Morning business roundup
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Australian Market Report: Threats from US President Donald Trump to strike power plants in Iran prompted a sharp plunge in Australian shares on Monday before the market recovered. Since the start of March, the S&P/ASX 200 has lost more than $300 billion..... [more]
U.S. Market Report: The main U.S. indexes climbed in broad gains on Monday after President Donald Trump said he had ordered the military to postpone strikes against Iranian power plants following "productive conversations" with Tehran..... [more]
European Market Report: European stocks fell sharply to hit a four-month low on Monday as a further escalation in the U.S.-Iran war spurred inflation concerns..... [more]
Asian Market Report: Asian stocks plummeted on Monday after Washington and Tehran threatened to escalate hostilities. U.S. President Donald Trump threatened military action against Iran's power plants unless the Strait of Hormuz reopens.... [more]
Anthony Albanese warns ‘ever-expanding free trade is gone’, calls for ‘patriotism’ amid global supply chaos. Anthony Albanese has issued a grim warning about the future of the world order, warning the country must prepare .... [more]
Australian households need to be “better informed” about the magnitude of the fuel crisis sparked by the US/Israel war with Iran and what they may be asked to do if the conflict deepens, the International Energy Agency boss says..... [more]
Canberrans encouraged to consider alternate transport options amid fuel price hike.... [more]
Think the cost of living crisis is bad? Markets now tip three more rate hikes. Oil shocks are stoking inflation fears and markets now expect three more rate hikes, suggesting the cost of living crisis is far from over..... [more]
Gold tumbles in biggest weekly fall since 1983. Why one fundie sees a buying opportunity.... [more]
Australians have been warned to brace for higher prices in supermarkets, cafes and shops — and even shortages — in coming weeks as the deepening fuel crisis begins to ripple through supply chains..... [more]
Shares down on the Iran War’s oil shock - 5 key charts for investors to keep in mind. Given the uncertainty now is a critical time to stick to the basics. So, this note revisits five key charts investors should keep in mind..... [more]
Home building industry facing COVID-like price spikes due to Middle East war.... [more]
Private health insurers expand into GP clinics, telehealth, prompting calls for more oversight.... [more]
D3 Energy Ltd (ASX:D3E, OTCQX:DNRGF) has secured firm commitments to raise $6.12 million through a placement to institutional and sophisticated investors, with the money to advance drilling, development studies and exploration.... [more]
Siren keeps NZ gold hits coming in latest drilling.... [more]
Macmahon Holdings (ASX:MAH) has executed a letter of intent with Wolfram for the restart of operations at the Mount Carlton gold mine in Queensland..... [more]
Olympio Metals has delivered a game-changing gold intercept at its Bousquet gold project in Quebec, with the first assays from phase two drilling at the Paquin prospect returning a bonanza 7.5 metres at 41.81 grams per tonne (g/t) gold.... [more]
Felix Gold receives nod for Treasure Creek antimony bulk sampling.... [more]
Ardea Resources’ Kalgoorlie nickel project (KNP) has received a shout-out in the Japan-US Critical Minerals Joint Fact Sheet, a call-to-action to shore up critical mineral supply chains between the two powerful nations and.... [more]
Lindian workers camp goes live at Malawian rare earths project.... [more]
The owner of the Bell Bay manganese smelter in northern Tasmania has entered voluntary administration. Ernst and Young has been appointed as administrator of Liberty Bell Bay (LBB), and says it will work with governments and.... [more]
‘Crop could be halved’: Farmers sound alarm bells as diesel and fertiliser shortages intensify. Australia could see its food production “halved” within months in a nightmare scenario, as farmers face a horror decision this week..... [more]
Four triple-0 calls fail to connect in 20-minute nationwide Optus outage.... [more]
Thousands of ABC staff will down tools and walk off the job on Wednesday following the collapse of pay negotiations with management. Staff are expected to walk out at 11am on Wednesday,.... [more]
Opinion - James Gruber: 5 decision making models to help you in investing and in life. Here are the five decision making tools I’ve found most useful when tackling some of life’s big decisions..... [more]
Opinion - Angel Zhong: How much do you really need to retire? It may be less than you think. Every few months, someone in the superannuation industry declares that Australians now “need” around $1 million to retire comfortably..... [more]
Acute volatility in gold prices is set to persist in the short term as investors cut risk, with the Iran war boosting inflation fears, curbing bets on interest rate cuts, and weighing on the outlook for global growth, analysts said..... [more]
Why gold's recent declines could be good news for the stock market.... [more]
Did Trump just try to ‘TACO’ on Iran? Why markets will remain volatile, even if investors see some relief from selling this week. The Dow was well off its session highs Monday after Tehran pushed back against President Trump’s claim.... [more]
US construction spending unexpectedly falls in January.... [more]
Want to protect yourself from AI? Invest, says BlackRock’s Larry Fink. Artificial intelligence could widen the problem of income inequality, said BlackRock CEO Larry Fink in his annual letter to shareholders..... [more]
Citadel Securities thinks the Iran war is more complicated than markets perceive, and investors may be underestimating its impact still. Markets staged a massive rally on Monday as President Donald Trump indicated.... [more]
Toyota to invest $1 billion to increase U.S. production in Kentucky, Indiana plants.... [more]
Truist cautioned that rising oil prices tied to Middle East geopolitical conflicts may lead airlines to cut flights and reduce discretionary spending, negatively affecting commercial aftermarket companies. .... [more]
ChatGPT maker OpenAI is offering private-equity firms a sweeter deal than rival Anthropic as both artificial intelligence companies court buyout firms to form joint ventures aimed at raising fresh capital and accelerating adoption.... [more]
The world’s most popular YouTube celebrity, who markets to children and has bragged about crypto trades, is getting into banking. Senator Elizabeth Warren has concerns..... [more]
Fertilizer prices bring more pain for American farmers amid war in Iran.... [more]
Hundreds of designers, clerks and technicians went on strike Monday in Maine at one of the U.S. Navy’s largest shipbuilding contractors. The Bath Marine Draftsmen’s Association went on strike at General Dynamics Bath Iron Works.... [more]
Taco Bell, Dunkin’ franchisee to pay $1.5 million in NYC scheduling case.... [more]
Leonid Radvinsky, the billionaire owner of OnlyFans, the adult content platform, has died from cancer, according to the company. He was 43..... [more]
ICE deployed to some U.S. airports as long security lines persist during partial shutdown.... [more]
Dollar scarcity in Venezuela forces small firms to raise prices, turn to crypto.... [more]
Euro zone consumer confidence fell to its lowest level since late 2023 this month, a European Commission survey showed on Monday, offering early evidence of how the war with Iran and surging energy prices may impact.... [more]
European Union says Mercosur free trade deal will start May 1, linking 700 million people.... [more]
Artificial intelligence could lift euro zone productivity growth by more than 4 percentage points over the next decade, although a prolonged energy shock could slow progress, European Central Bank chief economist Philip Lane said.... [more]
UK's Starmer calls emergency meeting on economy as Iran war risks mount.... [more]
Homeowners’ choice of mortgage deals has shrunk and interest rates on home loans are expected to rise this week despite financial markets reacting positively to Donald Trump’s pause on his threat to attack Iranian power plants..... [more]
EasyJet bookings fall because of Iran war as boss warns of air fare rises. Airline has hedged much of fuel into 2027, avoiding soaring prices, but costs likely to hit passengers by end of summer.... [more]
Germany is continuing to struggle with a shortage of skilled workers, as elderly staff retire, and there are not enough young candidates to fill their roles..... [more]
MAC Cosmetics is offering its UK employees the option to earn commission from sales driven through TikTok Shop in a bid to cash in on the rapid rise of the influencer-led beauty market..... [more]
Slovenia becomes first EU country to introduce fuel rationing.... [more]
Huel, the protein shake maker which counts the actor Idris Elba among its investors, has agreed to be acquired by the French consumer goods group Danone in a deal worth about €1bn (£870m)..... [more]
China plans to increase the amount of money that approved investors can channel into overseas assets as Beijing loosens its control over capital outflows. Authorities are preparing a new round of quotas.... [more]
Inside Unitree’s landmark IPO: what to know about China’s humanoid giant. Listing, if approved, would be a bellwether of investor appetite for so-called embodied AI companies.... [more]
Southeast Asia's biggest ride-hailing and delivery firm, Grab (GRAB.O), said on Monday it would pay $600 million in cash for Delivery Hero's (DHER.DE), Foodpanda delivery business in Taiwan, in its first expansion outside the region..... [more]
Shares in Hybe, the company behind K-pop megastars BTS, have fallen sharply after a much lower number of fans attended their comeback concert than expected. The free concert in Gwanghwamun Square in Seoul on Saturday.... [more]
Modi Seeks to Calm India as Iran War Causes Gas Shortage.... [more]
India's markets regulator on Monday proposed allowing gift cards or gift prepaid payment instruments (PPIs) for mutual fund investments to improve financial inclusion through onboarding new investors.... [more]
The rupee breached the 94-per-dollar mark for the first time ever on Monday but recovered sharply to close flat at 93.53 against the US dollar,.... [more]