The Australian sharemarket powered ahead after weaker-than-expected GDP growth boosted optimism for an interest rate reprieve from the Reserve Bank.

Australian shares closed nearly flat as bank losses offset resource gains, with U.S.-Iran tensions and sticky inflation weighing on sentiment. Investors remained cautious due to…

The Australian sharemarket powered ahead after weaker-than-expected GDP growth boosted optimism for an interest rate reprieve from the Reserve Bank.

The Australian sharemarket has made a steady start to the session while oil prices advanced on pessimism over the prospects of the US and Iran reaching a peace deal and as…