The share market closed down almost 1% with all sectors lower. The ASX 200 gave up 49 points. Doing most of the damage on the market today were mining stocks after the fall in the iron ore price overnight and shares in Cabcharge, the Australian's big
The prime minister has confirmed that next month's budget will target some welfare payments, but any changes to pensions will be put off until after the next election. Tony Abbott says pension indexation and eligibility will need to be tightened. He'
A new report out today has accused Australia's big four banks of financing companies linked to land grabs and child labor in developing countries. The report was commissioned by Oxfam. It identifies four cases in Cambodia, Papua New Guinea, Indonesia
The local share market made reasonable gains in the lead-up to the Anzac day long weekend. Both the All Ordinaries index and the ASX 200 added a quarter of a per cent. The big miners gained ground, but the energy and retail sectors finished in the re
A cold front is moving across NSW, bringing showers on and west of the ranges. A brisk southerly flow is triggering showers and the odd thunderstorm about SA and Victoria. A broad trough over northern Western Australia is producing the odd thundery s
Frustrations have turned to anger for some of the families of the passengers on board the missing Malaysian plane. Distraught Chinese relatives had to be dragged from a media briefing after they burst in and accused the authorities of not doing enoug
ew satellite images have identified 122 distinct objects in the southern Indian Ocean and they could be debris from Malaysian Airlines flight 370. Some of the objects are more than 20 meters long, and have been spotted in a 400-square-kilometer area
The crisis in Ukraine is starting to impact on the Russian economy. Russia expects investors will have moved assets worth up to 70 billion dollars out of the country in the first three months this year. The accident is the result of the panic reactio
Malaysia's Prime Minister says new satellite data has confirmed missing flight 370 crashed into the southern Indian Ocean and there are no survivors. Malaysian Airline has informed the families of the 239 people on board.An Australian navy ship is no
Malaysia has provided French satellites images to Australian authorities, who is searching for missing Malaysia Airlines Flight 370. The images show possible debris in the southern Indian Ocean. Now so far nothing significant has been found. Planes f
And in Europe, at the close, ah, we can see there're all in positive territory sale. The FTSE 100 up 15 points. The Dax in Germany doing well, as well. And in the US, well, it's a different story. The Dow Jones falling 28 points. The SP 500 and Nasda
Multiple troughs are generating showers and storms over Western Australia, the southern Northern Territory, inland Queensland and eastern New South Wales, while a front is causing showers in Tasmania. Ex-tropical cyclone Heavy is bringing gusty winds
The search will resume this morning for possible debris from missing Malaysian Airlines flight 370. Satellites have captured images of two objects that could be wreckage from the plane. Four aircraft and several ships are scouring a 23,000-square-kil
The David Jones releases its half-year result today and a possible merge with Myer is firmly back on the table. The retailer has reappointed consulting firm Port Jackson partners to assess the advantages of becoming a combined company worth more than
Australia has taken control of the search in the southern Indian Ocean for the missing Malaysian Airlines plane. Another two orion patrol planes are being sent to join the search. Authorities now believe it was the co-pilot who uttered the final word
The number of country searching for the missing Malaysian plane has now nearly doubled to 25. Investigators are now looking into the background of everyone on board after confirming the plane's tracking equipment was deliberately disabled. The search
And when the markets in Europe closed a couple of hours ago, London's FTSE was down around 26 points. Ah, whereas in Germany, the Dax went in the opposite direction. Ah, but across the board, fairly flat in Europe. In the US, and as trading comes to
Let's take a look at the satellite image. A trophy and associated of front is generating showers and storms over south Australia,the monsoon trophy with tropical cyclone Junia is triggering thundery showers over the tropics,while the weak trophy in t
China's industrial output has risen by just more than 8.5 percent in the first two months of the year. Government figures also show retail sales were up by 12 percent on the previous year. Well impressive the results were less than what analysts have
Confusions still surround what's become of Malaysian Airline's flight that went missing on Saturday. The search for the plane and 239 people on board has been expanded to the Andaman sea, the opposite side of the Malaysian Peninsula. Now we expect a
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