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Live: Wall Street keeps lifting, Bank of England holds rates steady and ASX up
via abc.net.au
The Bank of England holds interest rates steady but the governor is "optimistic" about interest rate cuts while US indices lift, continuing a strong run. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
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Live: Wall Street keeps lifting, Bank of England holds rates steady and ASX set to rise
via abc.net.au
The Bank of England holds interest rates steady but the governor is "optimistic" about interest rate cuts while US indices lift, continuing a strong run. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
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ASX closes in positive territory after Bank of England holds rates steady — as it happened
via abc.net.au
The ASX 200 closed higher on Friday after the Bank of England kept interest rates steady and US indices lifted on Thursday night.
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134 years not out, Don Bradman's restored childhood home goes on the market
via abc.net.au
The house that helped shape the world's best-ever batsman has been put on the market after 17 years by its current owner, who completed a meticulous restoration project.
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Annastacia Palaszczuk steers clear of state politics as she takes up new job
via abc.net.au
The former Queensland premier talks about life post-politics and her new job at the Smart Energy Council, but won't confirm whether she will join her successor Steven Miles on the state election campaign trail this year.
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The Melbourne Airport Rail has been delayed yet again. Here's what went wrong this time
via abc.net.au
The Victorian government's announcement to delay Melbourne's airport rail for another four years is just the latest in a decades-long struggle.
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How trying to build a train to Melbourne Airport turned into a 60-year odyssey with no end in sight
via abc.net.au
The Victorian government's announcement to delay Melbourne's airport rail for another four years is just the latest in a decades-long struggle.
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This carbon project has united greenies, farmers and Australia's richest woman. But it's divided the Coalition
via abc.net.au
Accused by the Nationals of making a wrong call over a controversial carbon capture project, Liberal deputy leader Sussan Ley hits back, exposing a split at the highest levels of the Coalition.
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Politicians are running a mile from a controversial carbon project that Gina Rinehart wants stopped
via abc.net.au
Accused by the Nationals of making a wrong call over a controversial carbon capture project, Liberal deputy leader Sussan Ley hits back, exposing a split at the highest levels of the Coalition.
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'There is no net zero without Australia': Why industry wants more budget money for critical minerals
via abc.net.au
As the world decarbonises, Australia's resources sector is hoping for more government support in Tuesday's federal budget to extract and process critical minerals.
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'If we don't move now this world of opportunity will go right past us': Critical minerals miners call for more government support
via abc.net.au
As the world decarbonises, Australia's resources sector is hoping for more government support in Tuesday's federal budget to extract and process critical minerals.
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Opposition hits out on Metronet spend
The Liberal Party WA has accused the state government of squandering the “largest fiscal boom in state history”, in response to Rita Saffioti’s first budget as treasurer released today.
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Labor backbench 'blindsided' by Albanese's gas strategy that keeps fuel 'to 2050 and beyond'
via abc.net.au
Labor backbenchers say they were caught off guard by the government's new gas policy, which the Resources minister says will keep the fossil fuel in Australia's energy mix until 2050 "and beyond".
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At Close of Business podcast May 9 2024
Nadia Budihardjo and Claire Tyrrell discuss architecture studio Architectus and its plan for the city's growth.
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Industry digests first Saffioti budget
Resources royalty reliance and a lack of action on payroll tax were among the key observations from business groups digesting today’s state budget – the first from Treasurer Rita Saffioti.
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Retail, banking sell-off ends ASX 5-day winning streak
The ASX200 fell 1.1 per cent, with the consumer discretionary sector suffering its worst loss in 16 months on several trading updates.
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S&P praises strong budget outcome
Ratings agency S&P Global Ratings has expressed surprise that the state budget will dip into a cash deficit this year but otherwise was effusive about the health of WA’s finances.
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Wide Open Ag shares down 65pc
Shares in Kewdale-based Wide Open Agriculture fell sharply on Thursday, followings news of the company's intent to raise $10 million in order to aid both its present liquidity needs and short-term objectives.
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WA to secure more events with $77m
Almost $80 million will be poured into securing more events like Coldplay and WWE for the state, the Treasurer revealed in the 2024-25 budget.
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Australians stranded in Vanuatu as national airline teeters on the brink of voluntary administration
via abc.net.au
Australian tourists are stranded in Vanuatu after the country's national airline cancelled international flights for four days, while the Vanuatu government considers putting it into voluntary administration.
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Report recommends stricter safety measures after propeller strap punctured aircraft taking off from Canberra Airport
via abc.net.au
The Australian Transport Safety Bureau calls for vigilance, publishing a report into an incident in which a strap was left on the propeller of a plane that took off from Canberra Airport, damaging the aircraft and injuring a passenger, in 2022.
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Duty threshold up to aid first home buyers
The state government has upped the stamp duty relief threshold for first home buyers, the first change made in a decade, as
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Record spend highlights next infrastructure wave
A record $12.1 billion will be spent through the state’s asset investment program in 2024-25, part of a $42.2 billion outlay forecast over the four years to the end of 2028.
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How did you fare? All the winners and losers from Treasurer Rita Saffioti's first WA Budget
via abc.net.au
A lower-than-forecast surplus, a Metronet blowout and electricity credits all mark the WA budget. What's in it for you?
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Business investment hits a record
Surging investment in resources projects has bolstered economic growth this year while in future years Treasury expects housing and government investment to be the key drivers.
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Surpluses to continue but debt increases
The state government has forecast continued budget surpluses but behind the headline numbers lie big “cash deficits” and a large increase in state debt.
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Govt to spend $2.7bn on Metronet
The state government has allocated $2.7 billion in the 2024-25 budget to spend on Metronet while the estimated cost for the original commitments has blown out.
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Critical minerals weigh, iron ore assumption hiked
The State Government has made an upward revision to its long-term iron ore price forecast, as lower-than-forecast critical mineral royalties highlight the volatility challenges facing the economy.
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Pioneering Yarra Yering keeps ’em coming
There may be nothing fancy about the labels on many of Yarra Yering’s offerings, but that’s because the impressive part is inside the bottle.
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WA has just recorded another huge surplus, but not everyone's happy with today's budget
via abc.net.au
WA Treasurer Rita Saffioti and Premier Roger Cook have unveiled their first budget, ahead of the 2025 state election. Look back at how it all played out.
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WA has just recorded another huge surplus, but not everyone's happy with the state budget
via abc.net.au
WA Treasurer Rita Saffioti and Premier Roger Cook have unveiled their first budget, ahead of the 2025 state election. Look back at how it all played out.
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Live: WA yet again flush with cash as state budget unveils cost-of-living relief
via abc.net.au
WA Treasurer Rita Saffioti and Premier Roger Cook have unveiled their first budget, ahead of the 2025 state election. Follow live.
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Live: WA yet again flush with cash as state budget tipped to offer cost-of-living relief
via abc.net.au
WA Treasurer Rita Saffioti and Premier Roger Cook will this afternoon unveil their first budget, ahead of the 2025 state election. Follow live.
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Live: WA has just recorded another huge surplus, but not everyone's happy with today's budget
via abc.net.au
WA Treasurer Rita Saffioti and Premier Roger Cook have unveiled their first budget, ahead of the 2025 state election. Follow live.
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Old design an example of 'what we don't want to do', say new architects of Hobart AFL stadium
via abc.net.au
The newly appointed architects for Hobart's waterfront stadium say the earlier artist impression of the site is an example of what the company doesn't want to follow.
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Hobart stadium's $715m budget 'perfectly appropriate', new architects say, as old mock-up rubbished
via abc.net.au
The newly appointed architects for Hobart's waterfront stadium say the earlier artist impression of the site is an example of what the company doesn't want to do.
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Caprice eyes off Bantam project
Shares in West Perth-based Caprice Resources rose by 50 per cent on Thursday afternoon, following news that the company plans to acquire a 90 per cent stake in the Bantam project, located in the West Arunta region of Western Australia.
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Alliance Nickel secures major project status
Perth-based Alliance Nickel has notched major project status from the federal government for its nickel cobalt project near Leonora.
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Australia increases financial support to Tuvalu in face of competition with China
via abc.net.au
Australia and Tuvalu declare there are only a "narrow set of circumstances" where the federal government might trigger a contentious part of the Falepili Union which allows Canberra to veto security arrangements struck by the Pacific Island nation.
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Hancock-SQM $1.7 billion Azure takeover complete
SH Mining has completed its $1.7 billion takeover of Australian mineral exploration company Azure Minerals at a price of $3.70 per share.
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Raiden to divest Arrow gold project
Victoria Park-based explorer Raiden Resources has entered into an option agreement with Mallina Corporation, as it plans to divest its Pilbara-based Arrow gold project.
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State's $500m injection to boost industrial, clean energy projects
The State Government has set aside half a billion dollars to fast-track clean energy and major industrial projects around the state and set aside some $36 million to expedite approvals as part of today’s state budget.
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WA directors fined over ID failure
Two Western Australian directors have been convicted and fined after the court found they failed to comply with identification requirements.
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Green light for $56m data centre
NEXTDC will expand its Malaga data centre with a five-storey building, after a development assessment centre greenlit the data storage company’s $56 million plan.
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MinRes terminates Poseidon nickel plant plan
A Mineral Resources plan to purchase Poseidon Nickel’s Lake Johnston nickel plant and convert it to treat lithium mined in the area will not go ahead.
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MinRes moves to terminate nickel plant plan
A Mineral Resources plan to purchase Poseidon Nickel’s Lake Johnston nickel plant and convert it to treat lithium mined in the area appears dead in the water.
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Government backs gas beyond 2050
The federal government has formalised its view of gas as an energy transition fuel, committing to new projects as a means of maintaining reliable and affordable supply beyond 2050.
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Bonza's aircraft leave the country after fleet repossessed
via abc.net.au
The 737-Max 8 aircraft are being flown offshore after the fleet's lease was terminated.
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Cashed-up WA to post another big budget surplus
Treasurer Rita Saffioti is expected to reveal a healthy but slimmer surplus and spending to fight inflation in the WA budget.
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Architectus focused on future needs
A Perth architecture studio is planning for the city’s growth as it expands its own footprint.
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