Australian Associated PressAust market finishes week up 2.6pc
The Australian share market has finished the week up 2.6 per cent after four straight days of gains, closing 0.4 per cent higher on Friday.
- Australian Associated Press
Adbri shares smashed after contract lost
Adbri shares are down more than 20 per cent after announcing that Alcoa won't renew a lime supply contract.
Australian Associated PressConstruction activity continues to slow
The Performance of Construction Index rose 10.6 points to 35.5 in June but stayed well below the 50-point mark that signifies growth.
- Australian Associated Press
Wall St closes higher on US jobs gains
US stocks have closed higher as investors cheered a record-setting increase in jobs in the country in June.
- Australian Associated Press
US unemployment dips to 11.1% in June
US unemployment fell to 11.1 per cent in June as the economy added a solid 4.8 million jobs, the government says.
- Australian Associated Press
ASX gains 1.6pc as Afterpay hits $68
The Australian stock market has rallied to a three-week high on strong gains for the banks, CSL and buy now, pay later giant Afterpay which gained 9.5 per cent.
Australian Associated PressKathmandu cautious despite sales recovery
Total group sales for the 10 months to end-May were 15 per cent below the comparable period last year but since reopening, retail and online sales have jumped.
Australian Associated PressAustralia's trade surplus rose 2pct in May
Australia's trade surplus was $8 billion in May, as exports dropped faster than exports.
Australian Associated PressQantas opens SPP to raise $500m
Qantas is offering retail shareholders a 2.5 per cent discount on more stock as it raises $1.9 billion in equity to navigate the virus crisis.
- Australian Associated Press
US stocks mostly higher amid vaccine hopes
Wall Street has closed mostly higher as investors cheered reports that a COVID-19 vaccine may be developed.
Australian Associated PressA good start to financial year for ASX
The Australian share market has faded in afternoon trade, but still finished the first day of new financial year 0.6 per cent higher.
Australian Associated PressBuilding approvals sank in May
Building approvals fell 16.4 per cent in May, led by a plunge in permits for apartments, the Bureau of Statistics said.
Australian Associated PressStar casinos reopening to general public
The Star Sydney is reopening to the general public from Wednesday, while the Star Gold Coast and Treasury Brisbane will do so from Friday.
Australian Associated PressNew executive lineup in Suncorp overhaul
Suncorp has overhauled its operations and made a series of executive changes to better respond to the economic challenges from COVID-19.
Australian Associated PressLendlease set for up to $340m FY loss
Construction giant and property developer Lendlease says it expects to declare a full-year loss of $230 million to $340 million.
Australian Associated PressManufacturing slowly recovers in June
Manufacturing activity has expanded in June after a slump in March and April, with most gains concentrated in the food and beverages sector.
- Australian Associated Press
S&P 500 ends best quarter since 1998
US stocks have ended higher while the S&P 500 posted its largest quarterly percentage gain since 1998, as investors remain hopeful of an economic rebound.
Australian Associated PressASX200 finishes FY2020 with 1.4 pct rally
The Australian share market has finished the financial year with an 83 point gain, in the fourth straight day of alternating gains and losses.
Australian Associated PressAGL ties bonuses to emissions cuts
AGL Energy will link executive bonuses to expanding in renewable energy and increasing the proportion of its carbon neutral sales.
Australian Associated PressRBA urges ongoing stimulus for economy
RBA Deputy Governor Guy Debelle says the hit to growth in the Australian economy due to coronavirus will require policy support for years.
Australian Associated PressInfigen board backs $864m Iberdrola offer
Wind farm owner Infigen is recommending shareholders accept a $864 million takeover offer from Spanish utility Iberdrola.
