Market drops after horror Aussie dollar dip
The Aussie dollar has fallen to its lowest level in nine months after new unemployment figures were revealed, causing havoc in the sharemarket.
Breaking News
Major clue on next rates move
One economist has labelled a new set of figures as the “final nail in the coffin” for the chance of a rate hike next month.
Chaos as hundreds of protesters storm city
A massive crowd of protesters has brought traffic to a standstill in one city as they make their voices heard about two key issues.
Gina’s ‘death warrant’ for kids’ trust: court
Mining magnate Gina Rinehart inked “death warrant” deals in a bid to strangle the lucrative trust fund her father left for his grandchildren, a court has heard.
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US firm lobs takeover bid for AMP
Shares in AMP soared after the beleaguered financial services giant revealed a US company had made a multi-billion dollar takeover bid.
Top Myer shareholder wants entire board gone
Myer’s chairman has quit but the department store chain’s top shareholder wants the entire board gone after the second biggest loss.
V/Line chief sacked
V/Line’s chief executive has been sacked after public hearings of the independent Broad-based Anti-corruption Commission.
ASX tumbles on virus, US election worries
The ASX followed overseas markets lower amid worries about COVID-19 cases surging in the northern hemisphere and a contested US election.
ANZ suffers huge profit plunge
ANZ has posted a profit plunge due to higher provisions against bad loans as borrowers struggle with the financial hit of COVID-19.
Iconic brand to close 250 stores
The retail group that owns iconic brands including Noni B, Katies and Rivers is closing 250 stores.
Sharemarket overturns early losses
Positive updates from Coles and Afterpay have helped the Australian share market erase early COVID-related losses.
Afterpay shares soar on sales record
Shares in buy now, pay later market darling Afterpay nudged all-time highs after a quarterly sales record and near doubling of customers.
Big reasons hip pockets are hurting
Fuel prices and the end of a free government scheme hit Australians in the hip pocket in the September quarter, the latest inflation figures show.
Revenue stream driving Coles’ growth
Supermarket giant Coles continues to enjoy online sales growth, surprising analysts with the ongoing strength of one of its revenue streams.
Original URL: https://www.thechronicle.com.au/business/breaking-news/page/198