RBA says rate cut could happen before inflation hits 2.5pc but needs to be 'very confident' about economy, ASX gains for third-straight day — as it happened
RBA governor Michele Bullock said the central bank would consider cutting rates before inflation returned to 2.5 per cent if the economy was in good shape, while the ASX ended higher for the third-straight day after a subdued start.
Steelmaker and mining competitors unite on plan to fast track green iron production
BlueScope, Rio Tinto and BHP say Australia needs a commercially viable alternative to blast furnace steelmaking, but securing enough gas and green hydrogen will be a challenge.
IT worker alleges he's up for late fees and penalties on almost $400,000 because NBN and EY failed him
Former IT worker Abhishek Mishra alleges that he owes fees and penalties on almost $400,000 in tax debts because NBN Co and EY have breached their employment obligations to remit the taxes and provide him with "proper and independent" taxation advice.
Gig economy workers given 'right to disconnect' under changes labelled 'anti-business' by employers
Workers and industrial relations experts welcome new laws that aim to set minimum standards for gig economy workers, including rideshare and food delivery drivers, but business groups express deep concerns.
'The market got ahead of itself': US Fed member joins central bank chorus pushing back on rate cut hopes
US Fed member Loretta Mester says investors may have expected a rate cut in the US in March, but she wants to see more signs that inflation is definitely downwards before rates are lowered, and we're not there yet.
The higher cost of doing business has analysts 'downbeat' about what it means for the economy
Australia's publicly listed companies are opening their books, but higher interest rates, moderating inflation and a slowing economy has analysts forecasting modest half-year results for big business.
'A horrid scam on the Indigenous community': Government to pay thousands of families after funeral insurance 'fiasco'
Thousands of Australians who collectively lost millions of dollars to failed funeral insurer Youpla could now get some of their money back, under a newly announced government scheme.
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Dispute grows over decommissioning of aging Chevron oil and gas infrastructure off Pilbara coast
The Shire of Ashburton is evaluating legal options against two companies as Chevron Australia seeks to push ahead with dismantling the aging Thevenard Island infrastructure.
Goldfields miners sniff an opportunity in the wind
The state's resource-rich Goldfields region has been swept up in the global push to renewable energy, with billions in mining investment driving the development of six wind farms.
It's a $2.2 billion industry that's notoriously hard to quit but here's how to cancel your gym membership
Experts warn that gym memberships can be tricky to cancel, but there are ways to ensure you're treated fairly.
Prince Harry takes aim at Piers Morgan after big payout
Prince Harry's lawyer says the royal has settled the remainder of his lawsuit against Mirror Group Newspapers over phone-hacking and other unlawful acts.
Penny Wong delivers Indian Ocean strategy speech, urges China to be more transparent amid military build-up
In a high-profile speech laying out Australia's Indian Ocean strategy, the foreign minister warned against political interference and economic coercion, urging China to be more transparent about its military build-up.
Business Analysis
Analysis by Michael Janda
analysis:Australian households are no longer driving demand and inflation, so why punish them with higher interest rates?
In just half a sentence, the Reserve Bank board dashed the rate cut hopes of millions of mortgage borrowers. Does it risk condemning the Australian economy to recession as well?
Analysis by Ian Verrender
analysis:Why the cost of living crisis could worsen even if the RBA leaves rates on hold
Leaving the cash rate unchanged today is all but a foregone conclusion for the RBA. Behind closed doors, you can't help but wonder if November's rate hike was a mistake as the economy cools, writes Ian Verrender.
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With a cost-of-living crisis, inflation and higher interest rates plus global economic headwinds, Rachel Pupazzoni looks at the week in business and finance.
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