Market Reports

• Australian Market Report: The benchmark S&P/ASX200 index was down as many as 127 points, or 1.4%, in the first hour of trading on Wednesday, but climbed steadily in the afternoon to finish just 18.8 points lower at 8785.1..... [more]

• U.S. Market Report: Wall Street's main indexes fell on Wednesday after President Donald Trump said ​an interim deal aimed at ending the war with Iran was "over," while Broadcom led gains among recently battered chip stocks..... [more]

• European Market Report: European stocks tumbled on Wednesday, with several markets in the region recording their sharpest fall in several months, as escalating Middle East tensions rendered the mood bearish..... [more]

• Asian Market Report: Asian stocks ended mostly lower on Wednesday, with tech shares coming under selling pressure amid concerns that the AI-fueled rally in chipmakers may be losing momentum..... [more]

Australian Business News

• The Reserve Bank of Australia’s chief economist Sarah Hunter has suggested another rate rise was still needed for inflation to be brought back within target - meaning higher unemployment during an oil crisis..... [more]

• The RBA says Aussies may have to suffer through higher unemployment if it is to bring down rates. The bank’s chief economist and assistant governor Sarah Hunter gave an address to the Australian Conference of Economists.... [more]

• Which ASX 200 stocks win or lose if oil prices spikes again. Iran's Hormuz strikes sent Brent 5.5% higher. Here's the ASX 200 playbook from last time, and why the setup already looks different..... [more]

• Australians are paying record high rents across all the capital cities as low vacancy rates mean tenants are facing "a landlord's market". Data from property website Domain has revealed a renewed acceleration in rental growth.... [more]

• The Australian government has brought in sweeping changes to the laws on anti-money laundering and counter-terrorism financing, known as AML/CTF, which began on July 1..... [more]

• The retirees who can’t spend. When decades of saving makes spending feel uncomfortable..... [more]

• A key Parliamentary Committee report has recommended that the upgraded consumer and competition protections addressing unfair competition practices be expanded into the financial services sector via ASIC Act amendments..... [more]

• Why South32 is right to ditch aluminium for copper. South32's pivot is the latest sign of the copper megatrend reshaping Australian mining..... [more]

• Regulators have hit LNG exporter Inpex with a warning after a second toxic mercury incident at its operations off WA’s coast. The National Offshore Petroleum Safety and Environmental Management Authority.... [more]

• Larvotto Resources has stood behind its acquisition of Hammer Metals after a rival takeover proposal from ASX-listed Austral Resources emerged, saying its existing scheme offers Hammer shareholders a compelling mix of value.... [more]

• Greatland Resources strengthens management team with key appointments.... [more]

• BHP shares tumble as strike threat hits iron ore giant.... [more]

• Ramelius Resources shares (ASX:RMS) closed 1% lower at A$2.96 today, falling in step with a broader gold price pullback, even as the company delivered its sixth consecutive year of meeting production guidance.... [more]

• WA Gold Limited has wrapped up the first phase of a diamond drill campaign at its Abercromby gold project near Wiluna in Western Australia.... [more]

• Woodside is pursuing legal action against three protesters who were convicted over a gas hoax stunt that caused the evacuation of thousands of employees from its Perth headquarters three years ago..... [more]

• Arika Resources readies largest ever WA gold drill push.... [more]

• FirstWave Cloud Technology (ASX:FCT) has this week extended its agreement with Telstra Group (ASX:TLS) to continue supplying cybersecurity software and services supporting Australian Federal Government agencies.... [more]

• The British retail behemoth run by billionaire Mike Ashley has asked Australia’s Takeovers Panel to intervene in its spurned, low-ball bid for the nation’s biggest footwear retailer Accent Group. Frasers Group lobbed the unsolicited.... [more]

• Netwealth delivers strategic positive messaging.... [more]

• Proteomics International Laboratories has secured a vital US patent for its innovative PromarkerEndo blood test, a move that establishes a commercial beachhead into the world’s largest healthcare market and validates a key part.... [more]

• Australians are among the world's biggest coffee drinkers but less than 1 per cent of the coffee consumed nationwide is grown locally. As harvest gets underway on the Atherton Tablelands in Far North Queensland.... [more]

• Opinion - Amy Remeikis: House prices hit a blip and it’s all media panic. Please, let’s have some perspective.... [more]

World Business News

• Oil Market Calm Is Shattered by Fresh Hostilities. Oil prices are likely to remain volatile as long as the United States and Iran are unable to resolve the status of the Strait of Hormuz..... [more]

• Tensions with Iran add fresh uncertainty to an already shaky global economy.... [more]

• Gold prices fall as Fed minutes showed concerns over high inflation.... [more]

• US stocks tumble and oil prices soar as Trump says the ceasefire with Iran is 'over'. Markets were jolted on Wednesday by a major re-escalation of hostilities between the US and Iran..... [more]

• Fed minutes: Officials deeply divided over future path of US inflation.... [more]

• The Iran war and high U.S. gas prices are causing a surge in demand for used all-electric vehicles, which is making the pre-owned vehicles more expensive, according to Cox Automotive..... [more]

• Deere (DE.N), agreed on Wednesday to settle a lawsuit by the Federal Trade Commission and five U.S. states accusing the farm equipment maker of illegally ​requiring farmers to use its network of authorized dealers for repairs.... [more]

• Musk's SpaceXAI releases new model, Grok 4.5.... [more]

• Elon Musk’s Terafab could give a major boost to this corner of the chip sector. SpaceX could spend about $135 billion on wafer-fab equipment over the next five years, UBS says.... [more]

• OpenAI's latest and most powerful AI model is finally getting a public rollout, but not without Elon Musk stealing a bit of thunder. OpenAI said it will roll out its new GPT-5.6 family of models more widely on Thursday.... [more]

• Apple to spend $30 billion on Broadcom chips as it boosts US sourcing.... [more]

• As the FIFA World Cup captures massive global audiences, Netflix, Disney and Alphabet’s YouTube are all interested in challenging Fox for the U.S. broadcast rights to the 2030 and 2034 World Cup.... [more]

• SK Hynix to close $28 billion ADR bookbuild on Wednesday after oversubscription, source says.... [more]

• After four years in exile, the prediction market platform Polymarket has begun a well-funded campaign to sell a new version of itself to the American public..... [more]

• Canada's trade surplus in May jumps to a four-year high as US exports surge.... [more]

• Victims of a 2023 data hack at genetics testing company 23andMe are set to receive a multi-million payout from the firm. A California bankruptcy court judge ruled on Tuesday that Chrome Holding,.... [more]

• Hundreds of UK petrol stations are being investigated for failing to report live price changes to a Government system aimed at saving drivers money, Rachel Reeves has said..... [more]

• Virgin Media fined record £28m for stopping customers cancelling contracts.... [more]

• Outsourcing giant Capita has admitted its handling of the civil service pension scheme has been 'not good enough', as its shares plummeted following a cabinet minister's scathing attack..... [more]

• Tesco (TSCO.L), Britain's biggest food retailer, is exploring a ​sale of its Central European operations, the group's only ‌sizeable business outside the UK and Ireland, the Financial Times reported on Wednesday..... [more]

• Around 200 John Lewis staff could lose their jobs as the retailer looks to close its in-store money exchange services and dedicated gift wrapping areas..... [more]

• Spanish stocks and bonds came under fire on Wednesday, after President Donald Trump demanded that the United States cut trade ties ​with the country, escalating tensions over defence spending and the ‌Iran war during a NATO.... [more]

• Beijing seeks chip stability and fair market access during Dutch trade minister’s trip.Wang Wentao meets Sjoerd Sjoerdsma amid ASML export limits and Nexperia debacle.... [more]

• Alibaba just had its best day in 10 months. Is it time for China techs to catch up?.... [more]

• China to Let AI Firms Buy Nvidia H200s, Information Says.... [more]

• Chinese investors pulled a record US$2.91 billion out of domestic gold exchange-traded funds (ETFs) in June, taking profits as a stock-market surge and a strong yuan dimmed the appeal of the safe-haven metal,.... [more]

• Temasek Assets Break $400 Billion as AI Bets Boost Returns. Singaporean state-owned investor Temasek Holdings Pte is ramping up its exposure to artificial intelligence and the Americas.... [more]

• How Japan’s yen rout could spark a US financial crisis. As Tokyo dumps US Treasuries to defend its collapsing currency, America’s deficit-fueled debt machine is losing its top buyer.... [more]

• India's largest asset manager, SBI Funds Management (SBIA.NS), is seeking a valuation of up to 1.17 trillion ​rupees ($12.24 billion) n its initial public offering that kicks off ‌next week, setting the stage for.... [more]

• India's curbs on silver imports have triggered supply shortages in the country's domestic market, driving premiums to their highest level in six months even as demand remains weaker than usual..... [more]