Browsing Tag

labour shortages

ASX has worst January since 2008

The ASX closed barely changed on the final trading day of the month, but officially notched up its worst start to the calendar year in 14 years.The Australian sharemarket closed barely changed despite a positive lead from Wall Street, with…

ASX firmly red after Wall Street tumbles

The local bourse went south after US markets copped a battering amid concerns the Federal Reserve will aggressively hike interest rates as inflation surges.The Australian sharemarket slid into the red for the second straight day on the back…

Why opening WA won’t be good for all

Covid-19 staff shortages have already dented BHP’s iron ore and coal output in WA and Queensland, even before the west opens the border floodgates.BHP’s latest quarterly report suggests the mining giant is bracing for the West Australian…

ASX treads water as miners, banks drag

A late sell-off stopped the ASX from notching up its fourth straight day in the green, but a whisky distiller and potash producer gained ground.The Australian sharemarket finished flat after a late sell-off, held back by weakness in…