Markets

The Reserve Bank of New Zealand, led by governor Anna Breman, has kept interest rates on hold. (Ben McKay/AAP PHOTOS)

NZ leaves interest rates on hold despite $3-plus fuel prices

The Reserve Bank of New Zealand has left interest rates on hold at a still low 2.25 per cent because it is worried higher fuel prices will weaken economic activity.

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Wednesday morning’s stunning rally followed a mixed result for Wall Street overnight.

Trump backdown drives ASX200 up 2.8pc to four-week high

Donald Trump’s backdown on threats against Iran — including that a ‘whole civilization will die tonight, never to be brought back’— have lit a fire under Australian stocks

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DroneShield chief executive Oleg Vornik will exit the company.

DroneShield drops a leadership bombshell

DroneShield says founder and chief executive Oleg Vornik and chair Peter James are stepping down and will not stand for re-election at the next annual general meeting.

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GYG co-CEOs Hilton Brett and Steven Marks.

Uber Eats delivers surprise sale bump for Guzman

Guzman y Gomez has delivered a welcome surprise in the third quarter, analysts say, with Australian sales growing on the back of its tie-up with popular online food ordering platform Uber Eats.

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The local benchmark S&P/ ASX 200 index ended Wednesday’s session up 109 points, or 1.7 per cent to 6449.7. NCA NewsWire/Bianca De Marchi

ASX storms higher on hopes of 11th-hour Iran ceasefire deal

Australian investors have followed a positive lead from Wall Street overnight, pinned on hopes of an 11th-hour peace deal between the US and Iran.

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Google researchers warn that Bitcoin’s $US1.4 trillion network needs urgent security upgrades to counter hacking threats.

Google warns Bitcoin faces ‘urgent’ security risks

Google researchers warn that Bitcoin’s $US1.4 trillion network needs urgent security upgrades to counter hacking threats.

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Prices for diesel surged again over Easter on worries the Middle East war could extend for weeks or months.

Oil, diesel prices jump after Trump power plant threat

Prices for diesel surged again over Easter on worries the Middle East war could extend for weeks or months.

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Australian shares turned lower and oil jumped on Thursday lunchtime after US President Trump warned its war on Iran will last another two to three weeks.

Shares sink, oil jumps as Trump warns on extended Iran war

The US President disappointed investors hoping for a quick resolution to the conflict now in its fifth week.

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A surcharge for tip-and-go purchases will be removed. Photo: NewsWire/ Gaye Gerard

Credit, debit surcharge fees now banned

The RBA has scrapped a hidden fee that was costing Australians $1.6bn a year in a major change for shoppers – but there’s a catch.

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Miners continued to lead the rebound from last week’s sell-off.

ASX rockets on possible path to peace in Middle East

Australian investors have welcomed news of a possible path to peace that will end a month of bombings across the Middle East, sending the S&P-ASX200 sharply higher.

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Homegrown software giant Atlassian tumbled another 8 per cent overnight, although some investors think its 70 per cent collapse is overdone.

Investor says Atlassian’s $63 billion wipeout overdone

Homegrown software giant Atlassian tumbled another 8 per cent overnight, although some investors think its 70 per cent collapse is overdone.

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KMD Brands owns Rip Curl. Pictured is Australian surfer Stephanie Gilmore.

KMD Brands higher after rejecting Rip Curl demerger proposal

Shares in KMD Brands closed higher after it rejected a proposal from a US surfwear company to demerge its Rip Curl business, saying the move would create no value for investors.

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The index closed at a 10-month low of 8365.9 on Monday.

Cautious ASX limps to small gain after Trump’s TACO moment

A battered Australian share market opened sharply higher on Tuesday after Donald Trump revealed he had ordered the military to postpone strikes against Iranian power plants.

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