Morning business roundup
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Australian Market Report: The global economy is facing its biggest shock since the depths of the pandemic after oil prices soared to $US116 a barrel and $80 billion was wiped from the Australian sharemarket. .... [more]
U.S. Market Report: Wall Street's main indexes were off session lows on Monday as a rebound in technology stocks softened the blow from investor concerns that soaring oil prices could exacerbate inflation pressures..... [more]
European Market Report: European stocks went sliding down south Monday morning, with many of the markets falling to multi-month lows, as deepening conflict in the Middle East, and rising concerns about inflation due the steep rise in oil prices.... [more]
Asian Market Report: Asian stocks tanked on Monday as oil surged above $100 a barrel for the first time since 2022 amid escalating political tensions in West Asia..... [more]
Australians are being urged not to panic buy food as the deepening crisis in the Middle East hits the bowser. The US-Israeli war on Iran entered its 10th day on Monday..... [more]
Towns in regional WA have begun rationing fuel, selling it for emergency purposes only as the war in the Middle East begins to impact the state..... [more]
Perth’s average petrol price will be about 35¢ a litre more expensive on Tuesday compared with last week, threatening to upend what has become known as “cheap fuel” day..... [more]
NAB warns rising petrol prices could drive inflation above 5 per cent.... [more]
The 10 most shorted ASX stocks plus the biggest risers and fallers – Week 11.... [more]
Time is running out for superannuation savers wanting to take advantage of a key tax benefit that helps them beef up their retirement balances. Catch-up super contributions, officially called carry forward contributions, .... [more]
Labor’s plan to raise the tax rate on the largest super balances will become law after the Greens agreed to wave it through the Senate, ending a three-year political fight over concessions for wealthier retirees..... [more]
Property has negative gearing. What do shares have? The most common tax deductions for share investing..... [more]
Restricting Australia’s migrant intake is not a silver bullet that will fix the nation’s housing crisis, an influential think tank has warned, challenging an argument often put forward by Coalition MPs..... [more]
Rox Resources (ASX: RXL) has received as much as $350 million in debt facilities from a syndicate of leading global banks to fully fund the development of the Youanmi gold project in Western Australia..... [more]
IAG Shares Fall To New Low As YTD Decline Approaches 20%.... [more]
The Australian Securities and Investments Commission (ASIC) has flagged convening an industry and expert roundtable in May to further develop its approach to tokenisation..... [more]
88 Energy shares soar against backdrop of higher crude prices.... [more]
Why oil and LNG prices are spiking, and what it means for Santos and Woodside. Santos is the better bet for oil price leverage, but Woodside has more gas price participation..... [more]
Australia’s final two oil refineries are locked in negotiations with the Albanese government over an increase in taxpayer subsidies they say is critical for their survival, just as the war in the Middle East renews focus.... [more]
Gateway Mining has unveiled a significant new gold exploration corridor stretching 15 kilometres across its Glenburgh South project in Western Australia’s Gascoyne region, putting the Perth-based explorer squarely in the.... [more]
A fertiliser plant in outback Queensland has been sold for up to $100 million, potentially saving the area's critical copper industry. Global explosives company Dyno Nobel's Phosphate Hill operation in north-west Queensland.... [more]
Australian exporters hit with eye-watering ‘war risk’ surcharges. Foreign shipping giants are slapping Australian exporters with “war risk” surcharges worth hundreds of thousands of dollars while their products are already at sea.... [more]
Why the CSL share price just hit a 9-year low. CSL shares slump to levels last seen in December 2017..... [more]
A major outsourced call centre operator has been accused of pressuring managers to fabricate performance statistics and sweep serious privacy breaches involving Centrelink customers “under the rug”..... [more]
Opinion - Clancy Yeates: Why the Aussie dollar isn’t a ‘whipping boy’ any more. Something unusual has been happening to the Aussie dollar lately: it’s been bucking its reputation for flying high in the economic good times,.... [more]
Analysis - Jonathan Barrett: Woolworths trumpeted eight consecutive quarters of price declines. Here’s why that claim doesn’t pass the pub test. To truly pay less than two years ago, a family might need to make dinner from.... [more]
US stock traders are unprepared for a correction in the S&P 500 that would see the gauge fall as much as 10% from its peak as a result of the war in Iran, according to JPMorgan Chase & Co.’s trading desk..... [more]
History shows the economic and market impact of oil's $100 shocker will depend on how long it lasts.... [more]
Back to the 1970s? Investors brace for a return of stagflation. Investors are now seriously considering the possibility that war in the Middle East could create a stagflationary shock, just as it did 50 years ago,.... [more]
Treasury yields climb as investors fear the surge in oil prices and risk of stagflation. The 2-year Treasury yield was rising Monday after seeing its biggest weekly jump since April.... [more]
Trump Says ‘I Have a Plan’ as War Triggers Tumult in Oil Market.... [more]
As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected. On Tuesday, March 10, 2026, the spotlight will be on the housing sector.... [more]
Anthropic is suing the Trump administration for what it calls an “unlawful campaign of retaliation” against the artificial intelligence company over its refusal to allow unrestricted military use of its technology..... [more]
Live Nation and Ticketmaster have reached a settlement with federal authorities over accusations the ticket giant’s business practices created a monopoly of the live events music industry..... [more]
Trump bought Netflix and Warner Bros bonds at height of bidding war with Paramount.... [more]
Struggling beer sales should spell doom for the world’s largest brewer. Anheuser-Busch InBev hasn’t gotten that memo. The company has emerged on the other side of a Bud Light boycott as a bright spot among an industry.... [more]
Cboe to launch prediction market contracts beyond binary bets, offering partial payouts.... [more]
Hims & Hers Health and Novo Nordisk end lawsuit over weight loss medications, enter collaboration.... [more]
Activist investor Starboard Value has built a sizable stake in Lamb Weston (LW.N), and is urging the french-fry maker to speed up operational improvements and cost cuts to help lift its stock price, .... [more]
Venezuelan inflation at 14.6% in February, central bank says.... [more]
A surge in British government bond yields on Monday eased in late trading and investors scaled back their bets on a possible Bank of England rate hike later this year due to the war in the Middle East, which looks set to drive up inflation..... [more]
PM warns of impact of Iran conflict on UK economy.... [more]
UK inflation likely to rise because of Middle East war, says Rachel Reeves. British chancellor says she will take steps to help families with cost of living as oil prices surge.... [more]
From petrol prices to mortgage rates, the US-Israeli war with Iran has already had an impact on people's finances in the UK. How deep and sustained that turns out to be depends on the duration of the conflict.... [more]
Roman Abramovich ready to fight UK government over proceeds from £2.5bn Chelsea sale.... [more]
Roche shares drop as oral breast cancer drug combination fails key trial.... [more]
Shares in Danish biotech firm Zealand Pharma plummeted over 30 per cent on Friday, putting the company on track for its worst trading day on record. The dramatic fall followed the release of mid-stage trial results for its obesity drug.... [more]
Norway government trims 2026 non-oil GDP forecast.... [more]
Contemporary Amperex Technology Ltd (CATL) reported a 42 per cent jump in net profit last year to 72.2 billion yuan (US$10.4 billion) on strong battery sales and an expansion into new energy storage scenarios..... [more]
What China’s latest economic plans say about its tech ambitions and rivalry with the US.... [more]
Representatives of China’s semiconductor industry are calling for stronger state backing in artificial intelligence chips and critical materials, aiming to fast-track core technology breakthroughs..... [more]
For China, Billions of Dollars Are at Risk From a Widening War. The country found a home in the Middle East for its investments and growing markets for steel, electric vehicles and solar panels. Those are now at stake..... [more]
Walmart's Flipkart shifts base to India as it prepares for IPO.... [more]
Shares of SoftBank Group Corp.-backed Indian e-retailer Meesho Ltd. dropped by the daily limit after the platform said it received a $163 million income tax demand..... [more]
Analysis - NY Times: ‘The Old Game Is Back’: Oil Is a Potent Geopolitical Tool Again. The war in the Middle East has sent prices soaring, showing how much the world continues to depend on reliable supplies of oil and gas..... [more]