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The Australian share market has closed higher as bargain hunters moved in following falls in morning trade. The fortunes of the local market reversed in the second half of the day as traders looked..
An increase to the age at which Australians can access their superannuation is inevitable, Treasury Secretary Martin Parkinson says. The Abbott government on Tuesday said it would not be making any..
It's only taken a few days for Treasurer Joe Hockey's 'horror' budget to have an impact on people's willingness to spend. ANZ-Roy Morgan Consumer Confidence fell 3.2 per cent in the week the federa..
Ongoing weakness in the labour market is giving the RBA no reason to raise interest rates, and plenty of reason not to. In the minutes of its board's May monetary policy meeting, the central bank s..
Superannuation advocates have urged the federal government not to rush any changes to the age at which people can access their retirement savings. Treasurer Joe Hockey has hinted the government cou..
Winemaker Treasury Wine Estates (TWE) will slash hundreds of jobs as part of major cost cutting moves after rejecting a $3.05 billion takeover proposal from a US investment firm. TWE, whose labels ..
Australians are likely to continue spending in the months ahead, despite a possible dent to confidence from the federal budget. Economy-wide spending rose 1.6 per cent in April, despite talk of a t..
The Australian bond market is slightly weaker after US stocks gained ground during the overnight session. St George economist Janu Chan said there was very little to drive bond futures prices. "..
