Mining state sinks into budget black hole
Millions of Aussies are confronting a stark budget black hole, with an economic update exposing a serious $217bn breakdown in one state’s finances.
Millions of Aussies are confronting a stark budget black hole, with an economic update exposing a serious $217bn breakdown in one state’s finances.
The Aussie sharemarket closed up on a strong day of trading, as investors factor in the new US President and how his proposed tariffs will impact the market.
A controversial offshore petroleum licence has been cancelled by the government for public interest reasons, after being fought in courts for a surprising reason.
A crew member of a Rio Tinto ship that was en route to Australia remains missing nearly three weeks after he disappeared at sea.
Beijing’s decision to act on its economic downturn could be a blessing for Australia’s export industry after a dire prediction.
The Australian sharemarket retreated from record highs on Tuesday on a sharp sell-off in the mining sector.
The Australian sharemarket notched a fresh record high on Monday on the back of a mammoth rally in iron ore prices.
New forecasts show Australia’s resources and energy sector earnings are set to plummet, as a dire consequence of EV sales emerges.
The Australian sharemarket snapped a three-day losing streak on Thursday in a frothy rebound propelled by consumer stocks.
Climate activists have reacted to a move to extend the operations of three mines in NSW, with protesters halting a coal train near Newcastle.
The Aussie sharemarket dipped lower on Wednesday as bank stocks tumbled.
The sharemarket dipped lower on Tuesday as the RBA delivered some hawkish rhetoric on interest rates, even as the miners boomed on fresh Chinese support.
Despite more EVs and people working from home, Australian fuel prices increased at double the rate of inflation in the 12 months to June.
The Australian sharemarket booked a fresh record high on Thursday as investors celebrated the US Fed’s “jumbo” rate cut.
Original URL: https://www.thechronicle.com.au/business/companies/mining/page/10