WA risks skills shortage

A 7.4 per cent decline in the number of WA trainees and apprentices in-training is leaving the state at risk of a skills shortage.

Aust shares slip as banks, miners retreat

Australian shares slipped in subdued trading on Monday, as US-China trade tensions kept investors wary and the Aussie dollar came under renewed pressure from local retail data.

Hepburn-Brown passes away

Perth-based company director Peter Hepburn-Brown, who was on the board of three listed mining companies, has passed away following a period of ill-health.

Australian shares open slightly higher

Australian shares have opened slightly higher despite the lack of a clear lead from Wall Street, with the health care and consumer staples sectors leading the way.

Wall St mixed as US-Canada trade talks end

The S&P 500 ended flat on Friday while the Dow edged down and the Nasdaq closed higher in light trading as Canada and the US concluded trade talks without resolution ahead of the Labor Day weekend.

Oil prices slip amid trade war worries

Oil prices have slipped, pressured by renewed concerns that a global trade war could dent energy demand, although impending US sanctions on Iran and falling Venezuelan output limited the decline.

Morning Headlines

Savings savaged by bank squeeze

Telcos, miners weigh down ASX

The Australian share market has closed lower on the last major day of the profit reporting season, dragged down by the telecommunications sector as well as the miners after a dip in iron ore prices.

Aust shares open lower after Wall St drop

Australian shares have opened lower after falls on Wall Street overnight, with the materials sector weighing on the market following a dip in iron ore prices.

Wall St rally ends on rising tariff fears

US stocks have ended their four-day winning streak as risk reduction ahead of the long holiday weekend accelerated on growing trade anxieties.

Morning Headlines

Capex darkens RBA’s rosy outlook for the economy

Crude oil rises amid sanction concerns

Oil prices rose on Thursday to the highest in more than a month, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a fall in US inventories.

ASX falls short of new post-GFC high

The Australian share market closed flat on Thursday, falling back from a new post-GFC intra-day high after a late slump in banking stocks.

Vodafone, TPG to become $15bn telco giant

Vodafone Australia and TPG Telecom have agreed to merge into a single $15 billion telecommunications firm in an effort to more effectively challenge telecoms giants Telstra and Optus.

Australian shares start higher

Australian shares have opened higher on the back of gains in healthcare, telecoms and materials shares, and in line with a rise on Wall Street overnight.

Morning Headlines

Rates on the rise: Westpac takes first shot with interest hike

Oil rises as US stocks, Iran exports fall

Oil prices have risen more than one per cent, with Brent at its highest in seven weeks and US crude touching a three-week peak, supported by a drawdown in US crude and petrol stocks and reduced Iranian crude shipments as US sanctions deter buyers.

US shares extend rally, tech leads S&P

US stocks have extended their rally with the S&P 500 and the Nasdaq hitting record highs for the fourth straight session as technology companies pushed indexes higher and promising trade negotiations stoked investor sentiment.

Bank rate hike fuels ASX gains

Rising bank stocks drove a late surge on the ASX on Wednesday after Westpac announced a hike in mortgage rates, adding to earlier gains from easing global trade tensions.

Aust shares open slightly positive

Australian shares have opened largely unchanged, with losses in healthcare and energy capping gains, despite a small rise on Wall Street overnight.

Oil prices dip on profit-taking

Oil prices have slipped as some investors take profits on recent strong gains, but losses were limited the day after a US-Mexico trade agreement eased worries about tensions between the two countries.