Miriam Steffens is Associate Digital Editor, Business for The Sydney Morning Herald, The Age, Brisbane Times and WAtoday.
The losses came after falls on Wall Street and other markets around the world, as oil prices leaped even higher on worries about the widening war with Iran.
Billionaire Kerry Stokes’ business conglomerate and its bidding partner Steel Dynamics are likely to make another bid for Bluescope, analysts predict.
Billionaire Kerry Stokes’ business conglomerate SGH Limited has linked up with US steelmaker Steel Dynamics to take over and then split up Australia’s biggest steelmaker.
The Australian sharemarket posted its biggest jump in five years on Thursday after Wall Street had its third-best day since World War II following Donald Trump’s stunning tariffs reversal.
Australia’s largest discount variety retailer could soon be in Canadian hands.
The sharemarket accelerated its sell-down on Wednesday after Donald Trump ruled out exempting Australia from 25 per cent tariffs on aluminium and steel.
Miners and energy stocks pushed the Australian sharemarket into the green in the first trading day of the year even after Wall Street ended the year on a sombre note.
The Australian sharemarket edged higher on Tuesday, buoyed by stronger commodity prices and a global wave of investor bets that the US Federal Reserve is close to cutting interest rates.
PwC Australia’s government business will become a new company called Scyne Advisory, having been offloaded to private equity firm Allegro Funds in a $1 fire sale.
Cum-Ex trading, which involved dozen of global banks including Macquarie Bank, was illegal and can be punished as crimes, Germany’s top criminal court ruled.