Northern America

Surging demand and increasing supply costs will continue to push wine prices “through the roof”, industry experts say.Wine prices could continue to climb amid strong consumer demand, soaring grape costs and issues with supply, industry…

The ASX eased slightly, but news double vaccinated travellers will be allowed into Australia on February 21 sent the sector soaring.The Australian sharemarket finished barely changed, with travel stocks surging after new border rules were…

The ASX surprised on the upside despite heavy losses on US markets overnight, with the highest oil prices in eight years boosting energy stocks.The Australian sharemarket shrugged off a Wall Street bloodbath to post decent gains, with…

Australia’s unemployment rate could sink to a level where anyone who wants a job has one in just a matter of months.The Reserve Bank of Australia has tipped unemployment could sink well and truly into the definition of “full employment”,…

The tech sector dragged the ASX lower after Facebook’s owner delivered a disappointing result after Wall Street closed, but Nufarm was a stellar performer locally.The Australian sharemarket slid lower after the tech sector was hammered by…

James Packer’s barrister has taken aim at a royal commissioner’s call to slash his stake in Crown, but conceded a challenge would be virtually impossible.Forcing James Packer to slash his stake in Crown Resorts is “wholly inappropriate”…

The central bank sent the ASX higher after not budging from its historic low cash rate, while a $3bn cash splash on shareholders buoyed Boral.The Australian sharemarket climbed higher after the Reserve Bank of Australia kept the cash rate…

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…

The ASX jumped sharply after plunging to a 10-month low in the prior session, the first day in the green all week.Volatility continued to reign on the Australian sharemarket, which jumped sharply after plunging to a 10-month low in the…

The ASX tumbled firmly into the red but energy stocks were winners as the prospect of armed conflict between Russia and Ukraine fuelled supply concerns.The Australian sharemarket sank to its lowest levels in 10 months, with most sectors in…