While corporate Australia is hogging the headlines with results season, an almighty fight is taking place in the shadows between the Reserve Bank and bond traders.
An affirmation by US Fed Chair Jerome Powell that interest rates would stay low for some time led to rises in global stocks.
Hideyuki Sano and Echo Wang
John Klepec’s appointment was announced as the former caravan-maker announced a 40 per cent jump in half-year profit.
The miner and its Pilbara iron ore rivals are riding an unexpectedly strong price rally that has fattened profits and dividends.
Investors on the ASX have enjoyed gains, particularly from mining and energy companies, which flourished most.
State and Federal building grants have enabled residential developer Peet to record a strong half-year and double profit.
The payday lender and pawn chain was hurt hard during COVID-19 by store closures and slumping demand for its loans.
Flight Centre has swung to a half-year net loss of $233.5 million on the back of “unprecedented” travel restrictions, but the company says its fortunes are slowly turning around.
Danielle Le Messurier
Shares in Sandfire Resources have surged to a 52-week high on bullish talk by the company’s managing director Karl Simich on copper prices.
Iluka Resources has posted a 46 per cent drop in full-year underlying profit after demand and sales of its products were hit by the pandemic and a dispute with a major customer.
Qantas has laid out an ambitious plan to resume flights to most international destinations from late October.
Australia Post has announced a more than 15 per cent increase in first half revenue to $4.3 billion.
The Texas oil giant is selling most of its drilling and exploration assets off the coast of the UK in the North Sea for more than $US1 billion ($1.26b).
A freeze on international travel and snap State border closures have combined to send Qantas into a $6.9 billion revenue tailspin — the worst downturn in a six-month period in its 100-year history.
US Fed chair Jerome Powell's comments have calmed inflation worries on Wall Street, with all three main indices closing higher.
Optimism about the economy and the surge in bond yields are having mixed effects on the Australian sharemarket.
Shares have closed lower on the ASX but an investment guru warned investors could have had much greater losses.
APA and Western Gas are looking at a proposal to sell gas from the Equus field to east coast customers.
Sydney Airport's boss is hopeful the aviation industry can recover this year after the airport posted a full-year loss of $107.5 million.
The fashion retailer behind Katies and other well-known brands has shut dozens more stores, surviving its toughest ever trading period with big help from JobKeeper.
Rebecca Le May
Trade statistics show that exporters with limited market dominance are already impacted by the eroding competitiveness.
Nine has resumed talks for Facebook and Google to pay for news stories, as the network spruiked a 79 per cent improvement in first-half earnings to investors.
Medibank Private chief executive Craig Drummond will retire on June 30 after almost five years at the helm the insurer.
The Australian plus size women’s fashion label has been urged to return millions in JobKeeper assistance after reporting a massive jump in profits.
© West Australian Newspapers Limited 2020