News

Hard road out of recession

Australia Post has scrapped bonus payments for its executive team after facing pressure for asking workers to volunteer.

Australia's share market recorded its best gain since August 4 as investors shrugged off confirmation of the first recession in almost 30 years.

Australia's top grain exporter has been banned from sending barley to China after disputed claims pests were found in multiple shipments.

Facebook news threat risks tax hit

Australia's share market had its worst session in four weeks as reporting season finished, and as concerns emerged about the Aussie dollar.

Facebook is threatening to stop Australian users from sharing news if the social media giant is forced to compensate media companies for publishing their stories.

Childcare beats construction as bang-for-buck stimulus, say Forrests

Australia's share market has closed lower, but finished August higher despite a coronavirus-plagued reporting season analysts had feared would be one of the worst on record.

Wealth manager IOOF Holdings will acquire National Australia Bank's wealth business, MLC, for $1.44 billion to help save costs and expand its reach.

Rio chief to meet traditional owners

Australia's share market finished the penultimate day of reporting season lower, as one portfolio manager questioned how much we should predict in a virus-hit economy.

Ore exports at risk from marine pilot border ban

Shares have finished higher on the Australian market on a reporting day that highlighted the winners and losers of the coronavirus pandemic.

Nine Entertainment has reported an annual net loss of more than $500 million after a challenging year when advertising earnings slumped and the coronavirus pandemic took hold.

PM seeks veto over China deals

Supermarkets could be forced into a mandatory code of conduct for all fresh farm produce under a federal push to stamp out market imbalance.

Investors erased almost all the gains of Australia's share market this week and sold-off banks as the main indices finished lower.

Wage subsidies will soon be extended after the underpinning legislation was brought to federal parliament.

Retailers, landlords in open warfare over rents as losses mount for all

Shares on the Australian market finished higher on optimism for a coronavirus breakthrough, but there was troubling jobs news.

Qantas is planning to cut up to 2,500 more workers at airports across Australia, adding to the 6,000 employees already leaving the airline.

Westfield shopping centres operator Scentre Group and property company Stockland have both reported write downs on the values of their assets, pointing to the impacts of COVID-19.

Government urged to cut red tape to create 32,000 jobs

Australia's share market has closed marginally higher after miners, led by Fortescue Metals, helped keep indices up.

Fortescue to deliver Forrest record pay-out

Australia's share market has had a negative week, finishing lower by 0.25 per cent after a flurry of coronavirus-hit earnings reports.

D-Day for Chevron’s crack study on Gorgon

Australian shares have had their second worst session of August, with national airline Qantas reporting a $4 billion revenue hit from the COVID-19 crisis.

Buyers eye Chevron’s $5.8bn North West Shelf stake

A standout profit from CSL, a gratefully-received bank dividend and optimism that a coronavirus vaccine will come to fruition have helped the share market higher.

Western Australia's legal battle with Clive Palmer is set to drag on, with a Queensland judge delaying a key decision until September.