Business

Australia’s petroleum industry is warning the two remaining refineries in Queensland and Victoria are still at risk of closing down despite more generous Federal Government subsidies.

The economic phenomena that dares not speak its name is on the horizon and closing in on Australia fast. Recession.

Base and precious metals have tumbled since the Middle East war started as investors sold to move into cash on worries about global growth.

Some ASX-listed gold miners will bear the brunt of higher fuel prices far worse than others, according to fresh analysis.

Canberra is under renewed pressure to raise taxes on LNG producers to ensure a bigger take from surging gas prices and relieve Budget stress.

Australia’s resources sector is alarmed at reports the Prime Minister’s department is quietly exploring options for a new tax.

Most economists still expect Australia to avoid a recession, but government debt costs are now at 15-year highs as bond traders price in a stormy economic outlook.

Falling sales at struggling kids stationery brand Smiggle has dragged down first-half profit at retail king Solomon Lew’s Premier Investments.

Australia’s wealthiest person Gina Rinehart has retained her crown as the richest among our nation, nearly doubling the closest other mining magnate.

The S&P-ASX200 index has fallen 1.6 per cent and is on track for its lowest close in four months.

Energy analysts suggest the Middle East war’s upcoming consequences of global oil and gas supply shortfalls could spell much higher prices than those quoted this week.

Most Australian households have built up their mortgage buffers to ride out the impacts of higher interest rates and escalating tensions in the Middle East, according to the Reserve Bank.

Members are kicking up a fuss after one of their favourite perks was targeted in the airline’s latest set of changes.

ARN, the network that terminated Kyle Sandilands and Jackie O Henderson, has yet another headache to deal with as the first radio ratings for 2026 are revealed.

The still strong jobs market is giving the Reserve Bank room to lift interest rates in a bid to slow the economy and inflation.