News

The City of Nedlands is on alert this afternoon as fire crews attempt to control a blaze in Karrakatta that is now a possible threat to lives and homes.

California-based financial services giant Capital Group has bought a 5 per cent stake in Fortescue Metals Group for an estimated $3 billion.

Technology shares have plunged and the incredible story of Afterpay stock came to an end as ASX investors suffered broad losses.

Text messages between Mark McGowan and John Quigley will become public as part of his defamation battle with Clive Palmer.

Two separate surveys have found consumers and bosses are showing some resilience in the face of the Omicron outbreak.

Privacy fight for BHP vax order as miners caught faking jabs

A second-half fade for the ASX caused by rising bond yields has reminded investors higher interest rates could dominate 2022.

Consumer confidence has slumped due to the rapid spread of the Omicron variant and the immense strain this has put on testing facilities.

Walkout threat over virus safety risks

Investors have raised the ASX a little after China's central bank cut loan rates on more signs of a slowing economy.

‘High-wire act’ looms, warn mining bosses

Shares had their biggest loss in more than a week as a US technology crash spilled over into the Australian market.

Australia's peak union body has called a crisis meeting after the prime minister's "failure" to protect workers and community safety by making rapid antigen tests free.

Crown backs improved $8.9bn offer

Iron ore miners have benefited from production challenges in Brazil and ensured ASX investors are ahead for the week with one trading day remaining.

Troy Pickard, who served as mayor of Joondalup, led both WA and Australia’s top local government bodies and owned the Bucking Bull chain of fast-food restaurants in WA, has passed away aged 48.

Liontown boss scorns lithium oversupply talk

A broad-based rally on the ASX could be forgotten within hours as Wall Street investors brace for figures which one analyst tipped will show peak inflation.

State ‘could face fuel and food disruption’

Supermarkets and chicken suppliers were among the shares ditched on the ASX as the latest coronavirus wave poses a serious challenge to earnings.

Retail sales soared by 7.3 per cent in November after last year's easing of COVID-19 restrictions, but there are signs the subsequent emergence of the Omicron variant has since curbed spending.

Consumer confidence has fallen across Australia as a result of the rapid spread of the Omicron strain of COVID-19, potentially dampening the outlook for retail spending.

Rio Tinto to buy electric locomotives for Pilbara

Commodity-based shares proved a saving grace for ASX investors after they offset an Australian market mostly weighed by US rate rise worries.

Fortescue turns to contract mining to cut diesel truck spending

A second broad-based rally helped the ASX close the first week of 2022 slightly ahead, although the prospect of earlier rate hikes remains a worry for investors.

The surging number of omicron cases is causing unprecedented disruption to businesses, as industries from retail to hospitality are forced to shut down or scale back operations.

One of Western Australia’s most successful engineers, business leaders and philanthropists has passed away at the age of 95. True to form, he was at his desk just two days ago.

Australian shares had their biggest one-day fall since September 2020 as investors panicked about interest rates rising sooner than expected.

Scott Morrison says Australians have no choice but to ride out the current COVID wave with case numbers expected to spiral past 100,000 a day by the end of the week.

Investors tempered their new year enthusiasm and lowered the ASX on the second day of 2022 trade as the latest wave of coronavirus infections dominated the economic agenda in many countries.

ASX-listed Troy Resources is undertaking a $26 million recapitalisation in a bid to save the company, after conceding it had found itself in a precarious financial position.