Australia
Commodities & Energy
Australian stock market ends six-week low at 8,920 points as Westpac forecasts November rate hike to 4.6%
The ASX 200 closed down 1% at its lowest level in six weeks amid falling consumer confidence and bank warnings about tight monetary policy.
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Economy
Eurozone core inflation fell to 2.4% as ECB faces second-round effects
The European Central Bank deposit rate is set to rise to 2.5%, but recent data shows energy prices have not raised broader inflation.
Markets
Copper hits record highs as oil approaches US$100 and ASX falls
Gold miners lost money overnight while copper prices set new records, causing Woodside Energy and Capstone to rally despite the broader market decline.
Business
Alligator Energy targets ISR uranium production at Samphire project
Alligator Energy advances its 30 million lb Samphire uranium reserve via in situ recovery. Nimy Resources reports 84% gallium extraction success.
Top Stories
Technology
AI adoption in Australia projected to reach 80% by 2025, driving $60 billion data centre boom
Business
UBS analysts select CSL and Sigma Healthcare for ASX top ten stock picks
Business
Dalaroo Metals to drill 12,000 metres for gold in Côte d'Ivoire; Albion Resources secures Gidgee project options
Markets
Core Lithium achieves first production at Finniss mine after restart
Central Banks
Nigeria's MPC keeps rate at 26.5% amid renewed Middle East tensions, despite June inflation drop
More Central Banks →Commodities & Energy
Auric Mining buys 102,000-ounce Union Jack project near Coolgardie for $9.6 million plus milestone payments
- Omega Oil and Gas begins drilling Canyon-4 appraisal well after exceeding expectations at Canyon-3
- Axel REE extracts 95% gallium and 74% scandium at Tiger Creek deposit in Brazil
- Scandium demand forecast climbs from 30t in 2024 to up to 600t by 2035
- Jemena unveils 400km plan to link Beetaloo Basin to Northern Gas Pipeline
- Tungatinah Power Station fire destroys station supplying 5 percent of Tasmania's energy
Deals
NEXTDC raises A$795 million for AI data centre expansion
- Fiji Airways begins service at Western Sydney International airport next year
- Australia faces a potential 200,000 dwelling shortfall in new home building targets by 2029
- Recycling Plastics Australia enters voluntary administration after supplier insolvency
- Commonwealth Bank and Westpac retain $15 legacy overlimit fees for customers opened before mid-2012
Economy
Eurozone core inflation fell to 2.4% as ECB faces second-round effects
- Australia's economy expanded 0.4 per cent, sparking a 70 per cent chance of a September rate hike
- Australian GDP grew 0.4% in June quarter as RBA faces pressure to hike rates
- Reserve Bank highlights rising fuel costs driving Australia's EV sales boom
Markets
Copper hits record highs as oil approaches US$100 and ASX falls
- ASX 200 rises 0.056% as energy gains 1.72% and tech falls 2.71%
- US 10-year Treasury yields hit 4.8% as oil and bond rates weigh on ASX performance
- US markets rise as Fed Governor Christopher Waller hints at halting rate hikes
- Australian shares rise as energy stocks rally
Policy & Regulation
ATO classifies Big Tech streaming revenue as royalty under new tax rules
- NT deputy chief minister's sister-in-law works for $40 billion data centre company
- Brisbane City Council bans smart glasses at public swimming pools
- $3bn taxpayer cost revealed for Australia's electric car discount scheme
- 551 complaints: ASIC probes Big Four audit firms over misconduct
Business