Excitement and a century-old industrial company don't usually mix in the minds of Silicon Valley talent.

A forensic accountant has found Murray Goulburn may have overstated its earnings and in fact have lost money heavily last financial year.

The rise in bond yields is setting the expensive ASX up for a plunge, according to Watermark Funds Management.

The sharemarket fell for a second day as some of the heat came out of the big mining stocks.

If Chinese policymakers were to stop intervening in their currency, the renminbi would go down rather than up, economists say.

Previous bond market routs sparked panic selling of shares, but this time seems different. For now.