Markets

CBA boss Matt Comyn.

CBA data points to fall in WA mortgage stress

A lending measure disclosed along with the bank’s $5.14 billion interim profit on Wednesday suggests the number of stressed home loans in WA has significantly improved over the past year.

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Citigroup at the weekend said it expects gold prices to hit $US3000/oz this year.

ASX goldies bask in bullion’s new record high

Gold miners are basking in the glow of yet another record price high for the precious metal — even as it comes off levels that pushed it close to the $US3000-an-ounce mark.

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Seven West Media chief executive Jeff Howard.

SWM grows audiences, flags huge success of The Nightly

Seven West Media chief Jeff Howard has touted national digital publication The Nightly’s ‘fantastic’ success amid an accelerating digital transformation that has powered audience growth across SWM’s business.

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CSL is Australia’s third-biggest company by market capitalisation at $130 billion.

Low vaccination rates in the US dent CSL first-half sales

Low immunisation rates in the US have dented first-half sales for CSL’s flu vaccine business, but the biotech giant says it’s on track to deliver double-digit earnings growth this year.

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SGH boss Ryan Stokes says a ‘constant focus’ on prudent capital allocation and enhanced customer service were key drivers behind the strong result.

Stokes takes SGH to new heights with record profit

Disciplined spending has propelled SGH to another record half-year result as its chief executive predicts there could be more blue sky ahead. 

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Anthony Albanese’s talks with Donald Trump on tariffs will be a pivotal test for the Aussie PM.

EDITORIAL: Trump trade talks a pivotal test for Albanese

Australia has been dumped in the thick of Donald Trump’s trade war and the economic ramifications could be dire. 

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Richard White, chief executive officer of WiseTech Global Ltd., during the Morgan Stanley Australia Summit in Sydney, Australia, on Wednesday, June 12, 2024. The Summit will continue through June 13. Photographer: Brent Lewin/Bloomberg

New complaints against founder White rattle WiseTech

The board of WiseTech Global has confirmed it is investigating two new complaints lodged against founder and former chief executive Richard White.

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MCoBeauty founder Shelley Sullivan founder and Campbell Puckett — or Pookie as has become her internet sobriquet.

Dupes unicorn MCoBeauty sold to Australian billionaire

An Australian-founded cosmetics business looking to break the US market with the help of internet darling Campbell ‘Pookie’ Puckett has been snapped up by a pharmaceuticals billionaire.

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The closure of 205 loss-making stores marks the first major move by Mark van Dyck, who stepped into the CEO role in November. 

Domino’s boss swings axe on more than 200 loss-making stores

New Domino’s Pizza chief executive Mark van Dyck will swing the axe on 205 loss-making stores, the majority in Japan, in a bid to improve profitability.

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S&P has predicted Donald Trump’s tariff plan will reduce growth in the US and Asia.

S&P reveals grim forecast on global impact of Trump tariffs

International ratings agency S&P Global has tallied up the impact of President Donald Trump’s tariff policies and the news is not great for the world’s economies.

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Are Trump’s tariff strategies having an unintended consequence?

How Trump is making America China’s chump

Tariffs only buy a country time so its companies can make the necessary changes to compete without walls. Trump’s strategy may actually be turning the US into China’s chump.

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REA says a higher level of residential stock was also offering buyers more choice, which had tempered runaway house price growth. 

Biggest sign yet that property market is returning to normal

Australia’s property market is headed back towards more normalised levels but a widely-tipped interest rate cut from the Reserve Bank will continue to support strong demand from homebuyers.

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Raphael Arndt, chief investment officer of Future Fund.

Future Fund says its ready for trying times

Future Fund guardians say they have focused on preparing for growing global risks while enjoying 12.2 per cent return in a bright 2024.

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All sectors were back in the green, led by utilities, miners, real estate, financial and health care stocks.  

Market fizzer as China tariff blow weighs on stocks

A pause in escalating trade tensions between the US and its neighbours was not enough to reverse Monday’s massive losses on the Australian stock market.

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Donald Trump’s tariff strategy is a dangerous game that can just as easily lead to miscalculations and corrosive uncertainty for the global economy.

How Trump’s tariff turbulence will cause economic pain

Donald Trump’s tariff strategy is a dangerous game that can just as easily lead to miscalculations and corrosive uncertainty for the global economy.

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