A measure of Australian consumer sentiment fell for a third straight month as disappointing news clouded the outlook for the economy, a survey showed on Wednesday. Interestingly, all the deterioration in June came from female respondents,
When Philip Lowe, in his first statement as Reserve Bank governor, said the bank wasn't full of "inflation nutters," he added some rare colour to the often dry world of central bank speak. Nine months on, he has continued to show he's a good talker.
As the gap between Australian and American rates narrows, other things being equal, the Aussie dollar should weaken against the greenback. The problem is that the theory isn't working.
A measure of business conditions eased just a touch from decade highs in May with growth reported across all sectors.
The abrupt end to the commodities supercycle drove the RBA to join the global currency war.
Australia's highest-risk taxpayer has lost an appeal in the Federal Court on a $15 million tax bill relating to interest income.
There's no denying the economy has slowed down, by far more than we were expecting. But don't conclude it's likely to subside into recession any time soon.
The fall is fuelling speculation of a property downturn following a crackdown on investor loans.
Australia's trade surplus collapsed in April as damage wreaked by a massive cyclone in Queensland almost halved exports of coal.
OECD names house prices as the biggest domestic threat to Australia's economic growth.
Australia has broken the record for the longest run of uninterrupted growth in the developed world, figures released by the Australian Bureau of Statistics have revealed.
Treasurer Scott Morrison has warned the economy's future is not yet secure as Australia prepares to stumble across the line on Wednesday to grab the world record for the longest period of consecutive growth.
It looks like déjà vu all over again for Scott Morrison as he fears another weak gross domestic product figure on Wednesday.
The Reserve Bank of Australia has left the cash rate at a record low 1.5 per cent for the 10th consecutive month.
A review into the people and processes of the ATO following the alleged abuse of position by one of its highest ranking officers is "inevitable", Inspector-General of Taxation Ali Noroozi says.
Australia's current account deficit narrowed to its smallest in more than 15 years last quarter courtesy of surging prices for its major resource exports, providing a bulwark for the country's endangered triple-A credit rating.
There are clear signs that the consumers who have driven much of Australia's growth are running out of puff.
Revealing the secret identifies behind shell companies and opaque trusts is the "new frontier" in fighting tax evasion, says the OECD's head of tax Pascal Saint-Amans.
Company profits grow 40 per cent while wages grow 0.9 per cent
Australians are some of the most pessimistic in the world, with seven out of 10 believing their kids will end up worse off than they are.
Job advertisements rose for a third straight month in May, a promising sign for continued labour demand even as official figures on employment remain patchy.
Market bets on an interest-rate cut by the end of this year have doubled in the past month.
The World Bank has maintained its forecast that global growth will improve to 2.7 per cent this year, citing a pick-up in manufacturing and trade, improved market confidence and a recovery in commodity prices.
It's too early to be sure, but not too early to suspect that, if we and the other developed economies keep travelling the way we are, conventional wisdom about what constitutes good economic policy may soon need to be turned on its head.
No-one ever got rewarded for putting the economy into recession.
We won't go cashless, but we could see limits and restrictions on cash transactions, says Black Economy Taskforce chairman Michael Andrew.
How do you battle perceptions that girls are bad at maths and science when the people telling you that may be your family?
There's nothing like losses to focus an investor's mind.
One of the most significant, but least remarked upon, features of this year's budget is Malcolm Turnbull's decision to greatly expand the government's involvement in the construction of public infrastructure.
There's nothing like a prominent visiting economist spruiking imminent ruination to get plenty of media attention.
Ten years ago practically every mother wanted to start a start-up. Everything's changed.
The Goods and Services Tax has been a part of the Australian business landscape for almost 17 years now. There have been some changes over that time, such as the increase in the income threshold requiring compulsory GST registration up to $75,000, but in many ways the GST system is largely unchanged.
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