Campaigns pitch jobs against health care
CANBERRA, AAP – Prime Minister Scott Morrison aims to use the second day of election campaigning to focus on a jobs creation pitch. Mr Morrison is in Sydney on Tuesday, spruiking a pledge to create 1.3 million jobs over the next five years. Labor leader Anthony Albanese remains in Tasmania, where he will outline a…
Women seek greater workplace flexibility
CANBERRA, AAP – First it was the “Great Resignation”, then Treasurer Josh Frydenberg tried to introduce the term the “Great Reshuffle”, but now there is the potential “Flexidus” among women workers. The LinkedIn network has found two in three Australian women want more flexibility in their work. Its research found that while the pandemic has…
Wall St stumbles on rising Treasury yields
NEW YORK, RAW – Wall Street closed sharply lower as investors started the holiday-shortened week in a risk-off mood, as rising bond yields weighed on market-leading growth stocks ahead of crucial inflation data. All three major US stock indexes ended deep in negative territory, with tech and tech-adjacent stocks pulling the Nasdaq down 2.2 per…
Elon Musk will not join Twitter board
CALIFORNIA, RAW – Twitter says Elon Musk rejected its offer to join the social media firm’s board, a dramatic turn in a week when the billionaire became its biggest shareholder, and it warned of more drama with “distractions ahead”. Twitter chief executive Parag Agrawal said in a note posted to Twitter that the company’s board…
Star lawyer rejects ‘hopeless’ compliance
SYDNEY, AAP – A top lawyer at Star Entertainment has rejected claims the gambling giant was “completely hopeless” on managing risks linked to a notorious Macau-based junket operator allegedly involved with Asian crime gangs. The NSW gaming regulator inquiry into The Star Sydney is probing whether the Sydney casino has been infiltrated by criminal activity,…
Shanghai eyes restart as COVID cases rise
SHANGHAI, RAW – Authorities in China’s financial centre of Shanghai will start easing lockdown in some areas, despite reporting a record of more than 25,000 new COVID-19 infections, as they strive to get the city moving again after more than two weeks. Shanghai has classed residential units into three risk categories, to allow those in…
ASX flat, bond yields surge higher
SYDNEY, AAP – Surging bond yields have contributed to a lacklustre Australian share market as investors considered better returns in assets other than shares. The market closed little changed on Monday after the Australian government 10-year bond yield rose to more than three per cent amid a higher interest rate environment. All the share categories…
Aust shares drop, bond yields stay at 3pct
SYDNEY, AAP – Technology and energy shares were among the least popular on a lower Australian market, which followed US markets rattled by rising bond yields. The ASX was down 0.67 per cent and all share categories were lower as rising bond yields in Australia and the US showed investors expecting higher rates soon. The…
Demand for skilled workers remains strong
CANBERRA, AAP – Demand for skilled workers remains strong, with job advertisements posted on the internet at their highest level since July 2008 and prior to the global financial crisis. Preliminary National Skills Commission figures released on Monday show job ads rose by a further 3.7 per cent in March to 282,400. Over the year,…
Soft Market Open : Recession obsession
Stocks are soft at the Monday open on increasing evidence the Federal Reserve will take a more committed approach to its monetary policy inflation-fighting stance. However, markets have been surprisingly resilient as discussions under the surface debated whether this week’s US March CPI data will hint at the peak of the inflation cycle and help…
