Economy | Australian, regional and global economic News | The Sydney Morning Herald

Business

The economy

Advertisement
Reduced demand doing little to stop wholesale power prices rising, says AEMO

Reduced demand doing little to stop wholesale power prices rising, says AEMO

The energy market operator says Australians have been relying less on the grid but it is doing little to stem rising wholesale power prices which reached record highs last year.

  • by Cole Latimer

Latest

'I'll buy cheaper': Australia's property king is exploiting the slump
Property development

'I'll buy cheaper': Australia's property king is exploiting the slump

Harry Triguboff is remarkably calm about the nation's worst real estate slump in a generation, considering he's got more at stake than perhaps anyone on the planet.

  • by Andrew Heathcote
Falling Australian dollar helpful to economy: RBA
Currencies

Falling Australian dollar helpful to economy: RBA

The recent decline in the Australian dollar has been helpful "at the margin" to the domestic economy, says the RBA.

  • by Wayne Cole
Back to the future: Old Ford factory to be recast as renewable energy hub
Manufacturing

Back to the future: Old Ford factory to be recast as renewable energy hub

Danish energy company Vestas has announced plans to build wind turbines at the former site of the Ford automotive factory in Geelong, Victoria.

  • by Cole Latimer and Nick Toscano
'Backflips and turmoil': Shell CEO urges business to take lead on climate
Energy

'Backflips and turmoil': Shell CEO urges business to take lead on climate

Shell has blasted the federal government over climate and energy policies saying business needs to take the lead on climate action.

  • by Cole Latimer
We could be among the world's climate change winners
Opinion
Renewables

We could be among the world's climate change winners

The latest report from the CSIRO says the lowest-cost power from a newly built facility is now produced by solar and wind.

  • by Ross Gittins
Advertisement
Business conditions flat in NSW and Victoria
Employment

Business conditions flat in NSW and Victoria

Most businesses in NSW and Victoria reported flat conditions in January, while the battered retail industry struggled with slow wage growth and high household debt.

  • by Nick Bonyhady
NAB says Reserve Bank will keep rates on hold well into next decade
Interest rates

NAB says Reserve Bank will keep rates on hold well into next decade

NAB changes its call on rates, saying the RBA may have to respond to a weak economy.

  • by Shane Wright
EnergyAustralia to turn charities into mini-power plants
Exclusive
Energy

EnergyAustralia to turn charities into mini-power plants

Electricity company EnergyAustralia is launching a $15 million program to help charities slash their power bills by installing free solar panels and battery systems, turning them into mini-power plants.

  • by Cole Latimer
ATO wins battle to force electricity company to pay tax
Energy

ATO wins battle to force electricity company to pay tax

Electricity poles and wires company Spark Infrastructure has taken a $270 million bath, writing down its South Australian electricity distribution assets and dropping dividends after a new court decision will force it to pay tax.

  • by Cole Latimer
The eurozone hell that haunts Brussels
Opinion
Brexit Chaos

The eurozone hell that haunts Brussels

The eurozone is an unsustainable construct - just one bad election, one geopolitical event, one sovereign downgrade, one eurozone bond crisis away from a "hell" of its own.

  • by Liam Halligan