• AAP23 days ago

    PNG LNG at full capacity in May: Santos

    Santos says liquefied natural gas production in Papua New Guinea will return to full capacity next month following an earthquake-enforced shutdown. Santos, which owns 13.5 per cent of the Exxon-led PNG ...

  • Aust stocks open higher
    AAP23 days ago

    Aust stocks open higher

    The Australian share market has opened higher led by the big banks, industrials, and info tech sectors, after US stocks were mixed at the end of last week. At 1015 AEST on Monday, the benchmark S&P/ASX200 ...

  • Alinta to make offer to buy AGL's Liddell
    AAP23 days ago

    Alinta to make offer to buy AGL's Liddell

    Alinta Energy will today submit its offer to buy AGL's Liddell power station in the NSW Hunter Valley. AGL on Monday said it had not yet received the offer but Alinta had advised that it will submit its bid later today. The confirmation follows a statement from Alinta earlier on Monday that it

  • AAP23 days ago

    Deloitte wants jobless benefit increase

    Welfare advocate ACOSS says an increase in unemployment benefits is the most effective way for the federal government to help those living in the worst poverty. Avid budget watcher Chris Richardson says while he remains a strong supporter of budget repair, unemployment benefits have become "embarrassingly

  • Alinta makes an offer to buy AGL's Liddell
    AAP23 days ago

    Alinta makes an offer to buy AGL's Liddell

    Alinta Energy has made an offer to buy AGL's Liddell power station in the NSW Hunter Valley. "We can confirm Alinta Energy has ... submitted a non-binding offer for the Liddell power station to AGL, which we believe represents a compelling commercial proposition for AGL shareholders,"

  • AAP23 days ago

    Rising costs hit US earnings season

    Alphabet said margins were squeezed by rising costs related to marketing and acquiring streaming rights for YouTube's new TV service, while Procter & Gamble cited higher commodities and transportation costs. Investors will be alert for more signs of rising costs next week, which brings results from

  • AMP chair Brenner follows CEO out the door
    AAP23 days ago

    AMP chair Brenner follows CEO out the door

    AMP chair Catherine Brenner has quit with immediate effect as the fallout widens from the fees-for-no-service scandal at the financial services royal commission. Interim chief executive Mike Wilkins will become executive chairman until a new chair is found, with Ms Brenner following CEO Craig Meller

  • AAP23 days ago

    Stocks to watch

    Stocks to watch on the Australian stock exchange: AMP - AMP LTD AMP chair Catherine Brenner has resigned with immediate effect as the financial services giant continues to reel from the fee-for-no-service ...

  • AAP23 days ago

    Qld govt rolls out $50 power bill credit

    Nearly two million Queensland households will have $50 knocked off their energy bills as they reap dividends from state-owned electricity generators. Under the state government's Affordable Energy Plan ...

  • AMP chair Catherine Brenner resigns
    AAP23 days ago

    AMP chair Catherine Brenner resigns

    Catherine Brenner has resigned as chair of the financial services giant, effective immediately, to be replaced by Mike Wilkins who will be interim executive chairmain. She is AMP's second high-profile ...

  • AAP23 days ago

    Millennials turn to parents for money talk

    Amanda Farris got an ATM card from her father when she was about 13. As millennials navigate financial milestones - like buying real estate or switching jobs - the advice of those who raised them continues to guide their decisions. Despite being so-called digital natives, many millennials continue

  • Aust stocks to open flat
    AAP23 days ago

    Aust stocks to open flat

    The Australian share market is expected to open flat, after a mixed end to the week on Wall Street and gains on European markets. At 0700 AEST on Monday, the Australian share price futures index was steady ...

  • AAP23 days ago

    Economist warns revenue surge may not last

    Economist Chris Richardson expects a burst of company tax revenue will support the federal budget bottom line both this financial year and next but says it would be wrong for politicians to bank on such wealth beyond that. Mr Richardson, an avid watcher of budget deliberations, says the accumulated

  • AAP23 days ago

    Raising super guarantee a mistake: Grattan

    The Grattan Institute think tank is urging both sides of politics to drop the planned increase in the compulsory superannuation guarantee, saying Australians are already on track for adequate retirement incomes. Raising the compulsory contributions would not only reduce workers' take-home pay during

  • AAP23 days ago

    International markets roundup

    NEW YORK: Wall Street closed nearly flat on Friday as inflation worries and struggling technology and energy stocks were offset by an advance in the consumer discretionary sector led by Amazon. The S&P 500 and the Nasdaq eked out small gains while the Dow Jones Industrial Average edged into negative

  • AAP23 days ago

    $A higher despite mixed overseas equities

    The Australian dollar is slightly higher after US stocks had a flat finish to trade on Friday, and European share markets gained ground. At 0635 AEST on Monday, the local currency was worth 75.74 US cents, ...

  • WA protesters keep keen eye on sheep ship
    AAP23 days ago

    WA protesters keep keen eye on sheep ship

    Sheep and cattle are being loaded onto Emanuel Exports' latest Middle East-bound shipment, and animal welfare advocates are keeping a keen eye on it. There were calls to end the live export trade earlier this month after footage was broadcast of an Emanuel Exports-chartered voyage to the Middle

  • AAP23 days ago

    Market eyes expected AMP chair change

    AMP chair Catherine Brenner is expected to step down and surrender her board position to the wealth manager's interim chief executive. The change could be announced as early as Monday following reported ...

  • AAP23 days ago

    Lavish budget may bring forward rate rise

    A group of academics and economists believe it would make sense for the Reserve Bank to raise the official cash rate this week faced with a potentially generous budget on May 8. If they prove correct, it would put a major dent in the Turnbull government's budget preparations - likely to be the last

  • AAP23 days ago

    China emissions plan to affect Australians

    Chinese officials are set to offer some insight into how the country is preparing to reduce its reliance on coal and oil. The Chinese government will be represented at an emissions reduction summit in Melbourne this week to explain what China's new scheme will mean for Australia. Jiang Kechun of

  • AAP23 days ago

    Caution urged for 'rivers of gold' budget

    A leading economist says Australia's current economic climate is almost the "picture perfect" backdrop for boosting tax revenue and the looming federal budget but has urged the government to restrain spending as the boost in revenues may not last. Deloitte Access Economics partner Chris

  • Israelis rally against Aust live exports
    AAP24 days ago

    Israelis rally against Aust live exports

    Thousands of people have protested in Israel calling for an end to live animal imports from Australia. Footage of a voyage from Fremantle to the Middle East on which 2400 sheep died in filth and extreme heat has sparked protests in Australia, and now in Israel after being broadcast there. Animals Australia

  • Thank world for better budget position:ALP
    AAP24 days ago

    Thank world for better budget position:ALP

    It's just over a week until Treasurer Scott Morrison hands down his third budget but already announcements are coming thick and fast, including half a billion dollars in funding to restore and protect the Great Barrier Reef. Personal tax cuts have already been flagged for the May 8 budget and flushed

  • Melbourne suburban roads get $2.2b revamp
    AAP24 days ago

    Melbourne suburban roads get $2.2b revamp

    Melbourne's suburban roads will have 550km of extra road built as part of a $2.2 billion state government plan to bust congestion. The overhaul of 13 arterial roads within five years will not require any land acquisitions and will not be tolled. "It's about more road and better roads to

  • Australian share market set to open flat
    AAP24 days ago

    Australian share market set to open flat

    Little movement is expected on the Australian share market at the start of the new trading week with no major influences from overseas. The Dow Jones fell 11.15 points, or 0.05 per cent, while the S&P 500 gained 0.11 per cent and the Nasdaq up 0.02 per cent. "With that lead in from Wall Street