RBA to stay on sidelines until May amid underlying CPI pressures. Gerry Harvey slams ‘big black hole’ of govt debt. Web Travel soars on buyback, outlook optimism. Novonix dives after discounted raise. AEMO taps emergency powers to keep NSW lights on.
ANZ knew of corporate regulator ASIC’s interest in a bungled $14bn bond placement nine months before it informed its shareholders.
The market operator says it ‘continues to work towards’ a 2026 delivery of Release 1, with estimated project costs now expected to be at the ‘upper end’ of its range of between $105m to $125m.
Stocks have fallen and the Australian dollar has been pummelled by fear of a global trade war after US president elect Donald Trump announced a hardline tariff plan.
Banks, resources drive ASX selloff. Trump threatens tariffs against China, Mexico and Canada. Israel-Hezbollah ceasefire seen as imminent. Sharemarket operator ASX down after CHESS guidance. Brickworks sees ‘subdued’ key markets over next 12 months.
The notion of an Elon Musk-style regulation buster with authority to drive changes would be welcome relief here.
Donald Trump’s nomination of hedge fund chief Scott Bessent for Treasury Secretary added to the positive mood in stocks, bonds, currencies and commodities at the start of the week.
APRA decision weighs on big four. SG Fleet soars on $1.2bn takeover talks with Pacific Equity Partners. Novonix signs new offtake deal. Cuscal debuts in line with IPO price. SCA boss fires broadside at regulators.
The domestic sharemarket is on track to open higher, with benefits ahead from the US economic outlook, despite already high valuations.
This week’s share tips, as the market trades near record highs, show how tricky it is to forecast winners and losers.
Australians are sick of having their health being used as a bargaining chip as hospitals and insurers face losing it all.
The stockmarket is currently taking a benign view of Donald Trump’s policies but it’s hard to see the US outperforming other markets again next year.
Warren Buffett derides it and Donald Trump supports it but whatever you think of cryptocurrency, the price of ‘digital gold’ is up and running again. So is it time to get aboard?
WiseTech profit warning, AGM updates weigh. GQG ‘happy’ to buyback CDIs after Adani fall. A2M flags first dividend. Kogan soars on massive earnings jump. Billionaire Brett Blundy-led Lovisa gets second strike against pay after weak trading update. CBA hits all-time high at $159.03.
Shares in fund manager GQG Partners plunged on Thursday after it said it was monitoring bribery charges brought against Indian billionaire Gautam Adani in the US.
Economists are increasingly predicting an even later start to rate cuts, as the RBA needs more than one ‘good’ quarterly CPI outcome to be confident a decline in inflation is sustainable.
MinRes to exit/unwind Chris Ellison-linked deals. Westpac pushes RBA rate cut forecast to May. Pinnacle hits record. Dec listing for HMC’s big data fund. Accent smashed after margin drop. Shares in GQG down as it ‘monitors’ Adani bribery charges. Bitcoin hits $US95k.
With sharemarkets up in November, Chant West estimates that with just six weeks of the calendar year remaining, the growth median is sitting at a healthy 10.3 per cent return.
The Future Fund has thrived by having the independence to make its own financial calls. The Treasurer wants to trash this with his own risky bets.
Investors are bracing for fireworks when tech giant and industry-leading maker of AI computer chips Nvidia reports its third-quarter earnings soon after the US close on Wednesday.
Original URL: https://www.theaustralian.com.au/business/markets/page/9