Market Reports

• Australian Market Report: The S&P/ASX 200 rose 32.60 points, or 0.4 per cent, to 8841.10, with six of its 11 industry sectors closing in the green. The Australian dollar was up 0.2 per cent at US69.87¢ in late afternoon trade..... [more]

• U.S. Market Report: Wall Street's main indexes rose slightly on Wednesday as cooler-than-expected producer inflation data and upbeat corporate earnings ​lifted sentiment, but a selloff in chip stocks limited gains..... [more]

• European Market Report: The major European markets ended on a mixed note on Wednesday as worries about escalating tensions in the Middle East and higher bond yields rendered the mood cautious, preventing investors from making significant moves..... [more]

• Asian Market Report: Asian stocks rose broadly on Wednesday as a softer-than-expected U.S. inflation print helped reduce concerns of a possible interest-rate hike by the Federal Reserve in the near term..... [more]

Australian Business News

• Trump’s Hormuz shipping levy raises fears of higher fuel prices In Australia.... [more]

• How AI's butterfly effect is rippling through every corner of the ASX. Fully priced banks and miners, an AI capex boom built on shaky logic, and rising bad debt risk leave few safe places on the ASX..... [more]

• Emerging markets are outperforming. Is this the best ETF to gain exposure? After years of lagging US equities, emerging markets are staging a comeback. But not all ETFs are created equal..... [more]

• The corporate regulator has launched legal action to wind up financial planner Capital Guard, citing serious concerns about the firm’s handling of $17.4 million worth of investor funds..... [more]

• Marsh has promoted Mercer Pacific Chief Financial Officer, Court Haas to the position of interim chief executive of Mercer Super. The company said Haas’ elevation would become effective from 13 August.... [more]

• Rio Tinto cuts copper cost guidance as Pilbara posts biggest half since 2018.... [more]

• Rio2 breathes new life into Canadian critical minerals project.... [more]

• Corazon Mining has hit the ground running at its newly acquired Chalice gold project in Western Australia, unearthing multiple high-grade gold intercepts from a review of historic data before a drill rig has even turned a rod..... [more]

• Freehill Mining posts record $1.35 million quarterly sales as aggregates growth backs copper strategy.... [more]

• Lindian Resources has successfully ticked off another key technical milestone for its Kangankunde rare earths project in Malawi. Metallurgical testwork by the Australian Nuclear Science and Technology Organisation (ANSTO).... [more]

• Here’s what’s at stake as BHP workers prepare for a historic strike. On Thursday, up to 200 workers at mining giant BHP’s Port Hedland export terminal will take protected industrial action for eight hours..... [more]

• Pumped hydro and solar project approved for Gloucester, NSW.... [more]

• Elixir Energy (ASX:EXR) has elected to shut in the Lorelle-3H well as it moves to deal with unstable flow and surges in different stimulation zones in the high-impact appraisal well within Queensland’s Taroom Trough..... [more]

• The United States International Trade Commission is investigating whether to impose additional tariffs on Australian lamb. It has launched a global safeguard investigation to determine if lamb meat imported from other countries.... [more]

• EMVision advances pivotal stroke trial as clinical programs accelerate in Q4 FY26.... [more]

• James Hardie Shares Bounce as Guidance-Led Rally Tests Resistance.... [more]

• The Tasmanian government could purchase the almost 150-year-old James Boag brewery after a meeting with Japanese parent company Kiri, Premier Jeremy Rockliff has revealed..... [more]

• 17m viewers and counting: World Cup bargain delivers ratings screamer for SBS. More than 17 million Australians have viewed the FIFA World Cup on SBS during the first 100 matches of the tournament.... [more]

• Comment/Analysis - Tristan Harrison: How many CBA shares do I need to buy for $10,000 of passive income? Can CBA still provide investors with good passive income?.... [more]

World Business News

• America’s oil refiners could more than triple profits as Iran war sparks massive boom.... [more]

• US money market funds turn defensive with Fed rate outlook uncertain.... [more]

• Inflation at the wholesale level cooled last month, helped by a sharp drop in energy prices, according to data released Wednesday by the Bureau of Labor Statistics..... [more]

• Morgan Stanley on Wednesday posted record revenue and profit for the second quarter, driven by a 69% surge in equities trading revenue..... [more]

• Palantir’s CTO Sees Chinese AI Models Posing Economic Risk to US.... [more]

• Anthropic is lining up meetings with investors ahead of a potential initial public offering later this year. Bankers leading the offering are scheduling meetings between prospective investors and executives of the artificial intelligence firm.... [more]

• Bank of America CEO bullish on economy powered by spending. Affordability pain is real, but resilient consumers are still infusing money into the economy, Brian Moynihan, CEO of Bank of America,.... [more]

• ‘Arsenal of democracy’: Jamie Dimon announces $24 million effort to boost American shipbuilding.... [more]

• SpaceX’s stock breaks below its IPO price for the first time. Why it could still fall further..... [more]

• Morgan Stanley stays bullish on aerospace, defense ahead of Q2 earnings.... [more]

• IBM's CEO just showed what taking accountability looks like. When IBM delivered bad news on Tuesday, CEO Arvind Krishna didn't look for someone else to blame. He owned it..... [more]

• Aqua Capital-led group buys 100,000 Energizer Holdings (NYSE:ENR) shares for $2.02m.... [more]

• Airbus (AIR.PA), and Boeing (BA.N), have in recent weeks chartered one of the world's largest cargo planes to speed up shipments of ‌aerostructures for some civil and military aircraft, a sign of lingering strains in the aerospace supply.... [more]

• 26 Meta employees sue, alleging AI-driven layoff picks hit workers on medical and parental leave.... [more]

• Jonathan Haskel, a former Bank of England interest rate-setter who has been nominated to head Britain's budget forecasting agency, said on Wednesday he was less optimistic than most other analysts about the outlook.... [more]

• Labour should ditch triple-lock pensions promise, says OECD. Organisation’s experts say pledge puts pressure on UK public finances and ‘adds significant fiscal risks’.... [more]

• Uber Technologies is reportedly in advanced negotiations to acquire German food delivery giant Delivery Hero, a move that could significantly expand the US company's global footprint. Delivery Hero confirmed on Tuesday.... [more]

• Thames Water increases bonus payments to £4m despite uncertainty over future. Annual results show struggling firm’s net debt has risen to £19.7bn, up from £17.7bn a year earlier.... [more]

• TikTok is driving consumers back to local high streets, with more than 10 million people visiting a cafe or shop they discovered on the platform, according to new research..... [more]

• What India-UK trade deal could mean for shoppers.... [more]

• All that glitters isn’t gold for Asia’s central banks. Stubbornly strong dollar has turned gold’s rally into a rout, with region’s de-dollarizing central banks left holding the bag.... [more]

• China's economy grows 4.3% in Q2, slowest since late 2022.... [more]

• China eyes broader global access to yuan assets, as panda bond demand surges. Beijing plans further reforms to make it easier to issue and trade panda bonds, as it focuses on boosting the yuan’s role as a global currency.... [more]

• China's DeepSeek to raise fresh capital at $74 billion valuation ahead of onshore IPO, sources say.... [more]

• China’s booming luxury housing market is keeping more wealth onshore, a trend that analysts say may pose a growing challenge to Hong Kong’s still resilient high-end residential market..... [more]

• Xbox workers stunned after jobs 'bloodbath'.... [more]

• India pledged a further 1.9 trillion rupees ($19.7 billion) to boost domestic chip and smartphone production, advancing its ambitious bid to become a global manufacturing hub..... [more]

• India's balance of payments (BoP) remained in a deficit for the second consecutive month in May, as capital outflows added ​to the pressure of a current account deficit, central bank ‌data showed on Wednesday..... [more]