Households cashed up for rates rise: RBA
Most households except recent first-home buyers have enough savings to cope with rising interest rates, which the ANZ tips to reach three per cent this year.
economy, business and finance
Chalmers announces review of Reserve Bank
Treasurer Jim Chalmers has flagged changes to the RBA's board with a new review to look at the expertise of its nine members, as one had his term extended.
Speeches to give insight on RBA rate hike
Two speeches in two days will give the Reserve Bank of Australia an opportunity to demonstrate how hawkish it is feeling as rate hikes loom.
Unemployment rate hit 48-year low in June
The unemployment rate plummeted to 3.5 per cent in June, from 3.9 per cent in May, and was much better than economists were expecting.
Unemployment rate fell to 3.5pct in June
The national unemployment rate fell to 3.5 per cent, which is the lowest rate since August 1974.
Breakthrough at Ukraine grain export talks
Turkey has announced a deal with Ukraine, Russia and the United Nations aimed at resuming Ukrainian grain exports.
Record high 240k homes being built in Q1
A record 240,065 dwellings were under construction in March, although work commencements on new homes fell as the housing boom lost momentum.
Consumer confidence falls as rates rise
Consumer confidence has dropped 19.7 per cent since December, a plunge comparable to what happened at the start of the pandemic and the global financial crisis.
More Australian workers looking west
Western Australia's tough border policies throughout much of the COVID-19 pandemic have not deterred workers from heading west in record numbers.
Monthly family petrol bill soars to $300
Petrol prices are closing in on highs seen earlier this year as new figures show a tightening in the jobs market ahead of official jobless data.
Protesters set fire to Sri Lanka PM office
Sri Lanka Prime Minister Ranil Wickremesinghe's office has released a statement saying he is willing to step down to make way for an all-party government.
Sri Lanka calm as leaders set to quit
Sri Lankan Prime Minister Ranil Wickremesinghe says he will leave office once a new government is in place and President Gotabaya Rajapaksa will also step down.
Trade surplus hits record $16 billion
Payroll jobs rose have risen, while booming coal and natural gas exports drove an increase in the trade surplus in May.
Job ads show first fall in five months
Ahead of the release of payroll figures and the latest data on Australia's trade surplus, job advertisements are showing potential signs of decline.
Reserve Bank hikes cash rate to 1.35 pct
The Reserve Bank of Australia has announced a 50 basis point rise to the cash rate, taking it to 1.35 per cent.
Big four banks pass on full rate rise
All four of Australia's largest lenders have increased variable home loan rates by 0.5 per cent following the RBA's decision to lift interest rates further.
Further rate rise to hit family budgets
The Reserve Bank of Australia board lifted the official cash rate to 1.35 per cent, adding to cost pressures on households.
Union condemns more regional bank closures
Westpac is defending a decision to close 24 bank branches across Australia, including many in regional areas.
EU and New Zealand sign free trade deal
The European Union has struck a free trade deal with New Zealand, 14 years after the idea was first proposed.
House prices in descent as rates rise
Home values fell across the country in June, particularly in Sydney and Melbourne, after the central bank raised interest rates for the second month in a row.
Aus energy grid needs urgent upgrades
The power market operator AEMO has released a roadmap for the sector as it continues to transition to more renewable and gas energy sources.
Post-pandemic tourism rakes in $18 billion for Queensland
Queensland is leading Australia's tourism industry out of the COVID-19 downturn with domestic visitors staying longer and spending more in the Sunshine State.
SA company fined over power rules breach
A Federal Court judge has ordered the operator of South Australia's Tesla big battery to pay a $900,000 fine over breaches of the national electricity rules.
Qld-NSW floods were 3rd costliest disaster
The unprecedented floods that swept through southeast Queensland and northern NSW earlier this year caused $4.8 billion in insured damages.
Sentiment lifts from the depths of despair
Consumer confidence has improved for a second consecutive week after a slump earlier in the month as a result of a large rise in interest rates.
Believe in RBA to avoid recession: Lowe
Australians must trust in the Reserve Bank's plan to lead inflation back down to regular levels, or risk triggering a recession, RBA governor Philip Lowe says.
Booze now, pay later apps prompt concern
Experts are worried people using buy now, pay later services for alcohol will lead to "financial hangovers".
Positive signs ahead for motorists
Easing global oil prices on fears of an economic slowdown could help motorists with their seemingly ever growing petrol bill.
Greens war on tax cuts ahead of budget
The Greens are going to war against tax cuts for higher earners that were locked in by the coalition, saying they have no place in Labor's first budget.
Qantas flags bonuses, eyes fare increases
The airline is offering a one-off cash bonus to thousands of staff if an enterprise agreement can be struck as it prepares to increase fares.
Farmers join forces in environmental push
An Australian first farming mutual has launched focused on rewarding producers financially for the environmental improvements made to their land.