Business

Latest Business News

The government's mid-year budget update and a possible ratings downgrade are on investors' minds.

Markets Live: AAA in crosshairs

ASX shrugs off last week's weakness to record a strong start, ahead of the mid-year budget update and a ratings agency downgrade.

The Aussie has lost 2.5 US cents since the Fed last week signalled a faster pace of US rate hikes.

Aussie dollar loses last of 2016 gains

The Aussie has dropped to a six-month low on geopolitical tensions and after US Federal Reserve officials called for a faster pace of rate hikes next year.

null
Video duration
02:05

Big day for ScoMo

The Treasurer will reveal how the economy's books look with suggestions debt has blown out, threatening Australia's AAA credit rating. Courtesy ABC News 24.

Wall Street dropped on firming prospects for a December rate hike.

8@eight: ASX firms as Wall Street cools

The local stock market is set to rise at the open, however, it's unclear if a lacklustre performance on Wall Street will filter through to Aussie financials.

Felicity Jones as Jyn Erso in a scene from, "Rogue One: A Star Wars Story."

Disney's 'Rogue One' surges into weekend with $143m haul

Ticket sales of "Rogue One: A Star Wars Story" through Friday put it on track to top the box office and post one of the biggest opening weekends of the year, validating Walt Disney Co.'s strategy of spinning new stories and characters off of the sci-fi classic.