News

Labor to break tax cut promise

The local bourse has climbed for its third consecutive session to finish half a per cent higher after more gains on Wall Street overnight.

Former prime minister Scott Morrison has announced his resignation from politics after 16 years in parliament, to take up roles in the private and global advisory sectors.

Anthony Albanese has promised middle Australia will be the focus of cost of living support, as speculation mounts on changes to stage three tax cuts.

Miners call for critical minerals aid

The ASX200 climbed 0.8 per cent after US indices surged to record highs, despite falling lithium prices triggering a brutal sell off in mining stocks.

PM’s urgent reset to ease cost of living

The local share market closed the day up one per cent but also lost one per cent for the week after losses Monday through Thursday.

The Nasdaq has gained 1.35 per cent to 15,055.65 points, while the Dow Jones Industrial Average has risen 0.54 per cent to 37,468.61 points.

Burke emboldens MUA

The ASX200 has fallen 0.6 per cent as traders digested US retail sales data and a fall in Australian employment.

US retail sales beat expectations in December; S&P 500 -0.56 per cent, Nasdaq -0.59 per cent, Dow -0.25 per cent.

Export fear amid China slowdown 

The local share market has dropped another 0.3 per cent and the Australian dollar has fallen to less than 66 US cents after hawkish talk from central bankers.

Perth-based technology leader Kinetic IT has scored a three-year deal with the federal government, worth approximately $23 million.

Qantas brand dives after horror year

Every sector of the Australian Securities Exchange has closed lower, with energy and mining both falling 1.5 per cent.

Tiwi anti-gas case made up

The ASX200 has finished basically unchanged, with oil, gas and uranium companies doing well and lithium producers continuing their slide.

Tense Taiwan status quo

The local bourse closed the day 0.1 per cent lower to finish the week slightly higher, after alternating between gains and losses all week.

Draft laws for mandatory reporting of climate-related risks have been released by Treasurer Jim Chalmers.

Port supply lines ‘close to breaking’

The local bourse has finished up 0.5 per cent, with retailers such as JB-Hi Fi and Accent Group doing well amid signs of an uptick in consumer spending.

Bitcoin ETFs line up for ASX listing as SEC set to rule

The Australian bourse gave up most of the previous day's gains, with the mining sector dropping 2.1 per cent, its worst day in nearly three months.

Inflation for the 12 months to November came in at 4.3 per cent, the smallest growth in almost two years, according to the Australian Bureau of Statistics.

The Dow Jones Industrial Average has fallen 157.85 points, or 0.42 per cent, to 37,525.16. The S&P 500 has lost 7.04 points, or 0.15 per cent.

Cost-price hit to nickel and alumina

The local share market finished up 0.9 per cent, with every sector in the green except for energy as risk appetite returned.

Plan to dock pay deepens port dispute

The ASX200 has fallen another 0.5 per cent and closed at its lowest level since December 18 in its fourth day of losses.