Financial News & Affairs
- Treasurer’s call on wage rise for millionson June 1, 2026 at 10:16 pm
The Treasurer has issued a major call for a “substantial” offer to millions of Aussie workers who are waiting to learn if they will get a pay rise.
- $50k-a-minute: Aussie billionaires rake it inon June 1, 2026 at 10:16 pm
Australia’s billionaires became $50,000 richer every single minute of 2025, analysis of the latest rich list shows.
- ‘Crisis’: Report exposes ugly truth about workon June 1, 2026 at 10:16 pm
A grim new report into millions of jobs worldwide has found even “stable” countries are sliding backwards at an alarming rate.
- Rebounding tech stocks defy market fearson June 1, 2026 at 10:16 pm
Australia’s sharemarket finished virtually flat as investors returned to technology stocks, despite a challenging geopolitical backdrop.
- If you own a home here, congratulationson June 1, 2026 at 10:16 pm
As compounding stressors weigh on markets across Australia, one capital city is blasting ahead with house prices continuing to surge.
- ‘Very dire’: Scary reality for first home buyers who used 5pc deposit scheme as market correction sets inon June 1, 2026 at 10:16 pm
Tens of thousands of Australians will be “devastated” by what’s coming next for the housing market, and could face the “very dire situation” of having to sell up.
- ‘Consider leaving’: Advice to young Aussieson June 1, 2026 at 10:16 pm
A prominent entrepreneur who moved from Sydney to the Bahamas has warned young Aussies should ‘consider leaving’ if the budget’s tax changes are passed.
- Grim reason Australians are staying employedon June 1, 2026 at 10:16 pm
Australians are dramatically changing how much money they need and how long they will stay in the workforce as cost-of-living smashes retirement plans.
- Futuristic $8.8 trillion megacity in ruinson June 1, 2026 at 10:16 pm
It was supposed to the most groundbreaking structure the world had ever seen. But now, this multi-trillion-dollar “smart city” is collapsing.
- Labor’s key concession amid CGT furoreon June 1, 2026 at 10:16 pm
Housing Minister Clare O’Neil has been grilled on a key detail on small business carve-outs amid the backlash to the government’s CGT reform.
- ‘Chronic liar’: Libs’ brutal tax jabon June 1, 2026 at 10:16 pm
Liberal Leader Angus Taylor has used his first address to party stalwarts since the federal budget to take a swipe at the Prime Minister’s controversial tax reforms.
- Bank’s big decision should worry borrowerson June 1, 2026 at 10:16 pm
Australians could soon be paying more for their mortgages as a major bank “offers an insight into what’s coming next” for interest rates.
- Ex-CIA senior official tricked US government to give him $56m in gold barson June 1, 2026 at 10:16 pm
The truth about a former senior CIA official who conned the US government out millions of dollars worth of gold has been exposed.
- Aussies slugged with huge tax truth bombon June 1, 2026 at 10:16 pm
As fury over recent tax changes boils over, stunning data reveals just how much extra Australians are really paying every year.
- Officeworks ships hundreds of jobs to Indiaon June 1, 2026 at 10:16 pm
Officeworks has confirmed hundreds of IT and customer service jobs will be offshored to India and the Philippines, saying it is making the ‘difficult’ decision is to keep prices low.
- Lucky winner scores entire $60m Powerballon June 1, 2026 at 10:16 pm
One lucky NSW woman has become a multi-millionaire, taking home a $60m million Powerball jackpot thanks to an insane detail.
- ‘Stunning’: Eight-word text sparks nightmareon June 1, 2026 at 10:16 pm
A Sydney mum was looking for love after her 11-year marriage fell apart. What followed was a bizarre ordeal that would cost her tens of thousands and leave her heartbroken.
- Why Australia is ‘not ready’ for AIon June 1, 2026 at 10:16 pm
Australians have been issued a stark warning about artificial intelligence, with a leading human rights group warning we are “not ready”.
- Watchdog’s ban on popular baby gadgetson June 1, 2026 at 10:16 pm
Australia’s consumer watchdog has slapped a blanket ban on baby bottle self-feeding devices amid fears they could cause injury or death.
- Rate hikes loom despite slowing inflationon June 1, 2026 at 10:16 pm
Government fuel excise cuts may have delivered a short-term inflation reprieve but there are still fears the Reserve Bank could raise interest rates again.
- Commonwealth Bank CEO backs capital gains tax changes for property investorson June 1, 2026 at 10:16 pm
The boss of Australia’s largest bank has made his feelings known on the government's controversial changes to capital gains tax.
- ‘In tears’: Melbourne Mum’s $20,000 plumbing bill shockon June 1, 2026 at 10:16 pm
A Melbourne family received a five-figure bill from a controversial plumbing company. But what she uncovered afterwards floored her.
- $23k per day for Aboriginal heritage surveyon June 1, 2026 at 10:16 pm
Aussie miners have revealed the staggering amount they are forced to pay the Aboriginal cultural heritage industry for surveys and upfront meeting payments.
- Millions of Aussies to save on power billson June 1, 2026 at 10:16 pm
Many Australian households will have lower power bills this winter, but welfare groups says more needs to be done to help the most vulnerable.
- ‘Ban the cowboys’: Super giant’s clickbait fighton June 1, 2026 at 10:16 pm
One of Australia’s largest superannuation funds has demanded a ban on social media financial advice ads after thousands of Australians lost $1bn.
Daily Exchange Rates
- AU: 18917 VND = 1 AUD 2026-06-01 RBA 4.00 pm...on June 1, 2026 at 6:30 am
AUD/VND representative rate as at 4.00 pm Eastern Australian time on 01 Jun 2026
- AU: 5.6335 HKD = 1 AUD 2026-06-01 RBA 4.00 pm...on June 1, 2026 at 6:30 am
AUD/HKD representative rate as at 4.00 pm Eastern Australian time on 01 Jun 2026
- AU: 12848 IDR = 1 AUD 2026-06-01 RBA 4.00 pm...on June 1, 2026 at 6:30 am
AUD/IDR representative rate as at 4.00 pm Eastern Australian time on 01 Jun 2026
- AU: 22.53 TWD = 1 AUD 2026-06-01 RBA 4.00 pm...on June 1, 2026 at 6:30 am
AUD/TWD representative rate as at 4.00 pm Eastern Australian time on 01 Jun 2026
- AU: 66.8 TWI_4pm = 1 AUD 2026-06-01 RBA 4.00 pm...on June 1, 2026 at 6:30 am
AUD Trade-weighted Index as at 4.00 pm Eastern Australian time on 01 Jun 2026
- AU: 4.8636 CNY = 1 AUD 2026-06-01 RBA 4.00 pm...on June 1, 2026 at 6:30 am
AUD/CNY representative rate as at 4.00 pm Eastern Australian time on 01 Jun 2026
- AU: 1.2040 NZD = 1 AUD 2026-06-01 RBA 4.00 pm...on June 1, 2026 at 6:30 am
AUD/NZD representative rate as at 4.00 pm Eastern Australian time on 01 Jun 2026
- AU: 0.5625 CHF = 1 AUD 2026-06-01 RBA 4.00 pm...on June 1, 2026 at 6:30 am
AUD/CHF representative rate as at 4.00 pm Eastern Australian time on 01 Jun 2026
- AU: 68.19 INR = 1 AUD 2026-06-01 RBA 4.00 pm...on June 1, 2026 at 6:30 am
AUD/INR representative rate as at 4.00 pm Eastern Australian time on 01 Jun 2026
- AU: 0.9180 SGD = 1 AUD 2026-06-01 RBA 4.00 pm...on June 1, 2026 at 6:30 am
AUD/SGD representative rate as at 4.00 pm Eastern Australian time on 01 Jun 2026
Banking News
- Industry funds increase Govt pressure on DBFOby Mike Taylor on June 1, 2026 at 8:26 pm
The Super Members Council has told Treasury the second tranche of DBFO is a matter of urgency to […]
- Vanguard’s ETF assets top $100bn in Australia...by Binaya Dahal on June 1, 2026 at 8:26 pm
Vanguard Australia Daniel Shrimski said the milestone represents a defining moment in the evolution […]
- Centrepoint acquires Cairns Wealth, Pinnacle...by Mike Taylor on June 1, 2026 at 8:25 pm
Centrepoint Alliance has grown its Queensland presence via the acquisition of Cairns Wealth and […]
- REST, Aware in Moorabbin consortium dealby Mike Taylor on June 1, 2026 at 8:24 pm
Big industry funds, Aware Super and REST, are part of a Bearings-led consortium which has acquired […]
- Retirement readiness in crisis as financial...by Yasmine Raso on June 1, 2026 at 8:24 pm
A crisis of financial confidence has taken hold of Australians when it comes to retirement, […]