Administrator in bid to seize Whyalla Ports from Gupta
KordaMentha has lodged a legal bid to seize control of Whyalla Ports back from Sanjeev Gupta’s GFG Alliance, arguing a ‘purported lease’ over the facility should be struck out.
SA Business
ASX 200 rebounds in best day in years; China slams Trump ‘blackmail’
ASX roars back to life in best day since November 2023. $A rose over 1 per cent after Monday’s meltdown. China slams Trump’s 50pc more tariff threat as Hong Kong hits out at ‘bullying’. Bets rise on 0.5pc RBA May rate cut.
Markets swing wildly as Trump sprays China over tariffs
Wall Street ended a chaotic session after its worst three-day slump, while Australia’s ASX saw a $100bn wipe-out as Trump threatened new trade blows against China.
MaxMine beefs up team to meet ambitious growth targets
Mining technology company MaxMine plans 50 per cent growth this year and has strengthened its senior management team in an effort to hit the target.
Dutton’s stinging Dan Andrews swipe after protesters target Albo
Peter Dutton has challenged Anthony Albanese to campaign alongside former Victorian premier Daniel Andrews as a hysterical protester hijacked the PM’s event. FOLLOW LIVE
How to watch crucial People’s Forum debate
Prime Minister Anthony Albanese and Opposition Leader Peter Dutton will go head-to-head in tonight’s Sky News showdown. Here’s how you can watch it.
$20m office revamp to lure back the workers
Developers have unveiled a $20m revamp of a city office building – complete with golf simulator – designed to lure workers back into the CBD.
Jetty Rd upgrade in jeopardy as legal action looms
The contentious Jetty Rd development is encountering significant opposition with major property owners threatening legal action.
Sanjeev Gupta’s InfraBuild wins debt reprieve
Sanjeev Gupta’s InfraBuild has struck two key agreements which should avoid a possible default on its debts but the $US150m in new debt at the heart of the deal is not yet settled.
OTR fuel giant accuses rival of mimicking their branding
Two of the state’s largest fuel and convenience rivals are locked in a legal battle over similarities in their branding and store designs. You be the judge.
Kmart, Bunnings favourites could vanish, cost more in tariff war
Everything from Barbie dolls to lawnmowers is likely to get more expensive, with some of our biggest shops “particularly exposed” in a trade war between the United States and China. Here’s why
Unlocking the workplace potential of people with autism
Adelaide will host a major summit on April 30 to explore issues around autism inclusion in the workplace.
Market crash: What does it mean for me?
The Aussie dollar has plunged below 60 cents against the USD, while $160 billion was deleted from the ASX within minutes of opening on Monday. But what does that mean to everyday Australians and what should they do about it?
Long Shortz: Akora Resources
Akora Resources is prepping its iron ore flagship in Madagascar for development after wrapping up a high-margin PFS.
PH2 secures access to Hydrexia hydrogen tech
Pure Hydrogen will gain access to Hydrexia’s mobile hydrogen refuelling stations under a commercial agreement.
Saskatchewan’s minerals more valued than ever
With critical minerals becoming ever more important, Saskatchewan has all the right ingredients to be a major player.
ASX rallies for best day in two years
The ASX 200 soared during Tuesday’s trading, but investors are worried it is just a dead cat bounce.
Simple act costing Aussies hundreds
Aussies are missing out on hundreds of dollars in interest payments due to this remarkably simple mistake.
Aussie confidence slumps on Trump turmoil
Aussies could change their spending habits as the fallout from US President Donald Trump’s tariffs continues to weigh on global economies.
ASX defies US recession fears
The ASX 200 has bounced back after suffering its biggest one-day fall since the start of the Covid pandemic.
‘Dire situation’: ASX smashed on Trump tariffs
The ASX 200 was smashed again on Monday as investors fear the worst of Donald Trump’s aggressive tariff policy.
Experts reveal key to surviving ASX crash
Trump’s aggressive tariff policy may have shaken global markets, but superannuation members have been urged to do one thing to avoid ‘locking in losses’.
More Business News
Boom to bust: Why Bitcoin is not ‘digital gold’
When there was mass euphoria and talk of ‘once in a lifetime’ gains around Bitcoin late last year, ASX Trader knew it was time to exit. Here’s the danger signs he saw.
Adelaide Hills farmer hit with massive fine for illegal dumping
A farmer and his company have been whacked with a monster fine for illegal dumping on his Adelaide Hills farm. Here’s what he dumped.
Walker hoping to entice ATO to Adelaide city skyscraper
The SA capital’s first skyscraper could win over one of the biggest tenants in the market.
Boak backs pre-mixed drinks start-up
Port Adelaide great Travis Boak is putting his name and his money behind a new start-up that’s developed a healthier take on pre-mixed alcoholic drinks.
China-linked investor finally sells out of Northern Minerals
A China-linked Northern Minerals investor, which for months ignored federal government demands to sell its shares in the rare earths hopeful, has finally sold up.
New SA homes will cost us 57 million loaves of bread a year
The state’s plan to turn farmland into housing will have a staggering impact of our food supply. See why.
Australian almonds move to cash in on Trump’s tariffs
Olympic swimming champion Kyle Chalmers has been recruited to sell the story of Australian almonds to the world as the local industry seeks to cash in on the US trade war.
Let’s fly away: Extra SA flights to top destination revealed
Starting today, South Aussies can travel to “the most popular international destinations” more frequently and at significantly lower costs. See where your next holiday is here.
AVJennings falls to foreign raider in $369m takeover
The home builder, which is run by former Wallaby Phil Kearns, is set to be folded into a global investor’s operations after a poor share market run.
‘Get on board or miss out’, Bunnings warns auto suppliers
Some auto brands are refusing to supply Bunnings for fear of upsetting chains like Supercheap Auto and Autobarn, but the hardware chain’s boss has given them a blunt warning.
Canada’s Dollarama swoops on Reject Shop with $259m bid
The Reject Shop is set to fall into Canadian hands after agreeing to a $259m takeover bid from bargain chain Dollarama.
Plug pulled on $750m green hydrogen plant
A $750m green hydrogen project in South Australia has been quietly shelved, adding to a string of projects failing to move beyond a feasibility stage.
Small power relief gives pub cold comfort
Publican Simone Douglas says another $150 in power bill relief is cold comfort for small businesses like hers that are grappling with a perfect storm of skyrocketing energy costs and a cost of living crisis.
Retail shares rally in post-budget optimism
Subsidies and tax cuts announced in the federal budget could support the outlook for consumer spending, with some analysts looking at the retail sector as a potential beneficiary.
Alpen brings on Shahin investment to drive growth
Adelaide business software firm Alpen Enterprises has brought on Charlie (Khalil) Shahin as a major shareholder, with the funding raised to help drive the company’s next phase of growth.
‘There’s only one office’: Adelaide tycoon blasts WFH wasteland
The property magnate and Adelaide Central Market Authority chair’s comments follow Peter Dutton’s pledge to up end public sector work-from-home rules.
New group to empower Aboriginal businesses
A group of prominent Indigenous business leaders has come together to create a new industry group aimed at empowering Aboriginal businesses across SA.
Shark doco maker makes waves with global broadcasters
An Adelaide company has become one of Australia’s most prolific producers of shark-related documentary content for global broadcasters. Here’s its story.
Farms brace for ‘oh s**t’ moment: ‘God knows it won’t be good’
This Adelaide Plains farmer, who says he’s lost “bloody millions” to drought already, has one simple, desperate request for the Premier.
Church makes CBD move after multimillion-dollar deal
One of Australia’s biggest church groups will relocate its national HQ to the Adelaide CBD after a multimillion-dollar deal.
Australian shares haemorrhage $160bn in minutes in ‘ugly’ market bloodbath
Local investors are suffering a wipeout as global turmoil worsens, with the ASX200 index now down 16 per cent from its high point two months ago.
Pain at the supermarket: how to save money
Shopping hurts hip pockets more than ever but supermarkets are not price gouging. Here’s what you can do.
How to deal with Donald Trump’s sharemarket slide
The worst stock market fall since Covid is worrying investors and superannuation savers, so what should you do?
Who’s new, who’s gone: All the changes at the Central Market
Multiple Central Market traders have closed over the past year, while others have opened amid a $400m expansion. See the list.
Seven important tax tips for property investors
Cricket great Bill Lawry’s exclamation “it’s all happening” applies to real estate investors today, so don’t miss out on tax deductions.
Rate hikes, job cuts, sticky inflation: What Trump’s tariffs could mean for you
The domino effect from Donald Trump’s tariffs is likely to be felt far and wide and we may look back on this week not as the start of a trade war but a market reset, writes ASX Trader.
We’re everyday Aussies like you – the true toll of Trump’s tariffs
Australians are facing a widespread hit from Trump’s tariffs, including farmers, winemakers and manufacturers. SEE THEIR STORIES
SA’s public sector needs touch of Musk’s DOGE – productivity boss
Taking a leaf out of Elon Musk’s efficiency handbook is being recommended in a top-level public sector economic growth strategy for SA. See what that means.
California here we come: Businesses praise new international route
Adelaide’s biggest firm has hailed new non-stop flights to the USA after a historic announcement for other local businesses and jetsetters.
There are two roads ahead for Star, both lead to dead ends
NSW pulled the pin on Star’s much-needed financing deal leaving Star boss Steve McCann with limited options. This is what comes next.
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