New population data reveals the changing fortunes of Australia’s states, with Western Australia and Queensland achieving solid growth while Victoria suffered a big exodus.
The Federal Court has frozen the assets of Applecross-based Ascent Investment and ordered director Michael Dunjey to surrender his passport, amid a probe by ASIC.
Shares had their biggest loss on the Australian market in more than two weeks as investors brace for the final US Federal Reserve decisions of the year.
There was plenty of optimism to start the week on the Australian share market, despite a US Federal Reserve meeting looming and more warnings about Omicron.
Western Australia's premier is set to finally reveal when the state's borders will open, ending months of speculation and frustration for locked-out families.
Australia's share market had its best day in more than two months as investors lapped up supportive central bank decisions and became less concerned by the Omicron variant.
Supermarkets and gold stocks proved the safe choices on the Australian market as a flagging dollar added interest to Reserve Bank commentary on Tuesday.
Engineering contractor Monadelphous Group has been cut from the ASX200 in an S&P Dow Jones rebalance, while a new discovery propels Liontown to the top end of the market.
Job advertising has risen sharply as COVID-19 lockdowns eased and suggests the unemployment rate will be back below five per cent in the near term after the unexpected spike to 5.2 per cent in October.
Energy shares and the oil price had an end-of-week surge but the Omicron coronavirus threat sent the Australian market to its fourth consecutive week of decline.
ASX investors are proving resilient to overseas gloom about earlier stimulus-tapering and Omicron after a second consecutive afternoon rally cut losses.
