The ‘inflationary’ tones from last night’s Federal budget could provide a fresh tailwind for the sharemarket to fresh records, with retail and real estate stocks set to receive the biggest tailwind, according to UBS.
Despite calls for Labor to adopt a contractionary fiscal policy to compliment the RBA, economists said Tuesday’s federal budget was likely expansionary or neutral at best.
The reliance on new projects such as Barossa in the Timor Sea takes on greater importance at Santos, where many of its legacy assets are being depleted.
OPINION: BHP boss Mike Henry has taken his takeover pitch directly to Anglo American investors. But the hurdles to this bid are multiplying, and time is running out.
Answering mining and clean energies’ prayers for a riposte to huge US and European subsidy programs, the budget will fund $13.7 billion in production credits for green hydrogen and critical minerals.
Universities and students have been the target for a mixed bag of measures that seek to expand domestic student places while curtailing international enrolments.
In today’s news, wages growth slows, miners hail tax credits in the budget, and Chanticleer goes behind BHP’s new pitch to revive its faltering Anglo American bid.
Catch up on this morning's headlines with The Brief.
The government committed $16.5 billion to road and rail projects, including $4.1 billion for 65 new developments – just 12 of which were revealed in the budget.
President Joe Biden slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminium and medical equipment. Follow updates live.
A press release published after Optus’s 2022 cyberattack had legal purposes, even though they were never mentioned, Optus has argued in a court appeal.
OPINION: Australian household income is up, but so is spending on some undesirables. The result is what our retail CEOs are talking a lot about - shopping for value.