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Live: BHP knocked back again in takeover saga, ASX opens slightly lower

Live: BHP knocked back again in takeover saga, ASX opens slightly lower

Here’s a post from my colleague David Taylor: The end of the cost-of-living crisis is now in sight, according to Treasury’s latest inflation forecasts. “So those forecasts from Treasury are the ones that will be published in the budget and they take into consideration all of the set of decisions that we’ve taken,” Finance Minister...

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Live: ASX opens lower as federal budget dominates week ahead

Live: ASX opens lower as federal budget dominates week ahead

Good morning! I’m Stephen Letts from the ABC’s business team, and along with Michael Janda and Kate Ainsworth, we’ll be taking you through the day’s play on the markets and in finance, and as always, aiming to make every post a winner. The auspices are not brilliant, with the ASX futures pointing to a slight...

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Gas stocks soar after Albanese government releases its ‘Future Gas Strategy’, CBA third-quarter cash profit falls 7pc — as it happened

Gas stocks soar after Albanese government releases its ‘Future Gas Strategy’, CBA third-quarter cash profit falls 7pc — as it happened

The Australian Chamber of Commerce and Industry (ACCI) has joined the Australian Energy Producers in welcoming the government’s future gas strategy. Australian businesses will be relieved by the federal government’s recognition that gas has a vital role in the nation’s transition to net zero. A comprehensive strategy is needed to stabilise the gas market and provide...

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ASX rises slightly as post-RBA meeting momentum continues despite ‘underwhelming’ session on Wall Street

ASX rises slightly as post-RBA meeting momentum continues despite ‘underwhelming’ session on Wall Street

Australia’s two largest supermarket chains have taken a massive hit to their reputations — with even worse to come. That’s according to research firm Roy Morgan, which said there were a few reasons for Coles’ and Woolworths’ “reputational crash”. They include consumers’ perceptions they’re being price gouged during a cost-of-living crisis, “heightened media coverage of...