Big childcare provider quiet on Brown shock
A $150m childcare company has kept quiet on its response to the Joshua Brown allegations, even as other centres flag major changes.
Markets
Miners drag ASX to worst day since May
Australia’s sharemarket had its sharpest one-day sell-off since May, with the major miners slumping during Wednesday’s trading.
Banks drive ASX 200’s biggest fall since May; Iluka, Nuix, DroneShield up
Rio down on weak day for miners as investors digest mixed June quarter report, CEO update. G8 selloff continues on fresh alleged Vic offender update. DroneShield soars to another record high. Boost for Gina Rinehart’s US, Aussie rare earths bets.
Aussie shares crack fresh record high
The Australian sharemarket lifted to a fresh record high on Tuesday as investors followed gains on Wall St.
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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.
ASX falls as oil markets on edge over Iran’s next move
Broad based losses amid concerns about the fallout over the bombing of Iran’s nuclear facilities by the US. But investors snap up financial and energy stocks. All eyes on key oil corridor Strait of Hormuz amid fears oil may hit $US100 a barrel.
Trump slump smashes major Aussie company
Alarm bells are ringing for a major ASX-listed fashion business as a brutal Trump slump and inflation shock smashes share prices.
Original URL: https://www.ntnews.com.au/business/markets/page/6