CBA leads bank losses, offset by gains in miners and CSL. RBA lowers chance of ‘severe’ hit to economy. Insignia’s relief rally as CC Capital’s lower-than-expected $4.80 per share offer lands.
The ASX 200 index fell sharply from a record high as banks are hit by profit taking. Resources outperform. AMP hails super win in volatile market. South32 beats FY25 output guidance. Insignia’s $3.4bn offer yet to materialise as talks continue.
BHP is staring down the barrel of a $2.5bn cost blowout and delays on its big bet on potash that complicate leadership succession plans.
Bullish sentiment boosts local bourse as ASX 200 breaks key chart point. BHP’s FY26 production forecasts more subdued amid Jansen blowout, but CEO upbeat on China. Mesoblast banks first millions from key US product sales.
Cash-strapped Bowen Coking Coal is frantically trying to negotiate a deal over more than $15m owed to its former mining contractor BUMA Australia.
June jobless rate spikes to 4.3 per cent, with some saying RBA’s recent hold call is ‘policy error’. AUD down. BUMA slaps statutory demand on Bowen.
Rio down on weak day for miners as investors digest mixed June quarter report, CEO update. G8 selloff continues on fresh alleged Vic offender update. DroneShield soars to another record high. Boost for Gina Rinehart’s US, Aussie rare earths bets.
Mining giant Rio Tinto has appointed Simon Trott as its new chief executive, following the surprise resignation of Jakob Stausholm in May.
G8 didn’t expect share price to crater after bombshell ex-employee allegations. Attention shifts to National Storage move after billionaire investor Nathan Kirsh, US group Public lift Abacus offer. Bitcoin hits new record.
Lynas, Iluka rocket as US peer scores rare earths deal with Pentagon. JLG boss and major shareholder’s big windfall in Pacific Equity Partners’ $1bn buyout. National Storage’s buy-up of Abacus continues. Property sector sinks as Macquarie downgrades on ‘expensive’ valuations.
Original URL: https://www.adelaidenow.com.au/journalists/valerina-changarathil