News

$250m project to build 130 new electric buses 

The local bourse closed down 0.4 per cent for both the day and the week after days of quiet trading.

Federal Treasurer Jim Chalmers will meet with leading investors, banks and climate advocates to secure stronger investments in clean energy projects.

Voters say super for retirement, not nation building 

The ASX200 has finished down just 0.04 per cent in a second day of quiet trading.

A major overhaul of the Reserve Bank will create a board for setting interest rates that's more accountable and holds fewer meetings.

Gas giant warns against budget tax changes 

The local share market has finished basically unchanged, with gains for mining companies balances by losses elsewhere.

US stocks have closed little changed as investors digested earnings results from several firms amid recession concerns.

Chalmers ‘no’ to $34b for welfare 

The local share market has fallen 0.3 per cent, in just its third day of losses over the past 15 sessions.

More rate rises could be on the way, the RBA has said, while singling out the construction industry as at risk of further insolvencies.

Economic growth to double the rest of Australia 

Treasurer Jim Chalmers has warned the upcoming federal budget will come at a time of some of the lowest global growth in decades.

US stocks have closed lower as investors digested earnings from three major banks and retail sales data.

St Barbara, Genesis leave out overseas assets 

Australian shares recovered from an early trading dip to close out the session higher for its third straight week of gains after posting a 0.2 per cent rise.

Operations at the state's busiest port have resumed after the Pilbara Ports Authority deemed the Port of Port Hedland safe to reopen after Cyclone Ilsa passed.

Australia targets ‘full battery manufacturing’ capability 

The Australian share market slipped further into the red following the release of ABS monthly employment data amid concerns about another interest rate hike.

The national unemployment rate has stayed put at 3.5 per cent while Western Australia recorded a modest uptick in the number of people in work.

China to be cut from critical minerals deals 

Australian stocks gained ground by the close on Wednesday despite a mixed session on Wall Street ahead of critical US inflation data.

Despite a downbeat economic forecast, Australia should weather the worst of a weak international outlook due to low unemployment and high commodity prices.

Worksites and communities are being evacuated as Tropical Cyclone Ilsa builds in intensity and moves towards the Western Australian coast.

China backs down on trade bans

The Australian share market has hopped into the green with most sectors finishing higher on the first trading day since the Easter break.

Workers in the hospitality, health care, postal and freight sectors are facing serious financial stress to keep up with rising rents, a new report has found.

The Australia Institute claims more than 90 per cent of economic benefits are going to the top 10 per cent of Australians, a number vastly different from other recent research.

Newmont surge helps boost Newcrest pitch 

Defence Minister Richard Marles is heading to Wellington for talks on security, as New Zealand examines joining part of the AUKUS agreement.

Qantas stalls on shift to Perth’s Airport Central