Gas shortfall risk sparks urgent review
Australia’s energy minister has flagged major potential changes to the country’s domestic gas market, as the ACCC warns of looming shortfalls.
Markets
Fresh chaos hits Star as talks collapse
Fresh drama has engulfed the embattled Star casino group as talks over a $1.6bn Brisbane sale collapse.
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.
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ASX rallies ahead of trade talks
The local market continued its cautious rally, as trade talks between the two largest economies are set to begin over the weekend.
ASX at two-month high before US-China talks; tech sector strongest
Super fund Hesta has put WiseTech on its watchlist over concerns related to chair Richard White. Macquarie’s annual profit has investors on a tear. US has de-escalatory carrot ready for weekend’s China trade talks.
Major bank slashes interest rates
Another big four bank has slashed its mortgage rates ahead of the RBA as competition among the banks heats up.
Aussie shares lift on Trump trade deal hopes
Cautious investors pushed the Australian sharemarket higher on Thursday on the prospect of a new Trump trade deal with the UK.
CBA cuts Aus economic growth forecast; Woodside under pressure
Banking giant trims Australia’s GDP growth forecast. Nearly 20 per cent of Woodside investors reject election of climate director. BlueScope warns of an inflation jump from President Trump’s tariffs as he spruiks deal with the UK. Aussie dollar in demand.
Big bank reveals record $11bn revenue haul
One of Australia’s biggest banks has delivered record revenues as its outgoing CEO praises ‘remarkably resilient’ Aussie households.
China’s stimulus packages suggests economic growth concerns: ANZ
China has cut interest rates and announced other economic boosters before its first trade talks with the US since US President Donald Trump’s sweeping tariffs in April. Local shares close slightly higher, bitcoin gains and the AUD is near US65c.
ASX drags during late trading
The ASX 200 closed marginally lower during Tuesday’s trading as the major banks and healthcare drag the market down.
Stokes bets on China in trade tussle; Regal weighs in on Platinum woes
Trump tariffs in focus for business leaders at Macquarie conference. HMC Capital in talks to re-tenant Healthscope facilities. Regal Partners explains why it abandoned Platinum bid.
Market turns lower; Rinehart rues Liberals’ Trump aversion
Top businesswoman says Liberal Party should have embraced more Trump-style policies, while businessman David Thodey laments Canberra’s lack of ‘vision and an industry strategy for Australia’ in more than 20 years.
Original URL: https://www.dailytelegraph.com.au/business/markets/page/14