Australian shares have clocked a second week of modest progress, as global bond yields, stubborn oil prices and local economic woes cap investor confidence.
Small businesses that rely on credit cards to pay tax have been handed a reprieve after Treasurer Jim Chalmers forced the tax office to push back its controversial payment ban in exchange for more
What was set to be Australia's biggest initial public offering in a generation has collapsed in a stunning turnaround for the highly anticipated float.
US stocks have dipped as crude oil prices surged on a spike in Middle East tensions and a cut in US output that fed inflation and rate-hike fears, while semiconductor stocks slumped.
A group of Business News journalists have been recognised as finalists in the WA Media Awards for their extensive and exclusive coverage of the state's business and political landscape.
Migration policies delivered by the major parties are being described as a missed opportunity to bring construction apprentices to Australia to help boost desperately needed housing supply.
The tax man doubling down on blocking credit card payments has prompted accusations of a double standard and sounded alarm bells within the government.
The Australian bourse has ended a disappointing session after trading sideways for most of the day, as investors took a cautious stance given a lack of obvious direction from Asia.
The Nasdaq notched a record high close on Monday, lifted by Nvidia and Microsoft, as investors focused on a dip in oil prices and looked ahead to quarterly earnings reports.
Australian shares have traded flat after an early rally faded as multiple states paused for a public holiday and traders tracked sovereign debt concerns in Europe.
US stocks advanced to close out the trading week after weaker-than-expected jobs data dampened expectations for a rate hike from the Federal Reserve at its policy meeting this month.
Australian shares have scraped through to end a four-week losing streak, but investor confidence remains shaky as inflation, interest rates and a challenging earnings environment loom.
US stocks have recovered from early losses to close slightly higher, with the S&P 500 bouncing from a two-week low as a global bond sell-off reversed course after sending US Treasury yields to multi-decade highs.
Australia's share market has erased almost $60 billion in value in a day as soaring bond yields foreshadow higher global borrowing costs, hammering cyclical stocks.
The Nasdaq has climbed and the S&P 500 dipped, but both indices notched their second straight quarterly gains, as a softer-than-anticipated inflation reading cooled expectations that Federal Reserve policy makers will hike rates in October.
Australian shares have had their strongest session since early August after lower-than-feared inflation figures tempered concerns of further imminent interest rate hikes.
US stocks have ended the session slightly lower as government bond yields continued their ascent ahead of inflation and labour market data while investors assessed comments from Federal Reserve officials for the path of interest rates.
Australian shares have ended the day higher after the nation's's top central banker said the race that stops the nation won't likely accompany a rate hike that stops the economy.
US stocks have fallen as oil prices and Treasury yields increased, with investors weighing uncertainty over the prospects for an Iran war peace deal and the effect on the Federal Reserve's rate path.
