Markets

Boral names Matt McKenzie as new CEO

Boral names new CEO for next phase of growth

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.

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St Barbara’s Simberi gold mine in Papua New Guinea.

The ASX gold miners at biggest risk from rising fuel prices

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

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Solomon Lew is chair of Premier Investments, behind Smiggle.

Tween gloss: Solomon Lew adds beauty products to Smiggle

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

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Iran earlier had warned of retaliation on regional oil and gas infrastructure after its own huge South Pars gas project was struck.

Shares smashed on escalating attacks on Mid East gas plants

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

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MARCH 18: Traders work on the floor of the New York Stock Exchange.

Oil surges on new Middle East shock, shares, gold tumble

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.

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Brandon Craig starts in the top job on July 1.

Meet Brandon Craig, incoming CEO of world’s biggest miner

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 ...

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Woodside has named its replacement for Meg O’Neill.

Woodside promotes from within to replace O’Neill

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.

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Home borrowers have been slapped with another interest rate rise.

RBA chief admits aggressive hikes could cause recession

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.

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GYG co-CEOs Hilton Brett and Steven Marks.

Guzman y Gomez co-CEO cuts duties ahead of kidney transplant

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.

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Australia’s biggest provider of jet fuel has cut exports, leaving the country’s airports with an uncertain future.

China cuts jet fuel to Australia amid oil crunch

Australia’s biggest provider of jet fuel has cut exports, leaving the country’s airports with an uncertain future.

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Commodity prices are climbing again on Friday as traders watched new attacks on shipping and ports in the Middle East.

Oil surges past $US100 again

Commodity prices are climbing again on Friday as traders watched new attacks on shipping and ports in the Middle East.

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Miners managed to eke out a 2 per cent gain on the local bourse but seven of the market’s 11 sectors were in the red.

Oil tanker attacks blow $47b hole in Aussie stocks

Investor nerves over just how long the US-Israeli war with Iran will last and growing fears over global oil supply is driving the Australian share market back deep into the red.

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Collins Foods managing director Xavier Simonet believes Germany is a ‘strategic market’.

KFC operator Collins Foods jumps on Germany expansion

Shares in Australia’s biggest KFC operator, Collins Foods, have jumped after announcing it will ramp up its push into Germany to capitalise on the country’s growing appetite for fried chicken.

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Benchmark interest rate futures traders now expect a rate hike from the Reserve Bank on March 17 is more likely than not.

Interest rate horror: ‘61 per cent’ fears

NAB and Westpac are now forecasting a rate hike next week. Benchmark cash rate futures traders lifted the chance of a rise to 61 per cent after RBA Deputy Governor Andrew Hauser spoke on Tuesday afternoon.

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Donald Trump told CBS he thought ‘the war is very complete, pretty much’.

Oil relief rally fades after rollercoaster day for ASX200

The Australian stock market has staged a cautious comeback after Donald Trump signalled overnight that the US and Israel’s campaign of attacks against Iran could soon be at an end.

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