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Highlights of Queensland’s 2021/22 budget

BRISBANE, AAP – HIGHLIGHTS OF QUEENSLAND’S 2021/22 BUDGET What the Queensland government will be spending money on, by sector, in the next financial year. HEALTH * $20.8 billion for Queensland Health operations * Including $482 million to relieve pressures in emergency department capacity, elective surgery waitlists and for the Nambour Hospital Redevelopment * $2 billion…

CBA, CSL help ASX climb to record high

SYDNEY, AAP – Commonwealth Bank and CSL shares have helped the Australian share market to a record high but some analysts are tipping the fertile environment will be slowly withdrawn from next month. The Commonwealth Bank, the biggest company on the ASX, hit a record price before Reserve Bank meeting minutes showed favourable conditions may…

Reserve Bank deflects inflation concerns

Reserve Bank deflects inflation concerns Reserve Bank Board minutes; Overseas arrivals/departures; Oil market; Property prices What happened? Minutes of the last Reserve Bank Board meeting were released. Also of note: Tourist arrivals and departures surged in April, reflecting the creation of a travel ‘bubble’ between Australia and New Zealand. The Australian Bureau of Statistics reports…

Asian shares rise in early trade

HONG KONG, RAW – Asian shares have risen, tracking Wall Street higher, though investors are looking to a Federal Reserve policy meeting to see if the central bank will signal any change to the US monetary policy outlook. Japan’s Nikkei rose 0.89 per cent in early trading on Tuesday and MSCI’s broadest index of Asia-Pacific…

CommSec Daily Report Tuesday

Latest news A solid start to a busy holiday-shortened week, with the ASX 200 up by 72 pts or 1 per cent to 7385, which extends the local market’s winning streak to a third session while also hitting fresh record highs in the process. Some of the highlights this week are likely to be a…

Work on Sydney’s third city starting 2021

SYDNEY, AAP – Building work will begin on Sydney’s newest city by the end of the year, with more than $1 billion promised in next week’s NSW budget. Paddocks covered in long grass will soon start being transformed into the city of Bradfield, which will be built on the doorstop of the new Western Sydney…

More records on ASX, AUD below US 77 cents

SYDNEY, AAP – Investors have sent shares on the Australian market to new heights as market heavyweights CSL and the banks received big boosts. Shares on the ASX200 were one per cent higher and reached 7394.3 points early after the US S&P 500 and Nasdaq made record highs. Healthcare shares were up 2.28 per cent….

Suncorp sees Victoria flood claims rise

SYDNEY, AAP – Insurer Suncorp has fielded about 3,750 claims from customers following the heavy rain and flash flooding that continues to plague large parts of Victoria. The claims are mostly for property damage since winds of up to 125km/h and heavy rain lashed the state from Wednesday night. Two people have died. The insurer,…

S&P 500, Nasdaq hit new closing peaks

NEW YORK, RAW – The S&P 500 and Nasdaq have eked out record high finishes on Monday, despite most traders being focused on this week’s Federal Reserve meeting and not on adding to existing positions. Investors are seeking new cues from the central bank on its inflation outlook, after recent data indicated the US economy…

Australia being left behind on renewables

CANBERRA, AAP – Australia is not doing enough to reduce carbon emissions and risks being left behind as other countries race to embrace renewable energy. These are the stark findings of a new report scrutinising the performance of countries around the world. The annual global status report from international network REN21 found 165 countries had…