Business

Australia’s biggest steelmaker says SGH and US group Steel Dynamics are trying to get BlueScope on the cheap, arguing the company is worth ‘considerably more’.

A number of local gold miners extended their scorching streak after a series of quarterly production updates on Wednesday saw share price records tumble again.

Some of Australia’s private health insurance customers are facing a premium hike of more than 5 per cent in the coming months, according to a major analyst, adding another whack to crunched household budgets.

Two of Australia’s biggest media companies have joined forces as of Wednesday, with the merger of Southern Cross Media Group and Seven West Media officially completed.

Inflation has moderated but still remains above the Reserve Bank of Australia’s inflation target, sparking fears about a February rate rise. Price pressures eased because there was less demand for hotel stays.

It has been decades since the industry relished foreign-policy entanglements.

The Reserve Bank will keep a keen eye on rent, construction and services costs in 2026's first inflation update as it mulls a rate hike at its next meeting.

Elon Musk must address a flood of ‘appalling’ non-consensual images of women and minors in skimpy clothing created by his X platform's AI chatbot Grok.

Surviving the corporate meat grinder means a CEO must master these new pressures.

Lego has unveiled its most significant evolution in nearly 50 years, an update that provides for tech-powered interactive play but without the need for a screen. 

Mathias-Cormann led OECD announces amendments to tax avoidance strategies to exclude big American-based multinational companies.

SGH says BlueScope’s Australian and North American businesses ‘are not strategically compatible and would benefit as stand-alone businesses under new ownership’.

Bluescope confirmed that SGH and US-based Steel Dynamics submitted a buyout proposal to the BlueScope board in the week before Christmas.

Ikea has vowed to fight a probe by the Australian Taxation Office over claims the Swedish home furnishings giant owes $171 million in alleged unpaid taxes.

Shares in Rio Tinto hit an all-time high on Monday as a big bet on lithium made by Simon Trott’s predecessor looks to be paying off.