News

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.

The Reserve Bank has not been spooked by the unexpected uptick in the headline jobless rate and will stick with its hawkish stance on interest rates.

WA's mission to ‘steal' Britain's best & brightest with the promise of sunshine and better wages

A blockbuster US retail sales report for January and a surprise increase in Australian jobless claims have pushed Australian stocks 0.8 per cent higher.

Recovery crews have been working through the night to access the location where two miners are believed trapped after a collapse at a north Queensland mine.

Gold miner Newcrest has rejected a takeover bid from US giant Newmont, instead rewarding shareholders with a massive dividend.

The average value of invoices between businesses in January fell to its lowest level since 2015, while trade payment defaults have been trending upward.

Standard Chartered gets the golden ticket at Chalice Mining

The ASX has fallen 1.1 per cent, its biggest drop in six weeks, driven by the big banks and higher-than-expected US inflation figures.

The federal government will need to agree to stop new coal and gas projects opening if it wants the Greens' help on a signature emissions reduction measure.

Australia's biggest lender has lifted its half-year cash profit by 9 per cent and lifted interim dividend by 20 per cent to $2.10 a share.

The Reserve Bank's former governor has delivered a scathing assessment of its recent performance as current chief Philip Lowe faces a parliamentary grilling.

Nod for Santos project eases pain of write-down

The Australian share market has finished up 0.2 per cent ahead of the release of another inflation readout in the US.

Mining royalties paid to all Aboriginal groups in WA are less than half the amount paid to four wealthy families, new research has found.

With the coalition set to oppose a major Labor election promise on housing, the Greens want a number of improvements to the proposed $10 billion fund.

The latest cash rate hike has mortgage holders worried as consumer confidence sinks to the lows of the pandemic.

China moves to wind back beef, timber bans