News

The ASX200 has finished down just 0.04 per cent in a second day of quiet trading.

A major overhaul of the Reserve Bank will create a board for setting interest rates that's more accountable and holds fewer meetings.

Gas giant warns against budget tax changes 

The local share market has finished basically unchanged, with gains for mining companies balances by losses elsewhere.

US stocks have closed little changed as investors digested earnings results from several firms amid recession concerns.

Chalmers ‘no’ to $34b for welfare 

The local share market has fallen 0.3 per cent, in just its third day of losses over the past 15 sessions.

More rate rises could be on the way, the RBA has said, while singling out the construction industry as at risk of further insolvencies.

Economic growth to double the rest of Australia 

Treasurer Jim Chalmers has warned the upcoming federal budget will come at a time of some of the lowest global growth in decades.

US stocks have closed lower as investors digested earnings from three major banks and retail sales data.

St Barbara, Genesis leave out overseas assets 

Australian shares recovered from an early trading dip to close out the session higher for its third straight week of gains after posting a 0.2 per cent rise.

Operations at the state's busiest port have resumed after the Pilbara Ports Authority deemed the Port of Port Hedland safe to reopen after Cyclone Ilsa passed.

Australia targets ‘full battery manufacturing’ capability 

The Australian share market slipped further into the red following the release of ABS monthly employment data amid concerns about another interest rate hike.

The national unemployment rate has stayed put at 3.5 per cent while Western Australia recorded a modest uptick in the number of people in work.

China to be cut from critical minerals deals 

Australian stocks gained ground by the close on Wednesday despite a mixed session on Wall Street ahead of critical US inflation data.

Despite a downbeat economic forecast, Australia should weather the worst of a weak international outlook due to low unemployment and high commodity prices.

Worksites and communities are being evacuated as Tropical Cyclone Ilsa builds in intensity and moves towards the Western Australian coast.

China backs down on trade bans

The local share market has ended Tuesday on a high, turning around losses suffered ahead of the Easter break when the bourse snapped eight days of gains.

Workers in the hospitality, health care, postal and freight sectors are facing serious financial stress to keep up with rising rents, a new report has found.

The Australia Institute claims more than 90 per cent of economic benefits are going to the top 10 per cent of Australians, a number vastly different from other recent research.

Newmont surge helps boost Newcrest pitch 

Defence Minister Richard Marles is heading to Wellington for talks on security, as New Zealand examines joining part of the AUKUS agreement.

Qantas stalls on shift to Perth’s Airport Central 

The Australian Securities Exchange has rallied to continue its win streak after tipping into the green at the close.

Genesis, St Barbara work on new deal 

Australian shares are near all-time highs following the Reserve Bank's decision to keep interest rates unchanged after 10 consecutive hikes.

Further rate hikes still loom despite the RBA giving borrowers relief today following 10 consecutive rises, but Australia's banks are "strong" in the face of global headwinds.