News

Bound closer in US alliance

The local share market has fallen 0.7 per cent as Japan's central bank loosened its attempt to control bond yields, but has gained 1.2 per cent for the week.

BHP: Labour hire laws to cost it $3b

The local market has risen 0.73 per cent after Federal Reserve chair Jerome Powell said it was possible the central bank might keep rates on pause in September.

Rate rises could be over

Australian shares have climbed as traders bet a smaller-than-expected rise in consumer prices would keep rates on hold.

US stocks have closed higher ahead of earnings reports from Alphabet and Microsoft and also a rate decision from the country's central bank.

China is key risk to global growth: IMF

The local share market has finished up 0.5 per cent, with the mining sector rising 2.7 per cent in its best single-day performance since March 2.

Green metal blowouts surge to $6b

The local share market has finished down 0.1 per cent ahead of crucial domestic inflation and retail sales readouts and a likely US rate hike.

The building company is set to close its doors, following months of speculation about its potential collapse.

‘Adapt or die’ for office tower owners as big tenants bail out

Traders have taken something off the table, sending the local bourse lower on Friday but up for the week ahead of key events next week.

Jump in jobs fuels rates bets

Mining giant BHP has warned of cost pressures and uncertain international economic conditions in the year ahead.

The local bourse lost steam to close essentially unchanged after better-than-expected employment data increased the odds of another rate hike.

Western Australia’s seasonally adjusted unemployment rate fell back 0.1 per cent in June to 3.6 per cent, as the national figure held steady at 3.5 per cent despite an employment uptick.

ALP battery plan could ‘hurt GDP’

The ASX rose 0.55 per cent after weak US retail sales data raised hopes that the Fed's expected rate hike in July might be its last.

‘Progress’: Chalmers meets China peer

The local share market has finished down 0.2 per cent after Reserve Bank minutes indicated the central bank might hike rates in August.

Climate heat goes on cars, farms, waste

The local share market has finished down ever so slightly as traders digested weaker-than-expected second-quarter gross domestic product figures from China.

APRA fails on unlisted super risks

The ASX rose 0.8 per cent to end its best week since November after another dove bearing soft US inflation data signalled the end of rate rises is nigh.

Fortescue ‘safe’ despite Forrest split

The local share market closed 1.6 per cent higher after weak US inflation figures raised hopes the Federal Reserve could be nearing the end of its rate cycle.

PwC reveals partner pay, misconduct cases

Australian power couple Andrew and Nicola Forrest have announced their separation but say the split will have no impact on the direction of their business empire.

The local share market has finished 0.4 per cent higher after a positive lead from the US, with rising commodity prices benefiting energy and materials sectors.

Reserve Bank governor Philip Lowe has laid out a major shake-up of the central bank in the wake of a wide-ranging review into the institution.