Market Reports

• Australian Market Report: The Australian sharemarket closed in the red on Monday. The S&P/ASX 200 closed 32.7 points, or 0.4 per cent, lower at 8697.1, with seven of 11 industry sectors in negative territory..... [more]

• U.S. Market Report: Wall Street's main indexes declined on Monday after conflicting reports about a U.S. warship near the Strait ​of Hormuz led to heightened tensions in the Middle East, dampening optimism from the previous week's earnings..... [more]

• European Market Report: European stocks closed mostly weak on Monday as Middle East tensions and fresh tariff threats by U.S. President Donald Trump weighed on investor sentiment..... [more]

• Asian Market Report: Asian equity markets rallied on Monday, tracking Wall Street's strong performance on Friday attributed mainly to strong corporate earnings. Markets in China and Japan were closed for holidays..... [more]

Australian Business News

• Jim Chalmers rules out fuel excise extension and downplays hopes for tax relief in ‘most responsible’ budget yet. The treasurer also says May federal budget will play ‘helpful, not harmful, role in fight against inflation’.... [more]

• Anthony Albanese’s mission to give younger Australians a “fair crack” in the tax system has a new target: the use of trusts by wealthy families to slash their tax bill. As the government prepares to release its budget on May 12,.... [more]

• The inflation figures released last week confirm what we already know: Inflation is up, and it’s all because of higher fuel costs. The March figures confirm that none of the inflation has flowed through to other parts of the economy..... [more]

• Hard legal facts get in way of proposed super policy. The joint advice and accounting groups have backed the Government’s efforts around financial abuse but have warned that succeeding in preventing perpetrators.... [more]

• Barely a week out from the tabling of the Federal Budget, the Australian Financial Complaints Authority (AFCA) has released an update of its Data Cube and the news for financial advisers is not good .... [more]

• 3 key takeaways from NAB's half-year results. Business banking remains NAB's key strength, while rising credit costs show management is preparing for a more uncertain environment..... [more]

• Xero Shares Holding A$80 As April Bounce Leaves Bulls Looking For More.... [more]

• The Australian ⁠government said that Meta, Alphabet's Google and TikTok could face multimillion-dollar charges if they did not negotiate deals to pay local media outlets for news on their platforms..... [more]

• The 10 most shorted ASX stocks plus the biggest risers and fallers – Week 19.... [more]

• 8 ASX stocks to own while the market crowds into tech. As investors pile into AI, Alvia’s Chris Scarpato is running for the hills and building an anti-AI playbook.... [more]

• China accused of trying to target Port Pirie and Hobart smelters. South Australia's treasurer and energy minister says China is undermining Australia's smelting industry and that any shutdown would leave national security "very exposed"..... [more]

• Maritana Minerals, formerly Horizon Minerals, has delivered more sizzling gold intercepts from phase one diamond drilling at its Burbanks project, near Coolgardie in Western Australia..... [more]

• Ardea has surged onto the strategic stage with its giant Goongarrie Hub singled out in a high-level Australia-Japan joint statement on elevated critical minerals cooperation..... [more]

• Stellar Resources raises $22.1 million to advance Heemskirk Tin Project.... [more]

• Forrestania Resources has delivered a massive boost to its West Australian gold ambitions, finalising a major project acquisition and revealing a pair of significant resource upgrades that push its total inventory beyond 300,000 ounces..... [more]

• Australian Mines has raised $3m through a strategic placement to fast-track its Flemington scandium project in New South Wales, following a scoping study released in late April..... [more]

• Haranga Resources (ASX:HAR) is off to a strong start with the first Lincoln-Comet diamond drilling program in more than a dozen years, having already hit multiple high-grade intercepts at the Californian project..... [more]

• ADX Energy is powering ahead in Upper Austria, with the drill bit at its HOCH-1 gas well now at 950 metres and closing in on a planned total depth of about 1430 metres..... [more]

• DroneShield And Terma Sign Strategic MOU To Advance Layered CounterUAS Capabilities.... [more]

• Arovella Therapeutics board changes after shareholder requisition notice.... [more]

• Flight Centre shares (ASX: FLT) has fallen to the A$10 psychological barrier, touching its lowest level since early 2021 as a fresh profit downgrade and mounting economic uncertainty trigger an exodus from the once-resurgent travel stock..... [more]

• Australians’ spending with Uber jumped more than $2 billion to $14.5 billion last year, as the transport giant boasts of its confidence in overturning a legal decision forcing it to pay tens of millions of dollars in local payroll taxes..... [more]

• TikTok’s Australian operation has surged towards $1 billion in revenue, jumping 30 per cent on the prior year as the social media giant’s local advertising machine continues to accelerate despite mounting regulatory pressure..... [more]

• Opinion/Analysis - Johannes Faul: Coles’ (ASX: COL) core supermarket business delivered fiscal third-quarter sales growth of 4%, supported by promotional activity and a brief spike in pantry demand.... [more]

• Opinion - Clancy Yeates: The AI craze is a double-edged sword for our banking giants. Few companies outside the technology sector are as enthusiastic about rolling out artificial intelligence (AI) as massive banks..... [more]

World Business News

• Global oil prices top $114 a barrel on worries over supply disruptions due to renewed Middle East tensions. U.A.E. issues a missile-threat alert for the first time since the U.S. and Iran agreed to a cease-fire in early April.... [more]

• If oil is in such short supply, why can’t we simply drill more of it? The answer for the past couple months has been consistent: Oil producers are operating at maximum output, .... [more]

• U.S. Attorney for the District of Columbia Jeanine Pirro on Sunday appeared to abandon a plan to appeal an adverse ruling in her attempts to criminally investigate Federal Reserve Chair Jerome Powell..... [more]

• US to move forward with plans to hike EU car tariffs.... [more]

• Treasury Secretary Scott Bessent winces at the allure of easy money — whether it’s lottery tickets, buy now, pay later loans or the promise of a crypto windfall — warning that the get-rich-quick mindset often leads Americans farther from.... [more]

• Blackstone executive says AI boom driving surge in blue-collar jobs.... [more]

• Anthropic said Monday it is partnering with private equity giants Goldman Sachs and Blackstone to launch a $1.5 billion firm aimed at speeding the adoption of artificial intelligence across hundreds of companies..... [more]

• Elon Musk sought a potential settlement with OpenAI two days before his massive trial against the ChatGPT maker began last week, a new court filing from OpenAI says..... [more]

• GameStop launches a $56 billion bid for eBay — but the math isn’t working out.... [more]

• Shares of eBay are soaring before the opening bell Monday as Ryan Cohen’s GameStop pursues an approximately $56 billion takeover of the company, seeing it as a vehicle to compete with online retail giant Amazon..... [more]

• Middle East tensions including war in ​Iran have led Berkshire Hathaway-owned (BRKa.N), Dairy Queen to put expansion plans in the region on hold, ‌as cautious franchisees address supply-chain disruptions.... [more]

• Berkshire Hathaway is now sitting on a record $397 billion in cash. And it’s not alone in its reluctance to invest in today’s stock market..... [more]

• Novo Nordisk’s Wegovy head start on pills forces investors to rethink Eli Lilly’s GLP-1 dominance.... [more]

• Kalshi announces steps to keep kids off prediction market.... [more]

• Amazon.com (AMZN.O), said on Monday it would allow other businesses to store and ‌ship goods ranging from raw materials to final products through its vast network, as the e-commerce giant moves to challenge a market.... [more]

• Roomba pioneer aims to crack the household market again with an AI-powered pet robot.... [more]

• Eni (ENI.MI), restarted lifting Venezuelan crude oil in April as payment-in-kind for gas produced in the ​country, the Italian energy group said on Monday, ‌adding the move would allow it to recover longstanding receivables from Caracas..... [more]

• Euro zone governments should not lower banks' capital requirements as this would do little to boost ​credit while demand is weak and the environment is ‌fraught with risks including war in the Middle East European Central Bank chief.... [more]

• ECB’s Nagel defends cautious stance, cites inflation risks from prolonged war.... [more]

• UK food prices on track to rise by 50% since start of cost of living crisis. Beef and olive oil costs increase the most as climate and energy shocks drive inflation, research suggests.... [more]

• Chinese car giant Chery wants to be ‘a citizen of the UK’. A British brand, British manufacturing and British exports all on the cards for Chery, along with closer ties with JLR, after two meetings with Prime Minister.... [more]

• Bank of Italy says EU should consider tokenised SEPA payments. Innovation in finance is raising the prospect of the role of central banks being called into question, with implications for ​monetary stability and inflation control..... [more]

• Swiss lawmakers delay UBS capital rules decision until August.... [more]

• Amsterdam has become the world's first capital city to ban public advertisements for both meat and fossil fuel products. Since 1 May, adverts for burgers, petrol cars and airlines have been stripped from billboards.... [more]

• China has ordered its companies to ignore US sanctions, an unprecedented act of defiance that threatens to trap a vast banking sector in the crossfire as tension rises between the world’s largest economies..... [more]

• Price wars, tech wars: China’s auto bloodbath rages on. As China’s EV makers savage each other in bloodlust competition, US, Japanese and German makers should just wave the white flag.... [more]

• Chinese EV sales edge higher in April despite weakening domestic demand. Retail sales of EVs fall 11 per cent year on year in April to 614,000 units – but foreign markets are providing a boost.... [more]

• Chaozhou Three-Circle Group (300408.SZ), a Chinese maker of small ceramic components ‌used in phones, cars, data centres and telecom equipment, aims to raise up to $1 billion in a Hong Kong listing.... [more]

• Hong Kong’s property market is poised for a broad-based recovery as a strong upturn in the residential segment spills over to the struggling office and retail sectors, according to analysts..... [more]

• Hedge fund Segantii Capital Management, its founder and a former trader pleaded not guilty on Monday at ​the start of an insider trading trial at Hong ‌Kong's District Court. The trial, involving what was once one of Asia's largest hedge.... [more]

• Japan Official Cites Rule on Multiple Interventions Being One.... [more]

• The family behind the South Korean corporate giant Samsung has completed its payment of a 12 trillion won (£6bn; $8bn) inheritance tax bill, the largest such settlement in the country's history..... [more]

• India resumes wheat exports after four years but high prices likely to limit demand.... [more]

• Bharat Heavy Electricals Ltd (BHEL) shares rallied nearly 7 per cent on Monday after the company reported a more than 2.5-fold jump in consolidated net profit for the March 2026.... [more]