• AAP53 minutes ago

    Responsible budget reducing debt: Morrison

    Treasurer Scott Morrison says his mid-year budget review will show the Turnbull government is continuing to deliver on "prudent and responsible" economic management. The mid-year economic and fiscal outlook will be released just after midday on Monday and will show government debt $23 billion

  • AAP53 minutes ago

    Budget 'prudent and responsible': Morrison

    Scott Morrison looks set to round off a positive final few weeks of the year for the Turnbull government when he hands down his budget update. Economists expect the 2017/18 budget deficit could be about $3 billion smaller at some $26 billion for the 2017/18 financial year compared to the $29.4 billion

  • Trad to unveil her first Qld budget update
    AAP57 minutes ago

    Trad to unveil her first Qld budget update

    Deputy Queensland Premier Jackie Trad will perform her first official duty as the state's new treasurer when she unveils the government's mid-year budget update. The government in June forecast a $146 million surplus for the 2017-18 financial year after posting a massive $2.8 billion surplus

  • AAP14 hours ago

    Record Aust parcel deliveries on Monday

    Australia Post has never delivered as many parcels in one day as it is about to. Australia Post Group chief operating officer Bob Black says pre-Christmas online shopping has helped fuel a spike in parcel deliveries since early October. Online shopping festivals such as Click Frenzy and Black Friday

  • AAP15 hours ago

    The budget challenges facing Australia

    CHALLENGES FACING SCOTT MORRISON'S BUDGET 1) DEFICITS: Economists expect the Turnbull government will be able to boast a further improvement in the budget position and keep to the promise of a surplus ...

  • Trad defends Queensland 'Robin Hood' tax
    AAP15 hours ago

    Trad defends Queensland 'Robin Hood' tax

    New Queensland Treasurer Jackie Trad has defended her government's planned "Robin Hood" property tax ahead of her first budget update on Monday. Ms Trad dismissed claims from the Property Council ...

  • Morrison to reveal smaller budget deficit
    AAP15 hours ago

    Morrison to reveal smaller budget deficit

    Treasurer Scott Morrison is expected to reveal an improved budget bottom line when he hands down his mid-year review on Monday, gaining a revenue windfall from a buoyant jobs market. Economists expect the 2017/18 budget deficit could be about $3 billion smaller at some $26 billion for the 2017/18 financial

  • AAP18 hours ago

    Aussie market set to start week higher

    The Australian share market is expected to start the week higher, buoyed by a strong lead from Wall Street and a win for the Liberal Party's John Alexander in the crucial Bennelong by-election. AMP Capital chief economist Shane Oliver says the benchmark S&P/ASX200 is likely to gain at least 25 points

  • AAP22 hours ago

    Trump sells tax plan as boost to economy

    US President Donald Trump has defended the Republican tax cut as a good deal for the middle class while boldly suggesting it could lead to explosive economic growth. The legislation, which the Republicans aim to muscle through congress next week, would lower taxes on the richest Americans. Benefits

  • AAP2 days ago

    Elite fight Queen Vic market redevelopment

    Michael Caton's character from iconic Australian film The Castle is no stranger to fighting unwanted development and now the actor is throwing his support behind a slice of Melbourne heritage. The popular screen star is just one of many big names who are making noise in protest of redevelopment

  • AAP2 days ago

    Beware of fuel rip offs: ACCC

    As thousands of Queenslanders take to the roads for Christmas breaks, drivers are being urged to look around for good fuel deals and watch out for price-gouging retailers. Australian Competition and Consumer Commission chairman Rod Sims says Brisbane's petrol market is "appalling", with

  • AAP2 days ago

    Chinese companies opting for ASX

    The number of Chinese companies listing on the Australian share market continues to grow, but they need to work hard to get investor attention. Six Chinese companies had listed on the Australian share market during 2017 by the end of November, bringing the total to 55. The Chinese companies listed

  • AAP2 days ago

    Warnings as Bitcoin hits new record high

    Bitcoin has blasted to another all-time high of just over $US17,750 ($A24,850), up 8 per cent on opening, as concerns grow over the risks of investing in the highly volatile and speculative instrument. The cryptocurrency's staggering price rises - more than 1700 per cent since the start of the year

  • Crown shares rise on $700m divestment plan
    AAP2 days ago

    Crown shares rise on $700m divestment plan

    Shares in Crown Resorts have soared after the casino operator announced a string of asset sales that could deliver a windfall of nearly $700 million. The sales include two floors of its luxury Crown Sydney complex at Barangaroo to its largest shareholder, billionaire James Packer. The casino operator

  • Banks weigh on Aust share market
    AAP2 days ago

    Banks weigh on Aust share market

    The Australian share market has closed lower, driven by falls in banking and utilities stocks. The benchmark S&P/ASX200 stock index closed down 14.3 points, or 0.24 per cent, at 5,997 points. Morgans senior ...