News

IMF calls on RBA to raise rates

The local share market has finished 0.85 per cent higher in its best performance in three weeks, as a Federal Reserve announcement on rate hikes looms.

An independent assessment of Australia's economy suggests interest rates will need to lift higher and governments will need to pitch in to bring inflation down.

Funds use rising rates to lift returns, lower risk

The local share market finished October down 3.8 per cent, its third straight month of losses and worst monthly performance in more than a year.

The mood among consumers has soured further, with many particularly worried about the health of their finances in the short term.

Protect the innocent, Israel told

The local share market has closed 0.8 per cent lower amid fears the conflict in the oil-rich Middle East could spread to neighbouring countries.

Israel enters ‘second stage’ of war

The local share market has closed slightly higher for the day, but finished the week down 1.1 per cent after hitting a one-year low on Thursday.

Biden warning on China

The local share market has finished at its lowest level in a year amid war in the Middle East, rising bond yields and expectations of more rate hikes.

An explosive Corruption and Crime Commission report has detailed a relationship between former WA Police Det-Snr-Sgt Cameron Blaine and a journalist.

Chalmers resists RBA rates risk

Australian shares gave up their gains after a hotter-than-expected domestic inflation report dramatically increased the odds of another rate hike next month.

Cameron Blaine, who became the face of the dramatic Cleo Smith rescue mission in 2021, has resigned from WA Police ahead of a looming Corruption and Crime Commission report.

$2b boost for critical minerals

The ASX200 finished up 0.2 per cent as bond yields fell and Israel failed to launch its anticipated ground invasion of Gaza.

Marked down goods may be nudging more consumers to splash out even as household balance sheets remain under pressure.

PM unveils $5b big tech spend

The ASX200 has fallen 0.8 per cent to its lowest level in 51 weeks as fighting worsens in the Middle East.

Prime Minister Anthony Albanese will discuss the AUKUS partnership with US lawmakers as part of his focus on the Indo-Pacific region.

Wine tariff deal as PM to meet Xi

The local share market lost 1.2 per cent on the day and 2.1 per cent for the week on rising US bond yields and broader fighting in the Middle East.

US stocks have dropped after Federal Reserve chair Jerome Powell said the economy's strength and tight labour markets could warrant further rate hikes.

Oil: Chalmers warns on inflation

The ASX200 has fallen below 7000, again putting the benchmark index in the red for the year, amid fears about the conflict in the Middle East.

The unemployment rate has edged lower to 3.6 per cent from 3.7 per cent as more people move into the labour force.

Biden arrives amid Gaza chaos

The local share market has climbed for a second straight day, rising 0.3 per cent as China announced its economy grew faster than expected in the third quarter.

Biden’s high-risk Israel mission

The local share market finished up 0.4 per cent, with stronger gains fading after the Reserve Bank highlighted it had a "low tolerance" to inflation.