ASX dives as Fed dampens rate cut hopes
After climbing to a record high on Wednesday, the share market lost ground as US Federal reserve chair Jerome Powell warned rate cuts by March were “unlikely”.
Manufacturing
$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.
Cleaning brands collapse, 120 staff sacked
Up to 120 staff have been sacked after a maker of major Australian household cleaning brands collapsed, with a buyer now being sought for the business.
‘Losing money’: Small firms under threat
Businesses have been “significantly impacted” and are losing money because of strikes at the nation’s ports, the boss of one company says.
Price hike fears over shipping turmoil
Consumers risk facing price hikes on everyday products, including white goods and pharmaceuticals, as chaos in the shipping industry at home and abroad threatens to blow out delivery times and increase costs.
ASX-listed weed company goes bust
The company behind the largest cannabis manufacturing facility in the southern hemisphere has entered administration amid “disunity” at board level.
ASX at 10-month high as Rio hits record
The Aussie share market climbed to its highest level since February 10 on Tuesday, as material and energy stocks helped drive the benchmark higher.
ASX edges lower amid takeover frenzy
While the Australian share market lost ground on Monday, led by a fall in real estate stocks, billions worth of deals were lobbed or closed.
Huge problem with extended warranties
A consumer law expert has revealed how extended warranties sold by Aussie retailers aren’t really worth what you pay for them, as JB Hi-Fi faces a lawsuit over claims it sold “junk” warranties for more than a decade.
Honda faces $6m fine for misleading clients
A popular car manufacturer is facing a staggering fine after it admitted to misleading more than 1000 customers.
‘Serious risk’: Warning on dodgy China pills
The TGA has issued warnings about dodgy pills being shipped to Australia from China, with one product including ingredients that have been banned since 2010.
$2.3bn energy project under investigation
A major energy project is under investigation after workers flagged safety failures, including unhygienic worksites that lack toilets, soap and sanitiser.
‘Culture of fear’ revealed in scathing report
A bombshell report into one state’s public sector has revealed it is ruled by a “culture of fear”, with a warning of a “creeping politicisation” of the service.
Marles touts AUKUS AI as China threat looms
Australian, UK and US defence ministers are touting a brave new world of AI-backed surveillance technology just days after the Chinese navy injured Australian military personnel in the East China Sea.
Iconic ice cream factory gets $100m rebuild
A beloved Aussie ice cream factory is back in business after a $100 million repair build, following the devastating floods that swept the region in 2022.
Aussies kids’ math fail threatens nation’s dreams
Young Australians are struggling to maintain math standards and one expert has warned it threatens the nation’s infrastructure dreams.
Last Big Bank smacks Aussie homeowners
Australia’s biggest bank is the last of the Big Four to slug Aussie homeowners with another lift in interest rates. Here’s how much you’ll pay.
Why petrol prices affect your mortgage
The Reserve Bank has slugged homeowners with another rate rise and a recent surge in petrol prices is partly to blame.
Aussie company cuts third of staff
The Melbourne-based company has laid off a third of its staff in the last financial year.
‘Death sentence’: Call to ban ‘killer stone’
Unions are calling out a “moral failure” and demanding an immediate ban on a common household product killing off Australian workers.
Real reason food prices are going up
Multiple strikes have broken out across Australia’s food sector, putting more pressure on an industry rocked by surging inflation. But experts have cautioned labour is not to blame for rising grocery bills at the checkout.
Trump’s tirade over nuclear subs report leak
The former US president has responded to claims he leaked sensitive military information to Australian billionaire Anthony Pratt in a typically bombastic fashion.
Mark McGowan‘s new gig revealed
Former WA premier Mark McGowan, who quit politics this year claiming he was “exhausted” from political life, has taken on several new high-profile roles.
Calls for pay shake-up for millions of Aussies
A Senate committee is hearing from some of the nation’s heaviest-hitting unions as it considers amendments to Fair Work laws.
ASX closes up, but down for the week
Financials and basic materials had the biggest gains in Friday’s trade, while energy, real estate, and utilities lead the losses.
Trump’s alleged spill to Aus billionaire
The former US president has been accused of spilling sensitive secrets on America’s nuclear submarine fleet to an Australian billionaire at Mar-a-Lago.
Premier’s big cost-of-living relief promise
One state’s premier has pledged to back small business with cost-of-living relief to help them stare down interest-rates and inflation pressures.
‘Urgent’: Batteries recalled on fire risk
Homeowners with solar panels are being warned some popular energy storage batteries could catch fire, cause serious injury or even death.
Claim illegal union blockade a biohazard risk
The heated standoff between union workers and a major poultry supplier included allegations an illegal blockade posed a biohazard risk.
Chaos looms as water workers to strike
A chaotic summer looms for one city as workers at the peak water management body threaten to strike for up to three days.
Original URL: https://www.news.com.au/finance/business/manufacturing/page/4