News

BHP digs in on its no jab, no job policy

It's been another brutal day for Australia's banks and non-bank mortgage lenders, with the financial sector on track for its worst week since March 2020.

Energy sector players have broadly backed plans by federal, state and territory governments to work together to stabilise Australia's power sources.

MinRes targets Ellison HQ cost blowout claim

The Australian share market has finished 0.36 per cent higher amid gains for oil producers and coalminers, while the big banks posted losses.

National Disability Insurance Scheme Minister Bill Shorten says the agency's chief will step down ahead of a new head being confirmed in the coming months.

WA energy giant considers shipments to east coast through Geelong import terminal

The local bourse has suffered its worst day in nearly three weeks after the Reserve Bank delivered a supersized 50 basis point rate hike.

It won’t be long before much of the world feels the force of what a top US banker has described as an ‘economic hurricane’.

Confidence has dropped to its lowest level since mid-August 2020 as cost of living pressures mount, not helped by an expected further rise in interest rates.

Teachers plan mass exodus

The Australian share market has alternated between losses and gains but finished up 0.78 per cent for the week.

The government will consider using whatever mechanisms are available to counter constrained gas supply on the east coast as price hikes begin to bite.

Inflation yet to dent sales: Wesfarmers

The local share market has dropped back below 7200, with losses for every sector except utilities and energy.

Taxpayer subsidies a boon for billionaires

The Australian share market has ended modestly higher despite huge drops for lithium miners and electricity supplier Origin Energy.

Household spending helped to prop up economic growth in the early months of this year, although there was a marked slowdown compared with the strong finish of 2021.

50-50 is aim as 13-woman ministry unveiled

The Australian share market finished May on a sour note, dropping 1.0 per cent with every sector losing ground and snapping a two-day winning streak.

Public sector unions in WA are willing to turn up the heat on the McGowan government over its pay policy.

Consumer confidence has barely moved in response to the federal election result, which has seen Labor secure sufficient seats to run a majority government.

Farmers welcome another milk hike

The ASX200 has finally cracked the 7,200 level after four failed attempts to move through it last week.

AGL Energy is abandoning plans to split into two separate entities, while flagging the departure of chair Peter Botten and chief executive Graeme Hunt.

Dutton’s approval rating only 19 per cent in WA

The Australian share market has closed 1.1 per cent higher for its best session since last Friday.

Resources billionaire Gina Rinehart has been named Australia’s wealthiest person for a third consecutive year, followed closely by fellow Western Australian and iron ore magnate Andrew Forrest.

Economists expect retail spending managed to grow in April despite a series of hurdles, but new data won't capture the impact of a rise in interest rates.

McGowan ‘childish’: Andrews

The local share market has closed down 0.7 per cent with every sector losing ground except for technology, boosted by Appen's $1.2bn takeover offer.

Economists expect figures will show business investment picked up further in the March quarter, providing a boost to growth in the upcoming national accounts.