Search

AAP

At the core of AAP Newswire is our unbiased, 24/7 breaking newswire that feeds the latest news from Australia and the world. Supported by over 200 journalists, AAP Newswire provides the news that matters.

Rising domestic fares a boost for airlines

Domestic airfares hit a five year high in the first three months of the year, as airlines cut back on flights to Western Australia.

Brickworks profit up as building continues

Building products group Brickworks has grown its half-year profit by 35 per cent to $104.1 million, mainly thanks to higher profits from the sale of land and an increase in its investment earnings.

Shares open 11pts higher

Energy and mining stocks have helped lift the Australian share market in a modest recovery from its sharpest one-day fall in more than four months.

$A higher against $US

The Australian dollar is higher against its US counterpart which has lost further ground as investors rethink the growth expectations under US president Donald Trump's administration

Oil drops to lowest since Nov

Oil prices have again slipped, falling to their lowest since late November, with Brent testing the $US50 per barrel support, after data showed record high US crude inventories rising faster than expected, raising doubts over the viability of OPEC-led output cuts.

Gold hits 3-wk peak amid Trump worries

Gold has climbed to a three-week high as the US dollar has fallen to seven-week lows and bond yields sink on uncertainty over the economic policies of US President Donald Trump.

Ex-AWU official in Perth court over $400k fraud

A former Australian Workers Union official has appeared in a Perth court over the alleged misappropriation of more than $400,000.

Shares close 90pts lower

Almost $30 billion has been wiped from the value of the Australian share market as concerns about delays to US President Donald Trump's healthcare and tax reforms rattled Wall Street and markets around the world.

City of Perth $500k audit 'waste': McGowan

Premier Mark McGowan has urged the controversy-plagued City of Perth to not waste money on a $500,000 audit of its entire operation as his government contemplates sacking the council.

Mining downturn adds to mortgage stress

Western Australia is driving a nationwide rise in Australians who are falling behind on home loan repayments, according to a report by ratings agency Standard & Poor's.

Bankwest shifts non-WA corporate customers

Bankwest is shutting its corporate banking services outside of Western Australia and moving customers to its parent, Commonwealth Bank of Australia.

McGowan calls for PM 'backbone' on GST

Premier Mark McGowan has urged the prime minister to show some backbone and change the GST carve-up, saying agreement with all other state and territories is not necessary.

Rinehart family trust feud escalates

Bianca Rinehart has been given the go-ahead to sue her mining-magnate mother over her handling of the family's multibillion-dollar trust.

Shares open 74pts lower

The Australian share market is lower in early trade with investors spooked by a sharp sell-off overnight on Wall Street.

$A treads water against $US

The Australian dollar is treading water against its US counterpart as the greenback falls to a six-week low against a basket of currencies but the local central bank minutes fail to shed fresh light on its likely moves.

US oil hits Nov low on fresh glut fears

Oil prices have fallen, with US crude dropping to its lowest since November, as concerns about new supplies overshadow the latest talk by OPEC that it was looking to extend output cuts beyond June.

Gold at near 3-wk high as $US falls

Gold has rallied to the highest level in nearly three weeks after a strong debate performance from French centrist presidential candidate Emmanuel Macron and as fading expectations for near-term US interest rate rise pushs the US dollar lower.

RBA warns of rising risk in housing market

The Reserve Bank of Australia says there is reason to believe commodity prices could rise higher than expected but is concerned about increasing risks in the housing market.

Shares close 4pts lower

The Australian share market has closed slightly lower as falls from the major miners and the big four banks offset gains for retailers and China-exposed baby formula and vitamin makers.

Spotless shares soar on $1.3bn Downer bid

Shares in cleaning and catering company Spotless Group have jumped nearly 50 per cent after infrastructure and mining services firm Downer lobbed a $1.26 billion takeover offer.

Nahan, Davies lead opposition parties

Mike Nahan has been voted in unopposed as leader of the WA Liberals after two-term premier Colin Barnett stepped down, while former sports and recreation minister Mia Davies has been voted in as leader of the WA Nationals.

TPG profit up on strong iiNet performance

Internet provider TPG Telecom has delivered strong interim financial results - thanks largely to the contribution of its iiNet operations - and has reaffirmed its underlying earnings guidance for the year.

Shares open 16pts lower

The share market has opened lower after US stocks fell overnight on worries about delays in US President Donald Trump's plan to cut taxes and boost the economy.

Aussie dollar up slightly against $US

The Australian dollar is slightly higher against its US counterpart ahead of the release of Reserve Bank of Australia's March meeting minutes.

Gold hits two-week high as $US falls

Gold prices edged higher to a two-week peak on Monday as the dollar slid to a six-week low after a G20 weekend summit dominated by the US administration's protectionist stance.

Oil prices under pressure on supply woes

Oil prices slipped on Monday, despite news that OPEC was supportive of extending a six-month deal to cut output as investors continue to grapple with worries about growing US oil output and high inventories.

Shares close 20pts lower

The Australian dollar has managed to stay above the 77 US cents level as the US dollar weakened but the local share market is lower after an uninspiring lead from US markets on Friday.

WA Liberals will 'rebuild': Nahan

Former WA treasurer Mike Nahan says he will rebuild the Liberal Party after their crushing election defeat and plans to speak with former premier Colin Barnett about leaving parliament.

McGowan must convince Labor on GST: PM

The prime minister has challenged newly elected Western Australian Premier Mark McGowan to convince his fellow Labor leaders in other states to change the GST carve-up.

Shares open 17pts lower

The Australian share market has opened lower as investors take cues from a slight decline on Wall Street on Friday and a watered-down free trade commitment at the G20 meeting over the weekend.

Aussie dollar steady against greenback

The Australian dollar is steady against its US counterpart after mixed data in the US and an uneventful G20 meeting resulted in consolidation among most currencies.

Pages

Most-read

Grylls concedes seat

WA Nationals leader Brendon Grylls, who was the target of a $2 million mining industry advertising campaign, today conceded he's lost his seat of Pilbara to Labor's Kevin Michel.

McGowan may sack City of Perth council

The entire City of Perth council may be sacked over the lord mayor's travel scandal if Labor wins the state election and the Local Government Act allows it, opposition leader Mark McGowan says.

Woodside cuts CEO pay after first strike

Woodside Petroleum's boss received lower pay in 2016 despite the energy giant posting a surge in profitability, after the company restructured executive pay following a shareholder vote.

McGowan to determine cabinet by Friday

Premier-elect Mark McGowan says his ministry will be a mix of experience and youth, and has again indicated he'll have the final say in its makeup.

most commented

Grylls concedes seat

WA Nationals leader Brendon Grylls, who was the target of a $2 million mining industry advertising campaign, today conceded he's lost his seat of Pilbara to Labor's Kevin Michel.

WA Treasury confirms Liberal costings

Treasury costings of theLiberal Party's campaign promises have shown the estimates to be reasonable, with the Liberal's plan showing the state getting back to a small surplus in 2019-20.

Halting Roe 8 not justified: Jacob

Western Australia's environment minister says there is no justification to stop work on the Roe 8 project, despite a Senate inquiry saying the Commonwealth should suspend approval for it.

TPG profit up on strong iiNet performance

Internet provider TPG Telecom has delivered strong interim financial results - thanks largely to the contribution of its iiNet operations - and has reaffirmed its underlying earnings guidance for the year.