Market Reports

• Australian Market Report: Australia’s sharemarket has started the week higher. The S&P/ASX200 rose 35 points on Monday, up 0.4 per cent, to 8692, as the broader All Ordinaries gained 38.2 points, or 0.4 per cent, to 8915.4..... [more]

• U.S. Market Report: Wall Street was closed in observance of Memorial Day Holiday on Monday. After turning in a strong performance throughout much of the session on Friday, stocks gave back some ground in the latter part of the trading day.... [more]

• European Market Report: European stocks closed higher on Monday, and several markets climbed to multi-month highs amid rising optimism about Iran and the United States reaching a peace deal that could result in the reopening of the Strait of Hormuz..... [more]

• Asian Market Report: Asian stocks advanced on Monday as hopes for a U.S.-Iran peace deal sent oil prices sharply lower and eased inflationary concerns..... [more]

Australian Business News

• The economic cost of fewer homes changing hands. State governments may become the Budget’s biggest casualty if fewer property transactions hammer stamp duty revenues..... [more]

• CBUS Super is pushing for an end to the social media clickbait financial advice ads that led to thousands of Australians losing their life savings. The superannuation giant has voiced its opposition to the high-pressure sales tactics.... [more]

• The Australian Prudential Regulation Authority (APRA) has delivered superannuation funds a reduction in regulatory costs by excluding company secretaries and other management personnel from the change of ownership.... [more]

• Along with the vulnerability of global supply chains, the Iran war has also exposed the overlooked parts of Australia's manufacturing sector needed in a crisis..... [more]

• The 10 most shorted ASX stocks plus the biggest risers and fallers – Week 22. Short sellers pile into the ASX's most battered names as Lotus Resources, Healius, Elders and Bapcor extend their brutal selloffs..... [more]

• World’s biggest miner BHP backtracks on climate action with key projects put on ice, leaked documents reveal.... [more]

• BHP's vast WA iron ore operations are forecast to cut emissions by just 1 per cent by 2030, leaked internal documents reveal, raising doubts inside the company about whether it can meet its pledge to reach net zero by 2050..... [more]

• Dalaroo Metals has wrapped up planning and mobilisation activities for a highly anticipated 2026 exploration season at the company’s Blue Lagoon critical minerals project in southern Greenland..... [more]

• Western Mines Group has again unveiled a long stretch of nickel mineralisation, hitting a 230.2 metre interval grading 0.3 per cent nickel from only 90m depth at the company’s Mulga Tank project, on the Minigwal Greenstone Belt.... [more]

• Amplitude Energy (ASX:AEL) plans to fast-track development of the Artisan gas field and its East Coast Supply Project (ECSP) in the offshore Otway Basin after obtaining a 50% interest from Beach Energy..... [more]

• Black Canyon has grown the mineralised footprint at its Wandanya manganese and iron discovery in WA, with early results from resource definition drilling returning shallow and high-grade intercepts..... [more]

• Augustus Minerals has wasted little time getting back on the rig at its Music Well gold project near Leonora in WA, launching an immediate follow-up drilling campaign after a promising maiden program at the Clifton East prospect..... [more]

• Forrestania snaps up new gold ground near Southern Cross.... [more]

• Australia is forcing Chinese investors out of rare‑earths projects. That creates other risks. It’s been a significant month for Australia’s ambitions to become a critical minerals superpower, while balancing its relationships with China.... [more]

• ASX Coal Stocks Jump as China Accident Sparks Supply Concerns.... [more]

• Inside the vaults of Australia’s legal MDMA and psilocybin magic mushroom trade. But at a manufacturing hub in Brisbane, MDMA is being packed into capsules, for hospitals and clinics across the country..... [more]

• Nutritional Growth Solutions Ltd (ASX:NGS) has entered into a binding agreement to acquire 100% of Sprout Organic Pty Ltd, owner of what the company says is the world’s first FSANZ-approved 100% organic, plant-based infant formula.... [more]

• Investors cheer Guzman dialing back global ambitions.... [more]

• Australians are being warned of higher mobile plans, slower internet and even a stalling of the 6G rollout as the major telcos deal with a $7.3bn cost. In a grim warning to households, the telcos say.... [more]

• Qantas’s plans for non-stop flights from Sydney, London and New York have suffered a setback, with Australian travellers now having to wait until 2027 for the ambitious plan..... [more]

• Opinion - Clancy Yeates: Our $1 trillion debt doesn’t scare markets – but it still has a cost. In the next few months, the federal government’s gross debt is expected to hit $1 trillion. .... [more]

• Explainer - Sebastian Bowen: SpaceX IPO: What are dual-class shares? SpaceX will have a highly unusual share structure..... [more]

World Business News

• UN lowers forecast for global economic growth in 2026 over Mideast energy crisis.... [more]

• Oil slips to two-week low as US and Iran seen moving closer to deal.... [more]

• Gold prices climb as U.S.-Iran peace hopes weigh on oil, dollar.... [more]

• Stocks are riding an earnings hot streak — but investors are facing a summer that’s rife with risks. A spate of jumbo-sized IPOs and waning oil inventories could create problems for the market.... [more]

• Democrats feud over stock trading as they sharpen anti-corruption case against Trump. After three terms in the U.S. House and two unsuccessful campaigns for the U.S. Senate, Colin Allred said he’s heard plenty about voters’ suspicions.... [more]

• Trump and Warsh's fates are now tied, for better or worse. Former U.S. Federal Reserve Chair Jerome Powell was a handy foil for President Donald Trump, a target of blame for everything from high mortgage interest rates to.... [more]

• 5 ways Pope Leo says AI could warp humanity.... [more]

• The co-founder of AI company Anthropic said on Monday that the development of artificial intelligence cannot be ‌left solely to technology companies, urging greater oversight from religious leaders, governments and civil society..... [more]

• Mastercard’s stock is up 11,000% since its IPO 20 years ago. What comes next? Mastercard is in an elite club. Among S&P 500 components, only Nvidia and Apple shares have performed better since the card company’s IPO..... [more]

• Australia's Guzman y Gomez sued in US over alleged failure to notify staff of closure.... [more]

• The European Union is planning to fine ​Alphabet's (GOOGL.O), Google a high triple-digit million euro ‌amount as part of an antitrust investigation, Germany's Handelsblatt newspaper reported, citing commission sources..... [more]

• Rachel Reeves has instructed cabinet colleagues to award government contracts in four critical industries directly to British companies, making clear her irritation that ministers have been sending too much government business abroad..... [more]

• British Airways raises price of Avios reward tickets.... [more]

• Nine in 10 retailers based in rural locations have been victims of crime in the past 12 months, according to research, underlining the widespread impact of the rise in shoplifting and theft even in more remote parts of the UK..... [more]

• Ferrari's Luce leads bold leap into uncertain electric era. As its sports car rivals tap the brakes on a shift ​to EVs, Ferrari (RACE.MI), will take a leap into an uncertain era on Monday with the launch of its first fully-electric car.... [more]

• Portugal's airline TAP said on Monday its first-quarter loss narrowed 63% ​from a year ago to €39.9 million ($46.5 ‌million) on higher revenue, but warned that rising jet fuel prices due to the Iran ​conflict will weigh in coming quarters..... [more]

• Twenty-six US semiconductor firms, from Qualcomm to Nvidia, saw their China revenue climb by an average of 20 per cent last year, despite trade tensions, according to a new analysis..... [more]

• China Traders Rush for Exit After Cross-Border Flow Crackdown..... [more]

• Huawei Technologies has unveiled a new scaling law and chip architecture intended to deliver transistor performance equivalent to a 1.4-nanometre process node – representing the leading edge of semiconductor development.... [more]

• $140,000 E.V.s and Heritage Gold: The Rise of China’s Homegrown Luxury Market. As China’s economy slows, consumers are increasingly turning to domestic luxury products, challenging the dominance.... [more]

• Toshifumi Suzuki, the Japanese businessman credited with creating the 7-Eleven convenience-chain global retail empire, has died. He was 93. Suzuki, an honorary adviser at Seven & i Holdings, died on May 18 of heart failure.... [more]

• Indian billionaires buy foreign companies as growth slows at home.... [more]

• India's central bank will do "whatever is required" to ensure orderly movements in the foreign ​exchange market, Reserve Bank of India (RBI) Governor ‌Sanjay Malhotra told Mint newspaper in an interview..... [more]

• Opinion - Nimra Khalil: The ‘cockroaches’ India’s elite created — and can’t exterminate. Viral meme won’t fix 45% youth unemployment or corrupt exam system, but has done what the media wouldn’t dare do: Say it out loud.... [more]