Surprise inclusions in RBA’s new-look monetary policy board; new governance board members named. Data centres-focused DigiCo continues to decline. HSBC sued for alleged scam fails. China slump a blow to Treasurer’s mid-year budget update.
DigiCo flops on in subdued start to public life. Insignia considering Bain’s $4 per share bid. Iress promises to reinstate dividends. Rio to spend $US2.5bn on new lithium mine in Argentina. Premier’s FY25 start ‘challenging’. China stimulus talk disappoints
The chance of an early rate cut fades after the jobless rate fell to 3.9 per cent. Qantas strike may disrupt holiday plans. AUD lifts. Downer and Ventia hit by ACCC lawsuit over price fixing cartel allegations. Peter Warren tanks on profit warning.
ASX 200 hits three-week low before US CPI data. Resolution-MLC merger in Nippon’s $US8.7bn buyout plan. Cement Australia buys BGC arm. ASIC sues Rex directors. Bets up on RBA rate cut in February. 2024’s biggest float DigiCo’s ‘overpriced’.
Michele Bullock rejects commentary the RBA has misread the weakness in the economy and should have already moved to cut interest rates. ASX fell on tech, banks and property. But miners up on China stimulus hopes. 480 Mosaic jobs to go; Katies to shutter. Business confidence falls. Perpetual hit on ATO ruling on KKR deal.
Ex-HSBC veteran Nuno Matos will be next ANZ CEO. Platinum crashes, Regal down after takeover talks end. CBA, Goodman jump. Star hits record low. Woolworths flags $140m hit from now-ended strikes. Sonic buying German lab group for $699m. GQG rises after canning buyback.
US jobs data due. ASX has worst day, lowest close in over a week after record highs. Goodman Group, APA Group sell-downs completed. Iluka’s WA refinery costs weigh as government steps up support. Domino’s downgraded. Aristocrat down as gaming CEO joins rival. WiseTech director pockets nearly $200m via share sale.
Bitcoin hits much-awaited milestone. Rio Tinto’s buyback, dual-listing pressures mount. HMC rises on $950m energy buyout. Kmart finds new boss. Aristocrat gaming arm names new CEO. Woolworths strike action ‘concerning’: Wesfarmers boss.
Economy grew 0.3 per cent in the September quarter, below expectations of 0.5 per cent and mostly due to government spending. AUD weaker after GDP data. Pro Medicus up after founders’ $500m selldown, broker upgrade. Goodman dives on Citi repricing. UBS wins NZ$1.3bn of Auckland Airport stake sale.
WiseTech’s ex-CEO Richard White says stepping down after a personal scandal’s his decision. Shares in KFC operator Collins Foods down after profit fall. Woolworths counting cost of strike actions.
Original URL: https://www.theaustralian.com.au/author/valerina-changarathil/page/4