Skip to main content

Currency

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.
Updated
Michele Bullock, looking at journalists, wearing a light blazer, standing at a podium, during a press conference

Bob Katter's 'cashgate' shines the spotlight again on your legal tender rights

Disgruntled MP Bob Katter made headlines this week after his cash was rejected by a café — in Parliament House, of all places. The incident sparked national debate again, so what are your rights when it comes to paying in notes and coins?
Updated
A man with a $50 note

AGL leads ASX higher, Chinese markets gain despite horror deflation numbers

Australian shares end higher after AGL posts a better than expected half-year profit and upgrades its forecast for the full year. Mainland Chinese shares shrug off the worst deflation numbers since the global financial crisis. Look back on how the trading day unfolded.
Updated
A man looks at stock prices through the window of the ASX in Sydney.

ASX snaps two-day losing streak, NAB appoints new CEO

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.
Updated
NAB sign with red star logo and 'nab' in white lettering. Red star reflects off corresponding roof and walls.

Bullock says RBA 'didn't make a mistake' with November rate hike, doesn't rule out future increases — as it happened

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.
Updated
An older woman with a dark grey bob and glasses speaks into a small microphone in front of a blue screen.

ASX drops on mining sector as China's markets slump again, RBA starts two-day rate meeting — as it happened

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.
Updated
A mobile phone is held in a person's hand at the ASX in Sydney

As it happened: ASX closes at record high following tech surge, DP World industrial dispute ends

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. 
Updated
The short ends of shipping containers at Outer Harbor near Port Adelaide.

ASX drops from record high as Commonwealth Bank leads financial slide

A slump in banking stocks leads the Australian share market off its record high, as the US Federal Reserve douses rate cut expectations. See how the day unfolded on our markets blog.
Updated
Two women look at a share price board outside the ASX in Sydney.

Australian share market hits all-time high after inflation falls to two-year low — as it happened

The Australian share market sets a new record high after inflation hit a two-year low in the December quarter, as economists forecast interest rate cuts from the Reserve Bank could come sooner than expected.
Updated
Shoppers on escalators in Myer in Perth's CBD.

Christmas retail sales slump on consumer pessimism, ASX near record high — as it happened

Last month's Christmas and Boxing Day sales were much worse than expected for Australian retailers. Meanwhile, the ASX was a whisker away from a record high.
Updated
An image of a shop window advertising discounted clothes in Sydney

analysis:Elon Musk's 'train wreck' performance rattles the faithful

Elon Musk has always been a trailblazer but his erratic business antics and Tesla's shrinking margins appear to show the wheels are falling off the well-hyped machine, writes Ian Verrender.
A middle-aged man in a suit pushes his fingertips together onstage in front of a black and white backdrop.

Evergrande liquidation fails to dent share market gains, as ASX nears record — as it happened

A Hong Kong court orders the winding-up of indebted Chinese property developer Evergrande, and the ASX holds on to modest gains. Look back on our markets blog to see how today's events unfolded.
Updated
The logo of the China Evergrande Group on the side of a glass office building with fog in the background.

Investors 'picking up pieces of their life' after rich-lister faces class action alleging he misled them

One of Australia's richest men Andrew Budzinski faces a class action over allegations that he and his company, IC Markets, misled thousands of everyday investors who may have collectively lost hundreds of millions of dollars trading in risky financial products.
Man with glasses

As it happened: Australians are hoarding cash and so are criminals, says RBA

Between $7 billion and $11 billion of the nation’s cash is being used in the shadow economy to fund tax avoidance or other illegal purposes such as buying illicit drugs, according to the Reserve Bank. The news comes after the Australian stock market rose for a fifth consecutive day, hitting a three-week high before the Australia Day long weekend
Updated
Australian banknotes, mostly $50 bills, strewn over a flat surface.

ASX finishes flat as mining rally offsets falls elsewhere, markets eye stage 3 tax tweaks — as it happened

The Australian share market closes fairly flat as investors sell out of other sectors to pile into mining stocks. This is how the trading day unfolded on our live blog.
Updated
Two women look at a share price board outside the ASX in Sydney.

As it happened: ASX closes higher, households are more indebted, so do we need tougher lending rules?

Australian households' debt-to-income ratio has reached 185 per cent of disposable income. Is it time to impose tougher lending restrictions? Read about this and how the Australian share market closed higher on Tuesday after an optimistic streak on Wall Street that pushed US stocks to a fresh record high.
Updated
Drone view of housing rooftops and roads

Whether you understand it or not, bitcoin 'is here to stay' — and experts say it's about to get even easier to invest

The decision by the US Securities and Exchange Commission to approve bitcoin exchange-traded funds was a decade in the making that's legitimised crypto — and experts say it won't be long before Australia follows suit.
A representation of virtual currency Bitcoin and US banknotes.

ASX rises, Liontown plunges on funding setback, Wall Street becomes bull market — as it happened

US shares hit a record high despite rate cut bets being further scaled back amid economic optimism and comments from a voting Federal Reserve official describing rate cut talk as "premature". Look back on our markets blog to see how Wednesday's events unfolded.
Updated
The Charging Bull statue in New York's financial district

IMF warns the Reserve Bank may need to lift interest rates again, ASX records strong gains despite retail worries — as it happened

The ASX climbs strongly across most sectors, despite signs of a consumer spending slowdown and an IMF warning that interest rates may need to rise further. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
Updated
A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting

Unemployment rate and part-time work shift 'good news' for the RBA, ASX falls for fifth-straight day — as it happened

Economists say Australia's unemployment rate remaining steady at 3.9 per cent in December will be "good news" for the RBA, while the ASX finished lower for the fifth-straight day.
Updated
Business people walk past a shiny black sign that reads "Reserve Bank of Australia".

China's economy has 'lost momentum', gold miners drag ASX lower — as it happened

Australian shares close lower as Chinese GDP data confirm an economic slowdown. Look back on our markets blog to see how Wednesday's events unfolded.
Updated
A surveillance camera is silhouetted behind a Chinese national flag in Beijing.

ASX hits four-week low as commodity stocks slip on weaker prices: as it happened

The Australian share market has hit a four-week low, dragged down by commodity stocks on weaker prices, with heavyweight miners hitting their lowest level since early December.
Updated
A large truck carrying iron ore drives up a hill

Tiwi elders lose cultural heritage case against Santos; household spending falls: as it happened

The Federal Court dismissed a challenge by three Tiwi elders who were trying to stop gas giant Santos laying a pipeline near their islands off northern Australia. 
Updated
A man in his-vis gear walks past an ASX share price board.

Mining and energy offset bigger falls on ASX amid surprise US inflation uptick — as it happened

The Australian share market closed lower on Friday, with the benchmark S&P/ASX200 index down 0.1% to 7,498.3 points, crossing below its 20-day moving average.
Updated
A man looks at a share price board outside the ASX in Sydney.

ASX gains as interest rate sensitive sectors bounce, US regulator approves Bitcoin ETFs — as it happened

Interest rate sensitive sectors such as discretionary retail, real estate and banking led the ASX higher on Thursday, while Bitcoin climbed after the US regulator approved a number of exchange-traded funds. See how the day unfolded on the ABC News live markets blog. 
Updated
Two large gold coins bearing engraved "b"s lie on top of a complex financial line-and-bar graph