News

Unis brace for foreign student cuts

The Australian share market has given up its early gains to finish basically unchanged after central bankers across the ditch pushed back the timing of interest rate cuts.

The cost of building a large-scale nuclear power plant in Australia would be at least $8.5 billion, according to the CSIRO and the energy market operator.

Mobile users to face hit in Telstra cuts

The ASX200 finished down 0.2 per cent amid layoffs by Telstra and underwhelming earnings reports from James Hardie and Sonic Healthcare.

Telecommunications giant Telstra will axe up to nine per cent of its workforce in a bid to save hundreds of millions of dollars.

Live sheep trade: farmers prepare to fight Labor ban

The ASX200 has started the week in positive territory, with the mining sector posting strong gains after copper and gold both hit all-time highs.

The peak union body has called on the Fair Work Commission to enshrine the right to disconnect outside of work hours to be included in modern awards.

Voters fear budget will raise rates

The ASX200 has fallen 0.9 per cent, giving up half of Thursday's gains, but still finished the week 0.8 per cent higher.

US stocks have closed lower after the Dow index reached an intra-day high of 40,000.

Dutton to slash migrant intake

The ASX has hit a six-week high with the energy sector the only loser in a day of gains across the ASX.

The full bench of the Federal Court is due to rule on whether Australia's environment minister must scrutinise climate harms from new fossil fuel projects.

Libs reject ‘Rich Lister’ tax cuts

Pathology chains have lost ground while major miners made gains following the federal budget, with the ASX200 overall finishing 0.4 per cent higher.

Qld coal to go in Anglo fightback

The ASX200 dipped 0.3 per cent as traders wait to see if US inflation has cooled.

West Perth-based explorer Meteoric Resources has announced that the mineral resource estimate for its flagship Caldeira project in Brazil has increased by 150 per cent.

Shares in gold miner Pantoro dipped early on Tuesday, following news that it plans to raise $100 million courtesy of a two-tranche placement.

A second budget in the black will deliver a near $10 billion surplus as well as cost-of-living relief for struggling Australians dealing with increasing prices.

A second budget in the black will deliver a near $10 billion surplus as well as cost-of-living relief for struggling Australians dealing with increasing prices.

Miners hope to be big winners

The ASX200 finished basically unchanged on the eve of the federal budget and ahead of a readout on US inflation later in the week.

Ardiden has announced that its managing director and chief executive officer Greg Romain will step down from his role, effective immediately.

Shares in Horizon Minerals rose to their highest price since May last year on Monday afternoon, following news that the company had signed a toll milling agreement with FRM Investments.

Southern Cross Electrical Engineering has announced it will acquire Sydney-based MDE Group for up to $10.55 million, courtesy of a share purchase agreement.

Inflation will drop below three per cent by the end of the year, back within the Reserve Bank's target band, but there are further challenges ahead.

Quick return to inflation target

Gold miner St Barbara has the potential to produce an average of 230,000 ounces of gold per annum from the 2028 financial year, following the release of its Simberi expansion concept study.

Gas companies and the big four banks all rose on the back of energy policy announcements and a hold in interest rates.