Markets

Minerol Resources boss Chris Ellison.

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.

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The US economy continues to rack up a stellar performance as it heads towards an election. Will politics change all that?

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?

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Japan's Nikkei has risen 0.5 per cent in morning trade. (AP PHOTO)

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

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ANZ chief executive Shayne Elliott.

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. 

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KMD Brands has appointed Brent Scrimshaw as its new CEO.

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.

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Many rockets, fired from Iran, are seen over Jerusalem from Hebron, West Bank.

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.

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Australian Treasurer Jim Chalmers.

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.

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Star's corporate lenders have agreed to a $200 million loan at an interest rate of 13.5 per cent.

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.

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CI Minerals’ boss David Boshoff with pumps at the Mardie project near Karratha.

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.

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Star Casino with Steve McCann

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.

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The TikTok video shows an angry female customer launching a tirade against Woolworths boss Amanda Bardwell.

New Woolworths CEO ambushed in shocking store encounter

A belligerent young shopper has confronted Woolworths boss Amanda Bardwell, dishing out a verbal assault attacking the supermarket giant’s uber profits amid claims of price-gouging by Australian grocers.

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Real estate, IT and discretionary stock did the heavy lifting early.

How high can it go? ASX200 sets another all-time high

Australia’s leading market index is continuing its relentless march forward after setting another record high in early trade today.

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Wall Street investors are anticipating a sharp interest rate decrease when the Fed next meets. (AP PHOTO)

Stock market euphoria: S&P surges to record high after Federal rate cut

The S&P 500 has surged to a record high close a day after the Federal Reserve cut interest rates by 50 basis points and indicated more rate cuts were on the horizon.

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US Federal Reserve Board Chairman Jerome Powell.

Trading volatile after US Federal Reserve rate bombshell

The US Federal Reserve has enacted its first interest rate cut since the early days of the COVID pandemic, slashing benchmark rates in an effort to prevent a slowdown in the labour market.

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Trade Minister Don Farrell says the UAE trade deal will have benefits for Australia’s farming and mining industries.

Trade deal to bring cheaper perfume, boost for sheep farmers

Australian consumers will be able to buy cheaper perfume and jewellery while alumina producers and sheep meat farmers will get a boost under a new trade deal struck with the UAE.

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