Business

Healthscope’s lenders have backed a proposal to turn the nation’s second-biggest hospital operator into a not-for-profit company following its financial collapse last year.

After months of mixed messages, RBA chief Michele Bullock has finally pointed the finger, accusing Jim Chalmers’ big-spending government of fuelling the price surge that’s forcing rate hikes.

The taint of the disgraced financier will endure.

As a wise man (probably) once said ‘if you have a dumb maxim, you get dumb outcomes’

Reserve Bank of Australia Governor Michele Bullock has told MPs government spending is pushing up inflation. Westpac is now forecasting a May rate hike, after Ms Bullock warned of another interest rate rise.

Atlassian co-founder Mike Cannon-Brookes told sceptical investors it’s building a “f..king great business” even as its stock price collapses.

Yum Brands, the parent company which owns Pizza Hut in the US, says it is targeting underperforming restaurants in its system.

The value of cryptocurrency bitcoin has again fallen, its decline accelerating amid what analysts view as weakening risk sentiment.

British-Australian mining giant Rio Tinto says it has abandoned talks over a potential merger deal with rival Glencore.

Opposition MPs are set to keep accusing Treasurer Jim Chalmers of stoking inflation when Reserve Bank officials appear before a parliamentary hearing.

An appeals body has overturned a 2024 decision by the Privacy Commissioner, ruling the hardware giant ‘was entitled to use FRT for the limited purpose of combating very significant retail crime’.

While weight-loss drugmaker Novo is bracing for a sales decline, rival Lilly sees revenue charging ahead thanks to its blockbuster medicines.

Uncle Sam and Australia’s export bank are willing to tip nearly $1 billion into a proposed nickel-cobalt project 70 kilometres out from Kalgoorlie as part of a joint critical minerals resilience drive.

Commonwealth debt is on track to reach $1 trillion within weeks. It is a sobering milestone, particularly given Federal debt was effectively nil in 2007.

Gold and silver investment funds in Australia are seeing record interest from ordinary mum-and-dad investors that are also contributing to unprecedented global volatility in metals prices.