Business, Economics and Finance

The former chair of the ACCC takes aim at electricity providers, banks, airlines, supermarkets, and other big businesses in his new report on price gouging and unfair pricing practices.

The Australian share market rebounds from two straight sessions of losses led by heavyweight miners, while the Woodside-Santos merger collapses, and NAB promotes British-Canadian executive Andrew Irvine as its next CEO.

Rodrigo Catril, NAB's senior foreign exchange strategist, says he expects the Aussie dollar will lift later in the year if the Fed cuts interest rates as expected.

Westpac Group's chief economist Luci Ellis says she still expects up to two rate cuts in 2024, despite the RBA's latest warning further hiking is possible.

The Reserve Bank has left interest rates on hold at a 12-year high after inflation fell by more than expected towards the end of 2023

Alan Kolher has the wrap up of the day in Finance.

The Reserve Bank Board keeps interest rates at 4.35 per cent following inflation falling by more than expected towards the end of 2023.

The firefighters union is demanding the aviation regulator takes action after five Boeing 737s and a further 59 planes arrived at Sunshine Coast Airport with too few firefighters working in the past two months.

Anna Bligh from the Australian Banking Association says lessons have been learned from the banking royal commission and the landscape is now "vastly different".

Risks of a recession in the United States reduces as growth steady and inflation starts to come down.

The RBA has kept interest rates on hold at 4.35 per cent after its first two-day meeting, but says it cannot rule out future rate hikes to keep inflation in check. Look back on how the day unfolded with our blog.

Australian Bureau of Statistics data shows food prices cumulatively increased by 16.4 per cent in Adelaide between 2021 and 2023. Low-cost grocery store The Food Centre says demand has also spiked with hundreds of families visiting the store each week.

Tony Weber, chief executive of the Federal Chamber of Automotive Industries, says pace of change proposed by the government for the new fuel efficiency standards is "ambitious".

Five years on from the banking royal commission, some victims of misconduct by the banks are rebuilding their lives - but the regulator says problems remain.

The Reserve Bank board has commenced its first meeting for 2024 to consider interest rates. Alan Kohler has more.

The Australian share market loses ground, as a surge in the US dollar and another Chinese share market plunge see a steep sell-off for the mining sector. Look back on our business blog to see how today's events unfolded.

How is your financial literacy? Take the quiz to find out. 

Jim Chalmers accuses opposition deputy leader Sussan Ley of being 'out of touch' with cost-of-living pressures which middle Australia is facing.

A more stable interest rate environment, coupled with ongoing population growth and improved consumer confidence will support house price growth in 2024. Here's how your capital city fared in January.

A report into soaring grocery prices, rising energy bills and steep airfares will be released on Wednesday. Its findings and recommendations will cause a headache for some of the country's biggest and most powerful companies, writes Adele Ferguson.

The Australian share market hit a new milestone today on speculation that interest rates will remain on hold next week, before being cut later this year.

Anthony Albanese has announced changes to the Stage 3, which were due to begin on 1 July 2024. Business reporter Michael Janda explains what the changes will mean, and who benefits.

The Fair Work Ombudsman says the operators of two Adelaide Vietnamese restaurants allegedly underpaid staff more than $400,000 and unlawfully punished them for incorrectly charging customers. 

Songs by Taylor Swift, Drake and other big-name artists are getting pulled from TikTok after a music licensing dispute came to a head. Here's a rundown of where things stand.

ASX200 closes at record high following gains on Wall Street after Apple, Amazon and Facebook's Meta post results. The dispute between DP World and the Maritime Union comes to an end, but impact could linger for industry and consumers. New data shows lending for new homes is slowing.