Scott Morrison has insisted he’s not worried about the prospect of an interest rate rise next week during the election campaign, maintaining it’s a matter for the Reserve Bank. Traditionally, the RBA rarely hikes rates during election campaigns because it doesn’t want the issue to become a political football and it wants to remain independent. If the RBA chooses to ...

NSW’s money men left a $1 billion debt off their books, but were forced by auditors to correct the error, raising questions about the state’s finances. The NSW government left a billion-dollar debt off its books and was forced by auditors to correct the error, a new report says. The Treasury department agreed to borrow $1 billion from the state‘s ...

As China works to cut energy exports and tap into its own coal reserves, demand for Australian exports will take another blow. Analysis from experts at Australian National University found demand for overseas thermal and metallurgical coal will fall by at least 26 per cent between 2019 and 2025. Should China deliver on its commitment to reach zero net emissions ...

MELBOURNE/SYDNEY, April 10 (Reuters) – Australia will hold a general election on May 21, Prime Minister Scott Morrison said on Sunday, triggering a campaign expected to be fought over cost-of-living pressures, climate change and questions of trust and competence of the major parties Morrison played up economic uncertainties and security threats in announcing the election, saying this was not the ...

Telstra boss Andrew Penn is leaving the telecom giant after more than seven years in the top job, as it faces increasing pressure from TPG and Optus, plus keeping internet-hungry consumers satisfied. Mr Penn will hand the reins to chief financial officer Vicki Brady on September 1, who will become the telco’s first female chief executive, beating out both internal ...

A red-hot tech rally and gains for the financial giants helped the Australian sharemarket to fresh nine-week highs on Wednesday, with investors seemingly intent on pushing through the current geopolitical mayhem. Afterpay owner Block and payment rivals Zip Co each bounded ahead while tech names Xero, Wisetech Global, Appen, Altium, and EML Payments also banked solid gains as the local ...

It’s the purchase of a lifetime and now a new report offers insight into when exactly Aussies think it’s the best time to buy. A quarter of Aussies believe now is a good time to buy a home amid forecasts house prices will flatten later this year, according to a new report. The number of people who thought it was ...

After two years of Covid and now Russia’s invasion of Ukraine, the resilience of the global interlinked supply chains is being continually tested. Now China’s zero Covid strategy is being challenged for the first time since the virus was first detected in the central city of Wuhan, with outbreaks in many cities. How might the outbreak and subsequent severe lockdowns ...

To get a handle on Australia’s economic cooperation with Southeast Asia, consider these two statistics. One, Australia has more international direct investment in New Zealand than in all of the ten members of ASEAN combined. Two, only a couple of Southeast Asian countries make it into Australia’s top ten trading partners. This is a massive missed opportunity. The economic rewards ...

By: Dominic Powell Harvey Norman founder Gerry Harvey has refused to reveal why his company chose to repay $6 million in JobKeeper subsidies to the federal government, while warning that letting current COVID lockdowns drag on for too long could tip the economy into a recession. Following the company’s release of record earnings for the 2021 financial year on Tuesday, ...