Country: AU | Published: 2026-09-16
Australian shares look set to recover from a three-month low, though surging oil prices are weighing on Wall Street and could temper the bounce. BHP port unions at Port Hedland wil
Australian shares look set to recover from a three-month low, though surging oil prices are weighing on Wall Street and could temper the bounce. BHP port unions at Port Hedland will seek arbitration over a wage dispute, adding operational and cost risk at a major iron ore export site. Meanwhile, private equity and foreign investors are fueling a pickup in M&A activity, while Sydney's housing slump is carving a pandemic-sized hole in state tax revenue.