Australian tech stocks plunge as DeepSeek rattles market
Local tech stocks with exposure to AI and data centres have fallen as much as 20 per cent as China’s answer to ChatGPT causes deep unease across the market.
Companies
DP World makes $400m Port Botany investment
The logistics giant will pour $400m into doubling rail capacity at Port Botany, with its local boss saying it will lift productivity and help workers generate greater value after a bitter pay dispute.
ASX ends flat; US tech stocks smashed
Seesaw day on the ASX following heavy falls across US tech stocks. Investors spooked following emergence of low-cost Chinese generative AI model DeepSeek. Goodman, NEXTDC, DigiCo, uranium stocks, Nuix fall hard.
Wild West: ASIC tackles private credit markets
The financial regulator is weighing intervention in the growing unlisted assets and private markets amid record investor interest.
‘Hostile Macca’s limits delegate access’
Enforcement of right of entry permits by employers is generally associated with the militant CFMEU, but McDonald’s is forcing delegates to get ROE permits to talk to young workers.
ASIC prepares to bet it all on casino legal fight
The regulator’s blockbuster action against the casino’s former directors is about to start. And the stakes couldn’t be higher.
Start-ups warned against ‘excessive’ capital raising
Start-ups need to be in less of a hurry to raise massive sums of money which leaves them answerable to multiple investors, says TechnologyOne founder Adrian Di Marco.
EML Payments should be sold off, activist investor argues
Activist investor Jeremy Raper has written to the EML Payments board arguing that the company’s brand is beyond repair and it should kick off a sales process.
Unions put the bite on Maccas
Bosses say the retail, hospitality and fast food sector will be exposed if unions force McDonald’s into making a multi-employer deal. The ACTU disagrees.
Multinational snaps up state sand operations
With expectations of improvement in the housing construction sector, the Australian arm of a German multinational has acquired two sand operations in central Queensland.
Swing to right ‘won’t change fundamentals’ of business
Adelaide-born businessman Rob Chapman says the election of Donald Trump will move the ‘pendulum’ right, but says the fundamentals of doing business will remain intact.
Di Marco ‘winged it’ to TechOne’s ultimate success
A son of Italian migrants, who built one of Australia’s most successful software companies, has been awarded a Medal of the Order of Australia for his contribution to the tech sector.
China and new export markets key to wine industry: Brown
Brown Family Wine Group executive director Ross Brown, who has been recognised in this year’s Australia Day honours list, says export markets are key for the Australian wine industry.
Strong gains tipped for drug developers in 2025
There’s a grab bag of Australian-listed drug developers that should be on investors’ radars this year, analysts say, with a hefty upside potentially on the cards.
CBA’s China sale delivers $1bn windfall
After two decades, the banking major calls time on one part of its ambitious Chinese expansion.
Picture this: The beginning of the end for Luke Sayers
Just weeks ago Luke Sayers was enjoying an Italian holiday, but now he is set to exit his positions across the consulting sector and Carlton Football Club in the wake of a lewd picture scandal.
Super funds back push for DEI reporting and boardroom quotas
As Donald Trump inflames the diversity, equity and inclusion debate in the US, super funds here reiterated their support for DEI reporting by ASX-listed companies.
Waislitz vow: Where I’ve been challenged, I will defend myself
Alex Waislitz has drawn a line in the sand, declaring he will defend his reputation as a string of legal cases loom for the billionaire investor this year.
The day Donald Trump took an Aussie billionaire to Tokyo
Australian retail supremo Solomon Lew had a first-hand view of how the now two-time US President tackled business deals and it offers plenty of lessons for leaders.
Chinese giant abandons WA lithium refinery expansion
China’s Tianqi has axed a major expansion of its lithium hydroxide refinery in Kwinana, Western Australia, as the poor market conditions for the alkali metal hammer the industry.
Original URL: https://www.theaustralian.com.au/business/companies/page/4