Markets

Asian markets have dropped after US President Donald Trump has announced a string of huge new tariffs.

Asian stocks slump after Trump’s shock tariff call

Asian markets have dropped after US President Donald Trump has announced a string of huge new tariffs which will come into effect on October 1.

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Nine’s incoming chairman Peter Tonagh and long-time shareholder in the company Bruce Gordon.

Nine gets a new chairman as a billionaire circles

AARON PATRICK: Some media watchers believe Bruce Gordon, the owner of the Win TV network, installed a new chairman to increase his influence over Nine.

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Premier Investments chairman Solomon Lew and then-Smiggle managing director John Cheston pictured in 2023.

REVEALED: The sensational claims against sacked Smiggle boss

Premier Investments’ billionaire chair Solomon Lew has made a string of allegations against a ‘mob’ of former senior executives, including the sacked boss of kids stationery juggernaut Smiggle.

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An incorrect assumption that regulators view cryptocurrency in the same way fans do is likely to land many players in hot water.

Crypto gains are about to cut your Centrelink benefits

As many cryptocurrencies hit all-time highs, uncertainty over how various government departments treat these assets could leave some traders and others exposed if Centrelink or the ATO ever come knocking.

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The Star casino in Sydney.

Regulator extends suspension of Star’s Sydney casino licence

The embattled casino operator will continue to have its operations run by special manager Nicholas Weeks after being dealt another blow by the NSW regulator.

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Olivia Wirth, CEO of Myer in the Sydney store.

Myer boss says retail crime ‘endemic’ as it posts $211m loss

Myer executive chair Olivia Wirth says retail crime is ‘endemic’ and has escalated across Australia, with the chief becoming the latest to call out Victoria as the biggest problem State.

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ASIC is increasingly turning its attention to the private credit sector, with concerns at the risks it holds.

‘Warning signs’: ASIC’s ultimatum to private credit sector

The regulator is warning one of Australia’s fastest growing investment sectors to either lift its standards or face the consequences.

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US Federal Reserve chair Jerome Powell has announced rate cuts on the back of poor US jobs data.

Why alarm bells are ringing for private credit investors

TOM RICHARDSON: Private credit investors have enjoyed a golden run, but regulators are calling and the risks in a downturn are much higher than most investors realise.

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Santos CEO Kevin Gallagher.

Santos shares in freefall after collapse of $30b takeover

Takeover target Santos has revealed it had expressed concerns about delays in finalising a deal before its suitors eventually pulled the plug just days before an offer was due on the table.

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There had been resistance to a deal from trade groups. Offshore Alliance, which represents two major labour unions, urged the Federal Government to keep Santos “in Australian hands” and block the sale.

Middle East suitors walk away from $30b Santos bid

Abu Dhabi National Oil Co has walked away from a proposed $30 billion offer for natural gas producer Santos, saying a ‘combination of factors’ discouraged it from making a final bid.

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Super Retail Group CEO Anthony Heraghty has been sacked.

Rebel, BCF owner sacks CEO over workplace relationship

Super Retail Group has sensationally dumped its chief executive after new information about a relationship he had with a co-worker came to light.

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The company ended the day with a market capitalisation of $US3.05t by market’s close.

Google parent Alphabet joins the $US3 trillion club

The milestone comes a little over 20 years after Google’s market debut and 10 years after the creation of Alphabet.

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Economists say Australian property prices are set to surge once again over the coming years.

Why Australian property prices have a strong year ahead

Economists say Australian property prices are set to surge once again over the coming years, with a number of factors creating a perfect storm in the housing market.

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Outgoing Virgin Australia chief executive Jayne Hrdlicka.

Former Virgin Australia CEO takes off with $50m payout

Jayne Hrdlicka has earned an eye-watering payday after leading the airline from a pandemic wipe-out to a profitable share market listing.

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Sydney fund manager Rodney Forrest has pleaded guilty to two counts of insider trading over his acquisition of Platinum Asset Management shares.

Insider trader ran stock picking comp for investing elite

EXCLUSIVE: Forty-eight of Australia’s top investors were involved in Rodney Forrest’s stock-picking competition when he illegally bought $2.6 million worth of shares in Platinum Asset Management.

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