All news

Construction workers protest at CFMEU

MELBOURNE, AAP – Hundreds of construction workers have stormed their union’s headquarters in Melbourne, protesting against new mandatory vaccination rules for the building industry. Protesters gathered outside the Construction, Forestry, Maritime, Mining and Energy Union head office on Elizabeth street on Monday morning against having show proof of their vaccination to be allowed back on…

Hydrogen energy hubs receive $150m boost

CANBERRA, AAP – Two hydrogen energy hubs will receive $150 million in federal funding as the government throws more weight behind the industry. The announcement comes on top of the $1.2 billion set aside for hydrogen, which has emerged as a future renewable energy source. Hydrogen is expected to play a key role as part…

CommSec Daily Report Monday

Latest News The Aussie market is well lower to start the new week with local shares following losses on Wall Street on Friday’s session. The ASX 200 is weaker for a second session in a row and is down 113 points or 1.5% at 7,291 at midday. Declines on the local market have been broad…

Miners’ plunge resumes, ASX down 1.5pc

SYDNEY, AAP – Iron ore miners’ plunging popularity has continued at the start of the trading week amid widespread selling on the share market. The market was down 1.5 per cent at 1200 AEST after Wall Street closed lower on Friday. Mining giants BHP and Rio Tinto lost more than four per cent. Iron ore…

Australia Post on Christmas hiring drive

MELBOURNE, AAP – Australia Post needs to recruit almost 5000 workers to keep up with demand from people in locked down areas, with more than two million parcels being delivered each day. The postal service says it needs to fill 1600 permanent and fixed term jobs across the country, and another 3300 casual jobs before…

Retailers hoping for busy Christmas sales

CANBERRA, AAP – Retailers struggling to keep afloat as a result of coronavirus lockdowns are being given a glimmer of hope for a busy Christmas trading period. Australian Retailers Association CEO Paul Zahra said lockdowns in NSW, Victoria and the ACT are threatening the survival of small businesses, and some discretionary retailers, particularly those in…

Asia stocks tense for US Fed tapering news

TOKYO, RAW – Asian shares have eased and the dollar held firm on Monday ahead of a week graced with no less than a dozen central bank meetings, highlighted by the Federal Reserve which is likely to take another step toward tapering. Holidays in Japan, China and South Korea made for a thin start, and…

wall street forex brokers

Wall Street ends rollercoaster week lower

NEW YORK, RAW – US stocks have ended sharply lower in a broad sell-off, ending a week buffeted by strong economic data, corporate tax hike worries, the Delta COVID-19 variant and possible shifts in the US Federal Reserve’s timeline for tapering asset purchases. All three major US stock indexes lost ground, with the Nasdaq Composite…

Iron ore miners friendless, ASX lower

SYDNEY, AAP – Iron ore mining stocks have been dumped in great numbers, pulling the ASX to its steepest loss of the week. Iron ore specialist Fortescue Metals lost more than 11 per cent after the price of the steel-making material fell as low as $US107 per tonne. Rio Tinto lost more than four per…

PM wants Chinese property giant to survive

CANBERRA, AAP – Scott Morrison has hosed down concerns the potential collapse of a Chinese construction giant could trigger an international financial crisis. Evergrande – the world’s most indebted company – is teetering under eye-watering liabilities, stoking fears of wider economic fallout. But Australia’s prime minister does not expect a similar impact to the global…