News

Labor cracks down after PwC scandal

The local share market finished the day up 0.2 per cent after the Reserve Bank left most of its quarterly economic forecasts unchanged from May.

The near-term outlook for growth is looking more downbeat than the Reserve Bank expected earlier, likely to trough at about one per cent at the end of 2023.

ATO targets $30b from small firms

Tax reforms critical to fix productivity

The local share market has suffered its worst loss in four weeks, dropping 1.3 per cent after Fitch Ratings downgraded the United States' credit rating.

US stocks have closed mostly lower as investors digested mixed earnings from pharmaceutical companies.

RBA’s new wait-and-see rate agenda

The local share market finished up 0.5 per cent after the Reserve Bank left interest rates unchanged at 4.1 per cent for a second consecutive month.

Greens want Labor’s gas tax doubled

The local share market finished the day up 0.1 per cent, finishing July with its best gains since January.

More and more Australians are being forced to cancel or postpone holiday plans as cost of living pressures bite.

Bound closer in US alliance

The local share market has fallen 0.7 per cent as Japan's central bank loosened its attempt to control bond yields, but has gained 1.2 per cent for the week.

BHP: Labour hire laws to cost it $3b

The local market has risen 0.73 per cent after Federal Reserve chair Jerome Powell said it was possible the central bank might keep rates on pause in September.

Rate rises could be over

Australian shares have climbed as traders bet a smaller-than-expected rise in consumer prices would keep rates on hold.

US stocks have closed higher ahead of earnings reports from Alphabet and Microsoft and also a rate decision from the country's central bank.

China is key risk to global growth: IMF

The local share market has finished up 0.5 per cent, with the mining sector rising 2.7 per cent in its best single-day performance since March 2.

Green metal blowouts surge to $6b

The local share market has finished down 0.1 per cent ahead of crucial domestic inflation and retail sales readouts and a likely US rate hike.

The building company is set to close its doors, following months of speculation about its potential collapse.

‘Adapt or die’ for office tower owners as big tenants bail out

Traders have taken something off the table, sending the local bourse lower on Friday but up for the week ahead of key events next week.

Jump in jobs fuels rates bets

Mining giant BHP has warned of cost pressures and uncertain international economic conditions in the year ahead.

The local bourse lost steam to close essentially unchanged after better-than-expected employment data increased the odds of another rate hike.

Western Australia’s seasonally adjusted unemployment rate fell back 0.1 per cent in June to 3.6 per cent, as the national figure held steady at 3.5 per cent despite an employment uptick.

ALP battery plan could ‘hurt GDP’

The ASX rose 0.55 per cent after weak US retail sales data raised hopes that the Fed's expected rate hike in July might be its last.