Woolworths shuts down major online retailer
The supermarket giant has followed rival Wesfarmers in shutting down an online marketplace amid mounting losses.
Markets
Westpac joins July RBA rate cut chorus; Vic climate chief quits
Victorian government official John Bradley quits amid policy pressures. Westpac economist Luci Ellis tips terminal cash rate of 2.85pc. Xero down after institutional capital raising to fund $4bn US buy.
Mortgage relief on the way as RBA set to cut rates again; CBA hits record
RBA will need to cut ‘at least another couple of times’. PointsBet shareholders approve Mixi offer. CBA hits $192. Star investors back $300m rescue deal. Xero taps institutions for $4bn-plus US buy.
ASX soars on peace hopes; Virgin, Greatland shares take off
Strong IPO debuts build on ASX optimism over possible de-escalation of Middle East tensions. Whyalla Steelworks’ sale process begins. CBA hits record. Rio Tinto and Gina Rinehart plan a new iron ore mine.
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ASX surges to three month high
The ASX 200 is closing in on record high as bullish sentiment in the Australian market persists amid unstable global conditions.
AMP super class action begins; REA receives ACCC notice
Market closes at three-month high. Murray Watt makes ‘right sounds’ before decision on Woodside’s $30bn NW Shelf expansion. AMP sued for alleged excessive fees.
WiseTech lifts on US buy; Trump order fires up uranium stocks
Investors back WiseTech’s $3bn e2open deal. No taxpayer bailout for Healthscope: Butler. Deep Yellow, Paladin, Boss top gainers on US president’s nuclear focus. AUD at six-month high as US dollar falls. Miss on earnings weighs on Elders.
Aussie millionaire falls victim to Bali scam
An Aussie influencer has revealed how he lost $6.2 million in a Bali scam.
Aussie market dips on US tax jitters
Australia’s sharemarket dipped after setting a 50-day high, with growing unease over US spending plans sparking a cautious turn among global investors.
‘Hope’: Huge leap in dementia treatment
A breakthrough drug expected to give back years to hundreds of thousands of Australians suffering through a debilitating disease has been approved.
Big bank to cut 1500 jobs in huge cull
One of Australia’s biggest banks is reportedly about to swing the axe on an estimated 1500 jobs in a massive redundancy cull.
ASX gains on surprising RBA tone
Australia’s sharemarket traded higher on Tuesday after the Reserve Bank of Australia left the door ajar for more rate cuts.
Original URL: https://www.couriermail.com.au/business/markets/page/14