Markets

Guy Debelle will be one of the three hired hands to probe the operations of the market operator.

ASIC pulls out three big guns for ASX probe

The Australian Securities and Investments Commission has enlisted three battle-hardened business veterans to probe governance and risk management at stock exchange operator ASX Ltd.

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Conflict or ceasefire - markets remained unfazed. But why?

Market’s bizarre reaction to Middle East conflict explained

Iran attacked a US air base in Qatar, US President Donald Trump announced a ceasefire and Israel and Iran accused each other of breaking that truce. Here is why the markets reacted the way they did.

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Penfolds is still expected to make up the lion’s share of earnings.

TWE warns of weaker performance from money-maker Penfolds

Treasury Wine Estates has warned investors to expect a weaker performance from its flagship Penfolds label as it spends up big on marketing to re-establish its presence in China while sales in the US falter.

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Virgin Australia incoming CEO Dave Emerson.

Virgin shares flying high on return to ASX

Virgin Australia has roared back onto trading on the stock exchange, more than five years after crashing with more than $6 billion of debt.

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Gina Rinehart's Hancock Prospecting and Rio Tinto will invest in an extension of Hope Downs in the Pilbara.

Rio and Rinehart pour billions into iron ore mine extension

Australia’s most prolific iron ore miner and the country’s richest person have agreed to invest more than $2 billion to keep the Hope Downs mining operation alive.

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Collins Foods is the major operator of KFC and Taco Bell in Australia.

Shares soar despite profit slump at biggest KFC operator

Shares in Collins Foods, the nation’s biggest KFC operator, have soared despite the company reporting a near-90 per cent slump in full-year profit as restaurant impairments drag results lower.

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The Treasurer faces growing calls to stop ADNOC’s bid for Santos.

Jim Chalmers urged to block $30B Santos takeover

CAMERON MILNER: As ADNOC pushes to buy Santos, critics say the deal puts Australian jobs, emissions targets, and gas supply independence at risk.

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Video
Ayatollah Ali Khamenei’s regime has already signalled that it plans to shut the Strait of Hormuz, one of the world’s key shipping lanes for oil.

Why oil remains Iran’s pathway to retribution

The price of crude has already spiked following Iran’s moves to shut down one of the world’s key shipping lanes. Here are the other ways it is likely to target oil in retaliation against the US.

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The Good Guys is in court for making ‘misleading’ promotions.

JB Hi-Fi pays $13.5m to settle The Good Guys credit suit

Retail giant JB Hi-Fi has agreed to pay a $13.5 million fine to settle allegations that certain store promotions at The Good Guys were misleading and deceptive.

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If Iran moves to blockade the Strait of Hormuz, prices could spike, but analysts see that scenario as unlikely for now

What US strikes on Iran could mean for world oil prices

If Iran moves to blockade the Strait of Hormuz, prices could spike, but analysts see that scenario as unlikely for now

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Economists have recommended five ways to overhaul Australia’s tax system.

The Big 5 pillars of tax reform leading economists want

JACKSON HEWETT: Treasurer Jim Chalmers doesn’t want to rule anything in or out, apart from inheritance tax, the tax free family home and presumably the, GST, so what would transform the country?

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US Federal Reserve Chair Jerome Powell has plenty of reasons to do nothing right now.

Powell and Fed stay staunch as Cliffhanger President rages

JACKSON HEWETT: On the brink of a Middle East conflagration about to impact the world’s energy supply, Donald Trump appears to have taken his eye off his attempt to completely remake the global trading system. 

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Despite its climate credentials, AustralianSuper is building a stake in Australia’s biggest coal mining outfit.

Australia’s biggest super fund decides it loves coal

AARON PATRICK: After years campaigning for companies to cut Greenhouse gas emissions, AustralianSuper is building a stake in Australia’s leading coal miner.

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Global investors may be underpricing the impact of a conflict between Israel and Iran, market watchers warned on Monday.

Investors shrug off Israel-Iran conflict at their peril

Despite the continued fighting — with hundreds reported dead — global stock markets have sustained positive momentum.

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Oil is currently holding steady but there’s grave fears about what the Iran Israel conflict will mean for the Middle East’s crude production and distribution.

All-out war in Middle East hinges on one seismic event

JACKSON HEWETT: Whether Iran and Israel’s conflict escalates into all-out war may hinge on whether a 2.5-magnitude seismic event near Qom confirms the destruction of Iran’s most heavily fortified nuclear site.

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