News Archive - Page 581 of 1421

00:18 AM

Fri 16 May. 2025

Warrnambool Cheese and Butter, the target of a takeover offer from Bega Cheese, has forecast strong earnings growth in the current financial year.

The Australian share market opened higher as investors shurgged off worries about the US government shutdown.

Analysts say many investors had priced in a government shutdown, limiting the hit on US stocks when the country faced that reality.

The US is girding for another day of a government shutdown with signs both sides of the political divide are digging in for a long struggle.

The Australian share market has closed lower after the inability of US politicians to agree on a new budget has led to a partial government shutdown.

The RBA has given no sign that another rate cut is imminent, but also no sign that a cut later on has been ruled out.

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