Market Reports

• Australian Market Report: The benchmark S&P/ASX 200 closed 26.9 points higher on Wednesday, up 0.3 per cent, at 8830.4, as the broader All Ordinaries rose 14.5 points, or 0.2 per cent, to 9095.2..... [more]

• U.S. Market Report: The S&P 500 and the Nasdaq hit intraday record highs on Wednesday, lifted by a surge in Oracle, while cooler-than-expected inflation data supported expectations the U.S. Federal Reserve will cut interest rates next week..... [more]

• European Market Report: European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front..... [more]

• Asian Market Report: Asian markets finished trading on a positive note on Wednesday, tracking the overnight advance to record highs on Wall Street. A larger-than-expected decline in consumer prices in China reignited hopes of fresh governmental support..... [more]

Australian Business News

• The fast-tracked expansion of the federal government's Home Guarantee Scheme will almost double the number of affordable homes available to first home buyers, according to Cotality's latest data..... [more]

• Transaction behemoth Visa says removing debit and credit card surcharge fees would curb innovation and hit small businesses. The Reserve Bank of Australia is working toward scrapping surcharge fees.... [more]

• NAB to axe more than 400 jobs, union slams banks after ANZ's plan to slash 3,500 roles.... [more]

• The level of superannuation assets invested via platforms has grown by just under $100 billion over the past two years, according to the latest data published by the Australian Prudential Regulation Authority (APRA)..... [more]

• High valuations are the cost to play in equity markets. There are risks, but highlighting “risks” versus “when risk matter” are two different things..... [more]

• The Federal Court has rejected BHP Group Ltd (LSE:BHP, ASX:BHP)’s attempt to stay a landmark Fair Work Commission(FWC) decision, paving the way for 2,200 mineworkers to receive average pay rises of A$30,000..... [more]

• It's a sea of red for lithium stocks, with household names like Pilbara Minerals and Liontown Resources down more than 10% on Wednesday..... [more]

• The Albanese Government will make a final decision on the future of a resources giant’s massive North West Shelf gas project as soon as Friday. Environment Minister Murray Watt The Federal minister has given notice.... [more]

• Dateline Resources has launched a 10,000-metre drilling assault at its 1.1-million-ounce Colosseum gold and rare earths project in California, targeting resource expansion and newly identified rare earths prospects .... [more]

• EV Resources snaps up Nevada antimony project; will raise $5.5M for it, Los Lirios.... [more]

• Hastings Technology Metals is streamlining its project portfolio by offloading its Western Australian gold assets to Metal Bank in a $2.3 million deal allowing the company to zero in on its flagship Yangibana rare earths project.... [more]

• Sayona Mining Shares (ASX:SYA) Fall Sharply Despite Upgrade.... [more]

• Litchfield Minerals has struck promising results at its Lucy Creek 2 project, about 250 kilometres northeast of Alice Springs, with laboratory assays from surface rock chip sampling revealing high-grade manganese and.... [more]

• When Guzman y Gomez listed on the share market last year, there was euphoria. Now the price is near-record lows, as the company struggles with one big problem..... [more]

• A Queensland landholder has been awarded more than $50 million in compensation for a coal mine expansion that will drastically reduce the size of his cattle properties..... [more]

• Huge 36-storey South Perth development cost soars by $143 million in five years.... [more]

• Opinion - Stephen Bartholomeusz: There’s a $75 billion-plus question mark hanging over the $US50 billion merger of Anglo American and Canada’s Teck Resources unveiled overnight..... [more]

• Comment - Cameron England: What deep job cuts mean for ANZ shares. ANZ's job cuts might herald further cost-cutting at the bank, and a potential risk to dividends..... [more]

• Opinion - Simonelle Mody: Can this strategy pick better stocks? How one attribute might lead to company outperformance. .... [more]

• Explainer - James Gerrard: Why government help may be setting up first-home buyers for failure. The Albanese government’s Home Guarantee Scheme, which helps people buy homes using smaller deposits.... [more]

• Analysis - David Taylor: Gold price surges to all-time highs as global investors seek 'safe haven' and don't find it in US dollar.... [more]

World Business News

• Court rules Lisa Cook can remain a Fed governor while fighting Trump’s attempt to fire her.... [more]

• Trump administration appeals ruling blocking removal of Fed Governor Cook.... [more]

• U.S. producer prices fell unexpectedly last month, dropping 0.1% from July. The Labor Department reported Wednesday that its producer price index — which captures inflation in the supply chain before it hits consumers.... [more]

• Why Broadcom’s stock is leading the chip sector’s rally on Wednesday. Broadcom CEO Hock Tan has the potential for a big payday if he can hit ‘challenging’ new targets for AI revenue.... [more]

• Oracle shares surged about 43% to a record high on Wednesday, putting the company on track to join the elite trillion‑dollar club, after it showcased its rise as a major AI cloud provider..... [more]

• AI infrastructure company Nebius to raise $3 billion to fuel growth.... [more]

• Shares of Swedish buy now, pay later company Klarna jumped sharply in its highly anticipated public debut on the New York Stock Exchange on Wednesday, the latest in a run of high-profile initial public offerings this year..... [more]

• Paramount said on Wednesday that Meta (META.O) executive Dane Glasgow will join the media company as its chief product officer. In his new role, Glasgow will oversee the company's product strategy and vision.... [more]

• Sandwich shop chain Potbelly will be acquired by convenience store operator RaceTrac in a $566 million all-cash deal, Potbelly announced Wednesday. The deal is expected to close in the fourth quarter of the year. Shares of Potbelly shot up.... [more]

• Unilever's ice cream unit spinoff is moving forward, but the founders of Ben & Jerry's are hoping to scoop out their namesake brand. Ben Cohen and Jerry Greenfield, who no longer control or run the Vermont-based business.... [more]

• Who is Larry Ellison, who just became the world’s richest person? .... [more]

• Mexico will raise its tariffs on automobiles from China and other Asian countries to 50%, from a prior level of 20%, Economy Minister Marcelo Ebrard said on Wednesday..... [more]

• Donald Trump has called on the European Union (EU) to hit China and India with tariffs of up to 100% to force Russian president Vladimir Putin to end the war in Ukraine..... [more]

• France's fiscal problems and shaky political set up are unlikely to be solved by the appointment of new Prime Minister Sebastien Lecornu, credit rating firm S&P Global said on Wednesday..... [more]

• US drugmaker Merck scraps £1bn London research centre and cuts 125 science jobs. New blow to UK’s key life science sector as industry body says country is losing ground on investment and research.... [more]

• Ozempic maker to slash 9,000 jobs globally as competition intensifies. Novo Nordisk’s plans would result in around 11% of the pharmaceutical giant’s 78,400-strong workforce being axed..... [more]

• Strong Danish economy can ride out Novo Nordisk downturn, finance minister says.... [more]

• Chinese consumer electronics makers, from power bank manufacturers to robot cleaner vendors, are showing unprecedented enthusiasm for Europe amid trade uncertainties stemming from US President Donald Trump’s policies.... [more]

• Zijin Gold targets over $30 billion valuation in Hong Kong IPO, sources say.... [more]

• Chinese electric vehicle (EV) maker Nio plans to raise more than US$1 billion in fresh funds with a share sale to enhance its development and replenish capital amid a price war..... [more]

• India Plans Relief Package for Exporters Hit by Trump’s Tariffs.... [more]

• The growing policy divide between the United States and the European Union on Russian oil exports to India is likely to play out in a small reduction in crude flows in October, analysts and trade sources with knowledge of loading plans said..... [more]

• Analysis - Elisabeth Buchwald: Massive jobs revisions are a stain on Joe Biden’s legacy, too .... [more]