ASX plunges 2.8pc following Wall St lead
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The ASX has wiped out about four months of gains in the last two sessions, with a near 3 per cent plunge on Tuesday taking the index back to levels last seen in mid-October.
The ASX has wiped out about four months of gains in the last two sessions, with a near 3 per cent plunge on Tuesday taking the index back to levels last seen in mid-October.
The Dow Jones Industrial Average fell more than 6 per cent in late trade, before recouping some losses to close down 4.6 per cent, erasing the year's gains.
Hamish Douglass says he never planned to get into Australian shares, but insists the tie up with with Airlie will boost the business.
The savage return of volatility on Wall Street looks to have claimed its first victim this morning.
Retail sales fell in December by more than twice as much as forecast, led by a collapse in household goods retailing.
The question is whether the economic outlook in the US and around the world has changed sufficiently to justify weaker financial prices.
Treasurer Scott Morrison says Australia has been able to achieve a soft landing but are house prices headed for an accelerating and damaging drop?
Macquarie Group has racheted up its 2018 earnings guidance, noting profit would be up about 10 per cent on the previous year's record.
Magellan will buy John Sevior's Airle Funds Management and US fund manager Frontier Partners Group in deals worth around $140 million.
Banks in four economies, including Australia, have expanded to a size that should concern all global investors, a leading market consultancy has warned.
Integral Diagnostics is urging shareholders to reject the bid from medical imaging group Capitol Health.
New Wesfarmers boss Rob Scott is ready to act on Wesfarmers' battling British hardware experiment.
Australian stocks are on track for their worst day in more than two years following a record points drop for the Dow Jones Industrial Average.
The Dow fell 4.6% on the day, punctuated by a frenetic last hour of trade. ASX futures down 139 points.
Traders are signalling that the abrupt pullback in high-flying risk assets is likely to weigh on interest-rate policy as Federal Reserve chair Jerome Powell takes the helm.
Bitcoin declined for a fifth day, breaking below $US7500 and leading other digital tokens lower.
Get set for Australian interest rates to start moving higher in the second half of this year.
Two of Europe's leading advocates of financing for carbon reduction projects have told Chanticleer urgent action is needed to address the problem of "green washing".
Treasurer Scott Morrison says Australia has been able to achieve a soft landing but are house prices headed for an accelerating and damaging drop?
Whether we match the market moves from offshore will likely depend on earnings season, which gathers momentum this week.
The retired army general said he would use a "policeman and a pistol" to take control of Darwin Port from a Chinese company whenever it was needed.
Scott Morrison dismissed Treasury advice that Labor's negative gearing policy would have a modest impact on housing because he did not believe it.
Attorney General Christian Porter has flagged it could make changes to its foreign influence legislation.
SA Premier Jay Weatherill's announcement of an $800 million, 250MW virtual power plant could be a game changer - if the Weatherill government wins next month's state election.
Up-and-coming Liberal MP Nicolle Flint has described as "bank bashing" a new regulatory regime about to be imposed on banking executives.
Despite the risk of a disorderly share and bond sell-off, yields are rising because of faster growth and inflation.
Most of the benefits won by US negotiators have remained in the revamped Trans Pacific trade deal.
Economic talks between the US and Japan have helped keep Tokyo clear of protectionist moves such as those that recently hit Chinese solar panels and South Korean washers.
Democrats are pressing for the release of their classified memo, with a vote likely this week on whether to make it public.
US President Donald Trump's fortunes and how Americans come to see him will depend on a business cycle he cannot control.
The bitcoin debate raises an important question for SMSF trustees: what type of assets can an SMSF own?
Pay slips are insufficient and borrowers should provide tax file numbers so banks can verify household income, says UBS's banking analyst.
Governments can only hold down health insurance costs by taking on the power of the providers.
The resignation of long-time Melbourne Lord Mayor Robert Doyle is forcing companies to consider how they will deal with sexual harassment allegations.
The growing phenomenon of chief executives speaking out on social issues is helping restore their credibility, the Edelman Trust Barometer found.
A lucky coincidence helped PwC partner Judy Sullivan ask for the help she needed.
Our man in China pulls back the curtain on life as a newly minted foreign correspondent in the "Paris of the East".
A round up of where to go from Conde Nast Traveler, the New York Times, Lonely Planet and the UK's Telegraph.
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