The Reserve Bank has confirmed a downgraded full-year economic growth forecast for 2019 and now thinks it will take longer before growth starts heading back toward its unchanged longer-term target.
News Corp is in talks to sell News America Marketing after impairments against the advertising business helped drag the media giant to a $US227 million first-quarter loss.
The head of one of Australia's biggest banks believes further interest rate cuts by the central bank may have a negative impact on the economy, rather than giving it a boost.
Oil rose above $US62 a barrel overnight after the Chinese government hinted at progress towards a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and demand for fuel.
Gold slid about 2.0 per cent overnight to its lowest level in over a month as investor appetite for the safe-haven metal decreased after a US official confirmed that the US and China agreed to roll back tariffs as part of the first phase of a trade deal.
Shareholder activists have failed in their attempt to get BHP to quit industry lobbying groups that didn't back strong action on climate change, but still are hailing the result of the vote
Flight Centre says its travel business is experiencing turbulence, with its profit for the first four months of the financial year well down on the same time last year, even as total transaction value increased.
NAB will pay a reduced final dividend after its full-year profit dropped 10.6 per cent to $5.1 billion, dragged down by its retail and wealth unit along with $1.1 billion in remediation provisions.
The Australian share market has opened higher despite a mixed lead from Wall Street, with tech shares helped higher by a strong first-half result for Xero.
Oil prices fell overnight after a much larger than expected build in US crude inventories and after Reuters reported that the signing of a US-China trade deal could be delayed until December.
New car sales across Australia have gone backwards for the 19th month in a row, the country's peak motor industry group says, with sales in Western Australia also down sharply.
Virgin Australia says it will retire five ageing aircraft and reduce domestic capacity by 2 per cent in the first half of next year, including scrapping two services to Perth, as it focuses on more profitable routes.
Two researchers based at the Harry Perkins Institute of Medical Research will join the Centre of Excellence in Synthetic Biology as part of a $35 million investment courtesy of the Australian Research Council.
Boral says first-quarter earnings have dipped across all three of the building materials maker's divisions, reaffirming guidance for a full-year profit drop of between five and 15 per cent.
Oil prices rose more than 1.0 per cent overnight on hopes for a US-China trade agreement and optimism that the US could roll back some tariffs on Chinese imports.
Gold fell 2.0 per cent overnight, en route to its biggest one-day dip in over a month, as expectations the United States may drop tariffs on Chinese imports assuaged some fears of a global recession.
Australia's resources industry is expected to be one of the biggest winners from a massive Asia-Pacific free-trade pact that covers half the world's population.
The Reserve Bank of Australia has held the cash rate at a record low 0.75 per cent, while keeping the door open for future cuts if the low cost of borrowing and tax cuts fail to stimulate the economy.
Oil prices rose overnight, buoyed by an improved outlook for crude demand as better than expected US jobs growth added to market hopes a preliminary US-China trade deal would be reached this month.
