Ecstasy could turn to agony for iron ore giants
Australia’s three resources giants generated $55bn in profit from digging up and shipping off iron ore, mostly to China, which is why the corporate ecstasy could turn to agony.
Victoria Business
NIB dividend surges on strong profit results
The group is growing its non-insurance divisions in a concerted fashion, while rewarding shareholders on the back of strong profits.
Save big bucks with Barefoot’s top health insurance tips
There are 26,000 different policies and it’s almost impossible to work out how to get a good deal … which is exactly how the health funds like it, says Barefoot Investor.
This will be AI’s year of big impact: Telstra boss
Investor interest in AI is white-hot. US chip designer Nvidia broke through a $3 trillion valuation last week. Australians companies seek to capitalise.
More Stories
Cash in on dodgy drivers with this $20m ASX float
If you’ve been caught using your mobile phone while driving, technology company Acusensus might be to blame. Now there’s an opportunity to profit as it lists on the exchange.
How to keep lights on through the volatile green switch
With more than a dozen power plant closures in coming years there is little room to move in a market that is still desperately building out capacity.
SEC exposes lunacy of the windmills of Dan’s mind
The reborn State Electricity Commission has even less financial metrics than the NBN. There probably isn’t even a drinks coaster.
Why it’s too early to write off the UK economy
Despite fears of a long recession in Britain, banking veteran David Duffy says there is plenty to be positive about.
Rinehart ups the ante with late bid for Warrego
The fight for control over Warrego Energy took another twist late on Friday when Hancock Prospecting upped its offer to 28c a share.
Why Twiggy’s mining empire needs two CEOs
The gas industry veteran will effectively become co-chief of a mining company which has big green energy plans.
Hydrogen will bring steelmaking back home, says Garnaut
The shift towards net zero will drive steelmaking back to Australian shores, as hydrogen made with renewable energy radically alters the industry, Professor Ross Garnaut says.
Cash is in Caribbean, local FTX clients told
The collapsed platform has almost 30,000 customers in Australia, but most are unlikely to be able to recover debts, KordaMentha warns.
Fed head pivots but China and Russia still key
Sharemarket investors have welcomed a rate hike pivot by the US central bank but what happens in China and Russia-Ukraine are the real keys to how Australia exits 2023.
Coke flags price rises as it opens super fast factory
Consumers are reaching for Coke, pushing the bottler to invest $70m in its Melbourne factory as it keeps a watch on energy cost pressures.
Original URL: https://www.themercury.com.au/business/victoria-business/page/197