August CPI cools to 2.7pc – lowest level since 2021 – on government subsidies. Analysts warn RBA ‘risks prolonged subpar growth’ with its tight policy. Chinese stimulus triggers switch to miners. Premier, Sigma and KMD fall on earnings updates.
China’s housing stimulus measures trigger investor rush from banks to miners. Economic outlook ‘remains uncertain’: RBA. Supermarket giants Coles and Woolworths still reeling from legal action. Cettire soars on earnings audit.
ACCC sues supermarket duopoly over alleged ‘misleading’ discounts. Bitcoin ‘on track for $US100,000’. Healius confirms Lumus sale to Affinity. Fletcher kicks off big raise. Telix buys US-based RLS for $338m. Hawkish RBA expected to hold rates.
PwC tax scandal evidence called into question. Myer cuts dividend on profit slide. Harvey Norman to defend ‘junk’ warranties class actions. Macquarie’s big US regulatory settlement.
A second law firm has launched a competing class action against Harvey Norman for selling allegedly useless warranties to customers.
Bruce Chenoweth will assume chair role at gaming giant. Strike, MinRes lift on WA gas policy tweak. US Fed’s jumbo rate cut ramps up RBA pressure. Total Tools hit with data leak. Second class action hits Harvey Norman for allegedly useless warranties.
PolyNovo director pockets near-$2m in selloff. ‘Misalignment’ between Labor and business risky: KPMG. Harvey Norman sued over alleged worthless warranties. Woodside sets up decade of LNG supply to Japan.
Shoppers are expected to spend nearly 20 per cent less over the Christmas holiday season, and a Deloitte report says even Black Friday and Cyber Monday turnover is likely to be down.
New Hope’s underlying earnings still solid on ‘robust’ coal price. Platinum urges no action amid Regal bid assessment. Casino operator Star agrees lender terms. Genesis back to claim control of Pacific Smiles. Shareholders approve Webjet demerger.
The proposed merger – expected to be led by former RAMS chief Jake Bromwich – is dead in the water.
Original URL: https://www.theaustralian.com.au/author/joseph-carbone/page/15