbornly high as war ratchets up price
The consumer watchdog has blamed the cost of diesel remaining significantly higher than the cost of regular petrol partly on Russia's invasion of Ukraine.
Co-owners of troubled plant in voluntary administration
Voluntary administrators have been appointed to the co-owners of the issue-plagued Callide C coal-fired power station in central Queensland.
HomeBuilder paperwork deadline extended
The deadline to submit supporting documentation for HomeBuilder applications will be extended for those affected by supply constraints and construction delays.
First sod turned on Queensland’s biggest road project
The opening stage of Queensland's Second M1 has been launched with work to begin on the 16-kilometre first stage on the Gold Coast.
Business activity goes off the boil as rate rises bite
Private sector activity is softening as rising interest rates, high inflation and softer economic conditions erode demand.
US lawmakers grill TikTok boss over safety, content
The of TikTok has faced tough questions at a US congressional hearing over concerns about data security and harmful content on the app.