Millie Muroi

While markets are expecting at least one rate cut before the end of the year, RBA governor Michele Bullock and most of the big four banks disagree.

The ASX 200 Index ended the Friday session with a gain of 0.5 per cent after the ECB became the second major central bank to cut interest rates.

One of the country’s best known cruise line brands, P&O Cruises Australia, will shut down in March next year, leaving many of its ships to be operated by parent company Carnival Corporation.

The Australian sharemarket edged higher on Wednesday following its rally in the previous session.

The country’s biggest bank has reported its net profit slid by 3 per cent as CEO Matt Comyn said the strong immigration rate was helping the Australian economy remain resilient.

Many of the investment behemoth’s top executives have had their pay cut by millions as green investments and lower commodity prices weighed on fiscal 2024 profits.

Philip Lowe says the current tax system is hurting Australia’s productivity, with the GST rate too low and income tax too high.

The star’s first Sydney Show had a few unexpected moments.

Peter Hearl, the chair of drinks giant Endeavour Group, and billionaire activist Bruce Mathieson’s son will both step down following a prolonged public spat between the men over the future of the business amid a plunging share price.

The Ampol chairman will start in Westpac’s top board position, continuing a technology transformation after the bank slimmed down under retiring chair John McFarlane.