Australian shares rallied in their first post-Christmas session as iron ore futures soared above $US140 a tonne. Source
Economy
Continued tensions in the Red Sea and crippling strikes at major Australian ports risk leading to price hikes for thousands of products as shipping schedules face significant delays. Source
The Australian sharemarket was bolstered by a rally in mining and energy stocks on Friday, pushing the benchmark to record its strongest weekly gain since July, up 3.4 per cent. Source
Maersk, one of the world’s largest shipping companies, said on Friday it was suspending its vessels’ passage through a key Red Sea strait following attacks by Yemeni rebels on merchant ships. Source
The Australian share market edged lower on Monday, ending a six-day winning streak, after officials at the US central bank hosed down expectations of early interest rate cuts. Source
The Reserve Bank has warned it may hike rates again despite noting “encouraging signs” of falling inflationary pressures across the economy. Source
The Australian share market advanced on Tuesday as energy and materials stocks propelled the benchmark to its highest level since February 10. Source
Anthony Albanese clocked up a VIP flight bill of almost $4m in his first year as Prime Minister, newly released data reveals. Source
Following a record breaking session on Wall Street overnight, Australian shares extended their gains on Wednesday to near record highs. Source
Diplomatic tensions between Australia and China have continued to thaw after Beijing lifted trade restrictions on three Australian abattoirs. Source
Venture capital (VC) is a high-risk, high-reward game. Source
The Australian sharemarket extended its winning streak to a third day on Tuesday, buoyed by an increase in interest rate-sensitive stocks as traders await fresh US CPI data to be released on Wednesday night (AEDT). Source
The federal budget deficit forecast for this financial year has been slashed to just $1.1bn, all but guaranteeing Jim Chalmers will deliver back-to-back surpluses. Source
The Australian share market firmed on Wednesday as healthcare, financials and materials stocks offset heavy losses booked by oil producers. Source
Australia’s top medicines watchdog has raised the alarm over a sweep of dodgy imported tablets from China, warning consumers the products contain serious health hazards and have not been tested to Australian standards. Source
The share market jumped to reach its highest level in almost three months on Monday morning before shedding early gains to finish flat at the end of trading. Source
Economic investment, not just security deals, will be pivotal in Papua New Guinea’s future development, its Prime Minister James Marape has warned just days after a new defence agreement was inked between Australia and its northerly neighbour. Source
Workers on a mammoth $2.3bn energy project are going without toilets, using unsafe harnesses and are at risk of being hit by falling objects, according to furious union safety inspectors. Source
The Australian share market soared on Wednesday with the benchmark posting its biggest daily gain in more than a year on hopes that the Reserve Bank is done raising rates. Source
Embattled Chinese property juggernaut Evergrande has once again wriggled its way out of shutting down completely two years after becoming the most indebted company in the world. Source