Business news

A surprise rate hike from the RBA boosts the Australian dollar

At a time when inflation is cooling down in Europe and when the Federal Reserve of the United States thinks of pausing the rate hiking cycle, a surpri...

AUD/USD forecast: signal for the week of 5th – 9th June

The AUD/USD exchange rate drifted downwards slightly after the strong American non-farm payroll (NFP) numbers. After peaking at 0.6641 this week, the...

AUD/USD price forecast ahead of the monthly CPI release

Wednesday will be a big day for AUD/USD traders for at least two reasons. First, the monthly inflation report is due out. Second, Wednesday is the las...

4 events to impact financial markets this week and why should trader...

Today is Memorial Day in the United States, and most European banks are closed too. Therefore, liquidity in financial markets is thin, with little or...

AUD/NZD forecast after the Australian jobs data and NZ budget

The AUD/NZD exchange rate dropped to a low of 1.0624, the lowest level since May 11 after the latest Australian jobs and New Zealand PPI data. It has...

AUD/NZD, AUD/USD analysis ahead of May RBA decision

The AUD/NZD and AUD/USD drifted upwards ahead of the upcoming RBA interest rate decision. The AUD/USD price jumped to a high of 0.6643, the highest po...

Coles sales up 6.5pct third quarter to $9.7b

Increasing cost of living pressures on customers have not impacted Coles supermarket sales with results exceeding expectations.

AUD/USD forecast: signal amid the Fed and RBA divergence

The AUD/USD exchange rate has made a bearish breakout in the past few days. It has dropped in the past two straight days as investors predict a diverg...

Square launches new hardware-free tap-to-pay service

Square Australia has launched a new tap-to-pay service that will let merchants accept payments simply via a smartphone.

AUD/NZD, NZD/USD analysis ahead of RBNZ decision

The NZD/USD exchange rate drifted to the highest point since February 16 as traders focused to the upcoming interest rate decision by the Reserve Bank...

Australia’s RBA halts rate hikes, boosting the ASX 200 index

The Reserve Bank of Australia (RBA) decided to stop its interest rate hikes in its February meeting. In a statement, the bank decided to leave interes...

Harvey Norman posts fall in interim earnings, dividend

Harvey Norman shares have fallen more than 10 per cent after the retailer announced a drop in profit and a weak start to 2023.

Temple & Webster shares plunge after profit drop

Shares in Temple & Webster have fallen 25 per cent after the online furniture and homewares retailer reported a 47 per cent fall in half-yearly pr...

JB Hi-Fi sales slowing after record first half

Retailer JB Hi-Fi has reported slowing sales in January after posting a record result in the six months to December.

Auckland flooding, claims inflation to hit IAG margins

Insurance Australia Group says it has already received more than 15,000 claims related to the Auckland storms and expects gross costs to exceed $350 m...

Myer set to double first-half profit

Department store chain Myer has reported its highest sales ever in the first five months of the financial year as it continues its post-lockdown sales...

Is the pace of Australia’s transition towards clean energy fast enou...

Australia, which holds the second spot on the list of thermal coal exporters, seems to be in dilemma these days- the county's rich hydrocarbon resourc...

How are Synlait’s (ASX:SM1) shares faring post FY23 guidance update?

Shares of Synlait Milk were trading in the red territory with a loss of 5.294% shortly after the news surfaced. At the time of writing (12:08 PM AEDT)...

David Jones sold to private equity firm

David Jones will come under Australian ownership after the department store chain was sold to private equity firm Anchorage Capital Partners.

Review ordered on insurance premium rises

Financial watchdogs have ordered life insurance companies to review their premium increases following customer concerns about price rises.