US stocks closed higher as cooling inflation raises hopes the Fed will be more conservative with interest rates when it meets next month.
Herbert Lash and Bansari Mayur Kamdar
After two years of being squeezed by COVID, the boss of WA-based craft brewer Good Drinks Australia says the hospitality industry finally has some “clear air”.
Danielle Le Messurier
The boss of besieged online retailer Adore Beauty is out and headed for an ASX-listed education company after the company’s share price has tumbled nearly two-thirds this year.
Adrian Lowe
Shares in Meeka Metals jumped after the explorer announced a new discovery at its Murchison gold project, which includes the shuttered Andy Well mine.
Stuart McKinnon
Shares in St Barbara slid more than 11 per cent after the mid-tier gold miner disappointed the market by issuing weaker than expected annual production guidance.
The corporate regulator will continue its pursuit of former Australian Mines boss Benjamin Bell over alleged breaches of continuous disclosure rules despite settling with the company over the same matter.
A recession in Australia can be avoided despite the US, UK and European forecasts but the boss of the country’s biggest bank has warned of risks from wage rises to match soaring inflation.
The ASX finished the day down 0.5 per cent ahead of another US inflation readout that'll be key to determining how quickly interest rates rise in America.
Derek Rose
European and Asian shares have fallen while major currencies remain steady as investors await the latest US report on the consumer price index.
Sam Byford and Lawrence White
Elon Musk has sold $US6.9 billion of shares in Tesla, according to new US regulatory filings, the first time he has sold stock in the carmaker since dropping his bid to buy Twitter.
Peter Vercoe
Australia’s transition to net zero emissions will require a mining boom-like investment commitment by 2050 to help global economies keep a lid on climate change, the nation’s biggest lender predicts.
Daniel Newell
US stocks fell as investors remained cautious about potential rate rises amid a sell-off in megacap tech growth shares.
Staff Writers
Analysts from JP Morgan believe the mining giant should have acted two years ago when the target’s shares were half of today’s levels.
Sean Smith
Shares in Tim Goyder’s DevEx Resources have enjoyed a stratospheric rise after the explorer reported early success at its Nabarlek project in the Northern Territory.
The local share market has closed modestly higher despite weakness in the financial sector and losses by the big three iron ore giants
Euro STOXX 600 down 0.6 per cent; Dollar hangs just off recent highs; US CPI data due ; Oil turns positive.
Tom Wilson
National Australia Bank’s Ross McEwan says Australian households and businesses are well-positioned with healthy balance sheets to weather the twin storms of higher inflation and soaring interest rates.
The State Government is investigating the feasibility of a new shipping service between the east coast and Perth to avoid the supply chain chaos that left WA supermarkets bare earlier this year.
Peter Law
US stocks closed mostly flat on renewed investor fears the Fed Reserve will crack down on inflation.
TNG has hit back against a group of disgruntled shareholders who have called for the removal of long-serving managing director Paul Burton and chairman John Elkington from the board.
Sheffield Resources is on the verge of a final investment decision on its long-delayed Thunderbird mineral sands project in the Kimberley after securing a $US110 million project financing agreement with Orion.
BHP dumped its West Musgrave nickel in remote WA in 2014. Now the project is front and centre of the mining giant's push into ‘forward facing’ minerals.
Beach Energy has agreed on financial terms with oil and gas giant BP for the supply of LNG from its Waitsia joint venture gas project near Dongara.
The strength of Australia's commodities sector has helped propel the ASX to a fresh two-month high, even if the day's gains were a modest five points.
© West Australian Newspapers Limited 2022
