Mixed jobs data gives RBA more food for thought
Record jobs participation will keep the Reserve Bank wary of cutting rates, despite unemployment rising in July to the highest level since November 2021.
economy, business and finance
company information
dividend announcement
earnings
economy, business and finance
finance (general)
telecommunication service
Telstra open to Foxtel Group sale, profit drops 12.8%
Telstra CEO Vicki Brady has cautioned that News Corp's decision making around selling Foxtel, of which the telco owns 35 per cent, was in its early stages.
coal
company information
consumers
dividend announcement
earnings
economy, business and finance
electricity production and distribution
energy
natural gas
oil and gas - downstream activities
oil and gas - upstream activities
politics
Origin Energy eyes gas imports, longer life for Eraring
Electricity and gas giant Origin Energy warns Australia will need to import gas to meet domestic demand and taxpayers may have to pay to burn coal for longer.
‘Confusing’ jobless rise likely to stay RBA’s hand
The jobless rate edged up slightly to 4.2 per cent in July, official figures show, but record participation will keep the Reserve Bank wary of cutting rates.
coal
company information
consumers
economy, business and finance
electricity production and distribution
energy
environmental issue
natural gas
nuclear power
Transition ‘well under way’ as AGL rejects nuclear push
Energy giant AGL has posted a stellar profit on higher power prices, taking the lead in the transition and dismissing nuclear as too costly and too late.
Profits plummet at Kerry Stokes’ Seven West Media
As Seven West Media contends with allegations of a toxic workplace culture at its television network, profits plunge 69 per cent to $45 million.
Shareholders still cash in as CBA profit slips to $9.5b
Commonwealth Bank's net profit after tax was down six per cent to $9.5 billion in 2023/24 but Australia's biggest bank is increasing its dividend.
Broadband speed boosts slow NBN Co’s path to profit
More copper connections have been replaced with faster fibre over the past year, NBN Co has revealed, but the broadband boost proved expensive.
‘Four for four’: Chalmers celebrates wages growth
Workers are still experiencing stronger wage growth than pre-pandemic but average pay rises have peaked and are expected to keep moderating.
CFMEU crackdown laws lodged as calls mount to go harder
CFMEU officials who attempt to disrupt the work of external administrators have been threatened with heavy penalties, but not everybody is happy with the laws.
Wages, job data in focus for clues on economy, rates
New data on wage growth and demand for workers will be in focus this week, as borrowers await clues on when the central bank might cut interest rates.
air transport
business (general)
business enterprises
economy, business and finance
financially distressed company
Buyers hover as administrators plot course to save Rex
Embattled Rex has received significant interest from potential buyers, administrators say, as the regional carrier battles to stay in the air.
economy, business and finance
environmental issue
financial and business service
global warming
insurance
Senator, insurer clash over cyclone ‘price-gouging’
A major insurer has been accused of making big profits during natural diasters at an inquiry into the impacts of climate change on the insurance sector.
company information
economy, business and finance
media
merger, acquisition and takeover
newspapers
television
News Corp flags potential Foxtel buyer, rise in revenue
Foxtel could change hands with owner News Corp revealing a potential suitor for the pay-TV operator along with a rise in revenue for the American conglomerate.
Property market picking up in smaller capital cities
REA Group's CEO says property listings in Melbourne and Sydney might marginally decline in 2024/25, but Brisbane, Adelaide and Perth are showing growth.
air transport
business (general)
business enterprises
economy, business and finance
financially distressed company
Rex financial woes in spotlight as employees face cuts
Embattled regional airline Rex will hold its first creditors' meeting as the cash-strapped carrier plots its way out of financial disaster.
Insurance prices blowing away cyclone-prone communities
Regional councils at risk from cyclones will reveal the impact of rising insurance costs on their communities at a Senate hearing.
Property giant Mirvac warns of ‘challenging’ conditions
Mirvac is investing in build-to-rent apartments and industrial sites as it slashes the value of high-rise offices and warns of ongoing challenging conditions.
No plans to change state’s public service WFH policy
Public servants in Queensland will maintain work-from-home arrangements after the premier quashed any changes to the flexible policy.
New battery crackdown after 50 blazes this year
E-bikes and e-scooters will have to meet new battery standards in coming months in one state, after a spate of difficult-to-contain fires.
RBA governor pours cold water on talk of early rate cut
The central bank says inflation remains too high and warned it could hike again, keeping the spotlight on government efforts to fight inflation.
Rising cost of living hammers renters and mortgage belt
Higher rents are weighing heavily on Australians receiving government support payments as all households experience rising living costs.
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".
Premier pumps up transport vision ahead of election
Motorists would be able to fill up their vehicles at state-owned petrol stations with capped price rises under a re-election pitch by Queensland's government.
economy, business and finance
homelessness
housing and urban planning
politics (general)
social problems
‘National shame’: kids facing life on couches, in tents
For many of the 125,000 Australian children without stable housing, a life of disadvantage, crime and poor health outcomes await without intervention.
economy, business and finance
electricity production and distribution
energy and resource
gold and precious material
iron and steel
metal and mineral
mining
nuclear policy
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.
Thousands of children homeless in ‘national shame’
Two reports have laid bare the dire situation for Australia's most vulnerable children, with thousands turned away from homelessness services.
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.
Rising property prices push loan sizes through the roof
Soaring real estate prices in mid-sized capitals has pushed the average new owner-occupier mortgage to record levels.
Ore-some state tipped to win race for green steel jobs
Higher-grade iron ore, deep water ports and a 100-per cent renewable energy grid give South Australia the edge on other states chasing future green steel jobs.
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.