Business

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.

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.

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

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

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.