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Qantas chief executive Vanessa Hudson is confident that the airline's reputation is slowly recovering after damaging turbulence under her predecessor Alan Joyce. That was the main message from Ms Hudson's first set of full year financial results which saw the Qantas profit fall by 28 percent to $1.2 bilion. Vanessa Hudson speaks with ABC's Peter Ryan. Reporter: Peter Ryan, Senior Business Correspo...

Signs of moderating inflation in July can most likely be put down to the temporary impact of federal and state energy rebates. The Reserve Bank is likely to "look through" the slowing to 3.5 percent in July (from 3.8 percent) and will focus on the quarterly CPI update due on October 30.

Woolworths chief executive Brad Banducci has pushed back on political heat and ongoing claims that the supermarket giant puts profits ahead of the interests of customers and suppliers. Mr Banducci has used his final appearance as Woolies boss to acknowledge the higher cost of living while posting a 93 percent fall in full year profit to $108 million. Reporter: Peter Ryan, Senior Business Correspon...

BHP has warned that China's demand for Australian iron ore has probably plateaued as the world's second biggest economy continues to slow. The mining giant's chief executive Mike Henry says the boom days for iron ore exports are probably over. But he's now feeding another boom with the world's appetite for copper seemingly insatiable.

Coles chief executive Leah Weckert has played down a $1.1 billion full year profit as the supermarket giant balances returns to shareholders with customers hurting from the high cost of living. In response to political and consumer heat over alleged price gouging, Ms Weckert says the Coles profit has remained modest despite a painful period of high inflation. Reporter: Peter Ryan, Senior Business...

The outgoing chief executive of the private health insurer N-I-B has questioned the future viabililty of the public healthcare system and has warned Medicare is already unsustainable. Delivering his final set of financial results, Mark Fitzgibbon says the current taxpayer-funded health system won't be able to handle the pressures of the rapidly ageing population .. and that at some stage wealthier...

The federal government is planning a charter of aviation rights for customers and a new independent ombudsman to oversee complaints about cancelled and delayed flights. Former ACCC chairman Rod Sims has welcomes the crackdown but wants to see measures to force greater competition between airlines to cut ticket prices. Reporter: Peter Ryan, Senior Business Correspondent Featured: Catherine King, Tr...

"The time has come". US Federal Reserve chair Jerome Powell used four words to signal US interest rates will be cut in September. Some traders see a supersized cut of half a percentage point now that Mr Powell has declared victory over inflation.

Treasurer Jim Chalmers has decided to retain his power to override decisions made by the Reserve Bank board - but will limit its potential use to extreme circumstances. Dr Chalmers is trying to broker a deal with the Coalition to get legislative changes recommended by the Reserve Bank review passed by the end of the year. Reporter: Peter Ryan, Senior Business Correspondent Featured: Jim Chalmers,...

Treasurer Jim Chalmers has decided to retain his power to override decisions made by the Reserve Bank board - but will limit its potential use to extreme circumstances. Finance Sector Union sees Bank of Queensland job cuts as code for more bank branch closures.

Bank of Queensland plans to cut as many as 400 jobs as owner-managed branches are taking inhouse and under corporate control. The Finance Sector Union national secretary Julia Angrisano says a two week consultation period is inadequate and warns the job cuts herald the closure of more bank branches.

There's more evidence that Australia might be on track to a recession by the end of the year. The warning from Deloitte Access Economics comes as companies report a hiring freeze with concerns that as many as 100,000 jobs could be axed over the next year.

There's a glimmer of hope that the pace of currently eyewatering insurance premium increases might soon start slowing. IAG chief executive Nick Hawkins says with inflation slowing, motor insurance premium bill shock could be gradually reduced. Revealing a 7.9pc rise in full year profit to $898 million, Mr Hawkins says the company wants to minimise the impact of premium increases on customers. Repo...

With the US presidential race now looking "neck and neck", greater attention is being paid to the economic policies of the presumptive Democratic candidate Kamala Harris. Ms Harris is trying to distinguish herself from republican candidate Donald Trump with big spending social programs and a controversial pledge to raise the US corporate tax rate to 28 percent.

The Reserve Bank board has cited low tolerance for inflation staying higher for longer. The minutes from the RBA board’s most recent meeting signalled rates risk being hiked if inflation doesn’t return to the 2 to 3 percent target by late 2025.

Minutes from the Reserve Bank board's meeting a fortnight ago could shed more light on the implications of the China slowdown and the sliding iron ore price. Petrol retailer AMPOL dials back its rollout of EV changing points because of problems connecting with the electricity grid. Fintech CITRO backed by AMP reveals the top 30 retirement destinations.

Treasurer Jim Chalmers has sounded the alarm on the plunging price of iron ore which could mean serious headwinds for Australia's economic fortunes. Analysis by Treasury has found that falling iron ore demand from China could create a $3 billion hole in tax revenue over the next four years.

Reserve Bank governor Michele Bullock has doubled-down on her warning that it's too early to be thinking about cutting interest rates. Fronting a parliamentary hearing in Canberra, Ms Bullock said inflation was still too high and not expected to return to the RBA's target band until the end of next year .. meaning mortgage relief for borrowers is a long way off. The ABC's senior business correspon...

If there's anyone out there with a 3G mobile phone and you're worried about the service being shut down in a fortnight, you now have a two month reprieve. Telstra and Optus have agreed on October 28 as the new deadline after caving to pressure to delay the 3G closure. Also, Reserve Bank governor Michele Bullock to faces the House Economics Commitee and expected to double-down that interest rate lo...

While interest rates look like staying higher for longer in Australia, there's been a shock interest rate cut across the ditch in New Zealand. The decision took markets by surprise, raising questions about trust in projections provided by the Reserve Bank of New Zealand.

Commonwealth Bank chief executive Matt Comyn is continuing to bet the Reserve Bank will cut interest rates in November. That's despite last week's warning from RBA governor Michele Bullock that rates look like stayng on hold until the end of the year. Mr Comyn was backing his economics team as he delivered a six percent fall in full year profit to $9.48 billion .. while acknowledging some borrower...

Commonwealth Bank chief executive Matt Comyn is continuing to bet the Reserve Bank will cut interest rates in November. That's despite last week's comments from RBA governor Michele Bullock that rates look like stayng on hold until the end of the year. Mr Comyn was backing his economics team as he delivered a six percent fall in full year profit to $9.48 billion while acknowledging some borrowers...

A report out today from the Council of Small Business Orgainsations of Australia (COSBOA) and the global financial services company Square says many small to medium business are struggling in the face of economic storm clouds. I speak with COSBOA chief executive Luke Achterstraat. Also, CBA's full year profit falls 6pc to $9.48 billion.

These might be challenging times for household budgets, but the CEO of the electronics retailer JB Hi Fi Terry Smart says people are still spending despite a long period of softening consumer demand. Also Reserve Bank deputy governor Andrew Hauser slams some market economists as "false prophets".

It's now almost a fortnight since the regional airline Rex collapsed leaving around 600 staff out of work. As insolvency experts trawl through the cause of Rex's demise, several interested parties are assessing Rex’s books. ABC's Peter Ryan speaks with Rex administrator Sam Freeman.