The decision followed last week's call by the US Federal Reserve to cut rates by a hefty 0.5 percentage points in the United States.

Penny Wong: 'We are alarmed by the escalation' ...

Carlton captain Patrick Cripps takes home his second Brownlow Medal, breaking the record for most votes received in a single AFL season in the process.

The Australian Competition and Consumer Commission launches legal action against Woolworths and Coles, alleging the supermarket giants breached consumer law by misleading consumers through discount ...