Rio Tinto CEO to step down
Shares extend falls after Wall Street’s heavy losses. Wesfarmers well-placed to navigate uncertain economy: CEO. ACCC approves IAG’s RACQ acquisition. Bitcoin hits new high.
Shares extend falls after Wall Street’s heavy losses. Wesfarmers well-placed to navigate uncertain economy: CEO. ACCC approves IAG’s RACQ acquisition. Bitcoin hits new high.
Investors boost bourse after RBA’s second rate cut this year. CBA powers to new record. Environment Minister Murray Watt says Woodside extension call coming by end of month. Nufarm tanks. Westpac job cuts may boost profits by $725m.
‘Strong case’ for more cuts after Reserve Bank governor Bullock hands down ‘confident cut’. Shares gain as investors pile into CBA. Rio strikes $1.39bn lithium deal. TechnologyOne rallies on profit upgrade.
CBA shares continue to find support. Peter Stevens Motorcycles enters administration, around 400 jobs at risk. Government to hand down North West Shelf decision by month’s end.
The sharemarket has closed higher for a seventh day in a row following April’s 89,000 jobs bounce and expectations the Reserve Bank will cut interest rates on Tuesday. CBA continues to power ahead, hitting a record of $169.74. GrainCorp soars on profit upgrade.
Annual wages rose more than expected due to public sector spending. CC Capital still keen on Insignia after Bain withdraws. ASIC lands another blow on Macquarie. Aristocrat sinks on earnings miss.
Banking giant trims Australia’s GDP growth forecast. Nearly 20 per cent of Woodside investors reject election of climate director. BlueScope warns of an inflation jump from President Trump’s tariffs as he spruiks deal with the UK. Aussie dollar in demand.
China has cut interest rates and announced other economic boosters before its first trade talks with the US since US President Donald Trump’s sweeping tariffs in April. Local shares close slightly higher, bitcoin gains and the AUD is near US65c.
Trade deals optimism rises as US President Donald Trump softens stance on China, Fed chair Jerome Powell. Paladin top gainer. Safe-haven gold pulls back from its record high.
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.
Original URL: https://www.theaustralian.com.au/author/lilly-vitorovich