Market Reports

• Australian Market Report: The Australian sharemarket finished higher on Wednesday, the S&P/ASX 200 closed up 21.80 points, or 0.3 per cent, to 8918, having shrugged off early wobbles by lunchtime..... [more]

• U.S. Market Report: Tech stocks led declines on Wall Street, with worries about AI spurring debates about its future. The Nasdaq Composite dropped 2.2% over the last two days, the worst two-day fall since August 1st..... [more]

• European Market Report: European stocks turned in a mixed performance on Wednesday after another cautious session, as investors looked ahead to the Federal Reserve's Jackson Hole Symposium that gets underway on Thursday.... [more]

• Asian Market Report: Asian stocks ended mixed on Wednesday as investors locked in profits in tech stocks amid concerns over valuations and reports of potential U.S. government equity stakes in major chipmakers..... [more]

Australian Business News

• More than two-thirds of NSW public land suitable for housing sold to private developers. Despite Labor policy to prioritise government land for public housing, Homes NSW has bought just three of 55 sites.... [more]

• Productivity summit ends day two with progress on rules changes to boost housing supply.... [more]

• Productivity is the buzzword at this week’s economic reform roundtable in Canberra. It’s about how effectively we turn our time, skills and resources into goods and services. Who wouldn’t want to get more done with less? .... [more]

• Australian institutional and wholesale investors now have a greater selection of private markets offerings to choose from, with the addition of a new private infrastructure solution from global alternatives specialist, Ares Management .... [more]

• Copper margins climb as large-scale miners outpace smaller rivals.... [more]

• The chief executives of Australia’s two biggest mining companies, BHP and Rio Tinto, have met US President Donald Trump to discuss their controversial proposal to build a giant copper mine on sacred Native American land..... [more]

• BHP earnings weaker with lower iron ore prices more than offsetting higher copper volumes.... [more]

• Yancoal's dividend drought continues as company hoards cash for M&A. Many investors hold Yancoal (ASX: YAL) for just one simple reason – massive dividends..... [more]

• The chief of Iluka Resources has indicated the future Eneabba rare earths refinery near Jurien Bay would thrive on the price floor set by the Trump Administration for two key rare earth elements..... [more]

• Strickland shifts focus after $45M equity sale of WA gold project.... [more]

• IGO yet to propose new ‘marriage’ or ‘divorce’ from Kwinana lithium refinery, according to Tianqi Lithium boss.... [more]

• Peabody terminates $5.7b deal to buy five Bowen Basin mines citing March underground ignition.... [more]

• Infini Resources has identified 14 new high-priority uranium targets at its Reynolds Lake project in Canada’s world-class Athabasca Basin..... [more]

• The Lottery Corporation Shares (ASX:TLC) Hit Record High.... [more]

• ResMed up on bullish analyst notes after solid quarter.... [more]

• Australian coffee machine manufacturer Breville has confirmed it will move more of its production away from China to Mexico, Indonesia and other zones in a stark example of Donald Trump’s power to reorganise world trade..... [more]

• Own the Vanguard Australian Shares ETF (VAS)? It just hit a new record high.... [more]

• The Transport Workers’ Union will be able to spend the $50 million it was awarded in the Qantas penalties case however it sees fit, say lawyers and labour specialists. The TWU’s National Council, made up of.... [more]

• CSL (ASX:CSL) has cemented its status as this reporting season’s Humpty Dumpty of the large caps, this morning suffering a further share price fall of up to 8% on top of yesterday’s 17% selloff..... [more]

• The parent company behind Donut King, Gloria Jean’s, Crust Pizza and Beefy’s Pies is looking to offload the Brumby’s Bakery chain after it weighed down the group’s performance in the latest financial year..... [more]

• Sydney-based software powerhouse Canva has kicked off an employee share sale valuing the company at an all-time high of $65 billion, making it more valuable than corporate heavyweights Telstra, Woodside and Woolworths..... [more]

• James Hardie is getting obliterated after earnings shocker! Here’s what you need to know.... [more]

World Business News

• President Donald Trump on Wednesday called on Federal Reserve Governor Lisa Cook to resign on the basis of allegations made by one of his political allies about mortgages she holds in Michigan and Georgia, intensifying his effort.... [more]

• Bargains are scarce for investors in this market. Sky-high valuations may have started as a Big Tech problem, but it's getting harder to find undervalued opportunities in an increasingly expensive stock market..... [more]

• President Donald Trump wants the U.S. government to own a piece of Intel, less than two weeks after demanding the Silicon Valley pioneer dump the CEO that was hired to turn around the slumping chipmaker. If the goal is realized.... [more]

• Mark Zuckerberg Shakes Up Meta’s A.I. Efforts, Again. Meta internally announced a new restructuring of its artificial intelligence division amid internal tensions over the technology,.... [more]

• Alphabet’s (GOOGL.O) Google introduced on Wednesday a new lineup of Pixel smartphones and gadgets, intensifying its efforts to embed artificial intelligence across a wide ecosystem of products..... [more]

• Short-seller Andrew Left says OpenAI's $500 billion valuation proves Palantir stock is way too expensive. A week after Andrew Left criticized Palantir Technologies as highly overvalued, the short-seller is back with a more detailed analysis..... [more]

• Lowe’s tops Home Depot with an $8.8 billion buyout deal and an earnings beat. The company’s deal to buy Foundation Building Materials comes less than two months after Home Depot’s $5.5 billion acquisition of GMS.... [more]

• Target stock slumps after retailer names insider Fiddelke to CEO role.... [more]

• Target on Wednesday said that company veteran Michael Fiddelke will become its next CEO at a critical point in its effort to break out of a sales slump and win back Wall Street’s favor..... [more]

• Nexstar agrees to buy Tegna for $6.2 billion, a massive consolidation of local TV stations.... [more]

• UK inflation heat puts Bank of England back in the spotlight.... [more]

• Prices in the UK rose by 3.8% in the year to July, driven mainly by a jump in the price of air fares and food. That means inflation is at its highest level since January 2024 and still far above the Bank of England's target of 2%,.... [more]

• Ministers have lined up special managers to run Liberty Steel’s South Yorkshire operations if they are put into administration, according to a revelation at the high court in London..... [more]

• Estee Lauder forecasts profit below estimates, warns of $100 million tariff hit.... [more]

• The Prax Lindsey oil refinery collapsed after “material irregularities” were discovered in a complex £783m loan facility that funded the wider group, it has emerged. The refinery on the Humber estuary in northern England.... [more]

• Swedish central bank keeps key rate on hold, could still cut this year.... [more]

• China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets..... [more]

• Microsoft Corp (NASDAQ:MSFT). has limited Chinese companies’ access to early notifications about cybersecurity vulnerabilities in its technology following an investigation into a possible leak that may have enabled a series of hacks.... [more]

• Pop Mart said it would be able to easily double this year’s revenue from its 2024 record sales, as it prepares to launch a mini version of the Labubu plush toy to extend its phenomenal success and conquer more hearts beyond mainland China..... [more]

• Reserve Bank of India Says It Paused to Assess Tariff Impact on Economy.... [more]

• India's monetary policy committee members flagged evolving risks from global trade tensions and tariffs as a key drag on growth but said the economy remains resilient with the inflation outlook benign, minutes of the August meeting showed.... [more]

• India’s textile and apparel sector posted steady growth in July 2025, with exports of major commodities rising 5.37 per cent to $3.10 billion from $2.94 billion a year ago.... [more]