The Reserve Bank of Australia has cut the cash rate for the first time since November 2020, but governor Michele Bullock has warned the inflation fight isn't over.
Anthony Albanese says an exemption from the US' 25 per cent steel and aluminium import tariffs is “under consideration” by the Trump Administration, after the two leaders spoke.
Australia's trimmed mean inflation fell to 3.2 per cent in November, but jobs figures suggesting a tightening of the labour market have dashed hopes of a February rate cut.
Treasurer Jim Chalmers has appointed a former banking executive and an economics professor to the Reserve Bank board, following a six-month review into monetary policy setting.
A $900 million fund has been welcomed by economists hopeful it will modernise the construction industry where productivity has been flat for three decades.
Australians working in healthcare and retail trade led the way in wage growth for the September quarter, with figures revealing the lowest annual rise in almost two years.
Treasurer Jim Chalmers expects higher inflation and lower output as a result of the US election result, and warned “nobody wins” in a US-Sino trade war.
The country's inflation rate could be reduced by at least 2 per cent if Australia had an adequate COVID-19 response, a federal government-commissioned inquiry found.
Treasurer Jim Chalmers seems to have put the nail in the negative gearing reform coffin, saying from Washington that advice received was that it would have no positive impact on housing supply.
Anthony Albanese has ruled out taking negative gearing tax reforms to the next election, despite reports the federal government had asked treasury to investigate an overhaul of the system.
The country's economy only grew by 0.2 per cent in the recent quarter or 1.5 per cent annually, which the ABS found to be the weakest yearly growth since the 1990s.
Rare earths junior Northern Minerals has announced one shareholder has yet to divest its shareholding in the company, following yesterday’s mandated sell-off deadline.
Australian Treasurer Jim Chalmers says he has “the utmost respect” for the independence of the Reserve Bank, while again blaming its policy for slow economic growth.
LNG producer Chevron Australia has revealed it paid $3.5 billion in Australian taxes last year, making a point of its contribution as one of the nation's largest taxpayers.
The federal government has moved forward with its reforms to the Petroleum Resource Rent Tax, ending more than eight years of uncertainty over the policy.
The country's annual inflation rate has increased to 3.8 per cent, up from the 3.6 per cent recorded in the previous quarter, recent Australian Bureau of Statistics data shows.
Money invested under the Federal Government's flagship $22.7 billion Future Made in Australia plan will have to show a benefit to local communities and workers, under a new bill introduced to parliament today.
Draft eligibility guidelines for the government's $13 billion critical minerals downstream production tax credits have opened the door for Chinese-owned producers.
Northern Minerals management has stressed a cyber breach on its systems this week was unrelated to a government divesture order against Chinese interests on its share registry.
Australia's GDP had a modest rise in the March quarter but the country still experienced weak economic growth, the Australian Bureau of Statistics found.
Rare earths junior Northern Minerals has been targeted in a cyber-attack, less than two days after Treasurer Jim Chalmers ordered Chinese investors to sell their stakes in the company.
Treasurer Jim Chalmers has claimed a new CSIRO report on the cost of building future electricity generation, released today, has “torpedoed Dutton's nuclear fantasy”.
Mark Beyer and Mark Pownall discuss the federal budget's mining support, Santos and Quintis job cuts, live sheep exports, property development approvals, NWQ Capital Management, and Clough's journey under Peter Bennett.
The Federal Government has unveiled a $22.7 billion price tag for its Future Made in Australia initiative, including a production tax incentive for critical minerals – starting in 2027.
The federal government has poured in billions of dollars to ease cost-of-living pressures, including $3.5 billion in energy bill rebates and tax cuts from July 1.
The treasurer says Australia's foreign investment settings won't discriminate against certain countries, even as his reforms respond to geopolitical threats, the energy transition and shifts in the global economy.
Mark Pownall and Jack McGinn discuss Australia's IRA response; merger law reform; industrial development delays; commercial rents; Bree Fraser's new venture, and Yagan Square.
The nation's economy grew 0.2 per cent in the December quarter but the country's annual GDP rose at the slowest rate since the pandemic, according to recent ABS data.
