Markets

Many major global equity markets are in the red, following the lead from Wall Street. (Joel Carrett/AAP PHOTOS)
Markets
Jacob Shteyman

ASX set for worst week since August after global rout

The ASX200 has fallen one per cent after worrying earnings forecasts from US tech stocks and diminishing rate cut hopes in Europe dampened risk sentiment.

Read more (2 min) →
The ASX closed lower as money markets slashed the odds of a pre-Christmas interest rate cut. (Joel Carrett/AAP PHOTOS)
Markets
Jacob Shteyman

Australian shares lower as rate drop hopes pushed back

The ASX200 finished 0.8 per cent lower after a fall in headline inflation to within the Reserve Bank's target range failed to impress investors.

Read more (3 min) →
Mosaic owns Noni-B, Katie and Millers.
Business
Matt Mckenzie

Shock as Noni B, Katies and Millers owner goes under

The future of 700 Australian retail shops hangs in the balance after the business behind brands Millers, Noni B and Katies called in administrators.

Read more (3 min) →

Sign up to The Nightly's newsletters.

Get the first look at the digital newspaper, curated daily stories and breaking headlines delivered to your inbox.

Email Us
By continuing you agree to our Terms and Privacy Policy.
Qantas chief executive Vanessa Hudson speaking at the airline's annual meeting in Hobart.
updated
Business
Neale Prior

New Qantas chair vows to not ’repeat mistakes of the past’

New Qantas chair John Mullen has assured shareholders board and management are addressing issues that have damaged the airline’s reputation.

Read more (3 min) →
Qantas is bracing for what could be a fiery AGM later in the day as shareholders get their chance to vent their anger at senior executives and the board.
Business
Daniel Newell

Qantas reveals cash ‘thank you’ bonus for 27,000 staff

Qantas will hand out big ‘thank you’ payments as a reward for each of its 27,000 staff even as it warns of continuing geopolitical threats to its fuel bill.

Read more (2 min) →
Minerol Resources boss Chris Ellison.
Mining
Sean Smith

Ellison tax dodge fallout strips even more off MinRes stock

Stockbroker RBC Capital Markets said Monday’s sell-off was exaggerated but warned there may not be a meaningful recovery until the outcome of a board investigation is known.

Read more (3 min) →
The US economy continues to rack up a stellar performance as it heads towards an election. Will politics change all that?
analysis
US Politics
The Economist

The US economy is better than ever. Will politics ruin it?

America’s economy is bigger and better than ever, but its politics gets more poisonous by the day. Will this be the undoing of the most important economy in the world?

Read more (5 min) →
Japan's Nikkei has risen 0.5 per cent in morning trade. (AP PHOTO)
Business
Ankur Banerjee

China stocks up, dollar steady before US inflation test

Investors wait on details of China stimulus measures; Dollar at two-month high ahead of US inflation data; Traders back off from expectations of steep rate cuts

Read more (3 min) →
ANZ chief executive Shayne Elliott.
Business
Daniel Newell

ANZ coughs up $99m to settle two separate lawsuits

Under-siege big four bank ANZ will fork out $99 million to settle two separate class actions launched against it in 2020. 

Read more (3 min) →
KMD Brands has appointed Brent Scrimshaw as its new CEO.
Business
Cheyanne Enciso

Kathmandu owner taps former Nike exec as its new boss

Listed retailer KMD Brands has named its new chief to replace Michael Daly, who will resign after more than three years in the top job and two decades with the group’s surfwear brand Rip Curl.

Read more (2 min) →
Many rockets, fired from Iran, are seen over Jerusalem from Hebron, West Bank.
updated
Markets

Middle East tensions boost Aussie gold, oil giants

All eyes will be on the Australian stock market’s biggest oil producers on Wednesday following a spike in oil prices overnight, fuelled by growing tensions in the Middle East.

Read more (5 min) →
Australian Treasurer Jim Chalmers.
updated
Australia
Katina Curtis and Ellen Ransley

Chalmers defends second surplus amid cost-of-living crisis

Treasurer Jim Chalmers claims the Government’s second consecutive surplus has not come at the expense of cost-of-living relief for households doing it tough.

Read more (2 min) →
Star's corporate lenders have agreed to a $200 million loan at an interest rate of 13.5 per cent.
Markets
Daniel Newell

Investors refuse to catch a falling Star in stock rout

Shares in embattled Star Entertainment Group have been obliterated on their return to the Australian Securities Exchange, with almost half of the casino operator’s market value wiped out in a matter of minutes.

Read more (3 min) →
CI Minerals’ boss David Boshoff with pumps at the Mardie project near Karratha.
Business
Simone Grogan

Taps on! BCI Minerals’ $1.4b Pilbara project worth its salt

Australia’s first salt project in over two decades is well on the path to production in a massive coup for both the State’s north and efforts to diversify the WA economy.

Read more (4 min) →
Star Casino with Steve McCann
Business
Daniel Newell

Star warns of liquidity woes even with $200m lifeline

Beleaguered Star Entertainment Group has secured a costly $200 million funding lifeline but warns it still faces a ‘significant’ liquidity crisis.

Read more (3 min) →