Business
Markets
Opinion
Aviation
‘Common threat’: The US and EU move to thwart China’s ambitions in the air
Mutual interest is a strong motivation for détente. The US and EU have settled a 17-year trade dispute and plan to work together to limit China’s attempt to gatecrash the global aviation industry.
- by Stephen Bartholomeusz
Latest
Live
Markets Live
ASX breaks through 7400 points; Oil stocks surging
The ASX200 brushed away weak leads to break through the 7400 points barrier just before 11.30am. Banks, healthcare, and energy stocks were adding the most points, but materials and info tech were dragging.
- by Lucy Battersby and Alex Druce
Rupert Murdoch’s Fox creates $130m fund to invest in NFTs
Rupert Murdoch’s Fox Corp. is joining the list of investors and businesses pumping big money into nonfungible tokens.
- by Christopher Palmeri
Wall Street asks if bitcoin can ever replace the dollar
El Salvador’s bold move to accept bitcoin as legal tender has Wall Street once again wondering whether a cryptocurrency could really ever replace the greenback.
- by Sydney Maki and Vildana Hajric
Updated
World markets
Wall Street dips from records ahead of Fed meeting on rates
Stocks slip as investors wait to hear whether the Federal Reserve will give any clue about when it may let up on its massive support for markets.
- by Damian Troise and Stan Choe
JPMorgan, Morgan Stanley chiefs signal Wall Street’s pandemic boom is coming to an end
Wall Street heavyweights are tempering expectations for their investors as trading revenue starts to fall after a bumper 12 months.
- by Sridhar Natarajan
Opinion
Global economy
Dr Copper’s mixed signals suggest the global economy is at a delicate moment
If the copper price is a forward-looking barometer of economic conditions, its recent movements suggest we’re at something of a watershed moment.
- by Stephen Bartholomeusz
As it happened: Blue-chips fire ASX to new record high
The ASX 200 added 70 points on Tuesday to close at a new record high of 7379.5 points, a gain of 0.9 per cent.
- by Lucy Battersby and Alex Druce
Updated
World markets
ASX set for gains as Wall Street rallies late
Technology companies helped lift stocks higher on Wall Street, nudging the S&P 500 to its third straight all-time high, even as other parts of the market faltered.
- by Damian Troise and Alex Veiga
PEXA float a big test for Macquarie after IPO flops
The biggest float in years on the ASX has kicked off with the release of online property conveyancer PEXA’s prospectus.
- by Colin Kruger
‘I don’t see any reason’: Investors sleeping on emerging markets boom
Asset managers are tipping local portfolios to increasingly feature companies from so-called developing nations, as investors seek new growth opportunities.
- by Alex Druce