Trading DayTrading DayDigiCo 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
SPORTING TIESPoliticsA historic $600m deal to establish a PNG NRL team has dashed China’s hopes for a security pact with Australia’s nearest neighbour for at least a decade.
NRLThere’s a large political shadow hanging over the NRL’s expansion announcement with Papua New Guinea, and it threatens to scupper the historic deal.
Spending $600m over a decade on a Papua New Guinean NRL team is a stunningly good investment in Australia’s national security.
UPDATEDNewsWireThe Pacific island nation will officially enter the NRL in four years in a $600m deal that mixes rugby league with diplomacy.
Trading DayMarketsThe 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.
AgribusinessAgribusinessAustralian wineries have an estimated 200 million litre glut of wine in their inventory despite slowing production in the aftermath of a three-year trade stand-off with China.
NEWSNational Breaking NewsAustralia has officially launched a $400m scheme that’s designed to support our neighbours “in times of need” in a major win over a key rival.
Joseph Olbrycht-Palmer
Our government should take note of Trump’s strong warning to Hamas to return the hostages before his inauguration.
Anthony Bergin and Mike Kelly
EditorialMinuscule though Nauru is, its willingness to defy Beijing and sign a treaty with Australia that ring-fences it against allowing China to ‘use it for security purposes’ – is vital.
Editorial
AppointmentsHigher EducationA scientist born in rural China who became one of Australia’s most eminent chemical scientists has been appointed the next vice-chancellor of the University of Wollongong.
NewsWireA sharp sell-off in banking and tech stocks pushed the Australian sharemarket into the red on Tuesday, even as the heavyweight mining sector soared.
PM seeks to mend fencesPoliticsJewish leaders have accused Penny Wong of waging a ‘deeply cynical’ and obsessive campaign against Israel after she compared the actions of Benjamin Netanyahu’s democratic government with those of dictators Vladimir Putin and Xi Jinping.
WineBusinessAustralia’s iconic Penfolds wine will have a new Chinese home after Treasury Wine bought a controlling stake in a 43-hectare luxury winemaker in China.
Trading DayTrading DayMichele 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.
DEFENCEDefenceThe navy has taken a massive leap forward in its long-range strike capability, firing a Tomahawk cruise missile for the first time.
newsNewsWireAustralian has become just the third country in the world to successfully test fire a new long-range, subsonic missile. See the moment it makes impact.
newsNewsWireAustralia has become just the third country in the world to successfully test fire a new long-range, subsonic missile. See the moment it makes impact.
PACIFICDefenceAustralia will be able to block visits by Chinese warships to Nauru and get a veto over the country’s future security, banking and telecommunications relationships.
NewsNewsWireOne of Australia’s richest people says he believes the solution to the housing crisis is increasing immigration levels to include ‘various types’.