Business
Markets
Updated
World markets
ASX dips as tech falls counter buoyant energy stocks
The Australian sharemarket has slipped into the red despite a bounce in energy stocks as the technology sector comes under pressure.
- by Lachlan Abbott
Latest
The insider trader out of jail and on the hunt for his next big deal
In the spartan offices of his small private investment firm, Raj Rajaratnam, former inmate 62785-054, is searching for his next big trade.
- by Bob Van Voris
Updated
World markets
The Wrap: ASX posts best day in three weeks thanks to tech rally
The Australian sharemarket has started the week on the front foot, climbing by 1.2 per cent thanks to resources and tech stocks.
- by Lachlan Abbott
The Wrap: Sluggish China GDP weighs on the ASX
The ASX snapped a three-day run of gains as shares in local miners plunged on surprisingly weak data out of China.
- by Angus Dalton
Crypto trading volumes tumble to two-year low
Cryptocurrency trading volumes have plummeted amid a dreadful first half of the year for the industry.
- by Enrique Roces
The Wrap: ASX rises as higher commodity prices lifts mining giants
The local sharemarket gained 0.4 per cent following a lacklustre start to trading, with market heavyweights BHP, Fortescue and Rio Tinto all up between 2 and 2.4 per cent
- by Angus Dalton
Crypto lender Celsius files for bankruptcy after cash crunch
One of the largest cryptocurrency lenders in the world has sought bankruptcy protections after suddenly stopping withdrawals last month amid the market rout.
- by Olga Kharif and Joanna Ossinger
Opinion
Cryptocurrencies
Crypto crash: An anatomy of a postmodern pyramid scheme materialises
The industry lured investors in with its technobabble, used some of that cash flow to buy the illusion of respectability, which brought in even more investors. And for a while, it became, in effect, too big to regulate.
- by Paul Krugman
Opinion
Currencies
The soaring US dollar raises the prospect of an unusual currency war
The Federal Reserve Board’s likely aggressive response to America’s searing inflation rate will further boost the US dollar and step up the pressure on other central banks to respond.
- by Stephen Bartholomeusz
ASIC action forces trading house spruiked by Steve Smith to close
Trade360 owner Sirius Financial is accused of enlisting an offshore call centre to flog its high-risk products that led to significant harm, including one customer losing $400,000.
- by Sarah Danckert
Euro falls to equal US dollar for first time in 20 years
The one-to-one exchange rate is a sight unseen since December 2002, in the early years of the European currency’s existence.
- by Eshe Nelson