Business
Markets
ASX jumps as inflation data soothes rate fears
Investors responded positively to the latest quarterly inflation figures, taking the local market back above 8000 points.
- by Penry Buckley
Latest
China’s richest man risks losing crown after $20 billion wipeout
Besieged by a price war in China’s bottled water market, Zhong Shanshan’s company has found itself on the wrong side of the country’s increasingly nationalistic consumers.
- by Bloomberg News
Updated
Shares
ASX stumbles as Fortescue and BHP weigh down benchmark index
The Australian sharemarket managed to trim its losses after a poor start to the day but still ended in the red, with iron ore miner Fortescue’s shares copping a severe beating.
- by Staff reporter
Weaker profits on the cards with miners to feel the heat
The upcoming reporting season will offer plenty of downgrades, with investors likely to punish earnings misses rather than reward better than expected numbers.
- by Staff reporter
ASX starts week on a high with inflation the key focus
With the future trajectory of interest rates a key area of focus for investors, the latest economic data in the US has buoyed sentiment that inflation is tracking in the right direction.
- by Staff reporters
Opinion
Investing
Why our federal MPs need stricter rules on trading shares
With the US moving to ban politicians and their spouses from trading shares, Australia should trump them and go further.
- by Will Bennett
Updated
World markets
ASX closes in the green as miners post healthy gains
The Australian sharemarket has managed to close out the week on a high with mining stocks doing the heavy lifting, as iron ore heavyweights - Rio Tinto, BHP and Fortescue - enjoyed solid sessions.
- by Staff reporters
Opinion
Trade wars
China’s trade policy is almost a declaration of economic war
Forget free trade: Beijing aims to demolish its rivals and achieve monopolistic hegemony across entire industries, seeing trade as ideological warfare against democracies.
- by Ambrose Evans-Pritchard
Updated
World markets
ASX hits two-week low after Wall Street suffers worst day since 2022
The Australian sharemarket posted a poor session, with investors bailing on the local tech sector, Macquarie and Fortescue.
- by Sumeyya Ilanbey and Millie Muroi
Opinion
World markets
$1.1 trillion wipeout: Wall Street just got hit with a reality check
Wall Street has been riding an AI wave, but it just recorded its worst day since 2022 after investors were spooked by results from two of the world’s biggest companies.
- by Stephen Bartholomeusz
Opinion
US Votes 2024
Trump trades: Markets are betting against Europe, oil and humanity
How would one have “priced” global markets in 1912 or 1937, when the writing already was on the wall, but nothing was predetermined, and one could still hope? Worth pondering.
- by Ambrose Evans-Pritchard