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RBA set for September cash rate cut

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The local share market has finished flat for the day but rose 0.8 per cent for the week, notching a four-week winning streak and its longest since early 2023.

Shoplifting rates hit record high

The local share market dropped 0.5 per cent, closing lower for just the second time out of the past 10 sessions.

Claims by power companies their profit margins are under threat from price caps have been played down by the federal energy minister.

Rate cut bets spark Santa rally

Australian shares have continued their year-end rally with the ASX200 posting a 0.6 per cent gain and setting a new ten-month high.

The consumer watchdog has poured cold water on merger reform models proposed by Treasury and says its compulsory notification model strikes the right balance.

Red Sea attacks risk imports, oil

The local bourse has closed up 0.8 per cent to finish at its highest level since early February, in what one analyst called a textbook Santa rally.

The end of the year has brought a ripple of optimism among consumers even as financial pressures stick around.

King grants Turkey steep rise in flights

The local share market has finished 0.2 per cent lower after a Federal Reserve official pushed back on the idea of rate cuts in early 2024.

Labor loses lead, PM’s ratings dive

The local share market finished Friday up 0.9 per cent to gain 3.4 per cent for the week after the Fed's dovish pivot.

Australia's energy transition is urgent and faces significant risks if red tape, community uncertainty and supply chain issues are not fixed, officials warn.

Coal power ‘to be gone in 15 years’

The ASX200 has closed up 1.65 per cent to hit a four-month high, while the Aussie dollar climbed to more than 67 US cents on a mixed domestic jobs report.

Some 61,000 jobs were added to the economy in November as the jobless rate lifted to 3.9 per cent, Australian Bureau of Statistics data shows.

Labor backs in bracket creep relief

The local share market rose 0.3 per cent, with Fortescue and Rio Tinto hitting new highs while a drop in oil prices pressured producers.

The federal treasurer has announced a better-than-expected $1.1 billion deficit for this financial year, with revenue upgrades banked to help fight inflation.

Indigenous owners ‘split by greenies’

The ASX200 rose 0.5 per cent to finish at a 13-week high, with every sector rising except for mining, which was flat.

Reserve Bank governor Michele Bullock says cash use is sliding and putting pressure on the business models that underpin access to notes and coins.

Pharmacy giant’s 100-year plan

The local bourse lost steam in the afternoon to finish basically unchanged as concerns about China weighed on mining stocks.

Premier goes before push

The ASX200 has overcome its morning losses to close the day 0.3 per cent higher and rise 1.7 per cent for the week.

The Reserve Bank's inflation and employment goals have been outlined in an updated statement, including the board's role in achieving full employment.

Santos, Woodside confirm talks on $80b oil and gas merger