News

Australian shares have finished down 0.8 per cent for the day and 1.7 per cent for the week as optimism fades for a central bank pivot away from rate hikes.

As many as 300 Western Australians could fall behind on mortgage payments for each 25 basis point rise in interest rates. Click through for Perth’s mortgage map.

Work at BHP’s WA iron ore mines is slowly getting back underway following the death of a 51-year-old employee on Tuesday.

A telecommunications company has become the first to breach Australia's strict anti-SMS scam rules after failing to comply with new industry regulations.

Chalice Mining movement stirs up dust, eyes on Hancock 

The ASX has had its worst loss in over a month after US Federal Reserve officials flagged more action to combat inflation was needed.

Fortescue Metals Group says it will not be pushed into 'breaking the law' or releasing private staff records in a scathing response to allegations made public this week by WorkSafe.

Less than 24 hours after being hit with charges for failing to supply documents to WorkSafe, Fortescue Metals Group is now being forced to answer on the future of more than 1,000 jobs.

Collapsed builder Jaxon Construction is suing a Subiaco-based engineer for alleged negligence they claim led to severe cracking in a slab during construction of the Enclave Apartments in East Perth.

Housing Minister Julie Collins has introduced legislation to set up a housing future fund which aims to increase the number of social and affordable homes.

The trade minister says an improvement in the trade relationship with Beijing is welcome as the first coal shipment in years awaits Chinese customs clearance.

Nine snatches Olympics in $305m deal

The ASX200 has finished up 0.35 per cent after Federal Reserve chairman Jerome Powell struck a moderate tone in a question-and-answer session in Washington.

Fortescue Metals Group has been charged with 34 counts of failing to supply documents to WorkSafe relating to alleged sexual harassment at its WA mine sites.

BHP has confirmed a 51-year-old man was killed at the miner's iron ore operations in Port Hedland after being hit by a locomotive.

Treasurer Jim Chalmers says while the recent interest rate hike would slow the economy, forecasts show Australia would not go into a recession.

Battle for renewables money ‘hunger games’

The Australian share market has fallen 0.5 per cent, notching its worst loss in a month after the RBA indicated it would keep hiking rates.

It doesn't stop: The RBA signals rate hikes will continue in the months ahead, as observers declared the central bank's stance had become even tougher.

Stars align to attract computing power to WA.

As the Reserve Bank board prepares to announce an expected 25 basis point rise in the cash rate, figures show Australian trade surplus slipping.

A Liberal-Nationals decision to oppose Labor's National Reconstruction Fund has been described as being "out of touch'' with the needs of the country.

Newmont, Barrick or break-up? Newcrest Mining show on road

The ASX has fallen 0.25 per cent after a better-than-expected US jobs report and ahead of the Reserve Bank's latest decision on rate hikes.

The world's biggest goldminer, NYSE-listed Newmont Corp, has proposed buying Australia's largest producer in an all-scrip offer at a 21 per cent premium.

The latest retail figures show Australians are tightening their spending, falling 0.2 per cent in the December quarter.

Marles talks up Austal for key role in AUKUS 

Clough’s new owner Webuild is set to take on more of the collapsed Perth engineer’s projects for $35.9 million, including the $750 million Waitsia gas development.

The local bourse has finished the day up 0.6 per cent in its best performance in almost three weeks, closing at its highest level since April 21.

UPDATE: Details of the deal between Italy's Webuild and the collapsed Perth engineer have been released at close of business this afternoon.

Stormy economic conditions have slowed hiring but some industries, especially those reliant on in-person attendance, are still recruiting.

Australia's foreign and defence ministers have met in London ahead of Defence Minister Richard Marles flying to the United States to meet his counterpart.