Business

MarketsASX slips after last tariff update

Cautious investors dragged the ASX 200 lower during Monday’s trading on the back of the latest developments from the White House as well as growing geopolitical tensions.

Cameron Micallef

(L-R) RTIO Chief Executive Simon Trott and Pinikura Traditional Owner and Chairperson of PKKP Aboriginal Corporation, Terry Drage (1)

MiningRio, PKKP lock in landmark deal five years on from Juukan

Rio Tinto and the PKKP Aboriginal Corporation have inked their own rules of engagement five years after the mining giant destroyed rockshelters at Juukan Gorge, in a turning point for corporate responsibility.

Simone Grogan

MiningSqueezed CITIC’s Sino Iron profit shrinks by two-thirds

Clive Palmer’s royalty cheque from China’s biggest mine in Australia has eclipsed the profit the mining operation generated for its owner.

Adrian Rauso

One of Queensland's biggest power generators - the Callide plant - has returned to full service. (Dave Hunt/AAP PHOTOS)

EnergyMaligned power station back online after explosions

One of a state's largest power stations is back online for the first time since April after it was forced to shut down following another explosion.

Fraser Barton

A view of the high-grade shear zone and sample sites at the historically mined Los Lirios antimony project in southern Mexico.

EV Resources to rope in up to US$6 million from Peruvian gold sale

EV Resources has sold its Yanamina gold-silver project in Peru to Canada’s Daura Gold, potentially earning up to US$6M. EV will be paid $150,000 upfront with a further $5.85M if agreed milestones are met.

Craig Nolan

Economy'Massive' increase driving smokers to the black market

Progressive increases in cigarette taxes have dented smoking rates and boosted government coffers, but a surging black market is prompting calls for a rethink.

Jack Gramenz

Fresh data from Cotality on Monday showed national home values had lifted 1.7 per cent in the five months to May. Sydney’s median value passed $1.2m.

EconomyRate relief tipped to further heat housing market

Economists have upped their forecasts for Aussie house prices this year amid growing optimism that the Reserve Bank will cut interest rates further.

Matt Mckenzie

NEWSTikTok’s ad push as app ban looms

As the under-16 social media ban looms, one of the tech giants is spending big on advertising the virtues of its app.

Blair Jackson

It has been a challenging re-launch for Toys R Us as it faces stiff competition from bigger rivals like Kmart, Amazon, Shein and Temu.

RetailToys R Us posts modest sales amid recapitalisation plans

Toys R Us, once one of the nation’s biggest children’s clothing and toy stores, has posted a modest lift in quarterly sales amid plans to recapitalise the business.

Cheyanne Enciso

The new Xcite time-domain electromagnetic survey system used by Infini Resources across its recently acquired Boulding Lake and Reynolds Lake projects in the Athabasca Basin in Saskatchewan, Canada.

Infini ratchets up exploration across Canadian uranium projects

Infini Resources has ratcheted up exploration of its Canadian uranium projects after completing electromagnetic surveys across two recent acquisitions. Infini is now set to test major targets at Portland Creek.

Craig Nolan

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Mergers and Acquisitions
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Long-time partners Brickworks, Soul Patts tie knot for $14b

Investment house Washington H. Soul Pattinson has secured a $14 billion deal to snap up diversified industrial group. Brickworks.

Daniel Newell

NEWSHistoric deal following sacred site destruction

An Australian mining giant has inked a deal with traditional owners after the 2020 destruction of historic and sacred land.

Blair Jackson

The cost of dairy products are expected to surge, after extreme weather events impact farmers. NCA

FOODPrice of common Aussie staples to soar

The price of two staple grocery items are set to soar as farmers face extreme weather hardships – and the whole eastern Aussie seaboard could feel the squeeze.

Georgie Kibel

NEWS‘Too lazy’: Labor blasted over ‘rigged’ system

Many Australians voted Labor in on their student loan promises – but some have since seen their debt go up.

Summer Liu

Mergers and AcquisitionsEscalante wins backing to buy out VGW minors

Perth entrepreneur Laurence Escalante has won support for a sweetened offer to substantially increase his 70 per cent stake in online casino giant Virtual Gaming Worlds.

Neale Prior

Local Government Minister Hannah Beazley.

MiningMinister mulls veto on council’s mega mining rate hike

A regional council’s controversial decision to slug mining companies with a 98 per cent rate increase has caught the attention of the Local Government Minister.

Adrian Rauso

Australian shares are in the red after US President Donald Trump threatened to hike steel tariffs. (Joel Carrett/AAP PHOTOS)

MarketsAustralian shares slip as geopolitical tensions rise

The Australian share market has started the month lower as an escalation in trade tensions and global conflicts prompts investors to take profits.

Adrian Black

Australians are being urged to remain vigilant for cyber attacks. NewsWire / Morgan Sette

BANKING‘Days limited’: Bank’s huge security call

One of Australia’s largest lenders has sounded the alarm on a common security measure widely used by the banking sector – saying it may not be as secure as people think.

Cameron Micallef

Asian share markets have made a wary start in early trade. (AP PHOTO)

MarketsAsia share markets, dollar wary on tariff news

Japan's Nikkei has fallen and the S&P 500 futures has eased as markets wait to see if Donald Trump goes ahead with a 50 per cent tariff on steel.

Wayne Cole

Coles has launched a winter price discunts campaign

RetailSTORE WARS! Coles takes fight to Woolies with winter savings

Coles is taking the fight for shoppers’ stretched budgets back to rival Woolworths with a new winter savings campaign that looks set to escalate the supermarket store wars.

Daniel Newell

A funding boost will prevent more trauma for victim-survivors and help keep alleged abusers in jail. (Jono Searle/AAP PHOTOS)

BusinessJails funded as DV services stretched to breaking point

A $500 million spend after "years of neglect" will help victim-survivors of domestic violence but the sector says costs are still not being covered

Jack Gramenz

Investors "don't know how to react" to Donald Trump's erratic tariff news at this point. (AP PHOTO)

MarketsS&P 500 ends near flat but posts big monthly pct gain

Trump comments on China keep market trading choppy; Dow up 0.1 per cent, S&P 500 down 0.01 per cent; Nasdaq down 0.3 per cent.

Caroline Valetkevitch

Aerial shot of highway connecting to Perth CBD.

PropertyPerth property surpasses Melbourne for first time in decade

Perth is now the fifth most expensive city of every State and Territory in Australia after entering the COVID period as the cheapest capital in the country.

Kim Macdonald

The real question here is why the trustees of our super funds aren’t being asked the tough questions.

Your Money$14b in annual super fees? Time for trustees to come clean

There’s a certain irony in the fact that at a time when AMP trustees are being sued for overcharging, another super fund’s trustees have lowered the fees they charge members.

Nick Bruining

Business

MarketsASX slips after last tariff update

MiningCommentsPremiumRio, PKKP lock in landmark deal five years on from Juukan

MiningCommentsPremiumSqueezed CITIC’s Sino Iron profit shrinks by two-thirds

EnergyPremiumMaligned power station back online after explosions