Sanjeev Gupta’s GFG Alliance owed $500m from Whyalla collapse. Business investment unexpectedly falls in December quarter. Qantas rewards investors with dividend. Jobs to go as Oceania Glass Dandenong shuts.
Supermarket giant Woolworths and the major miners have sent the Australian share market down to a new six week low on Wednesday.
Predictions that Donald Trump’s presidency would make everyone rich are faltering, with another slide putting investors on edge.
January underlying inflation rise underscores RBA concerns. Richard White returns to WiseTech as executive chair with long-term plans. Woolworths flags $400m in cost savings by end-2025. Pointsbet soars on Betr’s $360m-plus bid.
Australia’s sharemarket finished in the red on Friday as consumer discretionary and financials continued to weigh on the local market.
Takeover bids fire up Domain, Nine, Mayne. Coalition matches Whyalla support promise. RBA too slow to hike rates: Bullock. GYG down on ‘soft’ US sales. QBE soars. Bendigo Bank cuts rates.
Fortescue leads mining losses. Banks continue to sink. Goodman down on equity raising. Megaport top gainer as Telstra, Wesfarmers also lift. Rescue package for SA steel plant. Jobs rise more than expected.
Telstra says its heavy investment in the Australian network is paying off, as the telco announces massive payouts to shareholders.
The price of gold is surging as billions of dollars worth of bars fly across the Atlantic – and this underground vault in London is at the centre of a wild conspiracy.
The ASX’s weekly woes continued on Wednesday, as a big four bank and a major miner dragged the market heavily into the red.
SA govt puts Whyalla Steelworks into administration. NAB shares slumps as margin strain dents earnings. MinRes tanks on massive loss. Santos results disappoint. WA rich lister sells $8.5bn Rio stake. MinRes’ big loss triggers double-digit dive. Profitable Goodman taps investors for $4bn.
A slump in the big banks and energy stocks pushed the Aussie market into the red on Tuesday, as the RBA struck a note of caution following its long-awaited rate cut.
Reserve Bank cuts rates 25 basis points, takes official cash rate to 4.1 per cent. First cut in more than four years. NAB, Westpac, CBA and ANZ lower home loan rates. Qatar-Virgin deal gets ACCC nod. Gold to outshine $US3000: UBS, Goldman.
Cult online beauty retailer Adore Beauty is riding a lift in revenues as it begins rolling out a bold plan to open more than 25 brick-and-mortar stores across Australia.
Original URL: https://www.ntnews.com.au/business/markets/page/2