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Business, Economics and Finance

live:ACCC warns east coast could face gas shortfalls by 2027, ASX lower

The Australian share market is trading lower on Friday, while a report by the ACCC has warned that the eastern states could face a gas shortfall by 2027 — a year earlier than it had previously predicted. Follow live.
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A gas flare

Thursday Finance with Alan Kohler

Here's finance with Alan Kohler.
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ABC News Current
Duration: 1 minute 48 seconds

Are derelict homes part of the answer to Australia's housing crisis?

Local governments and property law experts are calling on state governments to use their powers to force the owners of vacant and derelict properties to use them or lose them.
ABC News Current
Duration: 4 minutes 16 seconds

The Coalition's plan to break up Australia's supermarket duopoly faces criticism

Former ACCC Chair Graham Samuel has slammed the Coalition's divestiture plan as shock populism.
ABC News Current
Duration: 3 minutes 38 seconds

Relief for renters could soon be on the horizon.

Domain's June quarter update has revealed while rental prices across the country are at record highs, the pace of growth is slowing. Domain's Chief of Research and Economics Dr Nicola Powell says it's probably too soon to definitively say, but there are signs the market has peaked.
ABC News Current
Duration: 3 minutes 42 seconds

Relief for renters could soon be on the horizon.

Domain's June quarter update has revealed while rental prices across the country are at record highs, the pace of growth is slowing.
ABC News Current
Duration: 3 minutes 42 seconds

The Coalition's divestiture plan break up Australia's supermarket duopoly faces criticism

This week the Coalition announced a plan to break up Australia's big supermarkets, to fight price gouging - divestiture powers. But it's been questioned not only by Labor, but by one of its supporters, former ACCC Commissioner Graham Samuel, who has slammed it as shock populism.
ABC News Current
Duration: 3 minutes 35 seconds

Nearly 140,000 homes are vacant around Australia

Professor Cathy Sherry says housing is a basic human need and the property sector needs to be regulated for the community's benefit.
Vacant Properties, Derelict Homes: A dilapidated set of terrace houses with wire fencing out the front.
Duration: 7 minutes 35 seconds

ASIC 'way too big' to function effectively: Senator Bragg

Andrew Bragg says the corporate watchdog is too cumbersome to effectively perform its law enforcement functions.
Scathing Findings, ASIC Inquiry: Close up of the ASIC logo viewed on a computer monitor.
Duration: 3 minutes 56 seconds

As it happened: Fall out from the ASIC report, wheat prices tumble, ASX closes higher

Reactions to the parliament's ASIC inquiry, a look at what's brought wheat prices down and the ASX closes trading higher: as it happened with our business reporters on the ABC News markets blog. 
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A stock market watcher stands in front of an ASX board.

'Am I a cash cow?' Australia loses favour with international students after visa fee hike

A steep hike in visa fees is pushing current and prospective international students to consider other universities outside of Australia.
A woman with short black hair sips a coffee.

Australia a 'haven for white collar crime' because of bad culture at ASIC

A 20-month Senate inquiry has found Australia's corporate watchdog ASIC has a rotten culture and that's led to Australia becoming a haven for white collar crime.
ABC News Current
Duration: 3 minutes 2 seconds

Wednesday finance with Alan Kohler

Retail sales went up by 0.6%, about twice as was expected.
ABC News Current
Duration: 1 minute 55 seconds

A deep dive into the chequered history of ASIC as 20-month Senate Inquiry ends

ABC's chief business correspondent Ian Verrender looks back at ASIC's history and discusses the likely way forward for Australia's corporate watchdog.
ABC News Current
Duration: 3 minutes 54 seconds

Future Made in Australia legislation faces opposition from both the Coalition and the Greens

The Head of the Association of Mining and Exploration Companies, Warren Pearce says it's crucial The Future Made in Australia legislation is passed. The 23-billion-dollar centrepiece of the May budget has taken its first step to being enacted, being introduced into the lower house today.
ABC News Current
Duration: 5 minutes 10 seconds

'I didn't know where to start': Helen was thrust into a bureaucratic nightmare when her son died without a will

When Quintin Bowen died suddenly in his early 30s without a will, it left a complicated legal mess for his grieving mother that took more than five years to sort out.
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A young man with his arm around his mum. He is wearing a hat a striped polo. She has bright red hair.

'It's pretty annoying': China wants more visitors from Australia, but going cashless presents some problems

Starting this month, many Australians travelling to China will no longer need to apply for a visa, but some challenges and inconveniences remain for foreign travellers when it comes to paying in the largely cashless society.
Four people standing in front of a shop sign in Chinese

RBA minutes reveal the central bank considered the case for rate rise

ANZ senior economist Catherine Birch says if household spending and economic growth picks up by August, and inflation is still high, the RBA would have a reason to hike interest rates.
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ABC News Current
Duration: 2 minutes 53 seconds

How MCoBeauty gets away with its makeup dupes without being sued

Australian company MCoBeauty has made a multi-million-dollar name for itself through openly 'duping' popular — and often more expensive — luxury makeup brands such as Charlotte Tilbury.
Two tall glass bottles with gold fluted caps and doe foot applicators in front of glamourous lights.
Duration: 6 minutes 8 seconds

Tuesday finance with Alan Kohler

The minutes from the last Reserve Bank Board meeting have confirmed that they considered raising interest rates by decided not to.
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ABC News Current
Duration: 1 minute 41 seconds

ASX loses ground, RBA Board minutes show concern about heightened inflation risks — as it happened

Australia's share market lost ground, as the minutes of the recent Reserve Bank Board meeting showed officials are concerned about "upside risks" to inflation. Look back on our blog to see how today's events unfolded.
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ASX in Sydney

This 77-year-old is thriving alongside his Gen Z colleagues. Here's his secret to career longevity

More people are retiring later in life. Here's how these Australians stay happy and engaged at work.
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Barry Foreman leans on a box inside a Fedex warehouse

EOFY Wrap with Alan Kohler

House prices are up for the sixteenth month in a row
ABC News Current
Duration: 1 minute 48 seconds

What led to the better-than-expected year for super

It turned out to be a stronger-than-expected financial year for many people's retirement savings, with record high stock markets driving up super balances – despite cost-of-living worries and worries about higher interest rates.
ABC News Current
Duration: 3 minutes 29 seconds

'Hundreds of thousands' of tradies needed to prop up Australia's construction sector

Matt Mackey from building consultant, Arcadis, says the construction sector is facing a multitude of headwinds.
ABC News Current
Duration: 4 minutes 27 seconds