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Recent and archived work by AAP for The Bull:

Wall St shudders as trade war intensifies

Wall Street sank after China defied Washington by announcing retaliatory tariffs, the latest salvo in the two countries’ increasingly belligerent trade war, sending investors fleeing equities for less risky assets. All three major US indexes lost ground on Monday in a widespread sell-off, with the tech-heavy Nasdaq posting its biggest one-day percentage loss this year….

Childcare pay rise ‘affordable’: Shorten

Labor says it can afford its $10 billion childcare worker pay rise while also balancing the federal budget better than the coalition. It is understood the pay top-up will be limited to qualified staff in commonwealth-funded centres, and exclude those in local and state government-backed facilities. Labor leader Bill Shorten told reporters in Cairns on…

News Corp shares climb on $23m Q3 gain

News Corp shares are up after it posted $US23 million ($A32.9 million) net income for the third quarter, with the consolidation of Foxtel and a strong performance by HarperCollins offsetting a decline in news and information earnings. The result compared to a net loss of $US1.1 billion a year ago – when the Rupert Murdoch-controlled…

Meat industry wants energy, labour action

Australia’s meat processors have demanded action from both sides of politics on soaring energy costs and labour shortages ahead of the federal election. The $25 billion industry is frustrated with inaction on a comprehensive energy policy with power prices hurting across the supply chain. Australian Meat Industry Council chief executive Patrick Hutchinson said his members,…

RBA maintains medium-term GDP forecasts

The Reserve Bank has confirmed its downgraded near-term economic growth forecasts, but has kept its longer-term expectations unchanged. The RBA said on Friday it now expects annual GDP growth to June of 1.75 per cent, compared to the 2.25 per cent it flagged six months ago, with the December target downgraded from 3.0 to 2.75…

REA lifts Q3 revenue but flags tougher Q4

REA Group says increasing fees on customers of its Australian property classifieds helped the company overcome a huge drop in listings, with third-quarter revenue rising seven per cent to $198.6 million. REA, which operates and is majority-owned by the Rupert Murdoch-controlled News Corp, said listings across the country fell by nine per cent in…

Government to promise power price cuts

The Morrison government will promise to cut power prices by 25 per cent, which could save the average household up to $185 a year. Energy Minister Angus Taylor will on Friday vow to reduce the spot price in the national electricity market to less than $70/MWh by the end of 2021, the Daily Telegraph reports….

Telstra payphones headed to Federal Court

The Federal Court is set to answer whether slapping large digital screens on the back of payphones is “low impact” after Telstra was accused of a “cash grab”. Australia’s biggest telco is battling several councils across the country after its first major redesign of the payphone booth in more than three decades. Councils say Telstra…

Oil rebounds as trade talks resume

Brent oil futures settled slightly higher overnight, rebounding from a drop after US President Donald Trump revived investor hopes that the United States might not raise tariffs on Chinese imports, a step that could hit economic growth and crimp oil demand. The trade dispute between the world’s two biggest economies and a sharp drop in…

Morrison backs mining with $30m school

Putting wind in the sails of Australia’s mining workforce is in Scott Morrison’s sights, with the leader pledging $30 million for a new school for miners in central Queensland. The prime minister hopes the show of support for the industry will help distinguish the coalition from Labor and the Greens, as he tries to shore…