Australia's share market has fallen for a fourth-straight session, with banks and miners weighing heavily on the bourse as the Persian Gulf conflict dims the global economic outlook.
US stocks have fallen in choppy trading as hopes dimmed for a quick end to the Iran war while investors grappled with a mixed bag of earnings reports as concerns resurfaced about AI-driven disruption across the software sector.
Resurgent oil prices have helped push Australia's share market lower for a third straight session as the US and Iran escalate their respective shipping blockades.
Gina Rinehart has described as a “national crisis and disgrace” the number of homeless veterans and war heroes in Australia, as Hancock Prospecting announced a $200 million commitment to buy them homes.
US stocks climbed on Wednesday to send the S&P 500 and Nasdaq to closing records, after President Donald Trump extended the ceasefire with Iran, with a round of solid corporate earnings providing additional support for optimism.
Extra diesel shipments have been secured for Australia as the prime minister prepares to meet state and territory leaders to discuss fuel security measures.
US stocks have closed lower, with early gains evaporating as renewed concerns about the Middle East war outweighed initial optimism over a round of solid corporate earnings.
The Australian share market has finished little changed for a third straight session amid a looming US-Iran ceasefire deadline and continued tensions over control of a crucial maritime oil choke-point.
US stocks have closed slightly lower, with each of the three major indices coming off a third straight week of gains, as renewed US-Iran tensions put the durability of a two-week ceasefire in question.
Australia's share market has ended the session slightly higher despite an escalation of tensions in the Persian Gulf boosting oil prices and dragging on risk sentiment.
Liquidators of collapsed medicinal cannabis company Melodiol Global Health want to question banned director Adam Blumenthal, but lawyers are struggling to serve him while he is overseas.
The Bennett family's climate-focused foundation will retain a spot among the state's top 10 givers, despite scaling back spending by a third to $10 million.
The Supreme Court judge deciding the Hope Downs ownership battle found that Lang Hancock spelt out his wishes in 1988 that 49 per cent of Hancock Prospecting go to his grandchildren after he died.
Australia's share market has crimped a three-week win streak despite market optimism the US-Iran conflict could be partially resolved in the near term.
Australia won't increase its fuel-security measures despite a fire wiping out nearly half of petrol production at one of the country's only refineries, the prime minister says.
The US stock market ticked to another record high Thursday as Wall Street waits for more clues about what will happen in the Iran war before making its next big move.
Weak performances from major banks, gold stocks and mega miners have dragged the bourse lower despite hopes of de-escalation in the Middle East boosting the Australian dollar to four-year highs.
The US stock market hit a record Wednesday after adding to its two-week rally built on hopes the war with Iran won't create a worst-case scenario for the global economy.
Australia's share market has pared early gains for a relatively flat finish after hopes of easing US-Iran tensions came up against weakness in some of Australia's largest companies.
The Nasdaq has climbed two per cent while the S&P 500 finished up one per cent and near its record closing high on increasing optimism about the prospects for a Middle East resolution.
