Coalition’s war on banks gets personalThe relationship between the government and the big banks is now toxic after Malcolm Turnbull and his senior mini
The Australian market has started strongly after the S&P 500 and the Nasdaq hit record highs in the US, powered by rising oil prices and advancing technology stocks.
Gold rose as U.S. political turmoil, a missile test by North Korea and a worldwide cyber attack fuelled demand for safe-haven assets, while weaker-than-expected U.S. data pushed the dollar lower, making gold cheaper for holders of other currencies.
Oil jumped 2 per cent to its highest in more than three weeks on Monday, topping $US52 a barrel after Saudi Arabia and Russia said that supply cuts need to last into 2018, a step towards extending an OPEC-led deal to support prices for longer than first agreed.
Henry’s bank tax assaultThe federal budget’s bank tax has taken tax policy back to the 1980s, disrupted the governance of the financial system, and perpetuated a dishon
Gold rose on Friday and was set to end the week little changed as the sudden sacking of the head of the FBI in the United States stoked investor concerns and boosted demand for bullion, and the U.S. dollar and Treasury yields fell.
Oil prices settled slightly higher on Friday as lower U.S. crude inventories and increasing support for continued OPEC-led production cuts inspired hope that the global supply glut can be reduced.
‘Fairness’ budget gets poll boostThe Turnbull government has received a boost in support and voters have applauded its big tax increases and spending measures, accordin
The share market ended the day steady after early gains by the big four banks evaporated in afternoon trade, and miners fall on weaker iron ore futures.
The construction union and seven of its officials, including Joe McDonald and Mick Buchan, have incurred penalties totalling $277,000 for unlawful blockades of the Perth Children’s Hospital site.
The Australian share market has recovered from a poor start to close higher, but most of the big banks still face some pressure after the Turnbull government's budget announcement of a $6.2 billion levy.
Perth Lord Mayor Lisa Scaffidi has accused the premier and opposition leader of political interference in a legal process after they demanded her resignation over serious breaches of local government laws.
The Australian share market has opened lower with the major banks leading losses after the federal budget revealed a levy on the big four banks and Macquarie.
The Australian share market has closed around 0.5 per cent lower, led downwards by the big banks, as investors fear that the federal government will introduce a new tax on banks in tonight's federa
Heavy falls by the big four banks have helped pull Australia's share market lower in early trade with the Commonwealth Bank's trading update underwhelming and speculation the federal budget could impose bank another levy.
Western Australian conglomerate Wesfarmers has paid tribute to its former chief executive John Bennison, who led the business as it transitioned from an agricultural cooperative to a listed industrial company.
The Australian share market has started the session strongly with investors returning to the market in force after Emmanuel Macron's election as French president and a rebound in US jobs growth.
The share market has closed lower for a fourth consecutive session on the back of sliding commodity prices with an iron ore slump weighing on the local currency.
The Australian share market has continued its downward move in early trade, with steep losses in the mining and energy sectors offsetting a bounce in financial stocks.
