‘Positive signs’: ASX resets record high
Australian shares surged on Friday to reach a fresh record just two days after closing at a previous all-time high.
Breaking News
Bitter port dispute comes to an end
The union and the stevedoring company have reached a truce after the bitter dispute resulted in a backlog of some 50,000 containers.
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”.
Albo’s housing target in danger
A shock deficit in the number of new homes being approved has put the federal government’s housing target in jeopardy.
More Stories
Buyers stampede homes under the hammer
Residential property prices look set to keep surging this year, with staggering 100 per cent auction clearance rates in some areas.
Qantas reveals $99 flexible flight sale
Qantas has launched a mass sales drive, with flights starting from $99. It coincides with another initiative that takes the worry out of cancelling flights.
ASX rebounds with banks big winners
The ASX wiped out Thursday’s losses and ended the week 3.5 per cent higher after an RBA move and commentary boosted bank stocks.
Aussies drinking their way through pandemic
Latest data from the ABS shows Australians spent more at the bottle shop than in the previous decade during the pandemic.
Rio Tinto admits more cave blast failings
Rio Tinto has admitted communication failings with traditional owners as it tries to heal the deep wounds left by the Juukan Gorge cave blast scandal.
How much Aussies have lost in 10 years
The pain continues for Australian savers as more banks cut their rates, and how much we’re missing out on has been revealed.
Aussie wine to shift away from China
China’s crippling tariffs on Australian wine are creating major challenges with producers quickly trying to pivot away from the economic cash cow.
‘Ready for recovery’: Qantas’s new deal
Major airline Qantas has secured a new partnership that will ensure regional Australia remains linked to the rest of the country.
Sign businesses have their swagger back
A new survey from one the country’s major banks has revealed a stronger economy is providing businesses with a much-needed confidence boost.
ASX on three-day winning streak
The ASX continued its winning streak after a Wall Street buying bonanza, with Australian banks still strong, helped by an ‘on fire’ housing market.
Original URL: https://www.themercury.com.au/business/breaking-news/page/188