ASX 200 climbs 1.4pc, AUD down after RBA
RBA board considered a rate hike, ‘not ruling anything in or out’. Inquiry wants steps to combat supermarket giants’ power. Earnings upgrade lifts AGL. ANZ profit down, $2bn buyback ahead. Sims tanks.
Markets
ASX ends up 0.7pc; Westpac lifts investor mood
Australia’s sharemarket rose for a third day running, tracking the US market to its highest daily close in almost two weeks, after cooling non-farm payrolls data gave hope of a soft economic landing with interest rate cuts.
ASX climbs as RBA board discusses rates
Ahead of the central bank’s impending interest rate decisions, investors on the Australian share market were in an upbeat mood.
‘Call us’: Major bank’s plea to homeowners
The chief executive of one of Australia’s biggest banks has laid bare the stress Aussie homeowners are going through.
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Dividend darlings: the stocks with the biggest rises
Cash is flowing to investors from some ASX-listed stocks while others reman in a Covid-induced dividend funk. See the winners.
Surprising Covid trend for Harvey Norman
Retail giant Harvey Norman has slipped to its first loss of the pandemic but the company’s share price is booming after a surprising post-lockdown trend.
$700b in crypto disappears in hours
The combined cryptocurrency market was savaged as key blockchain founders weighed into the Ukraine conflict.
Wounded ASX rebounds with Wall Street
A wounded Australian sharemarket has followed Wall Street higher and recouped some of the billions that were shed on Thursday.
ASX smashed in $73bn wipeout; oil, gold surge
ASX posts third worst fall in two years as Russia declares war on Ukraine. Qantas posts $1.27bn loss, Appen hammered amid profit drop, Cimic surges on takeover bid, while oil and gold jump.
Rio splashes record cash on investors
The Australian mining giant has lined the pockets of its investors, but pickings may be slimmer in the year ahead.
ASX ends in black, led by BHP, CBA
ASX rose 0.6 per cent by the finish, led by BHP, CBA and Telstra. Deloitte may take on the Probuild voluntary administration. Rio Tinto books $US21.09bn annual net profit.
Why shoppers will face grocery bill pain
Australia’s major supermarkets have revealed the reasons grocery bills will become more expensive over the next few months.
Things go sour for Russia’s super-rich
The price of oil has surged as tensions boil over between Russia and Ukraine, with the United States announcing sanctions.
New twist in ‘meth pipe’ video saga
There has been another huge development in the “meth pipe” video drug saga engulfing Grill’d co-founder Geoff Bainbridge.
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