Markets

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.

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.

‘Someone with access to privileged information appears to have made hundreds of millions in profit by trading on a political secret before it became public.’

Benchmark prices fell 9 per cent to around $US97.50 after US President Donald Trump gave Iran five days to respond to peace talks.

The ASX is edging closer to a market correction as tens of billions of dollars were wiped off the Australian bourse in the opening minutes of trade on Monday.

TOM RICHARDSON: Share market investors may be too complacent about a crash. Sinking bonds and other indicators point to deep economic pain ahead.

Vik Bansal, the man credited with transforming Boral into a leaner, Australia-focused building materials business, is giving up the job of chief executive but will remain a key part of its next phase of growth.

Some ASX-listed gold miners will bear the brunt of higher fuel prices far worse than others, according to fresh analysis.

Falling sales at struggling kids stationery brand Smiggle has dragged down first-half profit at retail king Solomon Lew’s Premier Investments.

The S&P-ASX200 index has fallen 1.6 per cent and is on track for its lowest close in four months.

The spiralling Middle East conflict is pushing petrol prices up further, while set to send shares lower as gold slumped overnight and bond yields climbed.

Brandon Craig is no stranger to BHP’s inner circle, having racked up a near 30-year career at The Big Australian. Here’s how he made the grade to take on the top job at the world’s biggest miner ...

The new CEO takes over at a time when Woodside’s shares are flying high, fuelled by a global energy crisis triggered by the war in the Middle East.

Mortgage holders have been slapped with another 25 basis point rate rise from the Reserve Bank, with governor Michele Bullock hinting aggressive monetary policy tightening could spark a recession.

Guzman y Gomez co-chief executive Hilton Brett will cut his workload as he prepares for a kidney transplant later this year, leaving a question mark over the company’s leadership in Australia.