Morning business roundup
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Australian Market Report: The Australian sharemarket extended its winning streak with a fourth straight session of gains, the S&P/ASX 200 closed 10.8 points, or 0.1 per cent, higher at 8617.30 on Thursday, with eight of its 11 industry sectors in the green..... [more]
U.S. Market Report: Wall Street markets were closed for Thanksgiving holiday. At the close on Wednesday Wall Street extended its rally..... [more]
European Market Report: European stocks are turning in a mixed performance on Thursday with investors digesting some regional economic news, and awaiting the minutes of the European Central Bank's monetary policy meeting held late last month..... [more]
Asian Market Report: Sentiment in Asian markets improved and benchmarks closed higher on Thursday tracking the tech rally in Wall Street the day before. Renewed optimism about a Federal Reserve rate cut in December catalyzed the market moves..... [more]
Leading economists with experience in government are questioning the Reserve Bank of Australia’s ability to predict what’s going to happen in the economy following the worst inflation surge in more than a year..... [more]
The banking regulator will impose restrictions on home loans from early next year to limit the number of "high-risk" large loans being issued to customers, which could have flow-on effects in the housing market..... [more]
Major superannuation fund lobby group the Association of Superannuation Funds of Australia (ASFA) has welcomed new legislation which dictates that MySuper funds must have passed the superannuation fund performance test .... [more]
Is your ETF at risk of failure? Examining the forces behind fund closure..... [more]
Macquarie has identified ASX 200 shares across 11 sectors it expects to deliver strong capital growth in the new year, highlighting Bellevue Gold and James Hardie in Materials, and Macquarie Technology and NextDC in Technology.... [more]
Where does the ASX 200 go in 2026? A chaotic year is almost at an end. But what does 2026 have in store for Aussie equities? Here's your early chance to make a prediction..... [more]
A new year cash boost may still be on the cards after Treasurer Jim Chalmers left the door open for an energy rebate to potentially be renewed for 2026. The subsidy is part of Labor’s Energy Bill Relief Fund extension.... [more]
Central Queensland Fitzroy Resources coal mine sale secures 1,000 jobs.... [more]
Red Mountain Mining (ASX:RMX) has unveiled its latest assays from its Armidale project in NSW, sending shares over +6% higher as the company reports potential for a major antimony-gold system on-site,.... [more]
BHP Mitsubishi Alliance abandons project in coal royalties stoush.... [more]
Hot Chili has hit paydirt with a staggering 529-metre intercept grading 0.41 per cent copper and 0.21 grams per tonne (g/t) gold from a diamond drill hole at its emerging La Verde copper-gold porphyry discovery in Chile’s Atacama region..... [more]
Zenith Minerals has returned the latest barrage of gold results from its Red Mountain discovery in Queensland, returning exceptional intercepts up to a thumping 122 metres grading 1.28 grams per tonne (g/t) gold from 209m..... [more]
Element Zero co-founder buries the Fortescue hatchet, says start-up can produce more green iron than FMG.... [more]
Environmental activist Ben Pennings declares ‘massive victory’ after Adani drops its years-long legal pursuit. Queensland supreme court orders Pennings, a campaigner against the Carmichael coalmine,.... [more]
Tasmania's native forest logging sector is fretting over its future despite the federal government's claims changes to environmental laws will ensure the industry's sustainability..... [more]
DroneShield Shares (DRO) Retreat Further, Erasing A$2 Billion in Market Cap.... [more]
Guzman y Gomez boss Steven Marks buys $1 million in shares of Mexican food chain.... [more]
Qantas chief executive Vanessa Hudson says she is unlikely to see large passenger planes powered by electricity or hydrogen in her lifetime, with the required technology still decades away from being available to the jets.... [more]
Explainer - Catie McLeod: Australia is bringing in ‘world first’ minimum pay for food delivery drivers – here’s how it will work. Deal between companies and union, which includes an hourly wage and accident insurance.... [more]
Market Volatility Underscores Epic Buildup of Global Risk. Some experts see a dangerous combination of factors reminiscent of practices that led to previous financial crises..... [more]
The majority of equity analysts and investors reckon the stock market will continue to rise in 2026, propelled by more interest rate cuts, a stoic economy and optimism over a broadening AI trade..... [more]
Trump administration says lower prices for 15 Medicare drugs will save taxpayers billions.... [more]
Where to invest to capture the broadening stock market rally in 2026, according to Goldman Sachs. Some of the best opportunities in the market next year might have nothing to do with the AI trade..... [more]
BofA outlines key investment themes to watch out for in 2026.... [more]
Campbell's fires executive accused of making racist remarks and labeling food as for 'poor people'. The termination follows a lawsuit filed by a former employee who allegedly recorded a 2024 conversation.... [more]
Black Friday arrives with solid momentum despite tariffs and economic uncertainty.... [more]
Strong demand for Apple's iPhone during China's Singles' Day shopping festival single-handedly drove growth in smartphone sales during the period, research firm Counterpoint said on Thursday..... [more]
TikTok-fueled K-beauty boom triggers a retail race in the U.S..... [more]
SEC Probing Jefferies Over First Brands Disclosures.... [more]
Canada will offer more support to help the steel and lumber industries deal with U.S. tariffs and create a domestic market, Prime Minister Mark Carney said on Wednesday..... [more]
Venezuela has banned six major international airlines from landing in the country after they failed to meet a 48-hour deadline to resume flights there. The airlines had temporarily suspended their routes into the capital, Caracas,.... [more]
Russia's central bank says gold demand driven by G7 attempt to get Moscow's frozen assets.... [more]
Budget tax rises may be ‘fiscal fiction’ as pain delayed for election year, IFS warns. Thinktank predicts backloading may force Labour to abandon tax rises or spending cuts.... [more]
Bank of England's Greene says budget energy measures may help lower price expectations.... [more]
Two of Wall Street’s biggest banks have announced substantial expansion plans in the UK, hours after they were spared increased taxes in Rachel Reeves’s autumn budget..... [more]
Spain's lower house rejected the government's proposed 2026 spending plan on Thursday, providing a setback to the government's attempts to restore a normal budget timetable..... [more]
Dutch prosecutor fines Morgan Stanley 101 million euros for tax evasion.... [more]
UBS remains bullish on Chinese tech shares and gold but warns of big market swings in 2026. Swiss bank flags five major risks for next year, including economic weakness, resurgence of inflation and renewed US-China tensions.... [more]
Alibaba starts selling Quark AI glasses in China, enters global wearables race.... [more]
China’s green mining vision meets Indonesia’s fragile reality. A major announcement emerged from the G20 meeting in South Africa this year: China introduced a global initiative to promote a sustainable “life cycle” for mineral resources..... [more]
Vanke’s Loan Request Rejected by at Least Two Chinese Banks.... [more]
Asahi says 1.5 million customers' data potentially leaked in cyber-attack.... [more]
Hong Kong’s insurance sector is expected to face record claims of HK$2.6 billion (US$334 million) related to the deadly fire in Tai Po, the worst in seven decades that claimed 75 lives and seriously damaged seven buildings.... [more]
Taiwan raids former TSMC exec's home in trade secrets probe.... [more]
Tesla has opened its largest sales and service hub in India even as the EV giant struggles with weak sales in Asia's third-largest economy..... [more]
ICICI Prudential Asset Management Company (IICL.NS), will launch its $1.2 billion IPO in the second week of December, two sources said on Thursday, making India's second-largest asset manager the latest in a long list.... [more]