Australian consumer prices rose at the slowest pace in almost four years in the December quarter, while a pullback in housing costs helped cool core inflation and open the door to a cut in interest rates as early as next month.

Inflation in Australia remained in retreat in the last quarter of 2024, stoking the case for the central bank to join the global easing cycle by cutting rates at its coming meeting in February.

Australia's CPI inflation slows to 2.4% YoY in Q4 2024, driven by government rebates. Click here to find out what investors need to know.

The rainy weather conditions have given Australia a selection problem for the opening test against Sri Lanka starting Wednesday, although one thing seems certain: Travis Head will open the batting

The 35-year-old, captaining the side in the absence of Pat Cummins, needed just one run in Galle to reach the milestone in Galle.

Australia’s batters have feasted on Sri Lanka’s bowling, racking up milestones and dominance on a rain-curtailed opening day of the first test in Galle.

The lifting of trade tariffs by China triggered a surge in Australian wine exports last year, but it is unclear whether Chinese demand will remain strong after buyers have restocked, an industry body said on Wednesday.

The growth in export value was largely driven by a surge in shipments to mainland China, following the removal of tariffs on Australian bottled wine at the end of March last year.

Chinese wine consumption is much lower than it was before the import tariffs were imposed’, said a researcher for Wine Australia.

Steve Smith became the 15th member of test cricket's 10,000-run club as he and opener Usman Khawaja smashed hundreds to help Australia rack up 330 for two on the opening day of the first test against Sri Lanka in Galle on Wednesday.

Australia 330 for 2 (Khawaja 147*, Smith 104*, Head 57, Vandersay 1-93) vs Sri Lanka Stand-in captain Steven Smith scored his 10,000th Test run before completing the momentous occasion with a majestic century,

Steve Smith stood unbeaten on 104 after crossing 10,000 Test runs and helped Australia pummel Sri Lanka alongside fellow centurion Usman Khawaja on day one of the opening Test on Wednesday. Head, who replaced 19-year-old Sam Konstas as an opener for the Test,