Markets

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.

CAMERON MILNER: As ADNOC pushes to buy Santos, critics say the deal puts Australian jobs, emissions targets, and gas supply independence at risk.

The price of crude has already spiked following Iran’s moves to shut down one of the world’s key shipping lanes. Here are the other ways it is likely to target oil in retaliation against the US.

Retail giant JB Hi-Fi has agreed to pay a $13.5 million fine to settle allegations that certain store promotions at The Good Guys were misleading and deceptive.

If Iran moves to blockade the Strait of Hormuz, prices could spike, but analysts see that scenario as unlikely for now

JACKSON HEWETT: Treasurer Jim Chalmers doesn’t want to rule anything in or out, apart from inheritance tax, the tax free family home and presumably the, GST, so what would transform the country?

JACKSON HEWETT: On the brink of a Middle East conflagration about to impact the world’s energy supply, Donald Trump appears to have taken his eye off his attempt to completely remake the global trading system. 

AARON PATRICK: After years campaigning for companies to cut Greenhouse gas emissions, AustralianSuper is building a stake in Australia’s leading coal miner.

Despite the continued fighting — with hundreds reported dead — global stock markets have sustained positive momentum.

JACKSON HEWETT: Whether Iran and Israel’s conflict escalates into all-out war may hinge on whether a 2.5-magnitude seismic event near Qom confirms the destruction of Iran’s most heavily fortified nuclear site.

A Middle Eastern oil company’s $29 billion bid to buy Australia’s Santos will be a “huge opportunity” for the Federal Labor Government to extract domestic gas concessions, a top analyst has declared.

Asian shares have fallen and safe havens such as gold have risen along with oil following news that Israel launched a military strike on Iran.

The Australian share market has pushed higher into uncharted territory, following a jump on Wall Street in the US overnight that was fuelled by hopes of a positive outcome from US-China trade talks.

Metcash is knocking up a new plan to reinvigorate its hardware division, with moves to bring two groups under the one pergola.