Has Trump landed a dud with his Venezuelan oil play?
While debate rages over the legality and the potential fallout from America's incursion, there's been a quiet acceptance that it is all about oil.
Ian Verrender is the ABC's Chief Business Correspondent. A journalist for more than 40 years, Verrender began working in print in 1981 as assistant economist for Rural Press and later freelanced for The Bulletin before moving to AAP-Reuters. He spent 25 years at The Sydney Morning Herald in a variety of roles including Senior Writer, Business Editor and Senior Business Commentator. He joined Business Spectator and Eureka Report in 2012 and since 2005, also worked at Sydney radio station 2UE providing early morning business commentary. He joined the ABC as Business Editor in 2014.
While debate rages over the legality and the potential fallout from America's incursion, there's been a quiet acceptance that it is all about oil.
After 20 years in the wilderness, the Australian Securities and Investments Commission's rehabilitation as a law enforcement agency seems almost complete.
The gas export industry has cost the nation dearly. East coast prices trebled soon after exports began.
The federal government has released its mid-year budget update.
The RBA's interest rate-cutting cycle is at an end, and now a hardcore handful of critics say they shouldn't have cut rates in the first place. Conveniently, you only need to look across the ditch to see what could've happened if we'd followed that path.
It was a pivotal moment in the nation's history, forever changing the way we were governed and the way in which we interacted with the rest of the world.
For a decade, a disaster has unfolded. We've run short of gas through indecision and incompetence, and that's driving energy costs and inflation. We need a solution and an unlikely source may have one.
Care providers are trying to strongarm cash from suppliers of equipment, including wheelchairs, a month after the federal government reformed home care packages for senior Australians.
It remains a useful tool for some nefarious operators, including global crime gangs and questionable governments, but Bitcoin's role has been usurped by stablecoins — one in particular.
It's been called a bubble for more than 15 years but the great Aussie housing price boom has barely skipped a beat, as regulators eye the threat of risky loans.
Amid global warnings of impending financial doom, APRA and the Reserve Bank are far more concerned about a home-grown bubble, one that's been taking in oxygen for almost three decades.
A decade and a half after an energy company CEO outlined his greatest fears for Australia's economic future — no carbon price — the nation again appears set for a renewed battle over climate policy and power generation.
For decades, China has resented being held hostage over the iron ore price by its own insatiable demand and a handful of Australian producers.
The world's richest man's believers have once again agreed to enrich the Tesla boss to levels far beyond the realm of ordinary billionaires. But how much is enough?
The corporate regulator is threatening Australia's nascent private lending industry with tighter regulation if it does not see a significant lift in standards.
Last week the RBA governor issued a blunt warning on the state of financial markets and as markets continue to shift from traditional valuation methods, plenty of cool heads are getting nervous.
James Hardie has a long history of attempting to avoid its responsibilities. The drama began when the company announced a $14 billion purchase of a rival firm.
WiseTech says it was required to produce documents related to alleged trading in WiseTech shares by controversial co-founder Richard White and three employees from late 2024 to early 2025.
Whether or not we're delivered a rate cut next Tuesday, there's a solid argument that the RBA should once again consider using its powers to curb runaway real estate prices.
America dominates the global financial system. The Middle East controls energy. And China, during the past 40 years, has created a vice-like grip on the mining, refining and production of global metals.
In recent months, there's been a growing focus on private credit, the alter ego of private equity, and the potential it may have to destabilise the system.
After two years of refusing to reshape his superannuation shake-up, the treasurer abandons the idea of taxing unrealised gains while agreeing to index a key tax threshold.
It was a primary force behind Australia’s inflationary surge, it’s forced businesses either to the wall or to shift offshore, undermined national industry policy and resulted in the loss of countless thousands of jobs. And it all hinged on one disastrous decision in an Adelaide boardroom.
While the world's two largest economies are in a battle, there's a possible silver lining for Australia.
More than two years since the former QANTAS CEO Alan Joyce left the company he has received another bonus, this time totalling nearly $4 million.