8@eight: North Korea knocks markets as Budget impact felt
The local sharemarket is set to drift lower at the open, following global markets down as investor caution returned.
Latest Business News
Bank of England seen preaching caution
The Bank of England is likely to lift its inflation outlook, yet downplay expectations for a rate increase anytime soon.
Traders await key US crop report
For the first time in 29 years, global harvests of corn, soybeans and wheat are poised to fall simultaneously.
S&P; 500 touches record high, then eases
The S&P; 500 fell after edging up to an intra-day record high for the second straight session. Apple tops $US800 billion mark.
US dollar gains v $A, yen and euro
The Australian dollar fell to its lowest against the greenback since the first week of January.
Oil falls on OPEC v US shale battle
Oil prices fell, rattled by concern over slowing demand, a rising US dollar and increasing US crude output.
Morrison's fresh start budget comes with fresh pain
Scott Morrison has delivered a surprisingly big taxing budget that pays for the last burial rites of the 2014 toxic Abbott legacy.
Commodity investors needn't fear Fed
Raw materials perform best when the US central bank is hiking rates, according to Goldman Sachs.
Nikkei flirts with 20,000
Nader Naeimi can't ignore it any longer after Japanese stocks added more than $US210 billion in value in less than a month.
Pimco sees rising 10-yr US yield
The 10-year US Treasury yield may climb to 2.75 per cent to 3 per cent over the "medium term'', according to Pimco.
Federal budget 2017 summary: new taxes, banks bashed, more money for schools, rail and the disabled
Live coverage of the Australian federal budget 2017, as Treasurer Scott Morrison reveals the government's spending plans.
ACT overlooked rather than attacked: Barr
GST and grants funding for Canberra holds up, but no significant infrastructure spend.
Winners and losers: public service
The Department of Human Services will shed nearly 1200 full-time jobs next financial year.
Budget 2017: Small business celebrates win on tax break
A popular tax write-off scheme for small businesses will be extended for another year in a significant win from the Budget for the sector.
Regional students and apprentices win as government commits to Gonski 2.0
Regional university students will score treats from the federal budget goody bag, but most of the higher education sector will be left with crumbs as expected.
Treasurer can claim fairness and opportunity, but not much security
Federal Treasurer Scott Morrison claims that the government's 2017 budget is founded on fairness, security and opportunity. He has some claim when it comes to fairness and opportunity, but there's a gaping hole around security.
Super tax concessions to speed Canberra home buyer savings
The government wants to speed first home buyers' entry into heated property markets with super tax concessions on deposit savings.
Surplus expected within four years
Consumers are expected to spend more and the global economy is forecast to pick up pace, allowing for faster economic growth in coming years. But Australians shouldn't expect to see too much more in their pay packets, nor are prices expected to rise significantly.
Canberra family welcomes lift on medicare rebate freeze and continued childcare support
A young Canberra family has welcomed the federal government's move towards cheaper doctors visits and continued childcare support.
Super and home downsizing plans welcomed for older Australians
Older Australians downsizing from large family homes have received a generous push in the federal budget.
Defence boosts staffing, takes razor to private sector spending
Defence is reversing years of cuts to its large workforce of public servants, but Canberra's private contractor market can expect a hit.
Rail focus to bring hope to fast-train enthusiasts
Afghanistan exhibition space funded at War Memorial, fast-rail projects in government's sights.
Budget 2017: winners and losers
The banks are among the biggest budget losers.
ACT a bystander as Morrison spends big
Little comfort for Canberra as the Coalition splashes the cash.
Budget for millionaires, says Labor
Labor leader Bill Shorten says the federal budget delivers a tax cut for millionaires and a tax hike for every working Australian.
Public service misses out on Morrison's big spend
Austerity as usual in the Australian Public Service
Victoria shortchanged in $75b infrastructure spending spree
A 10-year, $75 billion infrastructure spending spree, including a potential buy-out of the Snowy Hydro scheme from the states and a $20 billion "once in a generation" rail line upgrade, is the centrepiece of the Turnbull government's economic growth plan.
Federal Budget 2017: Foreign home buyers hit by vacancy tax and restrictions
Foreign ownership in new developments will be restricted, there will be steeper charges, less favourable tax treatment and charges on those with empty properties.
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Big infrastructure projects in the federal budget
The key infrastructure projects announced in the 2017 federal budget on Tuesday, May 9, 2017. (AAP Video)
Small Business
Small business celebrates Budget win on tax break
A popular tax write-off scheme for small businesses will be extended for another year in a significant win from the Budget for the sector.
The world's five most exotic co-working spaces
How to escape the 9-5 grind and work in paradise.