Miners send ASX lower despite Wall Street rally; Xero soars

The Sydney Morning Herald - Nov 12, 2026

The Australian sharemarket is lower in early trade, with mining shares leading the losses while software maker Xero pulled the tech sector higher with its announcement of a $1 billion share buyback.

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Orbit kicks off partner-funded NSW copper-gold drilling

Nov 11, 2026

Orbit kicks off partner-funded NSW copper-gold drilling

Orbit Resources has started partner-funded drilling at its Goodrich copper-gold project in NSW, targeting extensions to a previous porphyry discovery that hit 136.55m of mineralisation.

Trump’s Fed nightmare: Rates won’t be slashed. They could surge now

Nov 11, 2026

Trump’s Fed nightmare: Rates won’t be slashed. They could surge now

The US president’s demands for falling interest rates are going to be ignored when the Federal Reserve responds to last month’s hotter-than-expected inflation rate.

Larvotto extends NSW high-grade gold-antimony system at Hillgrove

Nov 11, 2026

Larvotto extends NSW high-grade gold-antimony system at Hillgrove

Larvotto Resources has hit high-grade gold-antimony up to 9.61g/t gold equivalent at the Freehold prospect in its NSW Hillgrove project, doubling the mineralised strike to 700m.

Qantas using AI as ‘Trojan horse’ for lay-offs, says union

Nov 11, 2026

Qantas using AI as ‘Trojan horse’ for lay-offs, says union

Citing the impact of AI, the airline will send 850 back-office jobs, “mostly” to India, through professional services firm Accenture.

Locksley locks onto 10km copper trend in NSW land grab

Nov 11, 2026

Locksley locks onto 10km copper trend in NSW land grab

Locksley Resources has grown its NSW copper-gold footprint to 1,000sq km after securing a new licence hosting an undrilled 10km geological structure on the prospective Tritton Trend.

Peruvian copper muscle drives US$50M earnings bonanza for Rio2

Nov 11, 2026

Peruvian copper muscle drives US$50M earnings bonanza for Rio2

TSX-listed Rio2 Ltd banked US$115M in quarterly revenue and US$50M in EBITDA as its Peruvian copper mine delivered and its weather-affected Chilean gold continued to ramp up in Chile.

Macquarie admits ‘bonus’ savings rate failure, agrees to pay $14 million

Nov 11, 2026

Macquarie admits ‘bonus’ savings rate failure, agrees to pay $14 million

The corporate regulator said customers should not have to scrutinise every transaction and that Macquarie had failed to prevent confusion to customers.

I can tell you why Qantas sent 850 jobs to India in just two words

Nov 11, 2026

I can tell you why Qantas sent 850 jobs to India in just two words

When bonuses are tied to profits, company leaders make short-term decisions that benefit themselves.

CBA’s late mortgage payments tick up as interest rate rises bite

Nov 11, 2026

CBA’s late mortgage payments tick up as interest rate rises bite

Data from the Commonwealth Bank of Australia attributed the small increase in the number of people struggling to inflation and rising interest rates.

Capability X takes AI brains to the industrial jungle

Nov 11, 2026

Capability X takes AI brains to the industrial jungle

Perth AI developer Capability X is heading to the ASX with $12 million in the bank and multiple devices deployed, using technology to target industrial safety and automation.

The midterm message to Trump and Albanese: Fix the economy to keep your job

Nov 10, 2026

The midterm message to Trump and Albanese: Fix the economy to keep your job

What can governments do about cost of living? Nothing that is quick or painless.

Stressed and out of pocket: David Jones’ great-great-great grandson is owed money, too

Nov 10, 2026

Stressed and out of pocket: David Jones’ great-great-great grandson is owed money, too

Ben Nothling, a sixth-generation descendant of the Welsh entrepreneur David Jones, owns a shoe business. He’s owed $130,000 by the collapsed retailer.

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