News

Consumer firms flag profit drop

The Australian share market has finished lower as traders digested weaker-than-expected domestic retail trade figures showing that consumers continue to be cautious with their spending.

The Boomer ‘wave’ set to hit super

The local share market has rebounded from four-straight days of losses, with gains nearly across the board after a report over the weekend showed US inflation expectations easing.

Lendlease to end global ambition

The Australian share market has dropped across the board to post its worst losses in more than three weeks as hopes fade for mid-year interest rate cuts.

Former Fremantle mayor and criminal defence lawyer Richard Utting has died aged 77.

Coal plant ‘could limp into 2030s’

The ASX200 has dropped 0.5 per cent after US Federal Reserve minutes showed some officials were willing to raise interest rates.

Unis brace for foreign student cuts

The Australian share market has given up its early gains to finish basically unchanged after central bankers across the ditch pushed back the timing of interest rate cuts.

The cost of building a large-scale nuclear power plant in Australia would be at least $8.5 billion, according to the CSIRO and the energy market operator.

Mobile users to face hit in Telstra cuts

The ASX200 finished down 0.2 per cent amid layoffs by Telstra and underwhelming earnings reports from James Hardie and Sonic Healthcare.

Telecommunications giant Telstra will axe up to nine per cent of its workforce in a bid to save hundreds of millions of dollars.

Live sheep trade: farmers prepare to fight Labor ban

The ASX200 has started the week in positive territory, with the mining sector posting strong gains after copper and gold both hit all-time highs.

The peak union body has called on the Fair Work Commission to enshrine the right to disconnect outside of work hours to be included in modern awards.

Voters fear budget will raise rates

The ASX200 has fallen 0.9 per cent, giving up half of Thursday's gains, but still finished the week 0.8 per cent higher.

US stocks have closed lower after the Dow index reached an intra-day high of 40,000.

Dutton to slash migrant intake

The ASX has hit a six-week high with the energy sector the only loser in a day of gains across the ASX.

The full bench of the Federal Court is due to rule on whether Australia's environment minister must scrutinise climate harms from new fossil fuel projects.

Libs reject ‘Rich Lister’ tax cuts

Pathology chains have lost ground while major miners made gains following the federal budget, with the ASX200 overall finishing 0.4 per cent higher.

Qld coal to go in Anglo fightback

The ASX200 dipped 0.3 per cent as traders wait to see if US inflation has cooled.

West Perth-based explorer Meteoric Resources has announced that the mineral resource estimate for its flagship Caldeira project in Brazil has increased by 150 per cent.

Shares in gold miner Pantoro dipped early on Tuesday, following news that it plans to raise $100 million courtesy of a two-tranche placement.

A second budget in the black will deliver a near $10 billion surplus as well as cost-of-living relief for struggling Australians dealing with increasing prices.

A second budget in the black will deliver a near $10 billion surplus as well as cost-of-living relief for struggling Australians dealing with increasing prices.