US stocks have closed higher amid tempered expectations among investors about the Federal Reserve's rate-hike plans.
Lewis Krauskopf, Sruthi Shankar and Anisha Sircar
With the cost of petrol soaring past a record high of $2 in cities around Australia, we spoke to an expert to answer your biggest questions.
Investors are betting on central banks bringing inflation to heel, sending stocks and bonds towards their first weekly gain in a month.
The ASX200 rallied in the final hour of trading on Friday to finish up 0.8 per cent, and 1.6 per cent higher for the week.
Gareth Evans, the man touted to take over from Qantas chief executive Alan Joyce, has quit the top job at subsidiary Jetstar.
The halt came just days after Andrew Forrest’s private investment arm Tattarang emerged with a 17 per cent interest.
The automaker behind luxury car marques Peugeot, Maserati, Chrysler and Jeep will take a $76 million equity stake in the German lithium brine player.
The airline’s 19,000 staff will each get a one-off bonus as strong travel demand across the airline’s domestic and international networks dives down net debt to below pre-COVID levels.
US stocks have closed higher as investors backed shares in utilities and healthcare companies.
Lewis Krauskopf and Devik Jain and Sruthi Shankar
Iron ore advanced from its lowest close in more than six months after Chinese President Xi Jinping pledged to achieve economic goals for the year, despite pandemic and property headwinds.
The new lithium company is developing the Goulamina project in Mali in partnership with Chinese giant Ganfeng.
The risk of a global recession amid aggressive rate hikes by the US Federal Reserve has kept investor sentiment fragile, leading to a wobble on the Asian market
Stella Qiu and Alun John
Shares in St Barbara have continued to dive as investors digest revelations that an asset in PNG could be sold off and a gold mining operation in Canada could be force into a production halt within months.
The Australian share market has closed modestly higher despite losses by iron ore miners and oil producers on recession fears.
Elon Musk says Tesla’s new plants in Germany and Texas are losing “billions of dollars” as the electric-vehicle maker tries to ramp up production.
The Australian Stock Exchange has the second-lowest alignment to the Paris climate pact with most future spending by companies missing the global warming mark.
US stocks have closed slightly lower as investors digested comments from Federal Reserve Chair Jerome Powell.
Lewis Krauskopf, Devik Jain and Anisha Sircar
The Australian Government has made a major announcement on cryptocurrencies after a big decision on the treatment of Bitcoin overseas.
News Corp Australia
St Barbara has put a final investment decision on the expansion of it Simberi sulphide project in Papua New Guinea on hold as it mulls a likely increase in capital costs and a possible sale of the asset.
The Australian Conservation Foundation is seeking to halt work on the huge gas project, citing the potential damage to the Great Barrier Reef.
Enthusiasm that gave Wall Street its best day in over a month was suddenly gone as Europe opened 1.5 per cent lower and Brent crude prices plunged 4 per cent.
The Australian share market has resumed its downward march after snapping a seven-session losing streak, closing down 0.2 per cent.
Australia’s biggest private health insurer is set to return another $205 million to its members just as they grapple with the rising cost of living.
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