Trump's trade war spoils Morrison's market miracle

    The Australian sharemarket closed the week higher, despite slipping away from its post-election 11-year high as trade war concerns were mounting. The S&P/ASX 200 Index rose 90.7 points, or 1.4 per cent, to 6456 this week, while the broader All Ordinaries Index added 85.4 points, or 1.3 per cent, to close at 6545.6. "The week…

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      The numbers on Adani simply don't add up

      Is the world's most bitterly contested coal mine finally getting the go-ahead? After Labor suffered heavy losses in coal-mining regions in Saturday’s Australian federal elections, the Carmichael project looks to be getting closer than ever to approval. In the view of the government's resources minister Matt Canavan, the pit being developed by Adani, a unit…

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