News

The local market finished marginally higher for the day but lost 0.7 per cent over the week, after falling on Monday and Tuesday.

The state government has launched a WA Pipeline of Works dashboard showing $8.7 billion worth of projects, announced by Commerce Minister Sue Ellery at a Business News event.

The tax office has accused consulting giant PwC of not disclosing key details of a report into the conduct of its partners in a tax advice scandal.

Marles takes potshot at Defence

The local share market has finished up 0.3 per cent, after better-than-expected earnings from AGL, Transurban, Mirvac, News Corp and Cochlear.

A stranded live export ship is expected to return to port and could offload thousands of livestock after an application to export them to Israel was rejected.

Crossbench, Greens seal work deal

The local bourse finished up 0.5 per cent, with gains for Woodside after it called off merger talks with Santos and Cettire soaring on strong earnings.

Brisbane-based Eurocold has acquired the refrigeration assets of Western Australian construction equipment and logistics company, Damien Cole Group.

About 10,000 jobs and $1.8 billion worth of investment is at risk if Australia’s nickel industry collapses, fresh figures unveiled today reveal.

Perth-based BWP Trust has recorded a $53.2 million net profit to December 31 2023, which included $4.2 million in unrealised losses in fair value of investment properties.

National Australia Bank has announced that Andrew Irvine will replace Ross McEwan as its chief executive, effective in April.

The Reserve Bank of Australia has not ruled out more interest rate hikes but economic forecasters are reasonably confident the next move will be down.

‘Job is not done’, says RBA boss

The local share market finished down 0.6 per cent after RBA governor Michele Bullock indicated the central bank wouldn't act quickly to cut rates.

It remains unclear what will happen to sheep and cattle on the MV Bahijah off Perth after authorities rejected a bid to send the livestock to Israel.

Rate cut hopes dashed as RBA meets

The local share market closed down 1.0 per cent after the chairman of the US Federal Reserve reiterated that the central bank would move slowly on rate cuts.

With most Australians expected to win out from the government's amended tax cuts, the treasurer has warned other parties not to block the policy in parliament.

Labor puts carbon cap on vehicles

The domestic bourse has hit a fresh all-time high after Amazon, Meta, and Apple all exceeded earnings expectations, raising investor risk appetite.

As borrowers wait to see what the central bank does next week, the federal opposition has castigated three Labor premiers for publicly hoping for a rate cut.

Coalition dilemma on Labor’s cuts

The Australian share market has dropped 1.2 per cent after Federal Reserve chairman Jay Powell said a March rate cut was unlikely.

Belmont-based Paradigm Engineers will be acquired by Mipac, a wholly owned subsidiary of GR Engineering Services, for $9 million.

Denholm lashed over Musk riches

The ASX200 has closed at a new record high, boosted by cooler-than-expected inflation data that raises the chances of quicker rate hikes.

Half of the nation's high-income earners back Labor's proposed tax changes as analysis shows most of the benefits will still flow to the rich.

CEOs urge talks to end tax ‘malaise’

For a second time this month, the local share market came close to eclipsing its record high set back in mid-2021 but most of its gains faded in the afternoon.

Consumers are shifting their spending habits ahead of Christmas to lean into discounting over the cyber weekend sale period.

Don’t risk Future Fund on ‘pet projects’