Brisbane Times / Business

Today News


Markets Live: ASX hot streak keeps burning

SMH.com.au / Business

Shares extended their hot streak to 10 sessions as selling in the major miners is offset by buying in the big banks.

Tuesday, Oct 17


Phone, internet complaints peak with 160 per cent rise driven by NBN woes: Ombudsman report

Not since 2012/13 have so many Australians been unhappy with their phone and internet service.


Markets Live: ASX muscles out of tight trading range

SMH.com.au / Business

The ASX builds on yesterday's five-month high with miners advancing solidly and ANZ inching higher after agreeing to sell its wealth business.

Monday, Oct 16

Markets Live: ASX breaks free

Miners are the stars on another solid day of trade on the ASX as a week-long rally looks breaks the sharemarket out of its multi-month trading range.

Saturday, Oct 14


Cost cutting and understaffing of aged care homes leads to rationing and neglect

"Sometimes they are given food and they ask me 'what is it?', and I say 'I have no idea'."

Friday, Oct 13


Markets Live: ASX in best week since March

SMH.com.au / Business

Australian shares rallied to their best week since March, in a broad-based advance led by consumer discretionary and utility companies.

Thursday, Oct 12

Markets Live: ASX hits three-and-half month high

Australian stocks advanced on Thursday in a broad-based rally that lifted the market back to back to end-June levels by the end of the trading day.

Wednesday, Oct 11

Markets Live: Banks propel ASX

SMH.com.au / Business

Australian shares rose on Wednesday, to close at their highest level in nearly two months, as buying in the big four banks helped to lift the index.


Federal Court upholds penalty rates cut for retail and hospitality workers

The Fair Work Commission's controversial decision to reduce Sunday and public holiday penalty rates has survived a Federal Court challenge in which unions argued the people most affected could least afford a pay cut.

Tuesday, Oct 10


Markets Live: ASX slips but AMP climbs

SMH.com.au / Business

Australian shares fell for the first time in three sessions on Tuesday, dragged lower by the big miners, although AMP was bolstered by a broker upgrade.

Monday, Oct 9

Markets Live: Banks power ASX gains

The ASX ended Monday's session on an upbeat note, as a strong performance from the banking sector and a bit of deal speculation helped to buoy the index.

Sunday, Oct 8


Jaguar Land Rover recalls 17,000 vehicles over airbag fears

The company insists it is just a precaution and there have been no reports of faulty airbags.

Friday, Oct 6


Markets Live: ASX ends week on a high note

Australian shares pushed 1 per cent higher on Friday, with the strong performance cementing the first weekly gain for the ASX in three weeks.

Thursday, Oct 5

Markets Live: Banks depress ASX

The ASX finishes the day slightly lower with losses for banks offsetting gains in the miners. Qantas and Virgin take off after a broker upgrade.

Wednesday, Oct 4

Markets Live: ASX slumps again

Shares took another dive into the red on Wednesday, although blue-chip names CBA and QBE provided a bit of relief from the general gloom.

Tuesday, Oct 3


Unions sign landmark submarine building agreement

Australian unions have signed a landmark agreement with Naval Group Australia to build 12 new submarines on-time and on-budget and to protect Australian workers.


US gun stocks rise following Las Vegas shooting, while MGM Resorts shares fall

Following every deadly mass shooting in the United States, US gun stocks rise. It's happened again this week following Sunday's attack at a Las Vegas concert.


Markets Live: QBE drags ASX down

Investors failed to build on the month's positive early momentum on Tuesday, with a sharp fall in QBE Insurance dragging the ASX into the red.

Monday, Oct 2

Markets Live: Miners propel ASX gains

Shares start the month on the front foot after investors pile into miners, sending South32 to fresh highs, while Beach Energy shares surge on their return to trade.

Friday, Sep 29


Markets Live: ASX posts quarterly loss

SMH.com.au / Business

The ASX wrapped up an eventful third quarter on a quieter note on Friday as investors pushed the index to mild gains in holiday-thinned trading.

Thursday, Sep 28


Worldwide airport disruptions after passenger check-in systems go down

A worldwide outage to passenger processing systems has left flights on the tarmac and passengers unable to check in.


Ageism to be tackled in bid to change negative perceptions

The campaign plans to work with governments and the private sector over the next 10 to 15 years to address ageism.


Markets Live: ASX ends on a high note

SMH.com.au / Business

The ASX managed to notch mild gains for its first advance in three sessions, buoyed by strength in the banking sector.

Wednesday, Sep 27

Markets Live: QBE drags ASX lower

SMH.com.au / Business

Shares end another session in the red, this time under pressure from selling in bluechip names QBE and Telstra, as investors fret over more North Korean worries.

Tuesday, Sep 26

Markets Live: Oil jumps, ASX sputters

SMH.com.au / Business

Energy stocks are the day's winners after crude oil prices jumped overnight, but sharemarket gains are squashed by selling in the banks, miners and retail stocks.


Unions launch urgent bid to preserve penalty rates

The living standards of low-paid workers were not taken into account by the industrial umpire when it decided to slash penalty rates, the hospitality workers' union has told the Federal Court.

Monday, Sep 25


Markets Live: ASX fails to fire as investors dump CBA

SMH.com.au / Business

Shares see early gains evaporate, weighed down by selling in the country's largest retail bank.

Sunday, Sep 24


International students urged to check pay packets

An open letter to more than half a million international students in Australia will urge them to check their pay packets to ensure they are being paid enough.

Friday, Sep 22


Markets Live: Fear of higher rates brings ASX low

SMH.com.au / Business

The ASX edges higher, pulling off yesterday's seven-month low, but suffer another week of losses as investors ponder life under higher rates and as iron ore tumbles.

Thursday, Sep 21

Markets Live: ASX tumbles after Fed

SMH.com.au / Business

Investors take fright from the US Fed's dogged determination to lift rates and unwind the legacy of a decade of easy money, with the ASX hitting seven-month lows.