News

Giants put on the back foot

Former prime minister Malcolm Turnbull believes the Morrison government should resist a push to delay an increase in superannuation.

Miners and banks have helped the ASX200 to a modest gain after investors overcame an early stumble, thanks to Chinese trade data which showed high demand continuing for iron ore.

Banjima people ‘need progress' on South Flank

Investors have had their worst day on the Aussie market since May 1 after their broad sell-off mirrored a similar result from US markets.

PM to leave Westralia out of border battle as McGowan rejects hotspot

The Morrison government's proposal to more than double the cost of some humanities degrees is set for a short stint under the microscope.

Australia's share market closed higher and is positive for the week, after banks benefitted from a lower Aussie dollar.

Hard road out of recession

Australia Post has scrapped bonus payments for its executive team after facing pressure for asking workers to volunteer.

Australia's share market recorded its best gain since August 4 as investors shrugged off confirmation of the first recession in almost 30 years.

Australia's top grain exporter has been banned from sending barley to China after disputed claims pests were found in multiple shipments.

Facebook news threat risks tax hit

Australia's share market had its worst session in four weeks as reporting season finished, and as concerns emerged about the Aussie dollar.

Facebook is threatening to stop Australian users from sharing news if the social media giant is forced to compensate media companies for publishing their stories.

Childcare beats construction as bang-for-buck stimulus, say Forrests

Australia's share market has closed lower, but finished August higher despite a coronavirus-plagued reporting season analysts had feared would be one of the worst on record.

Wealth manager IOOF Holdings will acquire National Australia Bank's wealth business, MLC, for $1.44 billion to help save costs and expand its reach.

Rio chief to meet traditional owners

Australia's share market finished the penultimate day of reporting season lower, as one portfolio manager questioned how much we should predict in a virus-hit economy.

Ore exports at risk from marine pilot border ban

Shares have finished higher on the Australian market on a reporting day that highlighted the winners and losers of the coronavirus pandemic.

Nine Entertainment has reported an annual net loss of more than $500 million after a challenging year when advertising earnings slumped and the coronavirus pandemic took hold.

PM seeks veto over China deals

Supermarkets could be forced into a mandatory code of conduct for all fresh farm produce under a federal push to stamp out market imbalance.

Investors erased almost all the gains of Australia's share market this week and sold-off banks as the main indices finished lower.

Wage subsidies will soon be extended after the underpinning legislation was brought to federal parliament.

Retailers, landlords in open warfare over rents as losses mount for all

Shares on the Australian market finished higher on optimism for a coronavirus breakthrough, but there was troubling jobs news.

Qantas is planning to cut up to 2,500 more workers at airports across Australia, adding to the 6,000 employees already leaving the airline.

Westfield shopping centres operator Scentre Group and property company Stockland have both reported write downs on the values of their assets, pointing to the impacts of COVID-19.

Government urged to cut red tape to create 32,000 jobs