Business

ANZ has flagged that staff redundancies and regulator fines will cost the bank $1.1b in profits. (James Ross/AAP PHOTOS)

‘Insult’: Major bank slammed for job cuts

A major Australian bank has been slammed for reneging on promise to workers and announcing nearly 200 roles could be affected.

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Stock movements are pointing upwards after US President Donald Trump dialled down his rhetoric. (Lukas Coch/AAP PHOTOS)

Shares lift as Trump rules out Greenland tariffs, force

The Australian bourse is staging a comeback after US President Donald Trump eased investor fears about using tariffs or force to acquire Greenland.

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TikTok is still ticking over in America.

ByteDance with the devil: What’s happening to TikTok?

THE ECONOMIST: Why has Trump, who once branded TikTok a threat to “the national security, foreign policy and economy of the United States”, agreed to this deal?

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Equity benchmarks in Australia and Japan have risen  around one per cent. (AP PHOTO)

Gold dips, stocks lift as Trump drops Greenland threats

The US dollar and stocks have rebounded after Donald ‍Trump dropped his tariff threats and ruled out seizing Greenland by force.

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Unemployment has dropped to 4.1 per cent.

Hot jobs market latest headache for Reserve Bank

Homeowners face a nail-biting wait heading into the Reserve Bank’s February meeting after bumper jobs growth moved the chance of an interest rate hike to almost a coin toss.

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Rail cars laden with iron ore arrive at the receiving facility at Fortescue’s Herb Elliott Port in Port Hedland.

FMG sets up Gabon ‘taskforce’ as shipments crack record

Andrew Forrest’s Fortescue has stuck to guidance for the year despite a spike in operating costs during the quarter, and broken a previous record for first-half iron ore shipments.

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Federal Treasurer Jim Chalmers has been told to spend less.

Global body urges Chalmers to spend less, reform taxes

Global economic body the OECD has called on Australia to rein in the NDIS and make changes to property taxes to help fix the budget and boost productivity.

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Wall St rallied after US President Donald Trump's speech at Davos. (AP PHOTO)

Wall Street ends higher on Greenland framework deal

US stocks have rebounded after President Donald Trump backed away from more tariffs, saying a framework on a future deal over Greenland has been reached.

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Trump's Greenland ambitions could make it more affordable for Aussies wanting to holiday in the US as their dollar falls.

How Trump’s Greenland push is boosting the Aussie dollar

Donald Trump’s tariff threats against Europe nations opposed to his push for Greenland have seen the Australian dollar soar. Here’s why it’s not all good news beyond travelling to the US for a holiday.

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Beauty Products

The beauty industry is booming

THE ECONOMIST: Looking like a trillion bucks? Plain bottles with clinical labels are part of the secret

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Rihanna’s Fenty Beauty will be rolled out across all Myer stores and online in May.

Myer touches up beauty offerings with Rihanna’s Fenty Beauty

Myer is touching up its beauty offerings with the launch of pop royalty Rihanna’s cosmetics brand, Fenty Beauty.

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Austal’s shipyard in Mobile, Alabama.

Senior US Navy boss endorses Austal’s US shipyard

A visit to the Mobile, Alabama yard appears to have made an impression, with the US Navy’s chief of naval operations calling out Austal’s use of modular shipbuilding to help speed up submarine deliveries.

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CSL was one of AFIC’s stock investments to disappoint.

AFIC earnings slip as investment portfolio underperforms

Australian Foundation Investment Company’s portfolio lost 2 per cent in value during the six months, falling well short of the 4.2 per cent returned by the S&P-ASX200 Accumulation Index for the period.

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Rio Tinto shipped a record volume of Pilbara iron ore during the December quarter.

Rio Tinto hits iron ore record, bows to China’s demands

Rio Tinto shipped a record volume of Pilbara iron ore during the December quarter while confirming it has bowed to pressure from China to adopt a new pricing index.

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The US Dollar Index, which weighs the greenback against a basket of six foreign currencies, fell nearly one per cent.

‘Sell America’: US dollar, Treasury prices tumble

The ‘sell America’ trade is in full swing Tuesday morning after President Donald Trump and European leaders escalated tensions over Greenland.

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