Australian stocks fade after early rise. Morgan Stanley cuts ratings on Australian stocks. Nine appoints Matthew Stanton as CEO. ACCC finds issues with DP World’s acquisition of Silk. Boss buys stake in uranium player.
Investors wipe $36bn off the local market and push the ASX 200 to the brink of a “correction” as Wall Street tumbles continues to tumble. No exemption for tariffs on Australian steel, aluminium sent to US. Corporate regulator sues super giant.
Australian stocks trimmed half of a sharp intraday fall as US futures rebounded after recession fears hit Wall Street. Brookfield begins Healthscope sale process. Brickworks takes a writedown on US operations. Polynovo shares drop after CEO sent packing.
Salter Bros understood to be leading race for Star’s Sydney hotel, as casino group reviews Bally’s last-minute offer. Stocks lift from six-month lows. Energy sector leads gains. Johns Lyng dives.
Troubled Star finally strikes Queen’s Wharf deal, saves 2700 jobs. Insignia soars as Bain, CC Capital lift offers. PolyNovo’s internal turmoil trims under-scrutiny chair’s fortunes as shared sink 13pc.
Casino operator’s deal with Hong Kong partners to help avoid administration. Ex-dividend trading, oil price slide weigh on bourse. Insurers face $2bn-plus hit from Cyclone Alfred. APRA moves to tighten financial board rules.
‘America’s momentum is back’: Trump. Virgin names new CEO. Wong says ‘hill to climb’ on US tariffs. GDP data shows modest green shoots. China sets new growth, deficit goals. Cyclone Alfred looms.
US tariffs, inflation uncertainty clouds outlook, RBA minutes show. HMC down on Healthscope non-payments. Aurizon details hit from OneSteel, Centrex administrations. Star’s liquidity crisis continues.
Anora director Sean Baker has become the first person to win four Oscars in the same year for the same film. Mikey Madison pulled off the biggest upset, taking best actress for her work on Anora.
Sean Baker’s stripper tragicomedy, the scrappy Palme d’Or winner at the Cannes Film Festival, has waltzed off with Best Picture, winning a total of five awards tonight — Best Director, Best Editing, and Best Original Screenplay for Baker, and Best Actress for Mikey Madison.
Original URL: https://www.theaustralian.com.au/author/joseph-carbone