ASX recoups losses, as Wall Street rises on stimulus hopes Australian shares claw back some of yesterday's heavy losses, as Wall Street rebounds on hopes of the United States passing another trillion-dollar stimulus package.

CBA says loan deferrals declining, APRA data show $229b in loans still paused across all banks The Commonwealth Bank says repayment deferrals for its mortgage and small business customers continue to decline but are still worth $59 billion, with the total of paused loans across all banks sitting at $229 billion.

House prices rise on 'turn in market sentiment', but Sydney and Melbourne left out House prices fall nationally over September, but rise everywhere except the two big markets of Melbourne and Sydney.

PM takes a billion-dollar punt on manufacturing to salvage economy Scott Morrison says bolstering Australia's local manufacturing industry will not only help with the economic recovery from the pandemic, but also provide opportunities for business on a global scale.

Economists say it's time to blow the budget on infrastructure, but it's not the mega-projects they want to see The Federal Government is being urged to spend up big in next week's Budget on nation-building projects large and small to create jobs quickly and lift Australia out of recession.

Flight Centre boss axes 91 stores, urges Australia to re-open borders Flight Centre will shut down more stores across Australia, after widespread travel bans and border closures led to billions of dollars of cancelled bookings.

Maritime Union pauses industrial action which has caused delays at Australian ports The Maritime Union of Australia pauses its industrial action, despite no deal being reached on pay negotiations with seaport operator Patrick Corporation, until the matter returns to the Fair Work Commission later this month.

Queensland Government allows Adani to defer coal mining royalties and isn't saying for how long The Queensland Government signs a deal with mining firm Adani to defer royalty payments on the Carmichael mine for an unspecified time period, but Treasurer Cameron Dick says they "will pay every dollar" owed.