Emilia Terzon

Oil prices have dropped again as investors hope for peace in the Middle East and an end to the global energy shock. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.

Fri 29 May 2026 at 4:45am In short: KPMG Australia CEO Andrew Yates has quit amid a scandal involving audit partners accessing confidential client documents.

Thu 28 May 2026 at 11:45pm Auction clearance rates are now at levels last seen during the 2022 housing downturn, according to Domain.

Wed 3 Jun 2026 at 11:03am Australia's economy grew at a sluggish pace of 0.3 per cent, which was much weaker than the 0.9 per cent recorded in the previous quarter.

Thu 4 Jun 2026 at 11:41pm Brent crude has dropped almost 3 per cent overnight, as oil traders bet on a peace deal in the Middle East.

A small town retailer is battling it out with Australia's biggest hardware giant in the Federal Court to stop Bunnings from opening up literally next door to his Mitre 10 franchise.

Tue 30 Jun 2026 at 12:00am The Australian share market traded mostly flat on Tuesday before a late afternoon slump.

In an unprecedented move, Australia's consumer watchdog has exercised new powers to block the opening of a Coles supermarket, on the grounds it could knock out smaller competitors in the surrounding region.

Mon 13 Jul 2026 at 11:39pm Oil prices soar more than 9 per cent as the US president threatens to blockade the Strait of Hormuz.

business reporters Emilia Terzon, Adelaide Miller and Yiying Li Oil prices have soared more than 10 per cent since late afternoon trade on