The Australian share market tumbled and the Aussie dollar gained ground, as hotter-than-expected inflation dialled back interest rate cut expectations. Commonwealth Bank economists are among those now expecting no further rate cuts this cycle.
Seven West Media and Southern Cross Media propose a merger, with Kerry Stokes to step down in February. The RBA is expected to keep the cash rate steady. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Local share markets closed flat after trading in negative territory for most of the day. Mining giant BHP shares slipped, following reports China's state iron ore buyer slapped a temporary ban on iron ore imports from the company.
Australian and Japanese shares rise after US President Donald Trump announces a tariff and investment deal with Japan. Look back at the day's events and insights from our business reporters on the markets blog.
Markets are pricing in a more than 90 per cent chance of a 0.25 basis point interest rate cut when the Reserve Bank hands down its decision today. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
At the largest ASX-listed companies, chief executives continue to earn 55 times the average earnings of an Australian worker, but termination payouts for the business elite have dropped to their lowest level in 15 years.