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.
economy, business and finance
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.
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.
Westpac halts rural closures amid political pressure
Westpac says it will postpone closures of rural banks during a Senate inquiry, the second major bank to heed calls to act in good faith.
Watchdog won’t probe fraud allegations against Adani
Australia's corporate regulator will not launch a formal investigation into alleged misconduct by the Adani Group due to the age of the accusations.
RBA governor sticks to the script on future rate rises
Not spooked by an unexpected uptick in the headline jobless rate, the Reserve Bank has stuck with its hawkish stance on interest rates.
Savers need to keep pressure on banks: RBA
Savers should switch to more competitive rates if banks aren't passing on cash rate hikes, the head of the Reserve Bank of Australia says.
Jobs market weakens as economic headwinds loom
Official labour force data shows the unemployment rate lifting unexpectedly but there's still plenty of heat left in the jobs market.
CBA lifts half-year profit but braces for slowdown
Australia's biggest lender has lifted its half-year cash profit by nine per cent and its interim dividend by 20 per cent to $2.10 a share.
RBA boss says it’s unlikely interest rates have peaked
It's unlikely the cash rate has peaked at 3.35 per cent, the Reserve Bank boss has warned, without offering any indication of how many more to expect.
Mortgage holder rates pain ‘disturbs’ Reserve Bank boss
The Reserve Bank governor has acknowledged the pain felt by mortgage holders but says getting on top of inflation will prevent more rate rises and job losses.
FMG reduces dividends amid green energy powerhouse push
Fortescue Metals has lowered dividend payouts as it repositions itself as a green energy powerhouse, with increased spending on decarbonisation projects.
‘Bloody-minded’ banks under pressure to halt closures
Major banks are being urged to stop regional branch closures as a Senate inquiry prepares to hold its first hearing in Sale, Victoria.
Consumers fret over new year of interest rate hikes
Another cash rate hike and suggestions of more to come has mortgage holders worried, with consumer confidence sinking to the lows of the pandemic.
Westpac to close branches despite Senate inquiry plea
A week after the launch of a Senate inquiry into regional bank closures, Westpac has announced it will close 20 branches, including in major farming regions.
Flawed RBA predictions have ‘damaged credibility’
The Reserve Bank's former governor has delivered a scathing assessment of its recent performance as current chief Philip Lowe faces a parliamentary grilling.
News Corp to slash one in 20 jobs amid earnings drop
News Corp will cut 1250 jobs in response to a big slump in second-quarter earnings as interest rates and inflation bite.
Reserve Bank flags higher rates to tackle inflation
Many Australians are facing a "painful squeeze" from the cost of living and rising interest rates, but the Reserve Bank is confident it's doing the right thing.
Intervention for energy prices working, says treasurer
Treasurer Jim Chalmers says intervention in the energy market is working and that a decision will be made mid-year on the fate of RBA governor Philip Lowe.
RBA backs power bills relief plan to help ease costs
As Treasurer Jim Chalmers has seized on support for a power bill relief plan as he meets his state and territory counterparts online.
consumers
economy, business and finance
energy
energy and resource
natural gas
politics
renewable energy
AGL posts $1.1b loss, warns price caps risk investment
AGL Energy has posted a $1.1 billion first-half loss on decarbonisation costs and warns gas price caps imposed by the federal government put investment at risk.
Record ninth consecutive increase to official cash rate
The Reserve Bank of Australia has announced a 25 basis point rise in the cash rate, taking it to 3.35 per cent - the highest since September 2012.
Treasurer stands by inflation handling, as rates bite
Treasurer Jim Chalmers says while the recent interest rate hike would slow the economy, forecasts show Australia would not go into a recession.
Barrier Reef fears sink Palmer’s push for new coal mine
A central Queensland project proposed by Clive Palmer has become the first coal mine to be refused under national environmental laws.
AGL Energy posts first-half loss amid decarbonisation
AGL Energy has posted a first-half loss, citing the cost of decarbonisation, outages and challenging energy market conditions.
AGL Energy slams government intervention, posts H1 loss
AGL Energy has posted a first-half loss, citing the cost of decarbonisation, coal plant outages and challenging energy market conditions.
Treasurer confident worst of inflation has passed
The federal government is adamant that while the coming economic year will be tough, inflation is heading in the right direction.
Post-pandemic bounce temporary as rate rises threaten
Generous incentives have supported business investment in recent years but further interest rate rises could "unnecessarily" tip Australia into recession.
G7, EU and Australia agree on price cap on Russian fuel
Major industrialised countries in the west, including Australia, will impose a price cap on refined Russian oil products such as diesel and kerosene.