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ASX surges as traders bet on rate cuts

The Australian share market soared on Wednesday with the benchmark posting its biggest daily gain in more than a year on hopes that the Reserve Bank is done raising rates. The benchmark S & P/ASX200 index vaulted 1.7 per cent, or 116.8…

Stage 3 tax cuts: ‘too big, too soon’

One of Australia’s leading economists has urged the federal government to delay stage three tax cuts, warning that moving ahead with the proposed timeline will further inflate prices.The controversial tax cuts will give Australians earning…

Pay cuts needed to stay afloat: Qantas

Qantas would likely have gone bust if it had been unable to use internal labour hire to stay competitive, the airline has claimed. Appearing before a senate inquiry into the government’s contentious industrial relations legislation,…