Markets

First salt from Mardie near Karratha is due by the second half of 2026.
Mining
Daniel Newell

BCI moves closer to more cash for Mardie with offtake deal

BCI Minerals has secured an offtake deal with an Indonesian chemicals giant that moves it closer to unlocking the door to a pool of cash for its Mardie salt project near Karratha.

Read more (2 min) →
Investors on Wall Street are awaiting the US central bank's interest rate decision.
Business
Staff Writers

US central bank says three rate cuts are on the way

The Federal Reserve has kept US interest rates on hold and says it still expects to make three rate cuts this year.

Read more (2 min) →
Boral on Tuesday told shareholders to reject the offer after independent experts concluded the bid was ‘not fair and reasonable’
Markets
Daniel Newell

Board rejects SGH’s $3.1b bid to mop up rest of Boral

The board of Boral has turned down the advances of Seven Group Holdings, which had offered a $3.1 billion deal to sweep up the remaining shares it did not already own in the building products supplier.

Read more (3 min) →

Sign up to The Nightly's newsletters.

Get the first look at the digital newspaper, curated daily stories and breaking headlines delivered to your inbox.

Email Us
By continuing you agree to our Terms and Privacy Policy.
Poseidon Nickel's Lake Johnston concentrator will be sold to Mineral Resources to use a third lithium processing hub.
Mining
Daniel Newell and Adrian Rauso

Ellison’s MinRes uses nickel to open third lithium hub

While BHP’s nickel pain deepens Chris Ellison’s Mineral Resources has pounced on the looming collapse of the industry to double down on its long-term prospects for lithium and open a third WA processing hub.

Read more (3 min) →
A stockpile of spodumene at Pilbara's Pilgangoora operation in the Pilbara.
Mining
Georgina McKay, Richard Henderson and Paul-Alain Hunt

Big lithium short gets ’dangerous’ on better supply outlook

Short bets worth billions against some of the world’s largest lithium producers are under threat as a supply glut shows signs of thinning.

Read more (3 min) →
Olivia Wirth takes on the top job with immediate effect and will add the chief executive’s role when outgoing boss John King leaves on June 4.
Business
Cheyanne Enciso and Daniel Newell

Olivia Wirth lands top job at Myer

Myer has catapulted Olivia Wirth into the board’s top spot to drive the department store’s next phase of growth.

Read more (3 min) →
Federal Reserve chair Jerome Powell.
Business
Augusta Saraiva

US core inflation tops forecasts, reinforces Fed caution

Underlying US inflation topped forecasts for a second month in February as prices jumped for used cars, air travel and clothes, reinforcing the Federal Reserve’s cautious approach to cutting interest rates.

Read more (3 min) →
Two years ago nearly everyone agreed that one of the great bubbles was bursting. 
Business
The Economist

Is the bull market about to turn into a bubble?

Share prices are surging. Investors are delighted — but also nervous. Once again, every conversation about markets veers unerringly back to the same question. Is this a bubble? 

Read more (5 min) →
The company intends to price the IPO on March 20 and begin trading the following day, according to sources. A representative for Reddit didn’t immediately respond to a request for comment on the timing.
Business
Amy Or, Priya Anand and Ryan Gould

Reddit launches long-awaited IPO with $1.13b target

Reddit has disclosed further details of what is set to be one of the year’s biggest initial public offerings, with the company and some existing shareholders seeking to raise as much as $US748 million.

Read more (5 min) →
The Meg O’Neill-led oil and gas major copped a 49 per cent protest vote against its climate action plan in 2022.
Energy
Daniel Newell

HESTA chases Woodside for climate action directors

One of Australia’s most powerful superannuation funds is pitching for a seat on the board of Woodside Energy and has even put forward potential nominees to chair Richard Goyder.

Read more (2 min) →
Wall Street’s main stock indexes have dipped.
Business
Staff Writers

Wall Street slips as investors brace for inflation data

US stocks have opened by dipping after mixed jobs reports, with tech stocks leading losses.

Read more (3 min) →
Investor optimism has been stoked by a continuing surge in US markets.
Business
Daniel Newell

AI bulls keep Aussie stocks running into new records

The US stock market’s seemingly insatiable appetite for all things AI continues to help push the local bourse to fresh record highs.

Read more (2 min) →
Wall Street has climbed ahead of expected rate cuts.
Business
Sinead Carew and Bansari Mayur Kamdar

Wall Street rallies after solid jobs data and Powell comments

Wall Street has rallied after solid jobs data and comments by the Fed's Jerome Powell that suggest interest rate cuts may not be too far away.

Read more (3 min) →
Despite comparisons with the market conditions of the late 90s, before the burst of the dotcom bubble, UBS strategists say ‘there’s no bubble ready to go pop’. Here’s why.
Business
CNBC

A stock market bubble? Why analysts say they’re not worried

Despite comparisons with the market conditions of the late 90s, before the burst of the dotcom bubble, UBS strategists say ‘there’s no bubble ready to go pop’. Here’s why ...

Read more (4 min) →
So is gold’s rally a flash in the pan, or is the precious metal just getting started? Here are five key charts to watch:
Business
Jack Ryan, Yvonne Yue Li and Eddie Spence

Gold’s notched another record high! So what’s next?

Gold’s surge to a record this week has baffled many analysts and forced traders to ask themselves just how much further it can go.

Read more (3 min) →