business

Optus owner Singtel says it is looking to sell a minority stake in it. And the jobless rate has jumped to 4.5 per cent. Follow the day’s events and insights from our business reporters on the ABC News live markets blog.  Source link

Bega Cheese’s Strathmerton factory, which employed more than 300 workers, is set to close its doors on June 30, leaving residents in the small Victorian town wondering what’s next. Source link

There will be “short-term pain” to get Tasmania’s finances back in the black within two years, state treasurer Eric Abetz says ahead of today’s budget. Source link

Amid fast-rising prices — from materials craned in, to rubbish trucked out — a residential builder lists the costlier surcharges, levies and products hammering the construction industry and fuelling inflation. Source link

Anglo American has operated metallurgical coal mines in Queensland since the turn of the century. Now, a UK-based company has bought them all. Source link

The ABC has been contacted by more than 100 travellers since first reporting on the matter on Monday, with some claiming their tours were cancelled at the last minute and itineraries changed. Source link

Idle infrastructure from WA’s once-booming nickel industry is set to be retrofitted to produce gold bars amid historic high prices for the precious metal. Source link

The Victorian Fisheries Authority wants to host a carp virus trial, but the federal government says it needs regulatory approval, which will delay research.  Source link

The Australian share market has fallen below 8,500 points after a US bond sell-off triggered further losses on Wall Street. Oil prices slipped after Donald Trump said he had been an hour away from ordering an attack on Iran before postponing it.  Source link

Property developers are using an affordable housing scheme to bypass normal planning requirements and win fast-tracked approval for contentious projects across Melbourne. Source link