Business

Market dives, dollar soars on investors’ rate reaction.

Market dives, dollar soars on investors’ rate reaction

Wednesday’s surprise inflation data hurt share investors and sent property stocks lower as evidence of more food price rises threatens to sting retailers like Woolworths.

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Stock pictures of the Crown complex in Melbourne, Sunday, Nov. 29, 2009. (AAP Image/David Crosling) NO ARCHIVING

Crown bounces back to black after pain of hefty fines

New financial results show further cutbacks, including redundancies, and a resumption of revenue growth helped turn Crown around from an almost $165m loss the previous year.

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Chris Bowen says taxpayers maybe forced to bail out Australia’s biggest aluminium smelter.

Why taxpayers may have to prop up Tomago Aluminium

The Federal Government could be called in to prop up Australia’s biggest aluminium manufacturer.

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Bill Gates appears to have shifted his stance on climate change in a new memo from the Microsoft co-founder.

Gates: Climate change ‘will not lead to humanity’s demise’

In a memo, the Microsoft co-founder warned against climate alarmism and appears to have shifted some of his views about climate change.

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Wikipedia founder speaks out about the launch of Grokipedia.

Wikipedia founder takes aim at new rival Grokipedia

Wikipedia founder Jimmy Wales has slammed Elon Musk’s Grokipedia, mocking its ‘praise of the genius of Elon Musk’ and issuing a warning about the new model.

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Ironing your ticket is a definite no-no.

Aussie lotto ticket habits that could cost you millions

The Lott have released a top 10 list of things NOT to do after a couple ‘watched in horror as the ticket turned completely black’.

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THE ECONOMIST: Copper is red-hot right now — but this might not end well.

Copper is red-hot right now — but this might not end well.

THE ECONOMIST: Donald Trump’s tariffs imposed on aluminium, copper and steel imports have opened vast arbitrage opportunities now being eagerly exploited by metal traders.

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Woolworths chief executive Amanda Bardwell.

Woolies CEO urges patience with sales ‘below aspirations’

Woolworths chief executive Amanda Bardwell has conceded first quarter sales for Australia’s biggest supermarket chain have come in ‘below our aspirations’.

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Energy Minister Chris Bowen.

Aluminium giant urged to back workers before shutdown

As Australia's biggest aluminium smelter considers shutting up shop, a joint federal and state government bailout has raised eyebrows in another state.

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The latest inflation figures are tipped to be a major factor in the Reserve Bank's rates decision. (Aap/AAP PHOTOS)

All eyes on inflation for crucial interest rate clues

Economists are tipping a lift in inflation, with the latest quarter figures potentially putting a dampener on a possible interest rate cut.

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A big four bank warns Australia’s inflation rate could surge to its highest level in months, forcing the RBA to abandon any plans for a rate cut.

Major bank dashes interest rate hopes

A big four bank warns Australia's inflation rate could surge to its highest level in months, forcing the RBA to abandon any plans for a November rate cut.

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CSL shares dropped 15 per cent on Tuesday,.

CSL bloodbath: Investors lose $15 billion in minutes

The Melbourne-based blood-products company plans to cut $500 million in costs in response to slowing sales growth. Here is what’s behind the drop.

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Google is set to reopen a nuclear power plant in the US.

Google to reboot nuclear plant for AI power

Google is set to revive Iowa’s only nuclear power plant to meet growing low-carbon energy demand from artificial intelligence.

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Jim Chalmers has been urged to follow the lead of Paul Keating.

Chalmers’ big spending to blame for high mortgage rates

A leading economics professor has explained why Treasurer Jim Chalmers is to blame for higher mortgage rates.

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The site employs about 600 direct workers and up to 200 contractors, the latter mainly via ESS who run the catering and accommodation on site.

BHP scales back Pilbara mine that employs about 800 people

Scores of jobs are set to go after BHP decided to ‘significantly scale back’ activity at an iron ore mine that employs about 800 people and is a key union target.

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