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Live: Nvidia slides for third-straight session and takes the Nasdaq with it, as Dow hits one-month high
via abc.net.au
Chipmaker Nvidia has seen a drop in its share price for a third session in a row on Wall Street, sending the Nasdaq lower. Meanwhile, the S&P 500 also fell and Dow Jones hit its highest level in a month. Follow live.
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Live: KFC's parent company sees net profit surge by more than 500 per cent, Australian shares rise
via abc.net.au
The Australian share market is trading higher on Tuesday after Collins Foods, the parent company of KFC and Taco Bell in Australia, reported a 500 per cent net profit increase during last financial year. Follow live.
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Live: KFC's local operator sees net profit surge by more than 500 per cent, Australian shares rise
via abc.net.au
The Australian share market is trading higher on Tuesday after Collins Foods, the local operator of KFC and Taco Bell in Australia, reported a 500 per cent net profit increase during last financial year. Follow live.
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KFC's local operator sees net profit surge by more than 500 per cent, Australian shares rise by 1.4pc — as it happened
via abc.net.au
Australia's share market closed 1.36 per cent higher on Tuesday after Collins Foods, the local operator of KFC and Taco Bell in Australia, reported a 500 per cent net profit increase during last financial year. Catch up on the day's news in the business blog.
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Buyers snap up houses sight unseen in rural city set for hydrogen-fuelled future
via abc.net.au
With a $593 million hydrogen plant on the way, sales activity in Whyalla's housing market is on average double compared to its regional neighbours.
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Nitazines have the potential to become Australia's 'fentanyl crisis' — and it's stronger and harder to detect
via abc.net.au
A synthetic opioid — which has been linked to a rise in overdose deaths overseas — has emerged on the illicit drug scene, with some experts warning it has the potential to be Australia's version of a "fentanyl crisis."
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A synthetic opioid stronger than fentanyl and hundreds of times more potent than heroin is emerging in Australia
via abc.net.au
A synthetic opioid — which has been linked to a rise in overdose deaths overseas — has emerged on the illicit drug scene, with some experts warning it has the potential to be Australia's version of a "fentanyl crisis."
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You may not have heard of this berry, but these Victorian farmers are determined to change that
via abc.net.au
While elderberry can be found in everything from cordial to cosmetics around the globe, in Australia its health benefits and potential are only just beginning to be realised.
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Yarra City Council forced into 'embarrassing backdown' over plan to give CEO powers to sell property
via abc.net.au
Yarra council is forced to back down on a controversial proposal that would have allowed its CEO to buy and sell property worth up to $10 million without councillor approval, after receiving overwhelming community backlash.
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Parents failing to submit tax returns are skewing child support payments
via abc.net.au
Legal experts want the federal government to foot the bill for child support if an ex-partner doesn't pay, with new data revealing last financial year 168,000 parents had overdue tax returns.
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At Close of Business podcast June 24 2024
Jack McGinn speaks with Mark Beyer about John Van Der Wielen's top tips for business transformation.
Plus, Paladin makes a $1 billion move, a Myer takeover and Austal to build more patrol boats.
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Encounter shares up 80pc
Shares in Encounter Resources close trade on Monday up 80 per cent to 62 cents, following positive initial aircore drilling results at its Aileron project.
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Twenty bodies reportedly found after fire breaks out at South Korea battery plant
via abc.net.au
South Korean news agency Yonhap reports that about 20 bodies have been found inside a lithium battery manufacturing plant after a blaze broke out at the factory.
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Twenty bodies found after fire breaks out at South Korea battery plant
via abc.net.au
A major fire is burning at a South Korean lithium battery factory where firefighters have found about 20 bodies at the site of the blaze.
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At least 22 people found dead after fire breaks out at South Korean battery plant
via abc.net.au
A fire at a lithium battery factory in South Korea has claimed the lives of at least 22 people, with eight injured, according to local fire officials.
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At least 16 people found dead after fire breaks out at South Korean battery plant
via abc.net.au
A fire at a lithium battery factory in South Korea has claimed the lives of at least 16 people, with five others still missing, according to local fire officials.
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Australian shares stumble ahead of key inflation data
The ASX200 has fallen 0.8 per cent to wipe away the previous week's gains as traders brace for more worrying inflation data.
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Synergy flags life support breaches
Synergy has revealed it breached its licence almost 100 times between February last year and April 2024, by failing to properly handle contact details for 68 customers using life support equipment.
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The Beetle was the symbol of the 60s. Now Mexico's largest city is keeping the cultural icon alive
via abc.net.au
Mexicans reflect on the deep significance "The Bug" holds for them after celebrating this year's Worldwide Volkswagen Beetle Day.
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Business News wins seven international awards
Business News has won seven accolades at the Alliance of Area Business Publishers’ awards announced in Baton Rouge, in the United States.
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Business News wins seven awards
Business News has won seven accolades at the Alliance of Area Business Publishers’ awards announced in Baton Rouge, in the United States.
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Paladin Energy to acquire Fission Uranium in $1.25bn deal
Perth-headquartered uranium producer Paladin Energy has announced it will acquire 100 per cent of Fission Uranium in a deal worth AUD$1.25bn.
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Paladin Energy to acquire Fission for $1.25bn
Perth-headquartered uranium producer Paladin Energy has announced it will acquire 100 per cent of Fission Uranium in a deal worth $AU1.25 billion.
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Gold Valley to pay $3m for Tasmanian project
Venture Minerals has entered into a share purchase and sale agreement with Goldvalley Brown Stone, a subsidiary of private iron ore miner Gold Valley Group, regarding the sale of its Riley iron ore mine in Tasmania.
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Central Queensland mining company fined after electrician crushed to death by coal slab
via abc.net.au
Coal miner Brad Duxbury went to work in 2019 and never came home. His employer has been fined $720,000 over his death and serious injury to another man.
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Westgold revises Karora timeline
Westgold Resources has backed its move for Karora Resources, with the pair working towards finalising the deal by the end of July despite a rival’s request for Takeovers Panel intervention.
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Trump tariffs would hurt Down Under
We need to prepare for the likelihood Donald Trump will win the US election and rekindle his tariff war with China.
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Regis to join IGO in $122m royalty row
Regis Resources has applied to join IGO in the legal action South32 launched over a $122 million royalty dispute from the Tropicana gold mine proceeds.
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Pilbara traditional owners call for inquiry into Andrew Forrest's Solomon Hub
via abc.net.au
After years awaiting compensation, Yindjibarndi Ngurra Aboriginal Corporation has called for an inquiry into the lucrative Solomon Hub iron ore mine claiming the it operates "below the current standard of industry regulation".
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Australia's confusing energy system is even harder to navigate for migrants, but Sydney leaders are helping bridge the divide
via abc.net.au
Advocates are worried not everyone is finding it easy to access — and benefit from — renewable energy.
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Physicist willing to bet 'large amounts of money' against nuclear power being built in Australia in his lifetime
via abc.net.au
Project management, legal and energy experts have raised serious doubts about the Coalitions ability to construct nuclear power plants in Australia before 2037.
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Buying a home in Queensland now 'beyond reach' for many frontline workers, report finds
via abc.net.au
The Beyond Reach report has found affordable housing — where housing costs are 30 per cent or less of income — has "almost ceased to exist" for essential workers in south-east Queensland.
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Mount Gibson targets life beyond Koolan
Koolan Island iron ore mine is a celebrated part of WA’s mining history but plans for its rehabilitation and the island’s future are well under way.
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Barminco books $450m contract extension
Perenti’s underground mining business arm Barminco has won a three-year mining services contract extension worth $450 million with AngloGold Ashanti, effective from October 1.
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Feds orders more Austal patrol boats
Henderson-based Austal has received an order for two additional Guardian-class patrol boats from the federal government, valued at approximately $39 million.
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Federal Government orders two more Austal patrol boats
Henderson-based Austal has received an order for two additional Guardian-class patrol boats from the Federal Government, valued at approximately $39 million.
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American West secures $18.8m from Taurus for Storm Copper
American West Metals has entered a binding agreement with Taurus Mining Royalty Fund to provide $18.8 million in exchange for a royalty package for its Storm copper project.
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American West secures $18.8m from Taurus
American West Metals has entered a binding agreement with Taurus Mining Royalty Fund to provide $18.8 million in exchange for a royalty package for its Storm copper project.
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Atkins retires from Castle board
Castle Minerals has announced that Michael Atkins will retire as non-executive chair, effective from June 30.
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Myer bids for Premier Investments’ apparel
Myer has proposed to merge with Premier Investments, which operates apparel brands including Just Jeans, Jay Jays and Portmans.
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Myer bids for Premier Investments
Myer has made a bid to merge with Premier Investments, which operates apparel brands including Just Jeans, Jay Jays and Portmans.
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Galan appoints new CFO
West Perth-based junior Galan Lithium has appointed Ross Dinsdale as its chief financial officer, effective from July 10.
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Gibb River Diamonds acquires Namibia uranium projects
The company’s acquisitions cover 1828 square kilometres, 47.6sqm of which sit within the Erongo Uranium District – one of the world’s foremost uranium producing areas.
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Liberal Matt Kean, long a thorn in his own party's side, has been offered a job by Labor
via abc.net.au
The Liberal Party's most recognisable climate campaigner has been tapped by Labor to assume Australia's top climate advisory role.
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Strike in Perth Basin power play
Strike Energy has unveiled a plan to build and operate a gas power plant in a bid to support the state’s main electricity grid, tapping its gas reserves at South Erregulla in the Perth Basin.
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Cape Bouvard sells Halls Head site
Aveling Homes’ Michael and Brooke Aveling have purchased the 4,028sqm site for $1.03 million.
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Cash crisis averted by $50 million bailout to keep Armaguard afloat
via abc.net.au
Armaguard's biggest customers will pour up to $50 million into the troubled cash transporter to keep it afloat for the next 12 months.
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Calls to mandate housing target to boost supply
Laws being introduced to federal parliament would seek to force governments to meet targets to build new homes and improve affordability.
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Set the strategy, stay the course
Having led multiple corporate transformation projects, John Van Der Wielen shares his thoughts on what works and what doesn’t.
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US prosecutors recommend DOJ criminally charge Boeing
via abc.net.au
The US Justice Department is deciding whether to prosecute Boeing after finding the plane manufacturer violated a settlement related to two fatal crashes.
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