ASX hits record high
The share market hit a new high on Wednesday as better than expected inflation figures raised hopes of an end to interest rate hikes.
Breaking News
Sign interest rates to be put on hold
Inflation eased in the December quarter to its lowest level in two years, all but guaranteeing the Reserve Bank board keeps rates on hold.
Major call on recession outlook
A global economic organisation has forecast inflation in Australia will fall further, but it warns risks in the world economy remain.
Qantas steals Optus’ major hire
Optus has been dealt another setback after its incoming corporate affairs chief, who hadn’t even started her new role, was poached by Qantas.
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Bank’s special requirement of jobseekers
One of Australia’s major banks will hire 150 staff as part of its latest recruitment drive to meet the needs of online banking – but there’s one condition.
Major JobKeeper probe announced
The country’s audit office has launched a probe into how effective the ATO has managed the JobKeeper scheme during the pandemic.
Aussie sharemarket follows global surge
The Australian sharemarket edged higher on Tuesday, as global markets recovered from the shock of the GameStop short-selling saga.
RBA reveals economic outlook for 2021
The central bank has revealed its latest stance on interest rates and set out its economic predictions for the coming year.
Virgin suspends flights to popular spots
Virgin Australia has cancelled all international short-haul flights due the ongoing coronavirus pandemic. These are the destinations affected.
Investors’ surprising reaction to news
A major online furniture retailer has reported a major bump in earnings, but its investors don’t seem to be that impressed.
Aussie company turns away from China
A major Australian producer says it will limit exports to China after the escalation in trade tensions between Beijing and Canberra.
Aussie stocks bounce back from sell-off
The Australian sharemarket has ended the day higher despite early morning jitters in wake of the GameStop saga.
Fintech blasts NAB over bank buying
A fintech vying to become Australia’s next neobank says NAB’s decision to buy a smaller player will hurt competition within the industry.
Home loan lending figures off the charts
Latest figures from the Australian Bureau of Statistics show new home loan commitments have reached record highs.
Original URL: https://www.themercury.com.au/business/breaking-news/page/189