Strong wage growth still key to rate rise
Reserve Bank governor Philip Lowe has again put stronger wages growth as a key element before raising the cash rate.
Reserve Bank governor Philip Lowe has again put stronger wages growth as a key element before raising the cash rate.
Reserve Bank governor Philip Lowe said a cash rate rise is "plausible" later this year but he is surprised by the multiple moves priced in financial markets.
Demand for home loans grew by a stronger than expected 4.4 per cent in December, even as house prices grew at their fastest pace annually since 1989.
The Reserve Bank of Australia governor Philip Lowe says the central bank board is prepared to remain patient before lifting interest rates.
There are 12,818 new COVID-19 cases in NSW and 30 people have died, as students return to school and non-urgent elective surgery is set to resume next week.
Thousands of public school children returning to class are set to test the NSW government's COVID-19 preparations for the new school year.
The federal government has been accused of proposing 'excessive red tape' that will undermine its own carbon market, farmers' projects and business plans.
Parents will get access to $500 vouchers to be spent on out-of-school care, as COVID-19 fatalities fall to 27 from a record 52.
There are 13,026 positive COVID-19 cases and 27 more deaths in NSW as Premier Dominic Perrottet prepares to announce a $500 voucher for primary school children.
As NSW children head back to school the government is poised to announce a $500 subsidy for parents to put towards out-of-school care costs.
The Queensland Opposition says the state government must provide support for COVID-hit small businesses.
Mask rules and hospitality density limits will continue in NSW as the state records 18,512 new cases and 29 deaths.
Supplies of a diesel exhaust fuel vital to keeping the country's freight and logistics sectors on track have been significantly boosted in Australia.
Commonwealth Securities quarterly State of States report has found Tasmania topping the ladder for the eighth consecutive quarter.
Germany's new chancellor is pushing for the G7 to become a "climate club" that will economically punish laggards like Australia, observers say.
The Australian Bureau of Statistics said the unemployment rate dropped to 4.2 per cent in December as a further 64,800 people joined the workforce.
Deloitte Access Economics analyst Chris Richardson is upbeat on Australia's outlook despite the challenges posted by the Omicron variant of COVID-19.
Health Minister Greg Hunt says there are signs the spread of the Omicron strain is peaking in NSW and the ACT.
Woolworths has been lashed by a union after one of its main suppliers required employees to wear coloured hairnets to indicate their COVID-19 infection status.
The ANZ-Roy Morgan consumer confidence index has dropped 2.2 per cent as a result of the rapid spread of the Omicron variant.
New measures adopted by NSW, Victoria and Queensland exempting more critical workers from COVID-19 isolation will go before national cabinet for discussion.
Prime Minister Scott Morrison says the highly-infectious Omicron variant is impacting both Australia's workforce and consumer spending.
More of the economy is coming under strain as Omicron ravages supply chains and uncertainty affecting everything from recruitment to farmers, food and shops.
Fortescue Metals Group says it is on track to cut emissions from transporting iron ore to port with the purchase of two new battery powered locomotives.
An energy company is looking beyond the traditional electricity grid as it rolls out a hybrid future across a vast landscape.
Almost 500,000 new jobs have been created across the nation since September, according to figures released by the Australian Taxation Office.
Big miners are lining up cleaner shipping options as manufacturers and retailers start to think about all emissions, not just what appears in national targets.
There is a growing appetite for finance linked to social impact, not just assets that are green, and bankers are gearing up.
Research has found more than 100 unwanted gifts were listed every minute on eBay in Australia on Boxing Day, with Victorians most likely to resell presents.
Shoppers are expected to rack up Boxing Day records for both online and instore sales and won't let coronavirus stop them missing a bargain.
The Queensland government has called in a controversial application to build a coal power station by a company owned by Clive Palmer.