Australian shares sunk to almost three-month lows after higher-than-expected inflation figures in the United States and Australia pushed bond yields higher and weighed on the local bourse.
Large corporations,including supermarkets,have become more resilient,but smaller retailers are facing greater risk of failure as the consumer spending crunch drags on.
BHP,the world’s largest miner,has approached London-listed Anglo American with an offer that could turn into this year’s biggest deal.
The Australian sharemarket forfeited all of its gains on Wednesday as the latest inflation figures dampened expectations of interest rate cuts.
The Australian sharemarket extended its gains on Tuesday after US stocks rebounded from last week’s sell-off,as worries over a wider Middle East conflict eased.
Australian stocks staged a major turnaround on Monday after a torrid fortnight of trading,despite a negative lead from Wall Street.
The pandemic helped jump-start a shift in who works in our economy. Here’s how we can hold on to the gains.
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Federal police say the drugs were offloaded from a cargo ship into waters off Brisbane. However,“adverse weather conditions” scuppered the cocaine drop.
The Australian sharemarket was a sea of red on Tuesday,weighed down by a “perfect storm” of factors.
The most recent school term has been educational for me and exhausting for my flatmate … and not because we have kids.