Breaking news

Emissions rise as virus restrictions ease

CANBERRA, AAP – Australia’s emissions rose slightly last quarter, driven by a transport rebound as coronavirus restrictions eased across the country. The government’s latest emissions data covering the September quarter reveal a 1.7 per cent increase compared to the previous period. Emissions decreased by 4.4 per cent in the year to September, largely thanks to…

Road safety work kicks off across SA

ADELAIDE, AAP – Work is about to start on 15 new road projects across South Australia with the package worth more than $100 million. Deputy Prime Minister Michael McCormack says the projects, jointly funded by the state and federal governments, are designed to reduce road trauma and save lives. “This funding will deliver much-needed lifesaving…

Facebook restores news pages to Australia

CANBERRA, AAP – News has returned to Facebook in Australia with the social media behemoth dropping its ban after reaching a deal with the federal government. Facebook pages for News Corp and Nine newspapers, TV networks, ABC and SBS were restored on Friday morning, less than a day after the news media bargaining code passed…

Wall St closes down, tech selloff drags

NEW YORK, RAW – Wall Street’s main indexes have ended sharply lower on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in US bond yields. The benchmark 10-year Treasury yields hit a one-year high of 1.614 per cent, prompting investors…

Stockland enjoys bumper land sales

MELBOURNE, AAP – Listed property giant Stockland is capitalising on increased confidence in the east coast housing market, inking thousands of residential sales and increasing its half-year dividend. The company reported a statutory profit of $350 million for the half year to December and will pay shareholders 11.3 cents per share. Its residential development division…

Aust shares close up 0.83 per cent

SYDNEY, AAP – Australia’s share market has closed higher, helped by the commodity-based sectors of materials and energy, as well as health. The S&P/ASX200 benchmark index closed higher by 56.2 points, or 0.83 per cent, to 6834.0 on Thursday. The All Ordinaries was higher by 56.3 points, or 0.8 per cent, at 7105.7. There were…

Aged care report scheduled to go public

HOBART, AAP – More than two years after it was first told shocking tales of neglect and failure, the aged care royal commission’s final report is expected to be publicly released next week. Commissioners will on Friday deliver their long-awaited findings to the governor-general but it won’t be made public until the federal government tables…

Biggest lift in business investment in 8½ years

Biggest lift in business investment in 8½ years Business investment; Average weekly earnings Business investment: New business investment (spending on buildings and equipment) rose by 3.0 per cent – the biggest quarterly lift in 8½ years – in the December quarter after five successive declines. But spending is still down 7.5 per cent on the…

CommSec Daily Report Thursday

Market recovers yesterday’s losses The Australian sharemarket is clawing back some of yesterday’s losses, helped by a rally in the Energy sector and gains in the Financial, Materials and Healthcare sectors. The ASX 200 (XJO) is up 62 points or 0.9% to 6,840. Oil stocks are climbing higher thanks to a 2.5% jump in global…

Asian shares rise after Fed rates comments

MIAMI, RAW – Asian stocks has perked up after US Federal Reserve chair Jerome Powell reaffirmed interest rates would stay low, calming market fears that higher inflation might prompt the central bank to tighten the monetary spigot. “The dovish influence from the Fed is going to continue to resonate over in Asia. That’s really good…