Recent News
Aguia revenue triples as twin South American projects fire
Aguia Resources has posted a more than threefold increase in quarterly revenue to $639,000, signalling a turnaround as its South American gold and phosphate projects begin to deliver cash flow.
Westpac expects 11 per cent house price fall, posts $6.8 billion profit
The nation’s second-biggest lender expects interest rates to remain “elevated” and for property prices to continue tumbling.
Rip Curl’s owner in takeover talks with US retail giant
The owner of surfwear staple Rip Curl and outdoor adventure brand Kathmandu is in talks about a possible deal, it revealed on Monday.
King River lights up new gold targets at WA Murchison project
Soil sampling at King River Resources’ Mindoolah gold project in WA’s Murchison has returned a high-grade 231.8ppb gold result, with drilling now underway on the new targets.
KPMG set to slash hundreds more jobs before Christmas
The latest round of job cuts will take place within weeks with payouts worth far less than the millions paid to former executives who resigned following a scandal.
Wall Street on edge after $1.4 trillion wipeout
For years, Wall Street has been happy to write blank cheques for some of the biggest companies in the world. But investors are now starting to get nervous.
ASX slides lower, banks jump; Rip Curl owner in takeover talks with US giant
The Australian sharemarket has started the week in negative territory with technology stocks weaker on the back of a Wall Street sell-off while financial stocks are higher ahead of the Reserve Bank’s interest rates call on Tuesday.
The $315b debt binge that’s driving up the cost of borrowing
The AI craze is not only threatening to wipe out jobs and inflate a sharemarket bubble. It’s also costing governments more when they borrow.
Super funds slammed for ‘blaming customers for complaints’
Complaints have surged in the multitrillion dollar super sector, but the watchdog says fund trustees are too readily blaming issues on members.
It is the RBA’s job to fight inflation, but governments must do more to help
The RBA and Australian governments are pulling in opposite directions. No wonder inflation pressures persist.
Australia’s newest airport wants more flights as airlines cut back capacity
Qatar Airways, which has committed to Western Sydney International, has reduced the number of passengers it flies daily around the world by about 25,000 since the US-Israel-Iran War erupted.
Inside the scramble to contain the largest crypto heist in history
From New York to Abu Dhabi and Kyiv, security researchers and Binance executives rushed to trace the stolen money after a hack that has shocked the crypto world.
‘Thanks for raiding us’: Inside the crackdown on underquoting
As the NSW government ramps up fines for underquoting and brings in new pricing transparency rules for agents, we spend a day with those enforcing the rules.
David Jones hosted Queen Elizabeth II and Dior – but nostalgia won’t save it
On the brink of financial collapse, the 188-year-old institution has a legacy worth saving – but no one seems to believe it can ever return to its former glory.
Trump the lame duck would be a relief for the world
There is no shortage of reasons to worry about the global economy. And yet there is at least one piece of good news on the horizon.
‘Biggest hack in history’: Crypto giant freezes assets after $8.9b heist
Binance says a security breach had resulted in an estimated $8.9 billion impact. Analysts said it could amount to the biggest crypto heist ever.
Big Hits: New Murchison Gold, Elk Range Mining and WhiteRock Lithium
Big Hits looks at notable drill intercepts reported to the ASX this week, led by New Murchison Gold in WA, with runners-up Elk Range Mining in Idaho and WhiteRock Lithium in Quebec.
ASX Runners of the Week: NGX Limited, RBR Group and Eden Innovations
This week’s Bulls N’ Bears ASX Runner of the Week is… NGX Limited, soaring 92.9% on deals for seven Namibian gold licences covering more than 1300 square kilometres.
Billions wiped off Coles as it loses ground to Woolworths
Coles shares have plunged after a profit warning, amid signs of stiff competition with arch-rival Woolworths.
Raiz funds swell to $2.4b riding young investor wave
Raiz Invest’s funds under management grew 20.2 per cent to $2.4 billion in the September quarter, as younger investors drove customer growth and $69 million flowed onto its platform.
Annie Cannon-Brookes’ paddock-to-plate precinct under investigation
The billionaire’s regenerative farm and hospitality venture in the Southern Highlands is facing questions from council over its development approval.
ASX finishes the week higher as bank shares improve
The Australian sharemarket ended the week higher, after three of the big four banks gained on Friday.
Our OH&S officer is on a power trip. How do we make them stop?
I can see how frustrating, and sometimes offensive, this person’s behaviour is. But there might be a hidden reason for it.
Coles sacked a worker for grabbing a shoplifter. As a lawyer, here’s why it was the right call
When I worked at a suburban Woolworths I saw outrageous theft. The store managers would tackle thieves to the ground in the car park.
‘Just try me’: The text messages that sparked News24’s on-air clash
New text messages between One Nation’s James Ashby and News24’s Andrew Clennell reveal some of the power dynamics playing out in Canberra.
I jumped into a driverless car in the US. Here’s how they could hit Australia
Trips in a Waymo tend to cost more than Uber rides and are likely to put drivers out of jobs. So, what are the benefits, and do we want these cars on our roads?
Sydney’s classic Roseville Cinema will stay open and independent after $8m sale
The brothers behind Queensland-based picture theatre business Five Star Cinemas purchased the historic venue.
One of Melbourne’s most lucrative pokie pubs has a $60m plus price tag
The Bundoora Hotel’s 96 gaming machines swallowed $26.22 million from punters last financial year.
The oil market should brace for a forever stalemate in Iran
The oil market sees the future of the war in the Middle East as binary. Either Iran or the US reach a deal or they head into a worsening conflict. There is, however, a third path - and it’s not pretty.
ASX rises after Fed keeps rates on hold; Star shares jump, retailers slump
The Australian sharemarket had a strong session on the back of a positive lead from Wall Street after the Federal Reserve kept interest rates on hold.
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