News

Lithium leader doubles down on WA spend 

Around 40 per cent of Australians are struggling to make ends meet as the cost of living crisis stretches household budgets to their limit.

The local share market has finished basically flat, with gains for the miners balanced by losses for the big banks.

Approvals for new homes remains subdued as stubbornly high inflation and rising interest rates weigh on demand for home-building.

Live export ban a red line: farmers 

The local share market has finished down 0.1 per cent after being in and out of positive territory on a day marked by the release of GDP and inflation figures.

Builder freezes new home sales

The ASX has closed up 0.5 per cent but turned in a lacklustre performance for the month, giving back half of January's gains.

Employers are still offering big sums to entice in-demand workers but growth in advertised salaries is starting to wane.

New recruit widens Qantas CEO field

Australian company profits have bounced back after dropping off steeply last quarter, with business inventories returning a softer-than-expected result.

The local share market has fallen 1.1 per cent as the odds increase that the Federal Reserve will return to supersized rate hikes to combat stubborn inflation.

Renters living in inner-city apartments or houses in regional hotspots across Australia have seen astronomical rental increases in the past year.

A new commissioner will be appointed to help oversee cyber security breaches as part of an overhaul of the sector in Australia, the government has announced.

Offshore wind developers look towards WA as NSW rivalry heats up

The ASX has gained 0.3 per cent but still suffered its third straight week of losses as interest rates anxiety ratcheted up.

The Australia Institute has linked rising prices to growing business profits, and claimed workers should not accept sluggish wage growth.

Australia urged to join hydrogen subsidy race 

The ASX has ended lower for a third day in a row, dropping 0.4 per cent amid a slew of company earnings reports.

Kimberley businesses affected by Western Australia's once-in-a-century-flooding in January will be eligible for more than $40 million in freight subsidies.

Easing supply bottlenecks and a robust pipeline of work fed into a strong final quarter for investment activity in 2022, the Bureau of Statistics says.

BP, BHP join forces on mining with biodiesel

The ASX has finished down 0.3 per cent as strong US and weak Australian economic data sent mixed messages to investors.

Jim Chalmers says he won't "pretend away" pressures on the federal budget which includes superannuation tax concessions.

Mining giants eye profits in China rebound

The ASX has recovered most of its morning losses to finish down 0.2 per cent as traders digested a hawkish message from the Reserve Bank.

$565m fix for Pilbara ports

The local share market has finished slightly higher as the market digested a spate of earnings reports from NIB, BlueScope Steel, Ampol, A2 Milk and others.

BlueScope has posted a drop in first-half net profit and warned of a "material impact" from proposed emissions rules for firms with big industrial facilities.

Industry, government and financiers need to invest more than $20 billion per year for the Australian economy to expand without dangerous levels of pollution.

Albanese’s pledge to make WA visit count

The ASX fell another 0.9 per cent on its way to a 1.2 per cent loss for the week, as more speculation over US interest rates drove the market.