News

The local share market has fallen 0.85 per cent, its biggest drop in a month amid fears the US Federal Reserve may keep hiking interest rates aggressively.

The court has ordered more than $4.5 million taken out from Marc Cardaci's trusts to fund the legal proceedings between his widow and brother to be repaid.

Australia's defence and foreign affairs ministers are in Washington DC for annual ministerial talks with their United States counterparts.

Clough hit to green energy

The local share market dropped by 0.47 per cent on Tuesday after the Reserve Bank of Australia hiked interest rates to the highest level in 10 years.

The cash rate has hit its highest level since December 2012, with a $500,000 home loan now costing $880 more per month than before the hikes started in May.

Experts expect the Reserve Bank to lift interest rates again in December, but there's also a chance it could finally hit the brakes.

Endeavor Asset Management and Afterwork Ventures highlight how connectivity is changing the sector.

WA gas prices on the rise

Italy's Webuild has backed out of a conditional deal to buy struggling engineer Clough, plunging the 102-year old Perth-based company into administration.

The local bourse finished up 0.3 per cent, boosted by the likes of Fortescue, BHP and Rio Tinto as iron ore prices rose amid hopes of China's further reopening.

Labor leader Anthony Albanese has ­enjoyed a surge in support as preferred prime minister, the latest Newspoll shows.

Rinehart leads Warrego's battle of Perth ‘billies', eyes on Ellison

Despite giving back most of Thursday's gains, the ASX has finished the week up 0.6 per cent to notch its fifth winning week in the past six.

The federal government's workplace relations changes, which will introduce multi-employer bargaining, have been waved through parliament.

Technology and money can make for uncomfortable bedfellows as data theft and financial losses pile up.

Court ruling could delay NW project

The local share market has risen 1.0 per cent to a fresh seven-month high after Jerome Powell suggested the Fed might soon moderate its rate-hiking campaign.

The manufacturing sector has finally contracted after three months of flatlining, in a sign that less than favourable economic conditions are now hurting.

St George cements link with battery minerals maker

The local share market has closed up 0.4 per cent, bouncing back from its early losses after consumer prices rose less than expected in October.

Big employers are adopting innovative approaches to staff recruitment and retention.

A WA constable who took the police commissioner to court challenging mandatory vaccination rules has had a win, earning the right to stay on the payroll until a decision on his appeal.

The annual inflation rate has fallen to 6.9 per cent after the release of consumer price index data for October, after hitting 7.3 per cent the month before.

Rare minerals off limits for China

The local share market has climbed higher in afternoon trading after a listless morning, on hopes that China might relax its zero-COVID lockdowns.

Business groups are calling for a more holistic response across all tiers of government to infrastructure and supply chain pressures.

Federal parliament is set to invoke a rare censure motion against Scott Morrison over the way he secretly appointed himself to ministerial portfolios.

Warrego denies it rushed Beach bid

The local share market has finished down 0.4 per cent, with commodity producers falling as rare protests erupted in China over harsh COVID-19 lockdowns.

Reserve Bank boss Philip Lowe has admitted language around the 2024 interest rate forecast was not clear enough and apologised for the miscommunication.

The federal government's industrial relations laws look set to pass parliament following a deal with crossbench senator David Pocock.