News

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.

McGowan defends Waitsia exemption

BHP and Westpac have shown the scars of the coronavirus pandemic as reporting season continued but investors stayed optimistic and the ASX closed higher.

Heritage reform ‘won’t fix 30-year injustice’

Australians who paid the government money through the controversial robodebt scheme have been reimbursed $545 million.

Australia's share market has produced its poorest session of the month at the start of a bumper week of earnings reports.

ASIC flags ‘Robinhood’ trading risks

Australia's share market has had its best week since July 3 as the first busy week of a COVID-hit earnings season failed to dampen investor confidence.

Magnate’s legal play with injunction & court win

The latest batch of coronavirus-hit earnings reports has contributed to the Australian share market's worst session in August.

Magnate in double play to keep $30b claim and engage border brinkmans

Shares have closed slightly lower on the Australian market after Commonwealth Bank's virus-hit full-year result was a rare blight on the financial sector.

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.