BHP has approved development of the South Flank iron ore mine.

BHP approves $4.5b iron ore mine in WA

The regeneration of Australia's iron ore industry has continued apace, with BHP's board approving construction of a new iron ore mine in WA's Pilbara region.

EnergyAustralia trims some power tariffs

EnergyAustralia has pointed to the "first tangible sign" of easing pressure on household power bills as the retailer announced modest cuts to some electricity tariffs.

A television screen on the floor of the New York Stock Exchange shows the rate decision of the Federal Reserve on ...

Fed hike puts squeeze on banks

Australian banks are being squeezed by higher borrowing costs as the US Federal Reserve accelerates its interest rate hikes and drains liquidity from global financial markets.

At 5am AEST, the Aussie was 1.2 per cent lower at US74.83¢, extending the year-to-date loss to 3.9 per cent.

$A tumbles below US75¢ mark

The Australian dollar tumbled more than 1 per cent, hammered by the prospect of a further widening in the gap between US and Australian interest rates.

Draghi ends ECB bond-buying era

Mario Draghi said the euro-area economy is strong enough to overcome increased risk, justifying the European Central Bank's decision to halt bond purchases.

Opinion

Report warns of emissions handball

The Turnbull government's low-ball carbon reduction target for the electricity sector will force huge emissions cuts on manufacturers, farmers, truckers and airlines to make up the shortfall.

Personal Finance