The S&P 500 and Nasdaq have ended the quarter with double-digit gains amid hopes for trade deals and the prospect of possible rate cuts.
Sabrina Valle
Embattled Star Entertainment’s deal to sell a 50 per cent stake in its $1.6 billion Brisbane casino to Hong Kong investors is on the brink of collapse.
Cheyanne Enciso
The Australian share market has posted its best return since the pandemic, recovering from the meltdown triggered by Donald Trump’s tariffs four months ago to deliver nearly double-digit gains.
Sean Smith
The ASX200 climbed 0.3 per cent to finish the June quarter with an 8.9 per cent gain, its best quarterly performance since the fourth quarter of 2020.
Derek Rose
Australian startups lag far behind the US and China in funding raised despite the country’s historical effectiveness at creating unicorns.
Benicia Tan
Movement in US-Canada trade negotiations helped lift Wall Street futures, while world stocks were hovering just below record highs.
Nell Mackenzie and Wayne Cole
US stocks have closed higher as investors cheered indications of an earlier interest rate cut.
Stephen Culp
An end-of-year rally has a small WA company pursuing an unfashionable but in-demand commodity poised to trump its shinier gold rivals as the Australian share market’s best performer.
WA regenerative medicine firm Orthocell says it has marked another commercialisation milestone with the first successful surgical use of its nerve repair product in the US.
Woolworths will shutter the online marketplace it acquired less than three years ago as part of efforts to stem losses amid stiff competition from global giants like Amazon, Shein and Temu.
Poker player and crypto bull Tony Guoga has emerged as the controlling shareholder in a local Bitcoin play, stationing his daughter as a board director and lining up a deal with a Canadian company he chairs.
Simone Grogan
The mining sector rose 2.3 per cent in its best day in 11 weeks but overall the ASX dipped, while the Australian dollar climbed to a seven-month high.
US stocks closed higher, the S&P 500 and Nasdaq close to record highs, with investors buoyed by optimism regarding rate cuts.
Staff Writers
The Australian Securities and Investments Commission has enlisted three battle-hardened business veterans to probe governance and risk management at stock exchange operator ASX Ltd.
Neale Prior
The ASX200 dropped 0.1 per cent, as Xero fell more than five per cent following the Kiwi cloud accounting firm's $1.9 billion capital raising.
Bannerman Energy has secured $85 million from shareholders to raise cash for the build of a uranium project in Namibia due to start producing in 2028.
Shell has denied a Wall Street Journal report that it is in active talks about acquiring its London-based oil rival BP.
Bloomberg
US stocks have closed mixed as investor concerns about the conflict between Israel and Iran eased.
Banks have soared and the miners have fallen on a mixed day of trading on the Aussie sharemarket, as the market anticipates a third interest rate cut.
Cameron Micallef
Filings for Canaccord Financial Group (Australia) show annual revenue jumped 13 per cent to $198m but increased bonuses reduced net profit for the year to March by 11 per cent to $16.5m.
Accounting software firm Xero will buy New York-based Melio Payments for $US2.5 billion ($3.9b) in a bid to push deeper into the US market.
Commonwealth Bank shares have broken $190 for the first time but weakness in the mining sector has kept the bourse overall little changed.
Oil remains near recent lows and Asian and European stocks have risen as a ceasefire between Israel and Iran continues to hold.
Kevin Buckland
