Australia gets baseline 10 per cent US reciprocal tariff. ResMed beats earnings forecasts. Major companies brace as pandora’s box on tax reform opens. Clock ticks for Star on $41m payout to HK partners, debt deal and costs after failed talks.
Donald Trump personally ensured Australia’s tariff rate would remain at 10pc, despite “pressure” from inside his administration, the Trade Minister has said.
Rio declines on profit miss, copper price crash; BHP also drops. Flight Centre bets on loyalty, AI push for recovery. ‘Few positives’ in Beach Energy update. Analyst downgrades hit MinRes. Cettire shares slammed 23pc-plus.
June quarter inflation falls lock in 25 basis-point cut next month. Rio Tinto profit misses estimate. IGO, Chinese partner in talks to stop Kwinana refinery cash bleed. Coal miner Bowen Coking in administration. Austrac sues Mounties.
Protesters tried to confront the CEO of South Australian oil and gas giant Santos on Wednesday, demanding money to clean up the state’s algal bloom disaster.
Australia faces trade pain as US President Donald Trump flags 15-20 per cent baseline tariffs for no-deal nations. Woodside in driver’s seat at Bass Strait after 50 years. Viva’s weak first-half weighs. Greatland’s worst one-day drop since June IPO.
Australian shares have bounced back as major banks recover and Trump’s EU trade deal boosts investor confidence across global markets.
US-EU tariff deal lifts Wall Street, Euro futures, signalling strong start to trading week. Boss Energy guidance weighs as share price hits 2022 lows. WiseTech shares up on internal pick for top job. Tamboran’s sudden CEO exit.
Newmont hauls higher gold grades at Cadia mine in NSW. Whitehaven beats coal guidance as sales jump. Analysts note Macquarie’s ‘deja vu’ on earnings miss. Rich-lister’s latest buy-in caught up in ICAC NSW probe.
Comments from RBA governor Michele Bullock and weaker than expected quarterly earnings dropped the ASX on Thursday.
Macquarie quarterly profit falls, CFO flags exit. RBA governor cautions on speed of inflation fall. Bapcor sinks on profit warning, board exodus.
Investors buy up Australia’s major miners and energy producers after the US and Japan announced a trade deal, pushing up the ASX on Wednesday.
Glencore preps for Queensland smelter closure. Ampol flags lower earnings. Woodside’s US hydrogen hit. Quarterly updates weigh on Telix, Paladin.
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.
Original URL: https://www.ntnews.com.au/business/markets