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Financial services giant AMP has posted a 28 per cent drop in first-half net profit after weaker performances at its main wealth management and AMP Capital businesses.
Commonwealth Bank has announced a $6 billion share buyback and lifted dividends after improving economic conditions helped it post a robust rise in full-year profit.
Western Australia will consider legislating its net zero emissions target but the premier has dismissed calls to rule out new major oil and gas projects.
Reserve Bank governor Philip Lowe expects the Australian economy will bounce back by year's end after suffering a contraction in the September quarter.
An energy industry body representing thousands of companies may sue the federal government if it uses Australia's green bank to invest taxpayer dollars in fossil fuel technology.
The federal government has announced a $1.1 billion package to address Indigenous disadvantage, after the Closing the Gap 2021 report found only three of 14 targets were on track to be met.