Markets

JACKSON HEWETT: Australia’s smelters are failing — but their waste could be a national security goldmine.

The ASX 200 hit an all time high last week, but is the momentum starting to fade?

Burgundy Diamond Mines has blamed weak prices for the layoffs at the Ekati mine in Canada’s Arctic Circle, which was acquired from BHP by the junior for more than $200 million in early 2023.

Shares on the ASX have jumped after an unexpected rise in unemployment boosted confidence of a September interest rate cut.

US stocks have closed mostly lower as investors digest economic data and earnings results.

Asian stocks have dipped after Wall Street futures fell, as US President Donald Trump’s threat to impose 30 per cent tariffs on imports from the EU and Mexico kept investors uneasy.

Treasurer Jim Chalmers says Donald Trump’s evolving tariffs regime are injecting an ‘unnecessary element of uncertainty, unpredictability and volatility in the global economy’.

JACKSON HEWETT: Reserve Bank Governor Michele Bullock has joined her global peers in adopting caution in keeping rates on hold, as turmoil in the RBA ranks sparks division.

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.

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.

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.

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

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.

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.