‘Perilous’: Chalmers’ inflation warning
Motorists are being warned it is “inevitable” they will be paying more for fuel in the coming days, while Treasurer Jim Chalmers says there could be issues for the economy.
Markets
Market flat; takeover offers boost THL, Santos
Bourse operator faces ASIC inquiry over ‘repeated, serious failures’. Israeli strike success boosts Wall Street futures: IG. National interest of Santos deal up to Chalmers: Coalition.
ASX slips on geopolitical tensions
A spike in oil and gold producing shares was not enough to lift the ASX200 on Friday as investors fear the fallout from the Iran-Israel crisis.
Oil prices jump, stocks jittery on Israel’s Iran strikes
Crude prices lift as strikes on Iran send commodities higher. Rio’s jointly-owned Tomago smelter in rescue talks. Accent smashed on profit warning. Woodside, Labor extend NW Shelf consultation.
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Housing market picks up; Brickworks, Soul Patts soar
House prices and auction clearances rose in May. 25 years late, but corporate raider happy with Washington H Soul Pattinson move on Brickworks. Billionaire’s $1bn-plus gaming bid.
Older daters warned of financial pitfalls
Older Australians entering the dating scene are being urged to be “pragmatic” and make sure they have proper plans in place before combining finances.
Big call after Trump’s tariff blow
Donald Trump has stoked outrage after doubling the levy on Australia’s steel exports – but there still might be a “pathway” for an exemption.
ASX has best month since January
A bounce in the major banks and consumer staples in trading on Friday has helped drive the ASX to its best month since January.
Healthscope deal lifts HealthCo; James Hardie’s golden parachute
HealthCo’s record jump after HMC Capital defers Healthscope rents. Big payouts for AZEK executives in controversial James Hardie buyout. Sigma’s best days ‘behind it’. Trump team plots Plan B on tariffs.
Trump tariff uncertainty keeps investors on sidelines
The White House has appealed the US Court of International Trade’s rejection of US President Donald Trump’s ‘unbounded authority’ in imposing his Liberation Day tariffs. Australia is reviewing the decision.
ASX snaps four day winning streak
Australia’s sharemarket snapped a four day winning streak during Wednesday’s trading after monthly inflation data came in hotter than expected.
Fed approval for Woodside’s North West Shelf expansion
Environment Minister Watt approves Woodside’s four-decade extension of WA project. Economists tip two more RBA rate cuts after April inflation print. MinRes downgrade weighs.
Fresh blow for mortgage holders
Aussies hoping for back-to-back rate cuts have received unwelcome news after the inflation figures for April were released.
Fresh blow to mortgage holders as inflation spikes
Aussies hoping for back-to-back rate cuts have received unwelcome news after the inflation figures for April were released.
Original URL: https://www.thechronicle.com.au/business/markets/page/5