Australian housing 'flashing red'

John Williams, president of the Federal Reserve Bank of San Francisco.

Pre-emptive interest rate hikes aimed at curbing Australia's property boom and surging household debt are likely to be "very costly," warns US central banker John Williams.

Turnbull dangles byelection threat

Jacob Greber

Bitter divisions within the Liberal Party have hardened with Prime Minister Malcolm Turnbull threatening to quit Parliament if he is dumped.

The Minerals Council of Australia says ultra supercritical coal-fired power plants are now cheaper.

Costs of clean coal coming down

Mark Ludlow

The cost of building a next-generation coal fired-power station is almost $1 billion cheaper than previously thought, according to new reports commissioned by the Minerals Council of Australia.

Mining states are punished for their resources development under the current GST formula.

GST encourages states to raise taxes

Mark Ludlow

States have hit out at the current GST system saying it encourages them to raise taxes to try and balance their budgets rather than undertake serious economic reform.

Little Rock Police Chief Kenton Buckner speaks during a news conference.

At least 25 shot at US nightclub

Avi Selk

Little Rock Police Chief Kenton Buckner told reporters at the weekend that the shoot-out appeared to be the result of an ongoing dispute between two rival gangs.