business

A major Australian bank has warned the price of oil is at risk of surging to $150 per barrel as oil inventories approach critically low levels. Follow live.  Source link

Tasmania’s free stamp duty scheme for first home buyers expires at the end of this month, leaving some in an anxious wait to settle before the cut off. Source link

The applicants want compensation for the “inflated value of their shares attributable to the bank’s wrongful failure to inform the market”. Source link

An Adelaide business owner who has been targeted by counterfeiters about a dozen times is warning others to be vigilant, as SA Police warn the number of incidents has increased in the state in the past year.  Source link

Oil and gas giant Inpex has launched proceedings with the Fair Work Commission seeking urgent orders to stop strike action at its Ichthys LNG facility in Darwin. Source link

Supermarket giant Woolworths will begin consultations with potentially affected staff today after announcing plans to shift some operations offshore. Source link

The federal, Tasmanian and South Australian governments have contributed to a new funding package for Nyrstar’s Hobart and Port Pirie smelters, including money for feasibility studies into modernising and expanding their operations. Source link

Today’s ACT budget will deliver measures to make the territory the first Australian jurisdiction to remove stamp duty for all first home buyers, the government says. Source link

Drums and containers of chemical and hazardous materials have been leaking at an abandoned central Queensland premises, flowing into stormwater drains. Source link

The Australian share market is likely to open slightly higher, despite the United States launching missile strikes against Iran. The strikes were in response to Iran shooting down a US Apache helicopter and raises doubts about how close both nations are to reaching a peace deal. Follow live. Source link