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The nation's health ministers are pushing for a greater federal contribution to public hospitals as Canberra declares there won't be more money, just goodwill.
Miners have led Australia's stock market higher, helping the bourse snap a three-session losing streak after a US interest rate cut sparked a rally in raw materials.
Australians spent big at the altar of rock gods AC/DC and Oasis, continuing a run of strong household spending that will add to the Reserve Bank's concerns over inflation.
Wall Street closed higher overnight, after the Federal Reserve cut interest rates by a quarter percentage point and signalled that it will likely put further rate cuts on pause for now.
US stocks largely held in place overnight as Wall Street waits to hear what the Federal Reserve will say Wednesday about where interest rates are heading.
Profit-taking in raw materials and energy stocks have dragged the bourse lower, ahead of a huge week for central bank meetings in different parts of the globe.
US stocks have closed out the trading week with slight gains on Friday as the latest flurry of economic data kept elevated expectations for a Federal Reserve interest rate cut.
The local bourse has ended the week slightly higher, buoyed by miners, energy and utilities stocks while fading hopes of interest rate cuts weighed elsewhere.
A copper-infused mining rally has boosted the bourse to a modest gain as development-exposed real estate stocks struggled under a hawkish interest rate outlook.
The Australian dollar has surged to its highest value in three weeks as bets narrow on a 2026 interest rate cut, smothering an early boost for equities.
US stocks closed modestly lower overnight, weighed down by a jump in treasury yields and economic data that showed tariffs remained a drag on the manufacturing sector.
Australia's share market has started the month on the back foot, tracking a turnaround in global risk appetite after a hawkish speech from the Bank of Japan's governor.
IGA supplier Metcash has delivered a $142.2 million first-half net profit, up barely 0.3 per cent from a year ago, after tobacco sales dropped by 35 per cent.
US stocks climbed on Friday (Saturday morning AWST) in thin trading volume during a shortened session after Thanksgiving, driven by gains in retail and a recovery in tech stocks.
A legal battle that has erupted over the multimillion-dollar estate of the former prince Andrew and Jeffrey Epstein accuser Virginia Giuffre might get even bigger.