Big wet fails to dampen farm production
Australian agriculture remains on track for an outstanding 12 months despite flooding across the east coast taking its toll, according to official forecasts.
Australian agriculture remains on track for an outstanding 12 months despite flooding across the east coast taking its toll, according to official forecasts.
China has reported its highest number of daily COVID-19 cases since the start of the pandemic began nearly three years ago.
ASEAN shouldn't let tensions between the US and China turn Southeast Asia into the front lines of a new Cold War, Indonesia's president says.
Westpac is seeing no signs that higher rates are causing mortgage delinquencies, but says it is inevitable they will eventually have an impact.
Reserve Bank of Australia Governor Philip Lowe has underlined his case for raising interest rates, warning that not doing so could have dire consequences.
More Australians holding on to high-denomination banknotes because they apparently want to keep cash close to hand, according to central bank data.
A UK fiscal statement keenly anticipated by financial markets has been delayed so new Prime Minister Rishi Sunak and his team can give it a workover.
The housing market has tumbled in capital cities across the country, with prices down 4.9 per cent from their March peak.
Australians priced out of the rental market are set to benefit from a $350 million affordable housing scheme included in the federal budget.
Tasmania and Queensland have the best economic momentum in the country as NSW and Victoria slide down the rankings.
Nearly all of Prime Minister Liz Truss's mini-budget has been reversed by new finance minister Jeremy Hunt.
Visits at night during weekday peaks are up on pre-COVID levels in all of Australia's major cities but workers are still staying away from the office.
Motorists are seeing a mixed bag of petrol prices, with some retailers even charging less than the wholesale price, as global economic warnings abound.
UK finance minister Kwasi Kwarteng has confirmed he has been sacked by Prime Minister Liz Truss, becoming the third chancellor to quit the government this year.
Getting the cash rate back to neutral is more about the journey than the destination and the central bank will be guided by changing economic conditions.
Getting the cash rate back to neutral is more about the journey than the destination and will be guided by changing economic conditions.
The upcoming budget is expected to be an exercise in trimming waste and tightening spending across portfolios as taxpayers can expect modest savings.
Skills Minister Brendan O'Connor says the federal government is working with businesses and state counterparts to address critical worker shortages.
Tax cuts due in mid-2024 have become a flashpoint for the upcoming budget as Australia faces economic headwinds.
The Victorian government will spend up to $560 million to upgrade Monash Medical Centre in Melbourne's southeast as the healthcare system struggles with demand.
The Bank of England says it will buy as much government debt as needed to restore financial stability after chaos triggered by the government's fiscal policy.
Queensland businesses expect sales and revenue to grow, but they're less confident amid record operating and labour costs, a survey shows.
David Littleproud has been invited by the government to its national jobs and skills summit, after Opposition Leader Peter Dutton dismissed it as a stunt.
An agribusiness report into intergenerational report has found more than three quarters of farmers are optimistic about the future of farming.
Owner-occupiers are trying to get better mortgage deals as interest rates rise, Australian Bureau of Statistics data released on Tuesday shows.
Australian Food and Grocery Council CEO Tanya Barden has urged the federal government to focus on supporting people with low incomes in the months ahead.
Inflation is expected to peak at 7.75 per cent at the end of this year, before moderating into 2023, Federal Treasurer Jim Chalmers says.
A sharp rise in annual inflation - the biggest since the GST was introduced - has raised concerns about the cost of living and more interest rate rises.
Annual inflation data for the June quarter is expected to come in at 6.2 per cent but there's some concern it could be closer to seven per cent.
Consumer confidence could go backwards this week if new data confirms Australia has recorded the highest annual inflation rate in more than 31 years.
The country's economy will chart a "middle ground" between recovering from the pandemic and continued uncertainty and rising interest rates and inflation.