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World markets
ASX hits record high; CBA eclipses BHP as Australia’s biggest company
The Australian sharemarket climbed to a record high after four out of every five stocks that comprise the benchmark S&P 500 Index advanced on Wall Street overnight.
- by Millie Muroi
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Updated
Insolvency
Online bookseller Booktopia enters voluntary administration; Dymocks circles
The embattled retailer has appointed voluntary administrators after several months of trying to secure funding.
- by Jessica Yun
Updated
Sharemarket
Utilities and energy firms lift ASX; Kathmandu drops
The Australian sharemarket staged a major turnaround in the latter half of the trading session to finish on a high, after Wall Street equities backed away from recent records.
- by Millie Muroi
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Bulls N' Bears
“Best hits yet”: Jupiter keeps producing for Venture
Venture Minerals’ Jupiter rare earths discovery has produced its best intersection to date – a whopping 58m at 2723ppm total rare earth oxides – at the site 80km south-west of Mount Magnet in WA’s Mid West.
- by Doug Bright
Tabcorp fined after failing to stop teen from punting 30 times
The ASX-listed wagering giant will pay $370,000 to the Victorian regulator – just over half the maximum penalty.
- by Amelia McGuire
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Bulls N' Bears
Lincoln study to fuel SA graphite production bid
Lincoln Minerals has launched a mine-to-battery scoping study in a first step towards becoming a producer of purified spherical graphite using renewable power.
- by Andrew Duffy
Craig Hutchison’s sports empire offered $40m to sell Perth Wildcats
Sports Entertainment Group is considering an offer for its NBL club Perth Wildcats, as an August deadline looms for the group’s multimillion-dollar debt repayment.
- by Roy Ward
Opinion
Sharemarket
Wall Street is changing its trade clocks. Here’s how it could cost you
The US and three other countries are halving the time for settling deals from two days to one. That will increase costs, and make it harder for international investors to buy into the world’s largest economy.
- by Stephen Bartholomeusz
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Thai lithium pegmatite swarm grows for Pan Asia
Fieldwork at Pan Asia Metals’ KT East lithium prospect in Southern Thailand has revealed a pegmatite swarm measuring 2.4km by 2.4km.
- by Andrew Duffy
Federal Court dismisses disclosure class actions against CBA
The judge found even though Commonwealth Bank was aware of problems before AUSTRAC’s 2017 case, it had not breached continuous disclosure obligations.
- by Clancy Yeates
Who takes over Tritium, the titan house of EV charger manufacturing in Australia?
Tritium was viewed as a national success story and its collapse leaves a significant gap: “Who’s going to fill that space when we’re trying to build the charging network?”
- by Sumeyya Ilanbey