For the ABC understands, the axe will be taken to dozens of government agencies in tomorrows budget. This is just the latest number of leaks including a rise in the petrol tax and debt levy. The plan to reduce the size of government is expected to sa...
The Reserve Bank has again set record-low interests rate that's likely to be native for some time to boost the economy. In its quarterly statement on monetary policy, the RBA highlighted risks to a pick-up in growth, including a likely sharp decline...
We've got a trough moving into the southeastern state. It's actually a weakening frontal system that's going to be driven south by a ridge of high pressure. It's going to maintain a fairly cloudy conditions but relatively mild air and generally patch...
The Federal government is facing another pre-budget backflash this time over plans to increase the tax on petrol. Next week's budget will include the first hike in the fuel excise in more than a decade. Some coalition back benchers say it amounts to...
Next Tuesday's budget will include a tax levy on high income owners. Federal cabinet has sought to push ahead the tax despite opposition from business groups and growing number coalition benchfronts. Chris Richard ... the Royal Access Economics, says...
Theres been no surprises from the Reserve Bank today with the central bank leaving interest rate on hold as expected. The company statement appeared slightly more upbeat on the jobs market on the back of recent falls in unemployment. The cash rate re...
News Limited has published graphic photographs and a video of a punch-up(打群架) between billionaire businessman James Packer and Channel Nine boss David Gyngell. The fight broke out on Sunday afternoon outside Mr. Packer's Bondi apartment. The pa...
Leading our news this morning, Sinn Fein Leader Gerry Adams has been released for that charge after four days in custody. Police have been questioning Mr. Adams over the 1972 abduction and murder of Jean McConville. Mr. Adams has again denied any inv...
Let's go to finance and the markets have been digesting the recommendations from the government commission of audit. The chief economist at HSBC Australia Paul Bloxham says it is important to get the budget back into surplus but the whole issue has t...
A cold front is moving across NSW, bringing showers on and west of the ranges. A brisk southerly flow is triggering showers and the odd thunderstorm about SA and Victoria. A broad trough over northern Western Australia is producing the odd thundery s...
The Federal Government's Commission of Audit will be on the minds of the state and territory leaders when they gather in Canberra today for the latest COAG (Council of Australian Governments) meeting. The report outlines a series of harsh measures in...
The government will release the much-anticipated commission of audit report today and it is expected to recommend some tough spending cuts. According to reports, it's likely to include a radical shake-up of government departments and a controversial...
The share market closed down almost 1% with all sectors lower. The ASX 200 gave up 49 points. Doing most of the damage on the market today were mining stocks after the fall in the iron ore price overnight and shares in Cabcharge, the Australian's big...
The prime minister has confirmed that next month's budget will target some welfare payments, but any changes to pensions will be put off until after the next election. Tony Abbott says pension indexation and eligibility will need to be tightened. He'...
A new report out today has accused Australia's big four banks of financing companies linked to land grabs and child labor in developing countries. The report was commissioned by Oxfam. It identifies four cases in Cambodia, Papua New Guinea, Indonesia...
