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  • Business
    Australian Associated Press

    Asia shares higher, spotlight stays on Fed

    Asia's share markets have been mostly higher even as global investor attention remains fixed on the prospect of US interest rate hikes in the next few months, after two years of unprecedented pandemic-induced policy easing.MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.

  • Business
    Australian Associated Press

    Rio Tinto looks to hike iron ore exports

    Mining giant Rio Tinto has forecast greater iron ore exports in 2022 and is assuming the worst of the pandemic is over for its workers.The company on Tuesday tipped exports of the steelmaking commodity would increase from 322 million tonnes in 2021 to a range of 320 million tonnes to 335 million tonnes this year.

  • Business
    Australian Associated Press

    Wesfarmers H1 has Kmart, Target setback

    Wesfarmers is on course for first-half earnings that will satisfy investors but the coronavirus pandemic has hampered Kmart and Target sales.The group on Monday reported first-half net profit after tax should fall between $1.