Australian shares dive 3pct over Ukraine invasion
Markets
Australian shares dive 3pct over Ukraine invasion
Global equity markets sell off, bonds rally and oil jumps as Russian President Vladimir Putin orders a military operation in eastern Ukraine.
RBA cuts again to take cash rate to 1pc
Markets
RBA cuts again to take cash rate to 1pc
The Reserve Bank of Australia has cut the cash rate to a fresh record low of 1.0 per cent, reducing the cost of borrowing for two months in a row for...
Market expecting first of rate cuts
Stocks
Market expecting first of rate cuts
The Reserve Bank of Australia is set to deliver an interest rate cut this week, with the key question then how many more reductions will follow.
Packer sells shares in Crown to Melco
Stocks
Packer sells shares in Crown to Melco
James Packer has sold almost half his stake in Crown Resorts for $1.76 billion to a Macau-based entertainment company.
Telstra to cop further $200m hit in FY19
Stocks
Telstra to cop further $200m hit in FY19
Telstra has announced it will record $500m in impairments in its FY19 results as it writes off its legacy IT assets, and increased its forecast...
Bank shares surge as investors digest election
Stocks
Bank shares surge as investors digest election
Banking stocks have surged as investors react to the coalition's federal election win, driving the Australian share market higher.
Heat on RBA as jobless rate rises to 5.2pc
Markets
Heat on RBA as jobless rate rises to 5.2pc
Australia's unemployment rate rose 0.1 percentage points in April to a worse-than-expected 5.2 per cent, adding pressure on the Reserve Bank to...
Uber IPO sets company's value at $US82bn
Stocks
Uber IPO sets company's value at $US82bn
Uber priced its IPO at the low end of its targeted range to value the company at $US82.4bn ($118bn), hoping the conservative approach would let it...
Vodafone to fight ACCC on TPG merger
Stocks
Vodafone to fight ACCC on TPG merger
Vodafone Hutchison Australia says it and TPG Telecom will fight for the right to merge, hours after Australia's competition watchdog declared it...
CSR profit shatters on glass, power prices
Stocks
CSR profit shatters on glass, power prices
Building product company CSR's full-year profit has been hurt by higher power prices and losses linked to the sale of its troubled glass business,...
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