Business

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.

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.

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.

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

LATIKA M BOURKE: The President of the European Commission Ursula von der Leyen has singled out Australia as a priority country for a new trade deal.

A major analyst reckons Coles will keep the edge over rival Woolworths, with the supermarket giants tipped to report different fortunes during next month’s earnings season.

AARON PATRICK: Origin Energy’s decision to extend the life of the biggest coal power plant demonstrates the success of the mineral bringing electricity to millions.

THE ECONOMIST: Having watched foreign multinationals operating on their turf, Chinese firms are making their own products and exporting the brands globally.

BHP’s Pilbara iron ore machine has racked up a half-year record and copper targets have been set even higher, but ambitions to push into a new commodity in Canada have blown the budget again.

Origin has pushed the retirement of the ageing Eraring coal-fired power station out to 2029 due to market conditions and the plant's role in the national grid.

A tech wreck sparked by over-exuberance for artificial intelligence is among the top threats to an otherwise “resilient” global economy in the year ahead, according to the International Monetary Fund.

Much is made of the ‘independence’ of the RBA from government. But just as a mafia boss does not need to issue written instructions to an underboss, nor does a treasurer need to spell things out to the board.

City Chic has signalled a sales recovery in the US following Donald Trump’s tariffs, with the retailer replenishing new-season stock in anticipation of customers flocking to its stores for summer clothes.

Donald Trump has heightened fears of trade war between the United States and Europe, sending investors ducking for cover and ASX-listed gold stocks to fresh heights. 

VGW says the deal provides for its portfolio of online social games to “collaborate with WWE across multiple platforms, providing premium entertainment experiences” for players in its flagship market of the US.