$2.3bn project held to ransom over pay demand
Striking workers have put a $2.3bn green energy build at risk over demands of a 17 per cent uplift in pay.
Markets
‘Day of reckoning’: Aussies’ chilling warning
A senior economist has warned of a “day of reckoning” amid rising inflation and interest rates, with Australians warned that a crisis could soon be on the cards.
ASX extends losses as Wall St stumbles
After posting strong gains in November and December, the local share market is off to a rocky start in 2024.
300 jobs at risk as coalmine goes bust
A privately held coal company has slipped into administration just two days after Christmas, putting the livelihoods of about 300 people at risk.
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Australian shares set to fall sharply
Australian shares are set to drop sharply today on the heels of a bad day on both Wall Street and European exchanges.
ASX drops 1.5%, CSL, BHP, Fortescue hit
Stocks finish 1.5 per cent lower, hurt by biotech giant CSL, BHP and Fortescue Metals. Retail sales fall 1.7 per cent. Oil prices hit their highest level since 2018 and iron ore jumped.
ASX up 0.6%, financial stocks gain
Stocks finish 0.6 per cent higher, bolstered by financial stocks including IOOF and CBA. Sigma tables $773.3m bid for API, starting bidding war with Wesfarmers.
ASX ends lower as Evergrande falls
Australia’s sharemarket fell slightly at the end of a volatile week. The S&P/ASX 200 index closed down 0.4% at 7342.6 and suffered its first three-week fall in seven months.
ASX up 1%, tech, banks stocks gain
Stocks finish 1 per cent higher, bolstered by tech, bank and energy gains. Wall Street gained after Fed signalled a possible 2022 rate hike and Evergrande concerns eased. Iron ore prices rebound.
Iron ore storms back after surprise deal
The price of iron ore has surged back as fears about Chinese property giant Evergrande eased following a surprise deal.
ASX up 0.3%, resource giants gain, insurers hit
Stocks lose ground to close just 0.3 per cent higher, driven by resource giants. Insurers IAG and Suncorp down on earthquake claim woes. China’s Evergrande strikes deal with bondholders.
ASX ends 0.4% higher, energy, IT stocks up
Stocks recover to finish 0.4 per cent higher, led by energy and IT sectors. APA shares drop 4.7 per cent amid fears of a bidding war for AusNet.
China panic: $344 billion crypto plunge
A panicked mass sell-off overnight has sparked one of the biggest price drops in cryptocurrency history. And China is to blame.
ASX plunges as iron ore price collapses
Australian investors endured a brutal day after the stock market fell to a fresh eight-month low and the price of iron ore plunged.
Original URL: https://www.dailytelegraph.com.au/business/markets/page/198