‘Cruel’ blow dealt to Aussie mortgagees
Aussie mortgage holders have been dealt a “cruel” blow after the RBA held the official cash rate – and they will need to wait longer to see the fruits of earlier rate cuts come into effect.
Markets
‘Cruel’ blow dealt to Aussie mortgagees
Aussie mortgage holders have been dealt a “cruel” blow after the RBA held the official cash rate – and they will need to wait longer to see the fruits of earlier rate cuts come into effect.
Miners soar, ASX falls on Trump move
A surge in mining stocks was not enough to drag the ASX 200 higher as every other sector slumped on the latest move by US President Donald Trump.
Fresh tariff jitters offsets strength in miners
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.
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Psychedelic drugs trial gets green light
A major Aussie university and ASX-listed company will deploy psychedelic drugs to treat binge-eating in a world-first clinical trial.
Aussie Supers dodge US ‘revenge’ tax
Australia’s Super sector has avoided a US-proposed “revenge” tax targeting foreign investors, after the Trump administration walked back the tough talk on the policy.
ASX 200 ends down as banks outweigh miners
ASX ends down forming bearish chart pattern. Super Retail defends whistleblower’s claim. Northern Minerals ‘not party’ to Treasurer’s China investor lawsuit. Bonds scandal-hit ANZ taps McKinsey for risk review. Reece dives on earnings hit.
Woolworths shuts down major online retailer
The supermarket giant has followed rival Wesfarmers in shutting down an online marketplace amid mounting losses.
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.
ASX falls to three-week low on Iran fears
Australia’s sharemarket slid during Monday on fears the Middle East conflict could escalate but the falls were limited thanks to one banking juggernaut.
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