BHP and Rio lead iron ore gains as billionaire-run Fortescue and MinRes also lift. Richard White’s WiseTech up after founder’s $46m selldown. Star hit with downgrades. Key Pacific Smiles shareholders reject Genesis bid. AUD above US69c.
When Northcape Capital’s Fleur Wright first visited Nvidia in 2018 there was no hint of the generative AI boom which erupted later. But she says it’s still early days.
Our sharemarket is tipped to build on last week’s record close as investor enthusiasm continues over the condition of the world’s major economies ahead of local retail and US jobs data.
Was it a hiccup or worse? Bank shares slumped last week but the nation’s number one lender is still seen as too expensive to buy.
The ASX 200 index closed flat after a choppy session at 8212.20 points as banking and healthcare falls offset strong gains among the miners.
The ASX says a former APRA chair and a business veteran are the best options for the market operator’s board vacancies despite two former executives seeking a seat at the table.
Phil King’s Regal Partners could be closer to grabbing the elusive fund manager Platinum than he realises.
Star trims statutory loss to $1.69bn as earnings, underlying profit take a hit. Cettire drops on analyst downgrade. Brickworks lifts on underlying profit beat. Step One insiders’ near-$32m selldown weighs. Platinum rebuffs Regal takeover.
Former RBA governor Philip Lowe, a new director of investment bank Barrenjoey, has urged policymakers to tackle tough supply-side reforms across the economy.
Former Reserve Bank governor Philip Lowe is disappointed with a Greens’ proposal to undermine the central bank’s independence.
The billionaire retailer has three big strategic issues to tackle to get his empire of Smiggle through to Just Jeans firing again.
The Reserve Bank has revealed its concerns about the risk culture of the ASX, which ‘lags other financial institutions’.
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.
Michele Bullock marked her first year anniversary as the central bank governor with a shift in tone.
As other nations slash their interest rates and politicians demand cuts in Australia the RBA board has for the first time since March not considered the case for a rise.
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.
The government’s push to reform the RBA’s policy-setting board is likely dead in the water, and few will mourn its passing.
Amid rising political pressure on the RBA to cut interest rates, there’s actually a growing risk that domestic monetary policy will be on hold for longer than currently expected.
With regulatory battles looming, the market operator will have to kick off a recruitment drive to replace its head of risk Hamish Treleaven, who is retiring.
Financier Anthony Scaramucci believes Donald Trump has embraced bitcoin because it’s actually a booster for US dollar supremacy.
Original URL: https://www.theaustralian.com.au/business/markets/page/18