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Insolvencies for Australian businesses have reached a record high as high inflation, elevated interest rates and weaker consumer demand squeezes margins.
If Australia scraps its climate targets on a promise of nuclear power, the economy may suffer as other nations will tax Australian exports, a mining CEO warns.
The ASX200 has fallen 0.3 per cent, with losses for uranium producers and gains for goldminers, as investors await the outcome of the RBA's two-day meeting.
Interest rates are expected to be held steady by the Reserve Bank of Australia at its upcoming meeting as it keeps all options on the table for its next move.
Home prices in Perth, Brisbane and Adelaide are growing much faster than in cities such as Melbourne and Hobart and the latest data indicates those trends could stick around for some time yet.
The Australian share market has suffered its worst session in seven weeks, slumping badly after a blowout US jobs report pushed back expectations for when interest rate cuts would begin.
Companies that don't comply with a ban on gamblers using credit cards for online betting face hefty fines, but the new rules don't apply to online lotteries.
The ASX200 finished up 0.7 per cent, with Commonwealth Bank shares trading above $125 for the first time, following "Goldilocks" economic data from the US.
The ASX200 finished 0.4 per cent higher as official statistics revealed Australia's gross domestic product grew just 0.1 per cent in the first quarter.
China has lifted bans on Australian beef exporters, removing almost all of the $20 billion worth of trade sanctions it imposed, ahead of a high-level visit to Canberra.