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    Fortescue Metals chief executive Dino Otranto.

    Iron ore producers must learn from nickel: Fortescue boss

    Australia must invest heavily in green iron or risk losing out to international competitors, chief executive Dino Otranto warns

    • 1 hr ago
    • Tom Rabe
    Sandstone escarpment and bim (rock art) on Jabiluka mineral lease.

    Jabiluka owner sues over axing of uranium mine permit

    ERA, majority-owned by Rio Tinto, lobbed the case in a bid to overturn the NT’s decision to revoke its lease to mine uranium in Kakadu.

    • 1 hr ago
    • Elouise Fowler

    Liontown pleads case for fast-tracking lithium royalty relief

    Liontown Resources boss Tony Ottaviano says governments must act sooner rather than later on fiscal policy to avoid a repeat of the nickel exodus.

    • Brad Thompson

    Pfizer invests $150m in Melbourne to fight superbugs

    The US pharma giant says the federal government must do more to ensure Australians can access new drugs designed to fight deadly superbugs.

    • Michael Smith

    Woodside punished as investors query ‘marginal’ green projects

    The oil and gas producer had almost $2.6 billion wiped off its market value as investors struggled to accept projected returns on a large US acquisition.

    • Updated
    • Angela Macdonald-Smith

    AFL’s mystery man Dustin Martin bows out in unique style

    Dustin Martin and Tom Hawkins have both called time on their glittering AFL careers, but the famously media-shy Richmond star didn’t attend his own press conference.

    • Gus McCubbing and Patrick Durkin

    Opinion & Analysis

    Why Jabiluka going to court may not be the last twist

    When the answer is suing the government, you know there are problems. The almost-broke ERA has many.

    Chanticleer

    Columnist

    Chanticleer

    Euro summer madness is making markets look extreme

    It’s easy to forget what day-to-day life looks like on the other side of the world at the moment. But it is an important part of the market sell-off story.

    Chanticleer

    Columnist

    Chanticleer

    The case for splitting ASIC

    Australia needs a dedicated financial industry conduct regulator, rather than a securities regulator that regulates everything.

    Andy Schmulow

    Contributor

    Andy Schmulow

    It wasn’t Sydney landing slots that sent Rex into a spin

    Rod Sims and other critics of government aviation policy should analyse the facts before obsessing over slot-hoarding.

    Graeme Samuel

    Former regulator

    Graeme Samuel

    Companies in the News

    ANZ Bank

    anz$27.300
     -0.47%

    Macquarie Group

    mqg$198.290
     1.29%

    Commonwealth Bank

    cba$127.690
     2.24%

    Rio Tinto

    rio$118.290
     -0.33%

    Updated: Aug 6, 2024 – 4.38pm. Data is 20 mins delayed.

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    View stories and data from an ASX listed company

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    Featured

    ‘We couldn’t believe it’: Insiders reveal how PwC unravelled as scandal broke

    The inside story of how PwC transformed from dull accountant into a sales-driven firm that would tear itself apart.

    • Edmund Tadros
    One of the investors in an NDIS housing fund run by ASR Wealth.

    Domacom fund suspended from accepting new money after NDIS closures

    Property investment platform Domacom has been blocked from raising new funds following a Financial Review probe into aggressively marketed NDIS investments.

    • Updated
    • Jonathan Shapiro
    n 2020, there was a global rush to secure masks to try to restrict the spread of COVID-19 – some of the results were far from satisfactory.

    Importers got rich on COVID masks; the shipment’s still on the dock

    When COVID-19 erupted around the world, the race was on to secure masks and gowns. Middlemen were in lucrative taxpayer deals, even one which went awry.

    • Liam Walsh and Neil Chenoweth

    More From Today

    Madeleine King has been asked to explain why she refused to extend a mining lease at Jabiluka.

    Why Jabiluka going to court may not be the last twist

    When the answer is suing the government, you know there are problems. The almost-broke ERA has many.

    • 1 hr ago
    • Anthony Macdonald
    Mineral Resources boss Chris Ellison is cutting jobs, adding to the downturn in WA employment.

    MinRes joins job cuts carnage in WA mining

    The Chris Ellison-led Mineral Resources is slashing its white-collar workforce amid iron ore mine closures and a retreat in its lithium expansion plans.

    • Brad Thompson
    Nature’s Care was Australia’s third-largest vitamins company.

    Houlihan Lokey tapped for Nature’s Care sale

    Street Talk can reveal receivers BDO Australia called in Houlihan Lokey to kick off a sale process.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    ING’s head of wholesale banking Andrew Bester is in Australia while it’s quieter in Europe.

    Euro summer madness is making markets look extreme

    It’s easy to forget what day-to-day life looks like on the other side of the world at the moment. But it is an important part of the market sell-off story.

    • Anthony Macdonald
    Leah Weckert, Anthony Albanese and Coles chairman James Graham in Kemps Creek on Tuesday.

    Coles boss banks on efficiency gains from new warehouse

    Leah Weckert says better product availability will translate to higher sales following the opening of a major distribution centre in western Sydney. 

    • Carrie LaFrenz
    Advertisement
    Tim Peel, the chief financial officer of Scape, has lowered the student-housing operator’s debt by about $8 million a year.

    How Scape saved $8m by shaking off private credit

    The student housing operator’s refinancing push has found ample support from global banks looking for alternatives to office property exposures.

    • Aaron Weinman
    Global X chief executive Evan Metcalf will step down from his role after two years at the top.

    Portfolio head exits ETF powerhouse Global X as departures mount

    Street Talk understands head of portfolio management Cliff Man is on his way out the door after more than a decade with the firm.

    • Sarah Thompson, Kanika Sood and Emma Rapaport

    Bank stocks cauterise bleeding, analysts still stumped on valuations

    Banks found a bottom on Tuesday, bouncing off steep losses. Despite the sell-off, analysts say they remain overvalued and earnings season will show why.

    • James Eyers and Lucas Baird
    ASIC chairman Joe Longo.

    The case for splitting ASIC

    Australia needs a dedicated financial industry conduct regulator, rather than a securities regulator that regulates everything.

    • Andy Schmulow
    One of the NDIS fund properties in Cobblebank, Melbourne.

    Wealth exec resigns from DomaCom board following NDIS closures

    The exit followed revelations in The Australian Financial Review that investors in properties tied to the NDIS were facing capital losses due to a failure to secure tenants.

    • Max Mason and Jonathan Shapiro
    Treasury Wine chief executive Tim Ford has decided to offload four sizeable commercial wine brands - Wolf Blass, Yellowglen, Lindeman’s and Blossom Hill - with drinkers increasingly opting for higher-quality wines.

    Treasury Wine to offload Wolf Blass, Lindeman’s, Yellowglen

    Australia’s biggest wine group will cop a $354m impairment and shop around its cheaper wine brands as part of a strategic reset for the Penfolds owner.

    • Simon Evans
    Westpac bought the RAMS Financial business in 2008 after the market lost confidence in the once sparkling company.

    Westpac shuts down RAMS Financial amid regulatory probe

    The bank said on Tuesday that it would close the RAMS business to new home loans immediately after a strategic review, ending its 33-year history as a challenger brand.

    • Lucas Baird
    St George Mining’s raising pitch centred on its M&A target’s proximity to niobium bigwig CBMM’s mines.

    Rare earths explorer St George buys Brazilian project; raise underway

    Potential investors were told the project sits in the same complex as the Brazilian giant CBMM’s assets, which control 80 per cent of the world’s niobium mineralisation.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    <p>

    Closing Eraring would have driven up power bills: research

    Electricity prices would be $55 a megawatt-hour higher if Origin were to close the coal power plant next year, the government was told.

    • Angela Macdonald-Smith
    Rooftop solar panels contributed more than 10 per cent of Australia’s total electricity generation for the first time in 2023.

    Japanese giant comes calling for Byron’s Smart Energy

    It’s a marriage between a 104-year-old product manufacturer and a fast-growing service provider.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Advertisement
    The Grand Hotel in Vanuatu

    Pacific banking diplomacy game will evolve beyond Nauru

    The government should look to provide support to Vanuatu – another “high risk” nation – as it tries to convince CBA to bank in Nauru and ward off Chinese influence.

    • Lucas Baird
    Official airline monitoring reports did mention anti-competitive behaviour by Rex or Virgin.

    It wasn’t Sydney landing slots that sent Rex into a spin

    Rod Sims and other critics of government aviation policy should analyse the facts before obsessing over slot-hoarding.

    • Graeme Samuel

    Inside the boardroom civil war that brought Rex to its knees

    Bad blood turned executives at the carrier against one another – just as its major lender was trying to sell the airline’s assets to Bain Capital.

    • Ayesha de Kretser
    Former PwC Australia acting chief executive Kristin Stubbins.

    With friends like PwC, who needs enemies?

    Kristin Stubbins does not seem assured her former employer necessarily has her best interests at heart.

    • Max Mason

    Yesterday

    Home building faces Productivity Commission probe

    The new inquiry comes amid housing industry doubts that the Albanese government will achieve its goal of 1.2 million homes to be built over the next five years.

    • John Kehoe