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ASX sets record closing level after rally

SYDNEY, AAP – Shares have set a record closing level on the Australian market after a broad-based rally of more than one per cent. Gains of more than two per cent for energy and materials shares were the driving force. Shares in market giant BHP closed higher by 3.13 per cent to $51.45, just shy…

Record iron ore exports to boost miners dividend payouts 2:06 pm

Record iron ore exports to boost miners dividend payouts International trade; Weekly payroll & jobs What happened? The value of merchandise goods exports rose by 7.5 per cent in June to a record high of $41.3 billion in June. The goods trade surplus hit a record high of $13.3 billion in June, with the value…

Scott Morrison approaches milestones as PM

CANBERRA, AAP – Scott Morrison is about to surge up the rankings of Australia’s longest-serving prime ministers. Mr Morrison will in coming weeks have served a longer time in office than Labor legend Gough Whitlam before a series of milestones in coming months. He will also pass predecessor Malcolm Turnbull, Labor’s Julia Gillard and former…

Global stocks shrug off virus worries

SINGAPORE, RAW – Asian stocks have rallied on Thursday, bonds nursed losses and oil held onto sharp gains as investors seemed to set aside virus jitters for now and looked ahead to the European Central Bank for reassurance that policy support will continue for some time. MSCI’s broadest index of Asia-Pacific shares outside Japan followed…

CommSec Daily Report Thursday

Latest News Local shares have added further to Wednesday’s gains with the ASX 200 lifting 67pts or 0.92% to 7,376 around lunch. The index has now fully recouped the losses over the first two days of the week with the impressive gains following similar advances on US markets. Improvements have been broad locally with nearly…

BHP helps ASX higher after Tesla deal

SYDNEY, AAP – Energy and building materials suppliers were the biggest beneficiaries of a broad-based rally on the ASX. Energy shares were up 2.51 per cent after oil prices remained elevated. Materials shares were better by almost two per cent, helped by strong demand for iron ore. Market giant BHP gained 2.82 per cent to…

Unvaccinated aged care staff test positive

CANBERRA, AAP – Three unvaccinated staff members across two NSW aged care homes have tested positive for coronavirus. Five people at a disability group home have also tested positive, highlighting the dangers of the bungled vaccine rollout across both vulnerable sectors. The three disability care residents and two staff infected had only received one dose…

Record trade surplus on iron ore demand

CANBERRA, AAP – Record demand for iron ore has lifted Australia’s goods trade surplus to a new peak of $13.3 billion. Australian Bureau of Statistics preliminary figures for the month of June show exports ballooned eight per cent to $41.3 billion, with significant increases in metalliferous ores, coal, non-monetary gold and gas. Exports of metalliferous…

AGL to report emissions targets

SYDNEY, AAP – AGL companies will report their progress in reducing carbon emissions following sustained shareholder pressure. AGL on Thursday said its two proposed demerged companies would give investors a say on climate reporting at their 2022 annual general meetings. AGL Energy chair Peter Botten said the companies will publish their progress in meeting decarbonisation…

EU ‘will not renegotiate N Ireland deal’

BRUSSELS, RAW – The European Commission will seek “creative solutions” to difficulties in trade between Britain and Northern Ireland caused by Brexit but will not renegotiate the Brexit deal on Northern Ireland, Commission Vice President Maros Sefcovic says. The United Kingdom on Wednesday demanded a new deal from the European Union to govern post-Brexit trade…