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Firmus is developing an AI factory zone in Tasmania, left, and Firmus current co-CEO Oliver Curtis during his release from prison in 2017.
Business
Tom Richardson

From jail to AI billionaire: Firmus hits $44b ASX valuation

Oliver Curtis is set to become an AI billionaire when Firmus lists at a $43.7 billion valuation, but fund managers are questioning whether the company’s huge growth prospects justify its price tag.

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Companies

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Wesfarmers and SQM's Mt Holland lithium venture.

Wesfarmers green lights $1.4b WA lithium expansion

Business
1 Min Read
The supermarket giant is hiking the price of a household staple as its suppliers face ongoing fuel-related supply chain and operational cost pressures.

Coles to charge more for item bought by almost every shopper

Companies
1 Min Read
NAB is the latest bank to confirm it is joining the cull, after ANZ revealed it was slashing 3500 jobs and 1000 contractors.

NAB and ANZ job cuts are just the start of killing season

Companies
3 Min Read
Consumers are being urged to shop around for the best grocery deals, though Australia’s third-largest supermarket offers the greatest overall value.

Cheapest supermarket and average shop totals revealed

Australia
2 Min Read

Markets

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Firmus Technologies has cancelled its float.
updated

The AI dream machine takes a hit with Firmus’s failed float

Business
5 Min Read
A Chinese mining group is fighting to seize control of Far East Gold, while the Australian founders battle to protect their stake in a potentially lucrative Indonesian gold project.
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Chinese miner wages war for control of ASX gold hopeful

Business
3 Min Read
Concerns over global supply chain disruptions continue to grow in China.

How China manages oil woes will have global repercussions

The Economist
6 Min Read
Oliver Curtis, left, and Tim Rosenfield, right, co-founders of Firmus Technologies.

Firmus float in doubt as investors baulk at $44bn valuation

Business
3 Min Read

Wealth

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For savers unwilling to jump through monthly hoops, AMP offers 5.50 per cent on balances up to $50,000 without the usual strings attached.

Banks slug borrowers but savings rates crack a decade high

Wealth
2 Min Read
Video
Australians are promised $1.6 billion in surcharge savings but rewards cardholders with the big four bank face higher rates, fewer perks and weaker insurance. Here’s everything you’re about to lose ...

Big banks gut credit card perks. Here’s what you’ll lose ...

Wealth
3 Min Read
The strong annual result concealed a sudden fall and recovery late in the financial year.

Is your super fund among this year’s best-performers list?

Business
3 Min Read
Video
Housing prices falling in Melbourne and Sydney The Nightly

Australian homeowners brace for pain as prices set to plunge

Australia
6 Min Read

Mining

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The High Court has ruled ‘Scope 3 emissions’ should have been taken into account when approving the extension of opertions at the Mount Pleasant coal mine.

Energy and mining sectors reeling after High Court decision

Business
2 Min Read
Video
Australia’s biggest miners may now increase their exposure to copper as they look to diversify beyond the commodity that has long driven the sector.

Copper set to give Aussie mining stock rally a new engine

Business
2 Min Read
The Kalgoorlie Super Pit from above.

Northern Star rejects ‘highly opportunistic’ $39b takeover

Mining
2 Min Read
Mineral Resources managing director Chris Ellison.

Ellison to reap $17m as MinRes swings to a huge profit

Mining
1 Min Read

Energy

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Inpex's Ichthys LNG offshore facilities

Gas carve-outs could leave factories paying top dollar

Energy
3 Min Read
Inpex's Ichthys LNG offshore facilities

Labor backtracks on fixed gas reservation demand

Business
1 Min Read
Video
Chief executive Liz Westcott dropped the bombshell as Woodside delivered its first half results on Tuesday.

Woodside dumps billions from clean energy spending target

Business
4 Min Read
International Energy Agency excecutive director Fatih Birol says coal will be boosted as a result of the geopolitical turbulence disrupting energy markets. 

Coal set for boost as geopolitical chaos rewrites energy map

Business
4 Min Read