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Thursday, 30 November 2023

Business

Make-good ordersPremiumSafety watchdog’s fire, explosion risk flag on WA drill rig

The offshore regulator has issued a safety warning to a drill rig operating off WA’s coast following concerns ageing equipment posed a fire or explosion risk.

Matt Mckenzie

Feeling the squeezeCommentsChinese bears position for a lithium price plunge

The swift and brutal decline in lithium prices may still have room to run as bearish bets mount on the Chinese futures market that trades the battery metal.

Alfred Cang and Annie Lee

NewsFresh blow in Aussie housing crisis

High interest rates, soaring material costs and an insolvency crisis in the building industry have delivered a fresh blow in Australia’s housing crisis.

Jack Quail

Revenue leap for Optiscan as cancer fight continues

A money trail is forming behind Optiscan Imaging’s technology-based mission to tackle the scourge of cancer, with revenue starting to stream into the company’s coffers from the lucrative Chinese health sector.

Doug Bright

Sponsored

MarketsPremiumAsia stocks closing in on strongest month since January

The MSCI Asia-ex-Japan stocks index is up 6.7 per cent so far this month, setting it on course to mark the best month since January.

Kane Wu

Latin hits more Brazilian lithium as resource upgrade looms

Latin Resources has recorded a swag of impressive new results from expansion drilling at the Colina deposit that forms part of its Salinas lithium project in Brazil, with a resource upgrade set for next month.

Michael Philipps

Sponsored

Loyalty bonus CommentsPremiumQantas extends frequent flyer program to Accent group

Qantas has struck a new deal with major shoe and aparral retailer Accent Group, which will allow shoppers to accrue loyalty points when purchasing footwear. 

Gerard Cockburn

newsPremiumNetball set to be stripped of $18m in fresh blow

The future of a Morrison-era pledge to inject millions into netball has been put in limbo after concerns were raised about Netball Australia’s priorities.

Courtney Gould

Costs biteBetter month for home approvals but new building soft

The outlook for new home building is looking lacklustre as delays, high costs and interest rate hikes make it difficult to get new projects off the ground.

Poppy Johnston

No goCommentsPremiumNorthern Minerals rules Chinese-linked spill bid ‘invalid’

The Yuxiao Fund wanted to open the rare earths hopeful’s books and dump executive chairman Nicholas Curtis.

Sean Smith

BusinessPremiumHuge move for popular pie company

An Aussie award winning pie company has been sold to a major food and beverage group for $10 million.

Aisling Brennan

MarketsAussie shares set to finish November up 3.7 per cent

The ASX200 was down 0.1 per cent at midday as choppy trading continues but November is on track to be index's second-best month of the year.

Derek Rose

‘Extremely sorry’PremiumSandfire admits to Aboriginal heritage destruction

Sandfire Resources’ boss says he’s ‘extremely sorry’ after the copper miner destroyed Aboriginal artefacts several times near Meekatharra more than five years ago, without reporting it to the government.

Adrian Rauso

‘POSITIVE CONTRIBUTION’Meat and Livestock Australia top boss Jason Strong resigns

Meat and Livestock Australia is looking for a new managing director as Jason Strong prepares to step down next month after five years in the role.

Adam Poulsen

Big getCommentsPremiumGoyder’s Liontown taps Wells in boardroom coup

Lithium hopeful Liontown Resources has nabbed the services of a former lieutenant of Andrew Forrest’s iron ore empire.

Daniel Newell

UpdatedPremiumMajor bank to close multiple branches

One of the country’s big four banks has confirmed five branches will be closed for good in early 2024.

Aisling Brennan

Knocked backCommentsPremiumNo deal: Origin rejects Plan B but vote to go ahead

Origin Energy has told shareholders not to back a revised $20 billion takeover offer by a North American consortium, which is eyeing off the east coast energy giant. 

Gerard Cockburn

Heated interviewPremium‘Go f*** yourself’: Musk lets fly as advertisers flee over antisemitism

Billionaire Elon Musk has unleashed profanity on advertisers who have recently fled his social media site X over antisemitic content.

Sheila Dang

CNBCCommentsAustralia still walking a tight rope on trade with China

Australia’s relationship with China remains fractious even as the country seeks to mend ties with its largest trading partner.

Clement Tan

Policy debateGold creeps closer to all-time high on Fed cut bets

Gold was moving closer to its all-time high as investors sped up bets the Federal Reserve will start cutting interest rates in the US next year. 

Yvonne Yue Li

newsSign borrowers won’t be spared rate rise

Despite latest figures showing a fall in inflation, borrowers are being told not to get “too carried away” about the effect it will have on rates.

Ellen Ransley

Ominous warningCommentsPremiumFuture of GST a ‘live conversation’ as pledge swells to $34b

Treasurer Jim Chalmers says there is a ‘live conversation’ about the future of GST top-up payments as States ramp up pressure on the Federal Government to make them permanent.

Dan Jervis-Bardy

‘A terrible Bill’ CommentsPremiumRio Tinto slams IR Bill after it passes major hurdle

Rio Tinto’s iron ore boss Simon Trott has slammed Labor’s controversial industrial relations laws shakeup, arguing last minute amendments have still left a raft of questions still unanswered. 

Gerard Cockburn and Dan Jervis-Bardy

NEWS‘Robbery’: Macca’s raises price of fan fave

Furious McDonald’s fans have expressed their outrage after the fast food outlet raised the price of a beloved item by a whopping 44 per cent.

Eli Green

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