Business News
NATIONAL BUSINESS
Don’s $54bn party in stocks
THE Australian stockmarket has staged a remarkable rally as fears over the impact of a Donald Trump-led US switches to hunger for a slice of his stimulatory American pie.
Walsh, Albanese ‘knew of Rio fee’
TWO former Rio Tinto chief executives were aware of a $13.5 million payment made to a consultant to ensure an iron ore project in Africa went “smoothly” with the local government.
Closed doors a folly: Wesfarmers
POPULISM is trumping rational economic policy discussions in advanced democracies around the world, Wesfarmers chairman Michael Chaney has warned.
Buffett boosts Aussie interest
SHARES in travel insurer Cover-More have jumped after it signed a tentative agreement for an underwriting deal with a group controlled by US billionaire Warren Buffett.
Nest eggs are off the boil
BABY Boomers and Millenials are the tardiest when it comes to building their nest eggs, research has found, in a warning with ramifications for the nation’s strained welfare system.
Trumpled: ASX 200 hit, Aussie dollar slides and Bears run riot
GLOBAL stockmarkets have buckled and more than $34 billion has been stripped from the value of Australian companies as Donald Trump barnstorms his way to the White House.
SA graphite stocks perform well
South Australian graphite stocks enjoyed strong share price gains yesterday after a mining lease application was lodged and good test result results were achieved.
Gold comes up trumps
WHEN the proverbial hits the fan investors don’t run for the hills, they run for gold, and the performance of Australian gold stocks yesterday bore this out.
Port Lincoln fish farmer buoyant about strong start to year
PORT LINCOLN Lincoln kingfish farmer Clean Seas Tuna Limited has announced a 59 per cent rise in sales in the first quarter to 714 tonnes, well above the 449 tonnes for the same period in the previous year.
Grain growers challenge mining review
GRAIN growers have questioned the independence of a review of South Australia’s mining laws and the short-time frame for responses during the peak harvesting season.
Red or blue, it’s white knuckles
INVESTORS are bracing for fireworks on the stockmarket today as “the greatest show on Earth” reaches its climax, although analysts expect any fallout from the US election result to be short-lived.
Aussie eyes on trade titan’s fortune
THE Federal Government’s struggle to rein in the Budget risks exposing the Australian economy to a slowdown in Chinese growth, according to new research.
Poll scrapped CBA axes vote over CEO bonus
THE Commonwealth Bank has axed plans to allow shareholders to vote on a share bonus for chief executive Ian Narev — but will still hand over the shares.
Mining probe Top Rio executive stood down
MINING giant Rio Tinto has suspended a senior executive and is launching a probe into more than $13 million in payments made to a consultant.
The reason Hillary Clinton wore this outfit
YOU MAY have noticed a distinct difference in Hillary Clinton’s outfit during her concession speech. Here are the two key reasons she made the change.
Can you solve this door puzzle?
IMAGINE you’re in a room with 100 doors - each one has only a 1% chance of being unlocked. What is your chance of escaping?
