• AAP13 minutes ago

    International markets roundup

    NEW YORK: Wall Street has risen, led by gains in consumer stocks, even as a possible government shutdown loomed. The S&P 500 and the Nasdaq hit record closing highs, while the Dow ended the day higher ...

  • $A is lower against a pressured $US
    AAP32 minutes ago

    $A is lower against a pressured $US

    The Australian dollar is lower against a US counterpart weighed down by the threat of a US government shutdown. At 0635 AEDT on Monday, the Australian dollar was worth 79.99 US cents, down from 80.14 US ...

  • AAP3 hours ago

    Plan to build electric cars at SA site

    British billionaire Sanjeev Gupta has reportedly floated a plan to build electric cars at South Australia's shuttered Holden factory,. The state's Treasurer Tom Koutsantonis has written to the factory's owner General Motors in support of the plan which would see Mr Gupta buy some of the

  • Trump calls for new rules to end shutdown
    AAP5 hours ago

    Trump calls for new rules to end shutdown

    US President Donald Trump says if the government shutdown stalemate continues, Republicans should fund the government by changing Senate rules, which currently require a super-majority for appropriations bills to pass. "The Dems (Democrats) just want illegal immigrants to pour into our nation unchecked

  • AAP20 hours ago

    Australian market set for positive start

    The Australian sharemarket is expected to start the week on a positive note as investors shrug off the impact of the US government shutdown. CommSec chief economist Craig James said global markets rallied on Friday night Australian time, despite being well aware of the prospect of a US shutdown. Mr

  • No sign of US budget shutdown resolution
    AAP23 hours ago

    No sign of US budget shutdown resolution

    Republicans and Democrats are showing no signs of ending their standoff over immigration and spending as Americans awoke to the first day of a government shutdown and Congress staged a weekend session to show voters it was trying to resolve the stalemate. The closure of many government agencies was

  • Shutdown busts Trump's deal maker image
    AAPyesterday

    Shutdown busts Trump's deal maker image

    For President Donald Trump, this weekend was supposed to be a celebration. Instead, Trump stayed in Washington after failing to win passage by the US Congress of a stopgap bill to maintain funding for the federal government. "This is the One Year Anniversary of my Presidency and the Democrats

  • US government shutdown begins
    AAPyesterday

    US government shutdown begins

    The US government shut down at midnight on Friday after Democrats and Republicans, locked in a bitter dispute over immigration and border security, failed to agree on a last-minute deal to fund its operations. In a late-night session, senators blocked a bill to extend government funding through February

  • Shutdown deadline passes in US Senate
    AAP2 days ago

    Shutdown deadline passes in US Senate

    The US federal government has officially run out of funding at midnight on Saturday, after the Senate failed to pass a short-term spending bill to avert a shutdown. A late Friday evening Senate vote on a House funding bill failed to garner 60 votes needed. If the shutdown lasts beyond the weekend,

  • US Senate fails to approve funding
    AAP2 days ago

    US Senate fails to approve funding

    US government shuts down as Congress fails to overcome standoff over spending and immigration.

  • AAP2 days ago

    What happens in a US govt shutdown?

    MILITARY The Defense Department said a shutdown would not affect the US military's war in Afghanistan or its operations against Islamist militants in Iraq and Syria. All 1.3 million military personnel ...

  • Hectic negotiations ahead of US shutdown
    AAP2 days ago

    Hectic negotiations ahead of US shutdown

    Congress members were racing against the clock to avert a US government shutdown but it was not clear if hectic negotiations would bring a deal before a midnight deadline. The vast majority of Democratic senators have said they would not support the bill unless it includes protections for hundreds of

  • Congress faces looming govt shutdown
    AAP2 days ago

    Congress faces looming govt shutdown

    The US Congress is racing the clock to avoid a federal government shutdown before a midnight deadline on Friday after a meeting between President Donald Trump and Democratic Senate leader Chuck Schumer failed to produce a deal. Trump invited Schumer to the White House for talks as a stopgap bill to

  • AAP2 days ago

    No deal reached in US budget talks

    Democratic Senate leader Chuck Schumer has met with President Donald Trump at the White House to search for ways to avert a US government shutdown, but he said afterwards that disagreements remained as the clock ticked toward a midnight deadline to pass a funding bill. Trump invited Schumer to the White

  • AAP2 days ago

    Countdown on to avoid US shutdown

    The US Senate is racing to avert a government shutdown ahead of a midnight deadline with no agreement on funding in sight and both parties squabbling over who's to blame for the impasse. President Donald Trump postponed plans to leave Washington as a bill to fund the government until February 16

  • AAP2 days ago

    Banana growers fear cyclonic Panama spread

    A cyclone could spread the Panama tropical disease, which would be "game over" for crops, Australian Banana Growers Council (ABGC) director Leon Collins said. Far north Queensland is yet to experience a large cyclonic event or huge wet since the discovery of Panama disease in Tully in 2015

  • Aust shares fall on US govt shutdown fears
    AAP3 days ago

    Aust shares fall on US govt shutdown fears

    The Australian share market has closed lower on concerns around a possible US government shutdown, while the Aussie dollar is trading at a four-month high. The benchmark S&P/ASX200 index ended Friday down ...

  • RFG faces possible franchisee class action
    AAP3 days ago

    RFG faces possible franchisee class action

    Retail Food Group says it will vigorously defend itself against any class actions it may face, after its shares dropped further on the prospect of franchisees taking legal action. Legal firm Bannister Law, which is already looking at taking class action on behalf of RFG shareholders, says it has expanded

  • AAP3 days ago

    Stocks to watch

    Stocks to watch on the Australian stock exchange: RFG - RETAIL FOOD GROUP - down 11 cents, or 5.1 per cent, at $2.07 A law firm is investigating a possible class action against Donut King, Brumby's Bakery ...

  • AAP3 days ago

    The business week in numbers

    China's record gas gulping, RioTinto gets an extra per cent out of the Pilbara, Australia's 15-month record jobs run and a new record for Sydney Airport are among the newsworth numbers in the business ...

  • Tough times loom for TV after ad sugar hit
    AAP3 days ago

    Tough times loom for TV after ad sugar hit

    Advertising from the same sex marriage debate and the Queensland election has breathed temporary life back into the television advertising market but the headwinds for the industry haven't disappeared, a media analyst has warned. Morningstar analyst Brian Han says free-to-air ad revenue increased

  • AAP3 days ago

    Trade minister takes pulse on EU deal

    Trade Minister Steve Ciobo will sound out the political and business appetite for an Australia-European Union free trade agreement when he visits Hungary, France and Switzerland in coming days. In Budapest, Mr Ciobo will meet members of the Visegrad Group, comprising Czech Republic, Hungary, Poland

  • AAP3 days ago

    America Last? Trump losing on trade: EU

    The European Union's trade tsar has no idea what Donald Trump will tell his audience at the World Economic Forum in Davos next week, but she is clear what the EU's message to the US president will be. America is shooting itself in the foot by withdrawing from global leadership on trade, Cecilia

  • RFG faces possible franchisee legal action
    AAP3 days ago

    RFG faces possible franchisee legal action

    A law firm is investigating a possible class action against Donut King and Gloria Jean's parent company Retail Food Group on behalf of disgruntled franchisees. Bannister Law, which is already looking at taking class action on behalf of RFG shareholders, says it has expanded the scope of its probe

  • AAP3 days ago

    Next NQ cyclone a banana disease threat

    The next cyclone to hit north Queensland could have disastrous long-term consequences for Australia's biggest banana-producing region, potentially spreading a devastating crop disease that has reached the area. Australian Banana Growers Council (ABGC) director Leon Collins said a cyclone could spread