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Mining
$3.8m brawl: The fraudster, the mining prospector and the fight over gold
Anton Billis was once so close to his friend, convicted fraudster Michael Giovinazzo, he was the best man at his wedding. But their 25-year friendship is now in tatters, and is being pored over in the Victorian Supreme Court.
- by Sumeyya Ilanbey
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World markets
Rate hike fears hit ASX, ResMed shares slump
The Australian sharemarket fell as investors sold energy and healthcare stocks over fresh fears figures to be released this week may show an uptick in inflation.Â
- by Sumeyya Ilanbey
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World markets
ASX closes flat with energy the key standout
The Australian sharemarket dipped in late trade to close slightly lower as investors wound back their bets on interest rate cuts after the central bank’s decision on Tuesday to keep the cash rate on hold.
- by Sumeyya Ilanbey and Millie Muroi
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Gas
Major financial institutions cut ties with Santos’ Barossa gas project
An international bank and a foreign investor are ending advice and loans, prompting calls for local banks to follow suit.
- by Sumeyya Ilanbey
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World markets
ASX rises as Wall Street gets inflation boost; Sigma slumps
The Australian sharemarket advanced, powered by interest-rate-sensitive tech stocks and real estate investment trusts after Wall Street hit new records overnight.
- by Sumeyya Ilanbey
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World markets
ASX slumps as mining heavyweights, big four banks decline
The Australian sharemarket slumped in the first day of trading after the King’s Birthday long weekend, erasing a good portion of last week’s 2 per cent gain, amid investor concerns over the direction of US interest rates.Â
- by Sumeyya Ilanbey
Canada, Europe cut rates. Can Australia follow with monetary policy easing?
The path between taming inflation and avoiding a recession is narrow and getting narrower.Â
- by Sumeyya Ilanbey
Nine board chairman Peter Costello quits
The former treasurer stepped down as chairman of Nine Entertainment Co days after allegations he shoved a reporter at Canberra Airport.
- by Calum Jaspan and Sumeyya Ilanbey
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Shares
Tech stocks boost ASX after ‘Magnificent Seven’ drive US stocks to record highs
The technology sector gave the Australian sharemarket a boost after the world’s largest technology companies drove US stocks to record highs on Wall Street.
- by Sumeyya Ilanbey and Millie Muroi
Updated
Sharemarket
ASX rises as GDP growth slumps; Treasury Wines rallies, miners fall
The Australian sharemarket held on to its gains after the latest GDP data showed the Australian economy barely grew in the first quarter, adding weight to the argument that no further Reserve Bank interest-rate hikes are required.
- by Sumeyya Ilanbey
$14b super fund misled investors by greenwashing, court finds
Active Super deceived investors when it claimed it had restricted members’ exposure to gambling, coal and Russian companies, the Federal Court ruled.
- by Sumeyya Ilanbey