Commodity climb falters, so does ASX
Australian shares' longest winning streak of the year has unravelled after lofty commodity prices, pushed higher by fears over Russian supply, finally eased.
Economy, Business and Finance
ASX down more than one per cent
A fine week for ASX investors looks like having a disappointing end as the market gives back some of its commodity-based gains.
Fewer businesses facing COVID disruptions
New figures have revealed 15 per cent of businesses had staff unavailable due to COVID-19 in February, down from 22 per cent in January.
Flood damage expected to enter billions
Emergency Management Minister Bridget McKenzie says the federal government will continue to support flood-affected communities as the damage bill rises.
Flooded towns look to help neighbours
Many in flooded communities in NSW and Queensland are choosing to count their blessings and look for ways to help their neighbours
Commodity shares keep ASX higher
Commodity shares continued rising on the ASX while investors eased off the supermarkets as the latter struggled with flooding on the east coast.
Super funds expected to dump Russia assets
Australian superannuation funds are being urged by the treasurer to divest Russian assets and join the government in putting a squeeze on Vladimir Putin.
Omicron slowed housing approvals process
Building approvals slumped 27.9 per cent in January, but there was a marked improvement in the trade surplus due to a jump in exports.
Whyalla to produce steel for Inland Rail
The Whyalla steelworks in South Australia has signed a $292 million contract to supply steel for Australia's Inland Rail and other projects.
Holgate wins national leadership award
Christine Holgate has won a national award for excellence in women's leadership, two years after she was told to quit her job by Prime Minister Scott Morrison.
Economy in strong position: Frydenberg
The Australian economy grew by 3.4 per cent in the December quarter, rebounding from a 1.9 per cent contraction three months earlier.
Investors buying ASX as rates put on hold
Investors are betting the war in Ukraine will deter central banks from raising rates, as they moved the ASX higher for a third consecutive day.
Farmers fear for flooded crops, livestock
As communities in Queensland and northern NSW battle devastating floods, farmers are reporting significant losses.
New rules for social media influencers
Social media influencers will be banned from giving testimonials on health products and services under the Therapeutic Goods Administration's advertising code.
Economists upgrading growth predictions
Economists are upgrading their growth forecasts for Wednesday's national accounts after an expected drag from exports proved smaller than expected.
Rate risk to weigh further on house prices
House prices nationally record their smallest increase since October 2020, with those in Sydney posting the first fall in 17 months.
Resources lift Aust shares but mood tense
The Australian share market has closed 0.7 per cent higher on the back of gains in mining stocks but investors remained cautious.
Australian shares edge higher at noon
The Australian share market was trading higher at midday with investors cautious amid the escalating Ukraine Russia conflict.
Forrest not to be outdone in renewables
A wind, solar and battery farm in Queensland to power more than 650,000 homes is key to billionaire Andrew Forrest's plans for "green energy superpower" status.
Call for reform after Probuild collapse
Probuild is merely the latest construction-sector casualty, with reform urgently needed before more tradies lose their jobs, industry bodies warn.
Plane crash may be due to aerobatics: ATSB
An investigation has found a fatal crash off the Gold Coast in June 2019 may have been caused by the pilot attempting low level flying manoeuvres.
Aust shares dive 3pct over Ukraine crisis
The Australian share market has slid by nearly 3 per cent after the Russian announcement of military operations in Ukraine.
Vic premier may offer support to Probuild
Victoria's premier says the state government may provide support to Probuild, as its parent company places the building firm into administration.
Qantas widens loss but outlook improving
Qantas' first-half loss has climbed as travel demand slumped amid COVID-19 Delta lockdowns and the subsequent spread of the Omicron variant.
Woolies profit down, food prices to rise
Woolworths has posted lower first-half profit while its boss is warning food prices will keep increasing due to inflation.
Launceston sparkles in Aussie town award
The Tasmanian city of Launceston has been commended for its natural geography, good food and fine wine.
Costs weigh on Coles first half profit
Coles has delivered a two per cent drop in profit as higher costs and lower convenience store sales hit half-year results.
Palmer cancels speech, gets COVID test
Businessman and United Australia Party founder Clive Palmer has cancelled an address to the National Press Club due to illness.
Limited NSW train service to return
After a day without trains NSW commuters will have limited rail services back on Tuesday as the government and a union battle it out in an industrial dispute.
‘Declare or be aware’ warning for tourists
Border force officers have been told to use the full force of penalties against people arriving in Australia who do not declare potential biosecurity hazards.
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