News

Shares on the ASX dipped due to concerns over the coronavirus Omicron variant, as the world waits to learn more about the threat.

Australian company profits rose four per cent in the September quarter despite the nation being in the thick of a series of COVID-19 restrictions, which saw half the population in lockdown.

Omicron arrives, ASX to tumble

Australian shares have recorded their biggest slide in nearly two months amid rising concerns that a new coronavirus variant will affect global reopening prospects.

Blackstone in talks with Packer

Investors have cautiously advanced the ASX after Korea became the second nation in two days to try and ward off inflation by raising rates.

Payroll jobs continue to recover from the impact of the most recent COVID-19 lockdowns, rising in the second half of October.

Mine watchdog blast

Energy shares provided spark and New Zealand raised rates, but there was little to make ASX investors move the market on Wednesday.

Atlas maps out iron-clad profit for a third year

Fortescue Metals shares surged almost 10 per cent as ASX investors bought iron ore miners on the prospect of stimulus for a slowing Chinese economy.

Demands for those who won't get a jab

Investors sent the Australian share market lower to start the week following concerns more coronavirus lockdowns in Europe could damage global growth.

A young worker has died after being struck on the head at a construction site in North Coogee this morning.

Forrest bid to end diesel subsidy

ASX investors have recovered some losses from the week as inflationary pressures stay top of mind in Australia and abroad.

Rinehart's Roy Hill in $4.4bn profit

Improving appetite for gold and mining shares in response to inflation and Chinese activity has helped the ASX close higher.

The Morrison government is resisting calls by business and others to fast-track the migration intake between now and the federal election amid fears such a move could hamper wages growth

Commonwealth Bank shares plunged and the Australian market had its steepest loss for November for a second consecutive day.

APM is a rare example of a Perth company becoming an international market leader.

Lithium supply bottleneck slams the brakes on EVs

A Reserve Bank warning to borrowers that low interest rates will not last has contributed to extended losses on the share market.

ASIC has defended its handling of concerns raised ahead of the Sterling First collapse, while confirming the company's conduct could warrant criminal charges.

A spike in the unemployment rate and renewed worries over the inflation outlook have put a dent in consumer confidence.

Christmas supply chains under threat as Toll workers demand higher pay

Shares had modest improvement to start the week while Reserve Bank governor Philip Lowe is preparing to allay investors' fear of inflation.

Perth Festival has released a dramatically changed program for 2022 along with its first-ever 12-month financial report since becoming a stand-alone company.

Liontown seeking capital for Kathleen Valley project

The Australian share market has snapped a four day losing streak after easing investor concerns about China's debt-laden property sector prompted a jump in local mining stocks.

ASX-listed companies have detailed roughly $2 billion in JobKeeper payments spanning the last two financial years, with only a handful making voluntary repayments.

Scott Morrison has warned of potential economic uncertainty for global markets in coming months in the wake of COVID-19.