Market Reports

• Australian Market Report: The Australian sharemarket has managed to avoid a third straight day of losses. The benchmark S&P/ASX200 index finished up 1.6 points, or 0.02 per cent, on Thursday at 8724.5, while the broader All Ordinaries lost half a point .... [more]

• U.S. Market Report: Wall Street's main indexes were mixed on Thursday in choppy trading but ​were headed for weekly gains, while a softer-than-expected employment report for June tempered expectations of interest rate hikes by the ‌Federal Reserve..... [more]

• European Market Report: Most of the stock markets across Europe closed on a strong note on Thursday, led by gains in pharmaceuticals, defensive sectors..... [more]

• Asian Market Report: Asian stocks retreated on Thursday as AI-related concerns triggered a sharp sell-off in semiconductor shares..... [more]

Australian Business News

• A rising number of everyday Australians have a seven-figure net worth, according to a global report from Swiss bank UBS. The surge is largely driven by the nation's booming property market..... [more]

• A safety net fund for victims of misconduct in the finance sector is facing a $170m shortfall after the recent collapse of several major firms. It is the latest blow for victims of the failed First Guardian Master Fund and the Shield Master Fund.... [more]

• ASX IPOs are popping on debut then fading fast. The first nine listings of 2026 are all now trading in the red..... [more]

• Are ASX banks ANZ, CBA, NAB & WBC flagging major sell signals?.... [more]

• Perpetual Ltd has rejected an unsolicited takeover proposal from an EQT Partners-controlled subsidiary, saying the more than $2.5 billion offer did not adequately value the listed wealth manager..... [more]

• The latest mid-year analysis from the World Gold Council has recounted a “dramatic rollercoaster ride” for the precious metal given its surge to record highs in January before dropping by around seven per cent year-to-date..... [more]

• PLC Resources lights up giant new WA gold hunting ground in Murchison.... [more]

• China's state iron ore buyer has asked some domestic steel mills not to take delivery of certain portside iron ore products from Fortescue, the latest Australian miner to fall foul of Beijing's push to increase control over the market..... [more]

• Krakatoa Resources commences underground drilling at Zopkhito.... [more]

• Taruga builds case for large-scale gold system at East Normanby.... [more]

• Global miner BHP has filed an environmental permit application to reopen Chile’s Cerro Colorado copper mine at a cost of $US1.5 billion..... [more]

• Lindian Resources has moved from builder to miner at its giant Kangankunde rare earths project in Malawi after firing the operation’s first production blast to start active mining..... [more]

• $160 million government loan aims to protect an outback fertiliser industry.... [more]

• What Could Microsoft’s Data Centre Deal With CVX Mean for ASX Energy? Chevron Corporation (NYSE:CVX) recently announced a strategic partnership with Microsoft to develop Project Kilby.... [more]

• Where does GYG stand following its US exit? All roads lead back home for Guzman Y Gomez..... [more]

• Algorae Pharmaceuticals (ASX: 1AI) has provided further details on its recently announced NSW Health supply agreement, confirming the deal represents a strategic step towards building recurring pharmaceutical revenue..... [more]

• Nationwide shoe retailer Betts is the latest household name to strike trouble, announcing on Thursday it has gone into voluntary administration. The company, which was founded in Western Australia more than 130 years ago.... [more]

• Food deliveries might sneak up on you in future after one of Australia’s major supermarkets signed a deal to add 148 electric trucks to its fleet. The Clean Energy Finance Corporation announced a $22 million agreement on Thursday.... [more]

• An Australian beach lifestyle brand Swim Shady has won a trademark battle against US rapper Eminem despite his opposition. US rapper Eminem, or Marshall Mathers, challenged the business to stop using the brand name.... [more]

• New KPMG chair under fire over ‘false’ whistleblower claims.... [more]

• Comment - Should you buy property or stocks? Here's what you need to consider. Property and ASX shares have traded places as the better performer multiple times in recent years. Here is what to actually weigh up between the two..... [more]

World Business News

• Oil prices are now back to prewar levels, but the market is not. Here’s what could happen next..... [more]

• US job growth settled down after a spring surge, as employers added a lower-than-expected 57,000 positions last month, according to Bureau of Labor Statistics data released Thursday..... [more]

• Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks.... [more]

• OpenAI may give the U.S. government a 5% stake in the company, per the Financial Times. The proposal is in very preliminary conversations, according to a person familiar with the matter..... [more]

• Base44 wants to help users ditch the cookie-cutter look of AI-coded websites with its new AI model. The San Francisco-based vibe coding startup announced on Monday that it had trained and released its own.... [more]

• Energy Department Orders Data Centers to Tap Backup Power. As triple-digit temperatures engulf much of the United States, the Trump administration wants grid managers to require the use of backup power that often goes unused..... [more]

• Sodexo shares up 6% after Q3 organic sales growth beats forecasts, guidance raised.... [more]

• Ford Q2 sales drop 10.3% due to F-Series supplier issue, falling EV demand.... [more]

• Ford CEO warns of 'huge crisis' in US because of AI, lack of workers for skilled trade jobs ++video only++.... [more]

• Tesla on Thursday disclosed that it delivered tens of thousands more vehicles than expected. But that wasn’t enough to please investors. Tesla shares were down about 8% on Thursday.... [more]

• U.S. Steel, one year after the sale to Japan's Nippon Steel.... [more]

• Sandwich chain Jersey Mike’s filed for an initial public offering on Thursday, reporting that its same-store sales cumulatively climbed 50% from 2020 through 2025..... [more]

• Blackstone’s QTS said to abandon Virginia data center project.... [more]

• After weeks of complaints from frustrated fans, StubHub is being sued by customers who say the ticket reseller’s inability to fulfill orders crushed their dreams of going to World Cup..... [more]

• Bank of England policymaker Catherine Mann said on Thursday that she would be ready to ​vote for a rate rise if higher inflation expectations in the wake of ‌the U.S.-Iran war make it less likely that inflation will return to its 2% target..... [more]

• Bankers and unions set for clash over possible Burnham tax raid on UK banks. City bosses say move would be economically disastrous, but union leaders urge likely new PM to ignore ‘vested interests’.... [more]

• Britain's threat to intervene in the $110 billion Paramount-Warner deal could be less about blocking the transaction than extracting commitments on UK news, children's TV and investment, with the cost of any delay.... [more]

• Getty Images has scrapped its £2.8 billion merger with rival Shutterstock after Britain’s competition watchdog ruled a significant divestment was necessary for the deal to proceed..... [more]

• Ryanair has warned of “queue chaos” this summer at EU airports because of new fingerprint checks, as the European Commission invited the air industry to an urgent meeting next Tuesday to discuss concerns.... [more]

• Riding a wave of booming cross-border dealmaking, China’s AI-driven drug-design firms are charging onto the global stage despite Washington’s growing scrutiny of Chinese biotech firms..... [more]

• Plaza Accord 2.0 talk won’t fix anybody’s China problem. German leader Merz’s call for a forced revaluation of the yuan misses the point that China isn’t Japan and 2026 isn’t 1985.... [more]

• Police in Singapore have seized a multi-million dollar luxury home that was allegedly bought using proceeds from smuggling Nvidia artificial intelligence (AI) chips. The property last changed hands for 55 million Singapore dollars.... [more]

• Assets and wealth under management in Hong Kong surged to a record high last year as global investors returned to Chinese assets, underscoring the city’s edge over Switzerland as a wealth hub..... [more]

• India and Japan on Thursday announced a series of major initiatives, including a new economic partnership framework, a defence agreement for the joint development.... [more]

• MacRitchie Investments plans to sell up to $200 ​million worth of shares in ‌PB Fintech (PBFI.NS), the Indian online insurance and lending marketplace that runs Policybazaar and ​Paisabazaar.... [more]

• Opinion - Daniel Moss: Fighting Yen Psychology Is a Losing Battle.... [more]