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Live: ASX to open higher, key consumer data out this morning
via abc.net.au
The Australian share market is expected to open higher after Wall Street closed flat, with US investors awaiting key inflation data. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.
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Live: ASX opens higher, Ken Henry says Australia has 'colonial economic structure'
via abc.net.au
The ASX opens higher, with a quiet day expected before key US inflation data is released on Wednesday. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.
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Live: ASX in positive territory, Ken Henry says Australia has 'colonial economic structure'
via abc.net.au
The ASX is in positive territory, ahead of key US inflation data to be released on Wednesday. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.
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ASX closes in positive territory, Ken Henry says Australia has 'colonial economic structure' — as it happened
via abc.net.au
The ASX closes in positive territory ahead of key US inflation data to be released on Wednesday. Catch up on the day's events and insights as it happened with the ABC News markets blog.
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South Coast trains remain offline after flooding exposes railway track's fragility
via abc.net.au
Residents say they are grappling with all too familiar frustrations after severe weather in New South Wales damaged the South Coast rail line and exposed insurance vulnerabilities in the region.
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OTR denied 1,500 workers $2.3m in annual leave entitlements, ombudsman says
via abc.net.au
Service station giant OTR agrees to pay back — or credit — $2.3 million in annual leave entitlements to 1,500 current and former employees across multiple states after a Fair Work Ombudsman investigation.
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Half a million people visit Tasmania in winter, will they still come without Dark Mofo?
via abc.net.au
Dark Mofo has been credited with turning Tasmania's traditionally quiet winter into a must-visit season. But the festival is having a year off this year, and other festivals are ending, so what will that mean for tourism?
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Dark Mofo may have been a 'game changer' for winter tourism, but what happens without it?
via abc.net.au
Dark Mofo has been credited with turning Tasmania's traditionally quiet winter into a must-visit season. But the festival is having a year off this year, and other festivals are ending, so what will that mean for tourism?
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With global crude oil prices at a 14-month high, the price of fuel is set to rise in the coming weeks and months
via abc.net.au
Conflict in the Middle East and Ukraine, improved economic conditions in the US and China and cuts to production have combined to drive the price of crude oil up. Converted to petrol and diesel, it's shipped to Australia, and the cost of it is only going one way: up.
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Our addiction to petrol is going to get more expensive in the coming weeks and months
via abc.net.au
Conflict in the Middle East and Ukraine, improved economic conditions in the US and China and cuts to production have combined to drive the price of crude oil up. Converted to petrol and diesel, it's shipped to Australia, and the cost of it is only going one way: up.
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Consumers feel the pinch as fuel set to get more expensive in the coming weeks and months
via abc.net.au
Conflict in the Middle East and Ukraine, improved economic conditions in the US and China and cuts to production have combined to drive the price of crude oil up. Converted to petrol and diesel, it's shipped to Australia, and the cost of it is only going one way: up.
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What do we know about the asbestos-contaminated mulch found in Melbourne parks?
via abc.net.au
Small pieces of asbestos-contaminated mulch have been popping up in a handful of Melbourne parks. But is there any real cause for alarm?
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Asbestos has now been found at six Melbourne parks — here's what we know
via abc.net.au
Small pieces of asbestos-contaminated mulch have been popping up in a handful of Melbourne parks. But is there any real cause for alarm?
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Asbestos has now been found at several Melbourne parks — here's what we know
via abc.net.au
Small pieces of asbestos-contaminated mulch have been popping up in a handful of Melbourne parks. But is there any real cause for alarm?
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Anger and despair as electricity customers shifted to 'punishing' tariffs
via abc.net.au
Economists love them. Regulators say they make the grid more efficient. But many Australians are finding out time-of-use tariffs mean sharply higher power prices.
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'We were scammed, he was scammed': How criminals used an Australian company to launder money
via abc.net.au
Peter Correy was tricked into sending $450,000 to an Australian oil company. A financial crime expert warns criminals are exploiting weaknesses in Australia's regulatory system to get away with laundering.
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Signatures forged off passports and an international scam: How an Australian company was used to funnel cash offshore
via abc.net.au
Peter Correy was tricked into sending $450,000 to an Australian oil company. A financial crime expert warns criminals are exploiting weaknesses in Australia's regulatory system to get away with laundering.
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How criminals scammed a NSW couple out of $450k and used an Australian company to launder the money
via abc.net.au
Peter Correy was tricked into sending $450,000 to an Australian oil company. A financial crime expert warns criminals are exploiting weaknesses in Australia's regulatory system to get away with laundering.
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BCI pushes for approvals at $1.6bn Mardie project
BCI Minerals says it has received a series of mining lease approvals necessary to finalising its Mardie salt project, as it works to get the $1.6 billion dollar project off the ground this year.
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BP’s Kwinana biorefinery gets ministerial tick
BP’s $1 billion Kwinana biorefinery has received ministerial approval at the recommendation of the Environmental Protection Authority, subject to a target of net-zero emissions by 2050.
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At Close of Business podcast April 8 2024
Claire Tyrrell and Nadia Budihardjo discuss the work of Rotterdam-based architectural firm OMA, which recently visited for Design Week.
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Aust shares edge higher even as odds of quick cuts dim
The ASX200 has finished 0.2 per cent higher even as a US labour market report blew out expectations, reducing the chances of a June interest rate cut.
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Sandfire auctioning DeGrussa assets to pay down rehab bill
Sandfire Resources will begin auctioning off assets at its DeGrussa mine this week, with sales to help pay down its $30 million rehabilitation bill for the mothballed copper operation.
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‘Enormous’ material in Yindjibarndi, FMG legal row
More than a thousand documents and 30-gigabyte of material will be sorted out for the legal dispute between Fortescue and Yindjibarndi Aboriginal Corporation, a court was told.
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WA Liberal candidate field taking shape
PRESELECTION WRAP: City of Perth councillor Brent Fleeton will not join Lord Mayor Basil Zempilas as a Liberal candidate at the 2025 state election, while a former reality TV contestant has been recommended in Tangney.
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Solid output by Silver Lake, Red 5
Gold producers Silver Lake Resources and Red 5 Resources have continued to deliver ahead of their likely merger in June, with both mid-tier companies performing strongly throughout the March 2024 quarter.
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Silver Lake and Red 5 perform well
Gold producers Silver Lake Resources and Red 5 Resources have continued to deliver ahead of their likely merger in June, with both mid-tier companies performing strongly throughout the March 2024 quarter.
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Feds invest in naval base refresh
The federal government will pour $83 million into a suite of upgrades at the HMAS Stirling naval base in Rockingham as work wraps up on a major wharf rebuild.
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Federal Govt invests in naval base refresh
The federal government will pour $83 million into a suite of upgrades at the HMAS Stirling naval base in Rockingham as work wraps up on a major wharf rebuild.
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Employers must lead on disability
Access to meaningful work is crucial to individuals’ full and equal participation in society.
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Bree Fraser launches advisory firm
The former chief financial officer at Nicola and Andrew Forrest’s private company has launched a new business offering family office services to high-net-worth women and their families.
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Police probe bone find at Pilbara mine
A bone found at a Pilbara mine site near Port Hedland is being investigated by police.
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Pilbara green energy plant gets land use nod
An Indigenous-backed clean energy project targeting offtake deals with the Pilbara’s major resources firms has gained a crucial land use deal to progress the $1 billion first stage.
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Land-use deal for Pilbara green energy plant
An Indigenous-backed clean energy project targeting offtake deals with the Pilbara’s major resources firms has gained a crucial land-use deal to progress the $1 billion first stage.
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Union calls for university leaders to resign over large-scale redundancy plans
via abc.net.au
The National Tertiary Education Union says axing 200 jobs will be the death knell of Federation University, which has campuses across regional Victoria and in Brisbane.
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Azure shareholders vote in favour of $1.7bn takeover
Takeover target and lithium hopeful Azure Minerals’ shareholders have overwhelmingly voted in favour of Hancock Prospecting and SQM’s $1.7 billion offer.
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Junior miners settle $26m JV dispute
A dispute among junior miners over a $26 million joint venture deal with Wesfarmers Chemicals has been settled for more than $6 million.
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Record quarter for Tietto
ASX-listed Tietto Minerals achieved a quarterly production record for March 2024, amid China-based Zhaojin Capital's pursuit for the company.
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Chevron Australia reports $8bn dividend as profit dips
Chevron Australia paid close to $8 billion worth of dividends to its parent company in 2023, despite a hike in the amount of tax it paid in Australia.
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Westgold to merge with Karora
Westgold Resources has announced it will merge with Toronto-listed Karora Resources, at a market capitalisation value of approximately $2.2 billion.
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More than 250,000 attend Gather Round games, SA Premier announces wine region location for 2025
via abc.net.au
One of Australia's premier wine regions will host a Gather Round game next year, with the AFL estimating more than a quarter of a million attendees across matches at the weekend.
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Chalice puts Gonneville before EPA
Chalice Mining has lodged plans to develop its Gonneville nickel-copper-platinum project to the Environmental Protection Authority, with an eye to begin building in 2027.
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Government backs multi-million-dollar penalty regime for Coles and Woolworths over anti-competitive behaviour
via abc.net.au
The federal government says it supports fines of up to 10 per cent of Coles' and Woolworths' annual revenue if they are found to be mistreating suppliers, as it begins to move on the supermarket giants.
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APM receives 'disappointing' takeover offer
APM Human Services has received a “disappointing” cash offer from its second largest shareholder Madison Dearborn Partners, 80 cents below the previous bid.
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Waitsia costs blow out to $1.2bn
Beach Energy and Mitsui & Co’s Waitsia stage two gas project will not produce this year and will cost hundreds of millions more than previously expected as a result of quality issues.
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Australia's first commercial-scale green hydrogen electrolyser facility is open for business
via abc.net.au
Green hydrogen has been dubbed the energy of the future. Now, Australia's largest hydrogen electrolyser facility will be able to turn water into green energy without using fossil fuels.
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Cassowaries and crocodiles have bounced back, but these tour operators face a nervous wait ahead of peak season
via abc.net.au
More than three months after ex-Tropical Cyclone Jasper caused severe flooding around Cairns, some tourism businesses are still waiting to reopen.
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Yindjibarndi compensation case returns to court
A long-running dispute between native title holders, the Yindjibarndi people, and Fortescue Metals Group is back in the federal court on Monday.
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Qantas in major frequent flyer upgrade
Qantas Frequent Flyers will have access to over 20 million more reward seats with the launch of Classic Plus Flight Rewards, a new way for members to use their Qantas Points to book flights.
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International spotlight on Perth design
Multinational architecture firm OMA has brought its global perspective to Perth.
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