Latest
RBA’s resolve tested by unruly bond market
The Reserve Bank of Australia is under pressure to wrest control of a key bond rate to prove it has no intention of raising interest rates before 2024.
- Jonathan Shapiro and Cecile Lefort
Virtual-only meetings face real-world investor fight
A new bill could allow companies to have online-only shareholder meetings, and that has concerned some investor groups.
- Liam Walsh and John Kehoe
Shares rally 0.5pc, led by Worley’s upgrade to net zero winner
Australian shares closed higher on Wednesday, buoyed by a 7.5 per cent jump in Worley after it secured a key contract, and by a positive Kogan trading update.
- Vesna Poljak
ASIC warns ASX penny stock pumpers for second time
Pump and dump group organisers taunted ASIC again after the regulator directly messaged them to warn sharemarket manipulation is illegal and risks jail time.
- Tom Richardson and Jonathan Shapiro
Hedge fund manager Robert Luciano suffers $500m drop in wealth
Shares in VGI Partners, Robert Luciano’s hedge fund, have fallen 70 per cent in two years to a record low.
- Richard Henderson
How Jack Ma treatment prompted Cathie Wood to quit China
When Alibaba founder Jack Ma was effectively banished in China, it triggered star fund manager Cathie Wood. Her flagship Ark fund now has no Chinese investments.
- Matthew Cranston
Opinion & Analysis
Bull retreat: Where global fundies are investing - and avoiding
The speed at which sentiment has changed in Bank of America’s global fund manager survey is staggering. And it’s all about inflation.
Columnist
Deal frenzy driven by what’s coming next
Australia’s likely record year for M&A is being driven by boards and management teams readying for a decade that looks very different to the one just gone.
Columnist
The Coalition is safeguarding emissions
The safeguard mechanism is the means by which the Coalition is frustrating Australia’s transition to net zero. It is not fit for purpose.
Contributor
Don’t follow the herd into the market abyss
Be contrarian and don’t let another salesperson tell you that buying Wesfarmers is a reopening trade. There are better opportunities to be found.
Contributor
Companies in the News
Commonwealth Bank
Aristocrat Leisure
Westpac Banking Corporation
Updated: Oct 20, 2021 – 4.11pm. Data is 20 mins delayed.
Search companies
View stories and data from an ASX listed company
Meet the Fundie
How to spot the ‘next CSL’ when every small cap’s an innovator
The new industrial revolution ‘is the biggest thing since James Watt looked at a steam engine and said, “I can use that”,’ Ausbil’s Tobias Bucks says.
- Alex Gluyas
Meet the debt specialist who started at 15
Cbus’ head of debt Linda Cunningham survived the collapse of Pyramid Building Society and the GFC to fund Melbourne icons Crown Casino and Docklands Stadium.
- Cecile Lefort
How NZ’s sovereign fund was built to freak in, not freak out
New Zealand’s sovereign wealth fund was almost all in on stocks when the pandemic hit the markets – but the team, and the nation, didn’t bat an eyelid.
- Jonathan Shapiro
More From Today
- Opinion
- Chanticleer
Bull retreat: Where global fundies are investing - and avoiding
The speed at which sentiment has changed in Bank of America’s global fund manager survey is staggering. And it’s all about inflation.
- James Thomson
ASX adds 0.5pc; Codan, REA, Kogan, A2 Milk climb
The Australian sharemarket added 38.8 points, or 0.5 per cent to 7413.7 on Wednesday. Recap the day’s news here.
- Updated
- Alex Gluyas, William McInnes, Tom Richardson, Richard Henderson, Vesna Poljak and Cecile Lefort
Bitcoin futures ETF demand surges on trading debut
BITO stands as the second-most heavily traded ETF for a first day of trading, only surpassed by a BlackRock carbon fund.
- Vildana Hajric
ASX to rise, earnings fuel gains on Wall Street
Australian shares are poised to rise, bolstered by reporting season optimism in the US. Bitcoin moves toward record high. $A reaches for US75¢.
- Timothy Moore
Yesterday
Miners drag ASX from a three-week high
The Australian sharemarket fell away from a three-week high on Tuesday, as losses from the major miners offset strength from the local tech sector.
- William McInnes
Macquarie leads rivals in $760m M&A fee windfall
Macquarie Group, Goldman Sachs and UBS command a third of Australian investment banking fees in a record year for deals.
- Richard Henderson
Economists cast doubt on RBA rate hike plans
Economists and markets disagree with the RBA’s stand that the cash rate will not rise before 2024, warning about the surge in housing and energy prices.
- Cecile Lefort
Energy crisis puts rocket under base metal prices
Energy shortages in China and across Europe have led to output cuts across the base metals sector, driving prices to record levels.
- Alex Gluyas
Shares finish flat as miners drag; BHP posts ‘mixed quarter’
Traders lift RBA rate hike bets. Brambles Q1 sales up 11pc, warns on labour shortages. BHP sticks to production guidance. Nuix jumps 7.7pc. a2 Milk up 5.3pc.
- Tom Richardson, William McInnes, Alex Gluyas, Cecile Lefort and Richard Henderson
- Opinion
- Chanticleer
Deal frenzy driven by what’s coming next
Australia’s likely record year for M&A is being driven by boards and management teams readying for a decade that looks very different to the one just gone.
- James Thomson
ASX to drop as Wall Street rebounds
Australian shares are set to fall when the market opens, despite US stocks extending their rally. Oil pared from its session highs, easing fears of inflation.
- Natasha Rudra
This Month
Deals frenzy lifts ASX to 0.3pc gain
The local market benefited from a string of corporate M&A activity, while rallying base metal prices supported miners.
- Alex Gluyas
Bitcoin price eyes record high as ETF products near launch
Flagship US securities exchanges could offer the public exchange-traded funds designed to track the bitcoin price on a synthetic basis from this Monday.
- Tom Richardson
ASX rises; Senex jumps 15pc on Posco bid
NZ CPI rises 4.9pc in Q3; Aussie bond yields soar; China GDP rises 4.9pc in Q3; Aristocrat makes $3.9b Playtech bid; HomeCo Daily Needs, Aventus agree to merger. Follow the latest here.
- Updated
- Vesna Poljak, William McInnes, Tom Richardson, Richard Henderson, Alex Gluyas and Cecile Lefort
Investors rush to hot reopening stocks as lockdowns end
Companies that suffered through the pandemic have become popular sharemarket trades as Sydney and Melbourne exit lockdowns.
- Richard Henderson
NZ inflation alarm fires up rate hike bets
New Zealand’s CPI soared to its highest level in more than a decade, and what’s happening across the Tasman puts the RBA’s forward guidance further in doubt.
- Cecile Lefort
ASX to rise in a positive start to the week
Australian shares are expected to lift as NSW and Victoria lead the way out of lockdown and markets look to continue a bumper run.
- Natasha Rudra
How to spot the ‘next CSL’ when every small cap’s an innovator
The new industrial revolution ‘is the biggest thing since James Watt looked at a steam engine and said, “I can use that”,’ Ausbil’s Tobias Bucks says.
- Alex Gluyas
Inflationary storm heats up, Chinese growth to slow
NZ’s CPI takes its annual growth rate past 4 per cent, just as Chinese GDP decelerates; December Brent futures hit $US85.10 intraday, a fresh three-year high.
- Vesna Poljak
