The Australian sharemarket closed lower on Monday, as investors priced in rising geopolitical uncertainty in the Middle East. The benchmark ASX 200 fell 0.46 per cent, or 35.6 points, to end the session at 7752.5, while the broader All Ordinaries index slipped 0.51 per cent, or 40.8 points, to endContinue Reading
The Australian share market fell on Friday, led by drops in energy and mining stocks, but overall the ASX 200 ended the week 1.3 per cent higher thanks to strong gains on Thursday. The benchmark ASX 200 index lost 11.4 points, or 0.15 per cent, to finish the session atContinue Reading
SINGAPORE: Oil prices eased in early trade on Tuesday as anxiety over the global demand outlook for oil offset geopolitical tensions in the Middle East and supply worries following an attack on a Russian fuel export terminal over the weekend. Brent crude futures fell 14 cents, or 0.2%, to $79.92Continue Reading
The year is almost over and one of Australia’s oldest motoring bodies has revealed 2023’s best and worst cities to live in for petrol prices. For a yearly average of regular unleaded petrol across all capital cities, NRMA shows Brisbane took out the undesirable gong for Australia’s most expensive city.Continue Reading
The Australian share market firmed on Wednesday as healthcare, financials and materials stocks offset heavy losses booked by oil producers. The benchmark S&P/ASX200 climbed 0.3 per cent, or 22.5 points, to reach 7257.80 points, while the broader All Ordinaries rose a similar amount, to finish at 7469.10 at the closingContinue Reading
Whatever happens in the housing market next year, renters and borrowing families will be the biggest losers. SQM Research director Louis Christopher has released his latest annual Housing Boom and Bust Report and, while home values look like finally heading south in most capitals, borrowing power will follow suit thanksContinue Reading
Nearly one third of the largest companies in Australia paid no income tax in 2021-22, according to the Australian Taxation Office (ATO). It’s not unusual for large companies to pay no income tax in a given year, since income tax is paid on profit, not revenue, and not every companyContinue Reading
Mining giants BHP and Rio Tinto paid a quarter of all corporate income tax in Australia for the 2021-22 financial year, but more than 800 large companies paid no tax at all, new data has revealed. The Australian Taxation Office’s ninth corporate tax transparency report covered 2713 corporate entities. TheyContinue Reading
Qantas and Jetstar will increase the cost of flights from Friday, as the airlines battle the increasing cost of fuel. The cost of Qantas flights will go up by an average of 3.5 per cent, with its budget operator Jetstar also following suit with a 3 per cent increase. TheContinue Reading
The S & P/ASX200 closed lower on Monday, largely due to the fallout from the Israel-Gaza war in the Middle East The Australian market dropped 24.50 points, or 0.35 per cent, to 7026.50, with a dip in industrials and technology, down 1.8 per cent and 1.4 per cent respectively. CommSecContinue Reading