ASX rallies on steady RBA while CSL soars
Investors had their best day on the Australian share market in almost two weeks after stock in biotech giant CSL rose by almost five per cent.
Economy, Business and Finance
CSL drives ASX broad-based rally
A broad-based rally has been under way on the ASX as CSL and energy providers bounced back from substantial losses in recent days.
RBA sees professionals quit for higher pay
More Australian workers are quitting their jobs for better-paid ones, and the Reserve Bank of Australia has noticed professionals are leading the charge.
Tasmania reports four new cases, 14 active
Tasmania has recorded four new coronavirus infections, taking the total number of active cases since the island state reopened its borders to 14.
Resource exports tipped to hit record high
The country's energy and resource export sector is expected to hit a record $379 billion during 2021/22.
ASX edges higher, new wave lenders drop
Afterpay and rivals Zip and Sezzle fell heavily on the Australian share market due to a possible US probe into consumer harms from their services.
Robo-fish is invasive species’ worst nightmare
Researchers hope a robotic fish can help rid Australian waterways of a destructive invasive species by mimicking its natural predator.
Final text of UK trade deal to be unveiled
Trade Minister Dan Tehan and UK High Commissioner Vicki Treadell are due to unveil details of a free trade agreement between the two countries on Friday.
Nasdaq ends sharply lower on Fed news
Technology companies have led stocks lower on Wall Street as investors weighed the implications of higher interest rates.
Stocks march towards record highs
Traders are waiting to see if Europe's top central banks, the ECB and Bank of England, match the US Federal Reserve's upbeat message and cut stimulus.
Treasurer coy on low income tax benefit
Treasurer Josh Frydenberg says any new tax measures will be announced in the March 29 budget, which would be just weeks out from the federal election.
Aust regulators combine to govern crypto
The Council of Financial Regulators' latest statement puts cryptocurrency in the mainstream, with law enforcement and consumer agencies to weigh in on new laws.
Barca, Real launch action over LaLiga deal
Barcelona, Real Madrid and Athletic Bilbao are taking legal action over LaLiga's deal with a private equity fund which they say is "ruinous" for Spanish soccer.
Regulators keep eye on home loan activity
The Council of Financial Regulators are keeping a watchful eye on home loan activity after criteria for securing a mortgage was tightened earlier this year.
Telstra cops huge fine for privacy breach
The communications watchdog has handed Telstra a $2.5 million fine after it failed to protect the privacy and safety of its customers.
Investors batten down for Fed meeting
Investors are waiting to see what the Federal Reserve will do to dampen inflation.
‘Dirty lending’, banker bonuses on agenda
Banks are walking a tightrope at this week's shareholder meetings as some investors denounce fossil fuel financing and others count the costs of past scandals.
Inflation biggest risk to outlook: Westpac
Westpac chief economist Bill Evans says rising inflation pressures pose the biggest risk for the economy in 2022.
India’s Adani eyes renewable energy crown
Mining and energy giant Adani has announced a record green power purchase agreement in India that it says will turbo charge energy transition and manufacturing.
Smaller budget deficits in perkier economy
Treasurer Josh Frydenberg will reveal smaller budget deficits as a result of a rebounding economy when he hands down the midyear review.
Aust has win in sugar dispute with India
Australia's dispute with India over the use of sugar subsidies may have some way to go after Delhi said it would appeal a WTO ruling.