Market Reports

• Australian Market Report: Australia’s sharemarket has broken a four-session losing streak. The S&P/ASX200 rose 10.3 points on Thursday, up 0.12 per cent to 8640.7, as the broader All Ordinaries edged four points higher, or 0.05 per cent, to 8884.7..... [more]

• U.S. Market Report: The S&P 500 and the Nasdaq touched fresh intraday record highs ​on Thursday, powered by Nvidia's gains and another rally in technology shares, as investors assessed fresh economic data and a high-stakes ‌U.S.-China summit..... [more]

• European Market Report: European markets settled higher on Thursday with investors largely keeping an eye on the U.S.-China Summit in Beijing and closely following the developments in the United Kingdom,.... [more]

• Asian Market Report: Asian stocks ended mixed on Thursday, with the spotlight firmly on a high-stakes summit between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing.Based on Xi Jinping's readout of the meeting.... [more]

Australian Business News

• In welcome news for travellers, the Australian dollar is now sitting comfortably above a four-year high. At 5pm AEST, the Australian dollar was buying 72.63 US cents..... [more]

• Labor’s sweeping changes to negative gearing and capital gains tax are set to increase investor appetite for shares that pay dividends, commercial property, and self-managed super funds as the tax landscape receives its first major.... [more]

• Surging fuel prices and back-to-back rate hikes have changed Australians’ spending behaviour, but it is not the grim economic reckoning experts predicted. Fresh Commonwealth Bank figures show Australian households chose.... [more]

• Discretionary trusts lose their tax mojo.... [more]

• Buy ASX bank stocks or mining stocks? CBA or BHP? ( ...and what to do about CSL).... [more]

• WiseTech Global Shares Continue To Fall From Grace As Growth Reassessed: The Latest.... [more]

• Aware Super has lifted its funds under management (FUM) to $235 billion and brought a further 85,000 members into the fold as a result of its merger with TelstraSuper, which the fund confirmed was officially finalised yesterday..... [more]

• 20 top-performing growth funds over the past five years. A look at Australia’s best-performing growth funds over five years, and the return drivers behind the leaders..... [more]

• ‘It’s just unfair’: Wealthy Boost Juice founder says Australia is now an extremely hard place to get ahead. One of Australia’s most successful business founders has broken ranks to smash the government.... [more]

• Forrestania Resources has delivered a substantial 26 per cent surge in contained gold ounces at its flagship Johnson Range deposit in Western Australia, expanding its total gold inventory to 130,730 ounces..... [more]

• ASX-listed uranium producer Peninsula Energy has put its foot on a US$56 million (A$77 million) funding package designed to accelerate mine development and ramp up production at its Lance uranium project.... [more]

• Ariana Resources confirms scope for growth at Dokwe.... [more]

• Estrella Resources has dropped a bombshell maiden resource in Timor-Leste, tabling a mammoth 621-million-tonne inferred resource at its Werumata limestone project..... [more]

• Aurum Resources has delivered another step-up at its Boundiali gold project in Côte d’Ivoire, lifting its total mineral resource by 6% to 3.22 million ounces of gold and boosting indicated resources 24% to 1.70 million ounces..... [more]

• Rio Tinto shares hit fresh all-time high. Can they keep going?.... [more]

• Mining billionaire Andrew "Twiggy" Forrest's plan for a $70 million luxury resort on the Ningaloo Reef has cleared its final approval hurdle, after years of delays and cutbacks..... [more]

• A government's move to end a 10-year moratorium on fracking in a sensitive coastal region will put farm land and water systems at risk, opponents say. South Australian Premier Peter Malinauskas said potential future gas resources.... [more]

• Leading New Zealand energy company Mercury (ASX: MCU) is set to pour in up to NZ$1 billion as its ramps up its geothermal portfolio. Mercury is committing $75 million to geothermal appraisal drilling.... [more]

• Australian company Bosisto's has opened a new distillery in country Victoria, expanding its local production of eucalyptus oil. The $10 million purpose-built facility near Wedderburn, north-west of Bendigo.... [more]

• Cadbury has once again left sweet-tooths with a sour taste in their mouths after reducing the size of a number of its popular chocolate bars..... [more]

• Court rules Coles misled shoppers with its ‘Down Down’ discount campaign. Landmark finding against supermarket giant comes after competition watchdog argued that markdowns did not represent genuine savings.... [more]

• Coles has been found to have misled shoppers. These charts show how. The pricing patterns of these six products show how Coles was found to have misled consumers through its Down Down pricing patterns..... [more]

• 4DMedical Shares Up Double Digits as Volatile Trading Continues.... [more]

• Lumos reaches key enrolment milestone in BARDA-funded paediatric FebriDx study.... [more]

• The United Nations has forced Firmus to remove its emblem from every page of the AI infrastructure unicorn’s website, in a blow to its marketing as the buzzy pre-IPO contender chases a blockbuster ASX listing.... [more]

• Opinion - Nathan Zaia:n A view after CBA shares plunge. Steady profit, but rising risks and rich valuation give pause..... [more]

• Comment/Opinion - Andrew Beer: Despite some wins, this budget won’t transform regional Australia. Since at least the early 1990s, much of regional Australia has felt overlooked by the rest of the country..... [more]

World Business News

• Kevin Warsh confirmed as Fed chair, succeeding Jerome Powell.... [more]

• Retail sales growth slowed in April from March as higher gas cost leaves less room for nonessentials.... [more]

• US weekly jobless claims increase moderately, labor market remains stable.... [more]

• Cerebras’s stock rockets out of the gate, in a sign the AI boom is as strong as ever. The chip maker’s shares opened 89% above the IPO price before trading was briefly halted for volatility, before rallying further.... [more]

• Apple's (AAPL.O), two-year-old partnership with OpenAI has become strained, with the AI startup failing to see the ​expected benefits from the deal and now preparing possible legal action, ‌.... [more]

• Musk lawyers accuse OpenAI of deception in close of mega-trial.... [more]

• Elon Musk's $1 trillion-plus SpaceX isn't a public company yet, but its size and ambitions are already upending the stock market and sparking questions over the power and influence wielded by such behemoths..... [more]

• Trump discloses big buys of shares in Boeing and Nvidia as the companies look set to gain from his China trip.... [more]

• President Donald Trump told Fox News that China has agreed to buy 200 Boeing jets, according to a clip that aired Thursday. “One thing he agreed to today, he’s going to order 200 jets. That’s a big thing. Boeings,”.... [more]

• Jury orders Boeing to pay $49.5 million to family of 737 MAX crash victim.... [more]

• Silver Lake’s Durban group acquires 25% stake in Las Vegas Raiders.... [more]

• Biogen plans to advance an experimental drug for Alzheimer’s disease to late-stage testing despite disappointing mid-stage trial data, the company said Thursday..... [more]

• UN experts question Starbucks over union campaign allegations.... [more]

• Nearly a year after Trump Mobile started taking $100 deposits and a few days after its website updated to say delivery was “conditional,” the gold-plated Trump Phone will begin shipping this week, the company announced..... [more]

• The Supreme Court on Thursday allowed a man to sue a major logistics company after he lost part of his leg in a semi tractor-trailer crash, a decision that could have big ripple effects across the trucking industry..... [more]

• Dozens of Polymarket Bets Show Signs of Insider Trading, The Times Finds. Dozens of long-shot bets on Polymarket, from the war with Iran to the cryptocurrency market, have defied the odds, according to a New York Times examination..... [more]

• Cuba considers $100m US aid offer as energy crisis worsens.... [more]

• British markets came under renewed selling pressure on Thursday after a key member of the UK government quit his post, raising speculation about a leadership challenge to Prime Minister Keir Starmer's position .... [more]

• Reeves seizes on surprise UK growth as evidence Labour leadership must stay. Chancellor says ‘now not the time to put economic stability at risk’ as ONS records 0.3% growth in first month of Iran war.... [more]

• The UK's economy saw surprise growth in March, despite the month seeing the first impact of the Iran war. The economy grew by 0.3%, confounding analysts' forecasts of a small contraction,.... [more]

• BoE's Pill calls for 'prompt but modest' rate hike to quell inflation pressure.... [more]

• Tate & Lyle in talks over £2.7bn takeover tilt from US rival. London-listed Tate & Lyle said it had received an approach from Illinois-based Ingredion worth 615p per share in cash..... [more]

• Jaguar Land Rover’s annual profits have slumped by more than 99% as it counted the cost of US tariffs and a cyber-attack that disrupted its factories for months.... [more]

• Trust in water companies across England and Wales has plunged to a new low as households grapple with soaring bills, an annual survey has found. Some 13 water companies saw their customer trust ratings fall during the year.... [more]

• Hedge fund proposes £1bn buyout of UK’s biggest private hospital operator. Shares in Spire Healthcare jump after approach from Toscafund, founded by City figure known as ‘the Rottweiler’.... [more]

• Burberry shares fall 7% on no dividend, weak outlook despite margin beat.... [more]

• Portugal's minority centre-right government pressed ahead on Thursday with its labour reform plan, unveiling a slightly revised draft bill after ​talks with unions collapsed, in hope of getting parliamentary approval ‌.... [more]

• Don’t use GDP to judge China’s strength – look at this instead. China continues to tout its 5% GDP growth figure, but the ICOR metric reveals just how badly the nation is wasting capital.... [more]

• Xi-Trump summit: Ford-CATL battery plant shows how global carmakers need China’s prowess. Collaboration with Chinese suppliers ‘the only way international carmakers can compete with Chinese carmakers’, Morgan Stanley analyst.... [more]

• Alibaba shares surge 7% in Hong Kong as firm accelerates pivot to AI.... [more]

• Yen Briefly Rallies as Traders Eye Japan Intervention Risk.... [more]

• The auto industry’s massive pullback from its electric vehicle plans has claimed another victim: Honda, which posted its first annual loss since 1955..... [more]

• The International Monetary Fund's executive board is expected to review a staff level ​agreement reached with Sri Lanka in the coming ‌weeks, IMF spokeswoman Julie Kozack said on Thursday..... [more]

• Pakistan debuts in China's domestic bond market, raises $250 million.... [more]

• US Authorities Move to End Fraud Cases Against Gautam Adani.... [more]

• Air India Group recorded a record loss of more than $2 billion for its 2025-26 fiscal year, according to shareholder Singapore Airlines' (SIAL.SI), opens new tab annual report,.... [more]

• Opinion - Mihir Torsekar: Trump’s best China trade deal is the one he doesn’t make. Three decades of failed engagement with Beijing show why U.S. should walk away from the bargaining table.... [more]