‘Bread and butter’ relief features in restrained budget
Tolls, trains, schools and hospitals are all slated for an upgrade in a cautious state budget intent on delivering services in rocky economic times. NSW Treasurer Daniel Mookhey will deliver…
Ex-Federal Reserve chair Alan Greenspan dies aged 100
Alan Greenspan, hailed as the greatest Federal Reserve chairman when he retired in 2006 but derided for a severe financial crisis that followed barely two years later, has died aged…
‘Giant of a man’ US Fed ex-chair Greenspan dies at 100
The US Federal Reserve has expressed “deep sadness” at the death of former Fed chairman Alan Greenspan at the age of 100. His wife of 29 years, NBC news correspondent…
Stocks waver, oil falls as traders weigh Iran talks
European stocks and US futures have fallen slightly and oil prices have dipped after Iranian negotiators said progress had been made in peace talks with the United States, helping calm…
Fuel costs to creep up as states back excise return
Drivers will pay $10 more to fill a 65-litre tank of fuel when tax relief designed to combat surging fuel prices begins to wind back. The move comes after a…
Second case of deadly avian flu detected in Australia
A second bird has tested positive for a deadly strain of avian flu as Australia’s largest poultry producer plunges its farms into lockdown. The H5N1 strain of the flu has…
Supplier sees signs illegal tobacco crackdown hits mark
Food and liquor sales have picked up and there are signs a national crackdown on illegal smoking products is working, a leading retail supplier says. Metcash, which supplies goods to…
Record cash splurge ahead of state’s high-stakes budget
Record infrastructure spending has been unveiled by a state government set to reveal how it will provide cost-of-living relief while preparing to host the Olympics. Queensland Treasurer David Janetzki has…
Australia inks $2.5b defence system deal with Canada
Australia will provide Canada with over-the-horizon radar technology in the largest defence export deal in the country’s history. The $2.5 billion agreement is the first time the Australian technology has…
Shoe chain tells UK share predator offer is ‘rejected’
Australia’s largest shoe store chain has branded a takeover attempt by a major British retailer trying to gain more influence over its board as inadequate. Frasers Group’s on-market buy-up offer…