There's something fishy happening in Fortescue
A share price surge this big requires some explaining.
Stock Ticker
- AGL AGL ENERGY LIMITED. -0.28%
- AIO ASCIANO LIMITED 0.45%
- AMC AMCOR LIMITED 0.65%
- AMP AMP LIMITED 0.00%
- ANZ AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED -1.96%
- APA APA GROUP 0.35%
- ASX ASX LIMITED -1.78%
- AZJ AURIZON HOLDINGS LIMITED 0.74%
- BHP BHP BILLITON LIMITED -1.83%
- BXB BRAMBLES LIMITED 1.46%
- CBA COMMONWEALTH BANK OF AUSTRALIA. -1.87%
- CCL COCA-COLA AMATIL LIMITED 0.00%
- CPU COMPUTERSHARE LIMITED. -1.49%
- CSL CSL LIMITED -0.70%
- CTX CALTEX AUSTRALIA LIMITED -0.61%
- CWN CROWN RESORTS LIMITED -0.33%
- DXS DEXUS PROPERTY GROUP 1.32%
- GMG GOODMAN GROUP 0.77%
- GPT GPT GROUP 0.83%
- IAG INSURANCE AUSTRALIA GROUP LIMITED -1.82%
- IPL INCITEC PIVOT LIMITED 1.25%
- JHX JAMES HARDIE INDUSTRIES PLC -2.55%
- LLC LENDLEASE GROUP 0.94%
- MGR MIRVAC GROUP 0.00%
- MPL MEDIBANK PRIVATE LIMITED -2.84%
- MQG MACQUARIE GROUP LIMITED -2.11%
- NAB NATIONAL AUSTRALIA BANK LIMITED -1.40%
- NCM NEWCREST MINING LIMITED 1.30%
- ORG ORIGIN ENERGY LIMITED -2.87%
- ORI ORICA LIMITED 1.43%
- OSH OIL SEARCH LIMITED 0.27%
- QBE QBE INSURANCE GROUP LIMITED -0.96%
- RHC RAMSAY HEALTH CARE LIMITED -0.68%
- RIO RIO TINTO LIMITED -2.60%
- S32 SOUTH32 LIMITED 5.19%
- SCG SCENTRE GROUP 3.05%
- SEK SEEK LIMITED 0.44%
- SGP STOCKLAND 0.96%
- SHL SONIC HEALTHCARE LIMITED 1.47%
- STO SANTOS LIMITED -1.77%
- SUN SUNCORP GROUP LIMITED -0.08%
- SYD SYDNEY AIRPORT -0.16%
- TCL TRANSURBAN GROUP -0.18%
- TLS TELSTRA CORPORATION LIMITED. -0.58%
- VCX VICINITY CENTRES 1.65%
- WBC WESTPAC BANKING CORPORATION -0.96%
- WES WESFARMERS LIMITED 0.84%
- WFD WESTFIELD CORPORATION 0.30%
- WOW WOOLWORTHS LIMITED -0.09%
- WPL WOODSIDE PETROLEUM LIMITED -0.32%
Key Stories
Is CBA an unethical stock?
Last night's 4 Corners made for uncomfortable viewing, and not just for CommInsure policyholders, although they have plenty of reasons to worry.
When is enough, enough?
When is enough, enough? In the past few years Commonwealth Bank has been engulfed in scandal after scandal yet nobody seems to have been made accountable.
Fortescue leads ASX lower
After six straight sessions of gains, Australian shares fell as investors took profits in the big mining stocks despite a remarkable 19 per cent gain in the price of iron ore overnight.
$A at parity? Saxo Bank is betting on it
An Australian dollar at parity again? It is a possibility, and Saxo Bank's chief economist Steen Jakobsen is betting on it.
'It's another shocker': China exports dive
China's export slump deepened in February, highlighting the challenge for policy makers seeking to keep the economy humming at home while trade acts as a brake on growth.
Banks can weather house price drop: RBA
RBA deputy governor Phil Lowe says the economy and the banking system would be resilient enough to withstand a substantial drop in house prices.
- Mining and Resources Fortescue, Vale in shock deal
- Media & Marketing Optus, say no to Yes or live to regret it
- Banking and Finance 'Deeply shocking': Govt demands action
- Media & Marketing Gordon takes bet on Nine Entertainment
- Retail Surfstitch learns hard way after wipeout
Market Indices
Last updated: March 8, 2016 - 8:59PM
Last updated: March 8, 2016 - 8:59PM
Last updated: March 8, 2016 - 8:59PM
Last updated: March 8, 2016 - 8:59PM
Why Googlers can fall short and still succeed
Even outside of Google, setting (and trying to achieve) stretch goals is a crucial part of employee performance.
In Depth
Part 1: James' $1m 'kick in the guts'
James Kessel suffered a heart attack that almost took his life. He thought his insurer would look after him.
Part 2: 'Like a slap in the face'
CBA said he was too sick to work yet CommInsure denied his insurance payout.
Part 3: 'Your heart's ripped out'
A young father who is terminally ill; a former employee with MS. Both were refused payouts by CBA's insurance arm.
Workplace
Companies that hire more women make more money
Top companies that employ more women on their boards make more money.
The women behind your chocolate bar
Cocoa manufacturers make hundreds of millions of dollars profit a year. The cocoa farmers get 50¢.
Markets
Iron ore's incredible rally sparks wild speculation
Can an April flower show in Hebei really explain Monday night's stunning jump in the iron ore price? This and other imaginative theories are doing the rounds.
$A at US77¢ in Westpac sights
The Aussie dollar has been swept up in iron ore's strong rally and at these prices could fetch up to US77¢, Westpac says.
Don't expect tech wreck 2.0, but beware of certain pockets
A technology bust like that of the early 2000s is unlikely to repeat itself, but investors should still brace for "pockets" of failure in the tech sector in the coming years.
- Markets Live: FMG shares hit wall
- Big miners set to gain from iron ore spike
- Commodity bears hammered as prices rebound
- Opinion Too-good-to-be-true rally for iron ore
- Business confidence steady as conditions improve
- Goldman readies Bloomberg-killer message system
- Speculators rethink prospect of $US20 oil
- S&P; 500 edges higher as energy shares advance
Fonterra cuts milk price forecast as glut persists
Search Quotes & Charts
The Economy
Where will the jobs be after the boom?
It's a question doubting customers have been asking me through the whole of my career: but where will all the jobs come from? We worry about jobs, convinced there's never enough of them.
Global threats intensifying: Treasury
The federal Treasury has warned global threats to the Australian economy have intensified in the past few months amid wild fluctuations on financial markets.
Retail
Are you one of the 3159 people banned from restaurants?
Joel Best is tired of people booking at his restaurant and not showing up. Now he is doing something about it.
Fashion's 'enfant terrible' teams with Target
Target and Jean Paul Gaultier will unveil their joint collection this week. Will it sink or swim?
Banking & Finance
Lenders face bubble claims, market ructions in funding bids
Commonwealth Bank's $1.6 billion mortgage bond has re-opened funding markets for smaller lenders, but hedge fund bubble claims and global volatility is squeezing margins.
Time to invest overseas: Rothschild Wealth
The wealth manager says worries about China are overblown, and is advising some of Australia's wealthiest families to diversify their investments overseas.
Mining & Resources
Iron ore's incredible rally sparks wild speculation
Can an April flower show in Hebei really explain Monday night's stunning jump in the iron ore price? This and other imaginative theories are doing the rounds.
Twiggy's billion-dollar share rollercoaster ride
Andrew "Twiggy" Forrest made $612 million on Monday and then lost about $300 million on Tuesday.
World Business
Nike drops Sharapova after positive drug test
Sportswear company Nike has suspended its sponsorship of Maria Sharapova after she admitted testing positive to a banned drug.
Goldman readies Bloomberg-killer message system
Google, Goldman Sachs and more than a dozen big banks are ready to start their messaging system to keep trading information secret and to displace Bloomberg's near monopoly.
China
China's long view an opportunity for Australia
Even at a slower growth rate of 6.5 per cent, China is 'a whole lot bigger than it used to be' and is adding as much to global output as it did in 2010.
China bets on growth to dull reform pain
As economic growth has fallen, Chinese leaders have faced growing questions.
Featured advertisers
Property Focus
Renewal sparks developer demand
Developers are honing in on residential development opportunities, known sometimes as "superlots" ahead of the implementation of the NSW Government's New Parramatta Road project.
Fashion Spree outlet centre gets a fresh start
The family-owned Gazcorp, run by the Gazal group, is set to open the new-look Fashion Spree centre at Liverpool on the site of the former Orange Grove designer outlet centre.
Industrial asset sales reach $5b
Charter Hall and GPT are among the trusts that have earmarked what they view as non-core assets for sale to take advantage of the solid demand for properties by local and overseas buyers.
Singapore investment connections strengthen
Driverless cars set to reshape malls
One of the biggest issues facing property landlords in coming years will be the concept of driverless cars.
Executive Style
Five tech tips for business travellers
Harnessing technology can make travelling for work far easier and safer.
Money
Women's biggest money mistakes
Women need to understand the household balance sheet and take an interest in their finances.
This is serious, mum (and dad)
Pocket money can be a force for good, but we're letting our girls down.
Small Business
Square arrives, but without tap and go
Square's mobile payment device is launching in Australia, missing one key feature.
Selling your business with no regrets
Pyjama king Peter Alexander hasn't looked back since selling his business but other entrepreneurs are not so lucky.
Business Video
The $US54 billion Gorgon gas project hits a milestone
The first LNG cargo from the massive $US54 billion LNG project is expected to leave Barrow Island next week. It's been a seven-year construction journey to get to this point, filled with plenty of challenges.
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Comment & Analysis
Manufacturing next cab off exports rank
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This article contains a video.
BHP and Fortescue making big plays
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Top companies with women make more
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