News

Wage increases have shrunk to their lowest level in over two decades and economists fear the worst is yet to come as the coronavirus fuels unemployment.

LNG chiefs fight to revive tattered dream

Australia's banks have played a major role in helping shares move higher for a second consecutive day.

Network 10 is axing local bulletins in Perth, Adelaide and Brisbane under a major restructure of its news operations.

JobKeeper lifts dividends

Shares have closed 1.76 per cent higher on the Australian market as investors remain optimistic the US can approve an economic aid package.

Forrests, Woolies back seaweed feed

Australia's share market has finished the week higher by 1.3 per cent and above 6,000 points, after earlier gains outweighed today’s session which closed lower.

Western Australia is at war with Clive Palmer, the state's premier has declared, as the Commonwealth stopped short of backing a new border trial.

JobKeeper to cost another $15b

Gains for miners and energy companies courtesy of rising commodity prices have helped the ASX close higher and recover from a grim economic forecast.

Prime Minister Scott Morrison says tighter coronavirus restrictions in Victoria will lead to as many as 400,000 people losing their job or seeing their hours reduced to zero and a 10 per cent national jobless rate by year's end.

Rio’s actions in caves blast ‘beggar belief’

Australia's share market has closed lower and hovered around the 6,000 points mark after investors were surprised by a Queensland decision to close its borders.

The Morrison government will allow other states and territories to join Victoria in accessing $1,500 pandemic payments for workers without sick leave.

China’s share of exports hits 48.8pc

Australia's share market closed almost two per cent higher as investors gained confidence from a technology-led Wall Street rally.

The cash rate may have been left unchanged but the Reserve Bank's economic forecast has improved slightly despite a renewed lockdown in Victoria.

Refrigeration business finds the devil really is in the detail when it comes to lease contracts.

Failure to tax mining boom ‘stupid’: Henry

Investors sold off the big banks for the second consecutive session as Melbourne braced for a six-week hard lockdown.

Countries are re-evaluating their relationship with China after a series of aggressive moves by the Asian giant.

Victoria’s COVID coma

The Australian share market has suffered its worst day in five weeks, falling alongside overseas indices after a record contraction in the US economy.

All workers at BHP's Perth headquarters will be able to return to the office full-time from Monday.

Perth Mint stumbles into tax havens

Oil prices sank overnight following poor US economic figures and after US President Donald Trump roiled markets with a suggestion that the nation should delay its November presidential election.

Gold prices dipped overnight as investors holding short positions took profits after nine straight sessions of gains, although the outlook remained bullish with prices hovering near a record peak.

Western Australia's COVID-19 hotel quarantine system is again under scrutiny as the federal government continues to heap pressure on the state over its border closure.

The Australian share market has broken its two-day losing streak, with the gains making up for Tuesday's and Wednesday's losses.

Fears Chinese investors targeted to ‘game’ visa scheme

Oil prices rose overnight after a steep drop in US crude inventories, but another record day for coronavirus cases worldwide kept gains in check.