Business

Esteemed economics professor Bruce Preston will join the Reserve Bank board members in charge of setting interest rates, just a fortnight before it makes another crucial decision for the nation’s homeowners.

An accelerating crash in tech stocks was disguised by record highs for ANZ Bank, alongside miners BHP and Rio Tinto on Thursday.

Receivers from global advisory firm Ankura were put into Barbeques Galore on Thursday by the company’s secured creditor, reportedly after directors appointed administrators from Grant Thornton.

ANZ Bank’s CEO said his transformation plan is on track and touted its first quarter results as proof on Thursday morning.

Reporting a lower half-year profit on Thursday, IAG warned that home and motor customers renewing their policies could still expect to be hit with rises above inflation

Home appliances maker Breville says its ‘mitigation efforts’ against Donald Trump’s punishing tariffs have helped it deliver a double-digit revenue growth in the half-year.

Albemarle will mothball its last remaining lithium refining operations in WA and make 250 local workers redundant in a decision the US giant has pinned on Western countries’ inability to compete on costs.

The trade agreements look one-sided, but their consequences may not be.

Australia’s central bank chief Michele Bullock tried to shut down questioning at a tense Senate committee appearance where a Liberal senator likened her to a social media influencer.

The value of a bitcoin has dropped from $US124,000 ($175,000) in early October to around $US70,000 today, and the market value of all cryptocurrencies has dropped by more than $US2 trillion.

CSL’s share price crash is partly being linked to growing vaccine scepticism in the US but the company says the public there will eventually be persuaded by the science again.

Evolution Mining stock was on a tear after doubling half-year net profit to $767 million and adding an extra 13¢ to shareholder spoils, setting the scene for another bumper season for gold miners.

Reserve Bank deputy boss Andrew Hauser says it will do ‘whatever is necessary’ to slow inflation and declared raising productivity Australia’s most urgent economic priority.

AGL Energy will slice off its fledgling telco arm in a $115 million deal that will give the power company an equity stake in Aussie Broadband.

CBA shares surged 7 per cent on its results on Wednesday and its stunning customer growth rates over the second half of 2025 mean it could be right to consider it a growth stock.