Business

Karratha Gas Plant, North West Shelf Project.
Companies
Daniel Newell

Woodside, Chevron swap assets in North West gas deal

The asset swap is set to streamline Woodside’s portfolio and open it up to further growth opportunities, says CEO Meg O’Neill.

Updated
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Shayne Elliott, outgoing chief executive officer of ANZ.
Business
Sean Smith

ANZ cops first pay strike, CEO losses bonus reward

Angry shareholders have delivered a first strike against ANZ over its bond trading scandal and forced the bank to withdraw a bonus reward for retiring chief executive Shayne Elliott.

Updated
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Video
Australians are running the risk of leaving thousands of dollars on the table in the form of unclaimed private health insurance extras.
Australia
Digital Staff

Millions of Australians have just days to claim up to $1750

Australians are running the risk of leaving thousands of dollars of benefits on the table when the calendar ticks over to 2025.

Updated
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The federal budget is expected to be $21.8 billion worse off than forecast over the next four years. (Darren England/AAP PHOTOS)
Politics
Jacob Shteyman

Aussies in for higher taxes, service cuts to fix debt

Widening budget deficits and growing interest payments will limit Australia's flexibility to fix the problems of the future, economists have warned.

Updated
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Tiktok’s owners are taking legal action in the US Supreme Court.
Technology
Staff Writers

Supreme Court consider laws that could ban TikTok

The top court in the United States says it will hear arguments over a law that could bring a ban for TikTok.

Updated
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Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, Dec. 18, 2024, in Washington. (AP Photo/Jacquelyn Martin)
Business
CNBC

US Fed Reserve cuts rate, disappoints market

The Federal Reserve on Wednesday lowered its key interest rate, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years. 

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There’s only one way to extract us from a decade of deficits, writes Jackson Hewett.
analysis
Australia
Jackson Hewett

There’s only one way to extract us from a decade of deficits

JACKSON HEWETT: Jim Chalmers may claim that ‘responsible economic management is the hallmark of the Albanese Government’ but there’s only one way to extract Australia from a decade of deficits.

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Treasurer Jim Chalmers has applauded the Albanese Labor Government for ‘the biggest-ever budget turnaround in a parliamentary term’, recording a deficit of $26.9 billion.
updated
Politics
Jackson Hewett and Nicola Smith

Fierce economic battle erupts as gloomy outlook revealed

Labor and the Coalition have drawn the battlelines for a ‘tax and spend’ versus ‘slash and burn’ contest in next year’s election, after the Treasury’s mid-year Budget update predicted a gloomy outlook

Updated
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ASIC cancelled the financial services licence of Binance in April 2023 after it incorrectly classified hundreds of retail customers as wholesale investors.
Business
Cheyanne Enciso

Crypto giant sued over alleged consumer protection failures

Australia’s corporate watchdog is suing the local arm of global crypto giant Binance after more than 500 retail clients were “denied important consumer protections”.

Updated
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National Australia Bank chief executive Andrew Irvine.
updated
Business
Sean Smith

Retiring NAB directors reveal regrets

Anne Loveridge and Doug McKay provided their rare admissions after being asked at NAB’s annual general meeting in Melbourne to reflect on their time with the bank.

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Beijing is staring down another tough year for the Chinese economy.
World
The Economist

China’s economy is in for another rough year

Bold action in Beijing is needed to turn things around.

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Japanese automakers Nissan Motor and Honda Motor reportedly plan to enter into negotiations for a merger
Companies
CNBC

Major car makers to begin merger talks to rival giants

Two major Japanese automaker brands are reportedly planing to enter negotiations for a merger to better compete in the rapidly changing global automotive industry.

Updated
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The slow, painful drip of Budget downgrades has exposed the long term structural issues that Australia must resolve, writes Jackson Hewett.
analysis
Australia
Jackson Hewett

Drip of Budget downgrades exposes $25b black hole of debt

JACKSON HEWETT: The slow, painful drip of Budget downgrades has exposed the long term structural issues that Australia must resolve if the country is to avoid becoming a nation of permanent government debt.

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Australians have lost confidence around the outlook for the economy.
Business
Cheyanne Enciso

Sentiment stalls with renewed concerns about economy

Australians have ended 2024 with fresh concerns about the outlook for the economy despite consumer mood improving markedly over the year.

Updated
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Peter Dutton says gas is ‘incredibly important’ and will lower bills.
updated
Politics
Ellen Ransley

‘Torpedoing credibility’: Fresh stoush in power bill battle

The Albanese Government claims Opposition Leader Peter Dutton is ‘torpedoing his own credibility’ in the latest round of the political fight over Australia’s energy future. 

Updated
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