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Fair Work
Union at centre of IBAC probe being investigated for funnelling money into training organisation
The Victorian Health Workers Union is being investigated over allegations it secretly funnelled union money into a training organisation that an anti-corruption commission previously found was an abject failure.
- by Sumeyya Ilanbey
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World markets
ASX breaks five-day win streak as big banks slide
The big four banks weighed down the Australian sharemarket after the Commonwealth Bank’s March quarter cash profit fell 5 per cent compared to the same time last year.
- by Jessica Yun and Sumeyya Ilanbey
Put the brakes on AI rollout, new privacy commissioner says
Commissioner Carly Kind is concerned about the speed at which the fast-evolving technology is being used.
- by Sumeyya Ilanbey
Updated
World markets
ASX extends gains after Wall Street’s Fed rollercoaster
The Australian sharemarket lifted on Thursday despite a negative lead from Wall Street after Jerome Powell revealed the US Federal Reserve would hold its cash rate steady and moving to reassure another rate hike is unlikely despite stubbornly high inflation.
- by Sumeyya Ilanbey
Updated
World markets
ASX extends gains as investors await key Fed meeting
The Australian sharemarket extended its gains on Tuesday as investors marked time ahead of the US Federal Reserve’s key interest-rate meeting later this week.
- by Millie Muroi and Sumeyya Ilanbey
Updated
Sharemarket
US tech share rally gives ASX much-needed boost
A rally in US technology stocks helped the Australian sharemarket snap back on Monday, reversing some of last week’s sell-off that plunged the local bourse to a three-month low.
- by Sumeyya Ilanbey
A month on, Chinese buyers still cautious after wine tariffs dropped
Rathbone Wine Group has returned to exporting its vintages to mainland China, but the road to international export recovery remains rocky.
- by Sumeyya Ilanbey
Updated
World markets
ASX slumps after weak US data; BHP shares drop on $60b deal
Australian shares sunk to almost three-month lows after higher-than-expected inflation figures in the United States and Australia pushed bond yields higher and weighed on the local bourse.
- by Sumeyya Ilanbey and Millie Muroi
Who takes over Tritium, the titan house of EV charger manufacturing in Australia?
Tritium was viewed as a national success story and its collapse leaves a significant gap: “Who’s going to fill that space when we’re trying to build the charging network?”
- by Sumeyya Ilanbey
Consumer watchdog refuses to certify green labelling scheme
The ACCC has not certified a key federal government program used by more than 500 companies to promote their environmental credentials.
- by Sumeyya Ilanbey
Conflict, inflation and market correction weigh on Australian shares
Market watchers expect further pain as tensions between Iran and Israel mount and quarterly domestic inflation figures are released this week.
- by Sumeyya Ilanbey