Morning business roundup
Join over 8,000 subscribers who receive markets and economic news delivered straight into their inbox every morning.
By subscribing to the Morning Business Roundup you acknowledge that your email address will be provided to a third party for the purposes of supplying this service. To understand how we handle your personal information, refer to Netwealth’s Privacy Policy, or contact us via contact@netwealth.com.au.
Australian Market Report: The market rollercoaster continued on Thursday, wiping another $35 billion off the ASX in a broad sell-off. The S&P/ASX 200 fell 114.50 points, or 1.3 per cent, to 8269.0. The Australian dollar softened to US71.22¢..... [more]
U.S. Market Report: Wall Street's major indexes fell over 1% on Thursday, with financial stocks taking a blow, as a surge in oil prices toward $100 a barrel rekindled inflation fears and investors kept a close watch on mounting jitters in the private credit sector..... [more]
European Market Report: European stocks declined on Thursday as a surge in oil prices fueled inflation worries..... [more]
Asian Market Report: Asian stocks tumbled on Thursday as the price of a barrel of Brent crude oil, the international standard, briefly topped $100 on supply concerns following Iranian attacks on commercial shipping around the Strait of Hormuz..... [more]
RBA Shifts to Tightening Cycle: What To Expect For Rates This Year.... [more]
Motorists are bracing for pain at the bowser but the government and lobby groups are urging consumers not to panic. The oil markets are once again in a state of anxiety about future global supplies..... [more]
Investors warned against panic selling during volatility. Panic selling during periods of heightened geopolitical turmoil can be one of the most expensive mistakes an investor makes, says Duncan Lamont.... [more]
What happens if property prices go backwards? Could a generation of new buyers could be left trapped if the market turns?.... [more]
Rare earths producer Lynas Rare Earths (LYC) is once again at the centre of the global race to secure supply of critical minerals..... [more]
Locksley Resources has successfully produced 99.5 per cent purity antimony trioxide from feedstock sourced at its Desert Antimony mine, part of the wider Mojave project in California..... [more]
Auric Mining has tied a golden bow around its maiden mining venture, banking a final $2.2 million cash distribution from the company’s Jeffreys Find gold mine, near Norseman in Western Australia..... [more]
'St George Mining inks rare earths processing alliance for Araxá project in Brazil.... [more]
Aguia Resources has moved another step closer to becoming a major fertiliser producer after securing a key mining concession for its Três Estradas phosphate project in southern Brazil..... [more]
Temas Resources (ASX: TIO) has received assays confirming consistent, concentrations of gallium and scandium at the Farrell-Taylor deposit within the La Blache project in Quebec, Canada..... [more]
Ora Banda drill blitz uncovers entirely new WA gold trend.... [more]
Hundreds of workers at a coal mine south-west of Sydney are set to lose their jobs after liquidators confirmed redundancies as part of the process of selling the mine. Tahmoor Colliery, owned by Sanjeev Gupta's GFG Alliance.... [more]
Victorian wineries sell vineyards to gold exploration company amid global headwinds.... [more]
Australia’s “patchwork” of planning rules is preventing people taking up an innovative solution to the housing crisis, a leading body has warned. The Housing Industry Association says modular homes and granny flats could help .... [more]
Health and wellness food company OMG Group has entered the rapidly expanding global matcha market with the launch of a dual-brand strategy aimed at capturing demand across both premium and mass-market segments..... [more]
Atlassian will cut about 1600 jobs as it responds to the “AI era”. The Sydney-headquartered tech giant announced the redundancies in a filing to the Securities and Exchange Commission (SEC) on Thursday morning,.... [more]
Losses growing, staff cut: Atlassian’s billionaire boss faces his AI test.... [more]
EnergyAustralia’s CIO of almost seven years Julie Bale is retiring, with former group CTO of PEXA Eglantine Etiemble appointed as the new tech chief..... [more]
An oversupply of chicken meat has been blamed for the collapse of Tasmanian agrifood business TasFoods. The ASX-listed company and its subsidiaries fell into the hands of administrators KPMG Australia on Wednesday..... [more]
Comment - Chris Iggo: Monthly market views: AI disruption and dollar hedging. Despite the disruption AI is creating across stock markets, one thing is clear – AI-driven investment spending continues to grow..... [more]
Analysis - David Llewellyn-Smith: Australia faces oil ‘Depression’ in one month as Iran conflict explodes. An expert claims the Iran war is getting “out of hand fast” - and that Australia could be lurching towards a nightmare situation.... [more]
Analysis - Mike Taylor: Chalmers did super legislation the hard way.... [more]
Opinion - Stephen Bartholomeusz: Oil shock: Iran has the world over a barrel, and there’s no quick fix.... [more]
Comment/Analysis - Tristan Harrison: Here's what experts think will happen with the RBA interest rate this month. It seems like interest rates aren't going to stay at this level..... [more]
Oil jumps to $100 per barrel and stocks sink worldwide with no clear end in sight for the Iran war.... [more]
The Iran war has produced the largest disruption to oil markets in history, the International Energy Agency said on Thursday..... [more]
The U.S. Federal Reserve will cut interest rates for the first time this year in June, according to economists polled by Reuters who are clinging to their views despite the risk that disruption of energy markets.... [more]
What the Jones Act does and how a Trump suspension could affect fuel prices.... [more]
Trump’s next move to stop oil’s surge may involve a shipping law from 1920. Jones Act waivers are under consideration to ensure energy and agriculture products flow to U.S. ports, the White House says.... [more]
U.S. President Donald Trump's administration said on Wednesday it was launching two trade investigations into excess industrial capacity in 16 major trading partners and into forced labor, rebuilding tariff pressure.... [more]
Senate passes bipartisan housing bill targeting large investors and easing regulations.... [more]
Rising Gold and Silver Prices Take the Jewelry Industry on a Wild Ride. Some jewelers are turning to wood, steel and even platinum. Others are leaning into the volatility with bigger and bolder designs..... [more]
Mohamed El-Erian says private credit stress is flashing signs of a 'classic contagion phenomenon'.... [more]
Meta, the company that changed its entire brand identity five years ago on the promise of a technology it turned out no one wanted, just spent an undisclosed sum to acquire Moltbook, a “social network” built for “AI agents.”.... [more]
Deutsche Bank said reality doesn't align with investors' fears that AI will eat software. Strategists at the bank issued a bullish call on software stocks on Wednesday after weeks of worry that AI will drive a shakeout.... [more]
After about a month of hearing from addiction experts, therapists, platform engineers and executives, including Mark Zuckerberg, a jury is listening to closing arguments before deciding whether social media companies should be liable .... [more]
GlobalFoundries’ share sale was reportedly four times oversubscribed.... [more]
Art and classic car auctions top $600 million despite Iran war.... [more]
PayPay Corp (NASDAQ:PAYP) shares opened at $19 on Thursday, jumping 18.75% above the $16 IPO price in a hotly anticipated trading debut for Japan’s leading digital payments platform. The SoftBank-backed fintech .... [more]
New drone maker partly owned by Trump sons hopes to win Pentagon contracts.... [more]
Canada's trade deficit widened in January, missing consensus estimates.... [more]
The UK competition watchdog has warned fuel retailers it is stepping up its monitoring of pump prices amid concern over profiteering as the US war with Iran drives up wholesale costs..... [more]
Elon Musk’s Tesla has won approval to supply electricity to households and businesses across Great Britain, as the tech billionaire expands his energy ambitions. The energy regulator, Ofgem, has formally granted Tesla.... [more]
The Spanish fashion giant behind brands Zara and Pull&Bear has revealed a jump in sales and profits last year, as it taps into new technology and artificial intelligence (AI) to attract modern-day shoppers..... [more]
British perfumier Jo Malone is being sued by Estée Lauder Companies for using her name in a collaboration with High Street retailer Zara. The US cosmetics giant bought Malone's eponymous perfume brand, Jo Malone London.... [more]
Deutsche Bank (DBKGn.DE), said on Thursday that its private credit portfolio grew around 6% to nearly 26 billion euros ($30.05 billion) in 2025 as it highlighted risks to the headline-grabbing sector..... [more]
Iran war threatens Middle East as source of global capital.... [more]
Chinese firms should prioritise regional political stability when they make overseas investment decisions, as mounting geopolitical tensions and currency fluctuations increase the risks of doing business abroad,.... [more]
Bank Indonesia to hold key rate at 4.75% on March 17 as Middle East war weighs on rupiah.... [more]
OTT streaming giant Netflix has opened its global VFX hub with the setting up of Eyeline Studios, its global production and innovation studio in India, in the heart of Hyderabad’s IT hub of Hitech.... [more]
India inflation quickens in February but stays within comfort zone.... [more]
Opinion - Matt Gertken: The next 7 days in Iran will determine if we face stagflation or a total global recession.... [more]