Major Aussie bank posts mammoth profit
One of Australia’s Big 4 banks has posted a mammoth statutory profit for the first financial year quarter, asserting the economy is “fundamentally sound” despite cost of living pressures.
Markets
ASX 200 down; Paladin smashed; Platinum cops second strike
Paladin sinks 20pc-plus on mine challenges. Platinum Asset investors vote against pay plan. New intraday records for Aristocrat, CBA. ACCC says airfares up since ‘Rexit’, but Qantas has a different view. Business, consumer confidence up.
ASX slides on China update
The ASX has dipped for the second consecutive day, giving back part of last-week’s post gains following the US presidential election.
Shareholders’ demand to Coles board
Coles shareholders have lashed out at the supermarket for its environmental shortcomings and issued a demand.
More Stories
Big bank’s surprise Stage 3 tax cut reveal
Aussies have pocketed $6.4bn in extra income since July’s Stage 3 tax cuts, but what we’re doing with it might come as a surprise.
‘Mixed bag’: ASX trades sideways
The ASX 200 has again traded sideways on Thursday, after $48bn was wiped off the sharemarket during Tuesday’s trading.
Richard White to stand down as WiseTech CEO
ASX 200 slips in cautious trading. WiseTech CEO resigns. CBA, Westpac rebuff flexible serviceability buffer call for home loans. Weak quarter weighs on Reece, Fortescue and Brambles. Super Retail tried to settle claims ahead of court fight. HMC lines up data play with $2bn Global Switch deal.
Aussie markets flat despite Qantas high
The ASX 200 traded sideways on Wednesday, after $48bn was wiped off the sharemarket during Tuesday’s trading.
ASX 200 rises; WiseTech falls; Coles, Woolworths gain
WiseTech, MinRes billionaire actions on ASIC radar. Qantas jumps on Jefferies’ boost. Insurer QBE sued for allegedly misleading 500,000 customers. Nine-controlled Domain Holdings flags CEO change.
‘Horrified’: Reactions to inflation warning
Australians are being urged to prepare for further financial pain after the International Monetary Fund issued a dismal prediction for next year.
ASX takes big hit across board
The ASX 200 has its worst trading day in seven weeks with all 11 sectors falling Tuesday. But there were pockets of strength for Aussie investors.
ASX 200 a sea of red; WiseTech rebounds
Bourse has $48bn wiped off. WiseTech rises as Richard White settles fight with ex-lover. MinRes dogged by founder concerns. Broker downgrade weighs on Metcash. Audinate, Iluka updates trigger selloff.
‘Bad tax’: Big call on stamp duty
The federal housing minister is signalling a major change that could affect millions of property owners.
Renewed optimism leads to ASX rally
The ASX 200 has rallied strongly following strong falls on Friday, after a spate of good economic news
Original URL: https://www.ntnews.com.au/business/markets/page/6