All news

Asian shares up but set for weekly loss

SHANGHAI, RAW – Asian shares have inched higher on Friday but were set for a weekly loss, while the US dollar hovered near two-month highs as investors continued to digest comments from the US Federal Reserve projecting interest rate hikes in 2023. While the Fed messaging indicated no clear end to supportive policy measures such…

Vouchers bring back Friday CBD long lunch

SYDNEY, AAP – The NSW government will dole out $100 vouchers for Sydney CBD pubs and eateries in a bid to get more people into the city on Fridays. Treasurer Dominic Perrottet said the $50 million scheme, to be included in next week’s budget, will enable 500,000 people to apply for the vouchers. The vouchers…

Tech shares surge on rebounding ASX

SYDNEY, AAP – Information technology shares soared by more than three per cent as the ASX bounced back from Thursday’s rate hike worries. Buy now, pay later provider Zip rallied by 9.17 per cent to $8.09 and Afterpay climbed 6.30 per cent to $114.24 after investors earlier pushed the US Nasdaq higher. ASX telecommunications and…

CommSec Daily Report Friday

Latest News The Aussie market is rebounding from Thursday’s declines with the ASX 200 lifting at lunch on Friday. The index is climbing 36 points or 0.5% to 7,394 around midday even as US markets were mixed overnight with investors still digesting the latest interest rate forecasts from the US Federal Reserve. The benchmark index…

Super law reform backlash ‘scare tactics’

CANBERRA, AAP – Treasurer Josh Frydenberg has denied newly passed superannuation laws will trap millions of Australians in dud products, branding backlash as “scare tactics”. Australian workers currently often unknowingly open many small accounts and get signed up to default insurance, attracting multiple fees. Under new rules passed in parliament on Thursday, workers will be…

Woolworths taken to court for underpayment

CANBERRA, AAP – Woolworths is facing legal action for allegedly underpaying managers, with the workplace watchdog hunting more than $710,000 in outstanding back pay. The Fair Work Ombudsman has launched Federal Court action against the supermarket giant over allegations it underpaid 70 salaried managers upwards of $1.1 million. The regulator claims $713,395 has not been…

Aust business competitiveness ‘slipping’

SYDNEY, AAP – Australia’s business competitiveness has slipped with the country ranking poorly on company agility, entrepreneurship and management credibility. That’s according to the IMD World Competitiveness Yearbook 2021 which on Thursday ranked Australia 22nd of 64 nations, four places lower than 2020. The study ranked Australia among the worst nations on company agility and…

Wall St mixed after hawkish Fed message

NEW YORK CITY, RAW – Conviction in the strength of the economic recovery has pushed investors into US technology stocks, driving the Nasdaq higher, although a post-Fed hangover limited a subdued S&P. The Dow slipped to a fourth straight closing loss, with investors still processing the Federal Reserve’s unexpectedly hawkish message on monetary policy from…

NSW paramedics plan budget day strike

SYDNEY, AAP – NSW paramedics will continue their wages spat with the state government by only attending the most urgent, life threatening cases on the day the budget is delivered. The Health Services Union says the action on Tuesday follows an “insulting” pay offer from the state government. It will be a repeat of last…

Population: Fewest Aussie births in 13 years. Death rate falls

Population: Fewest Aussie births in 13 years; Death rate falls Population What happened? Australia’s population increased by 6,900 people or 0.03 per cent in the December quarter, 2020 to 25,694,393 people. In 2020, Australia’s population grew by 136,300 people – the slowest pace since at least June 1982 when Bureau of Statistics (ABS) records began….