Section
Australian and global economic indicators, ASX market movements, corporate earnings and trade developments. Summaries updated every two hours.
Business news covering the Australian economy, ASX market movements, corporate earnings and trade developments. This section tracks GDP figures, employment data, Reserve Bank commentary, major mergers and acquisitions, and the performance of Australian companies on the global stage. From mining and agriculture to banking and retail, our summaries provide a quick snapshot of the economic forces shaping Australian prosperity.
Advance Metals announces a maiden resource of 33 million ounces of silver-equivalent at its Yoquivo project in Mexico, highlighting the site's significant bulk-mining potential. This discovery positions the asset as a major player in the silver market.
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Many Australian exporters are seeking refunds for recently voided tariff payments to the US government. However, not all businesses will qualify for these refunds, as a simpler application process is expected to be available within weeks. Companies are currently exploring legal avenues to recover these costs.
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Osmond advances a low-capex scoping study for its Orión project in Spain, aiming for the European Union's first extraction of rare earths and titanium minerals. This initiative marks a significant step towards enhancing the EU's domestic supply of critical materials.
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Zenith Minerals initiates a new drilling program at Split Rocks in Western Australia, aiming to uncover high-grade gold extensions and enhance resource growth along a 19km mineralised corridor. This effort reflects the company's commitment to expanding its gold resources in the region.
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The US-Iran ceasefire leads to a significant relief rally in global markets, with investors responding positively despite uncertainties regarding the full economic impact of the conflict. This moment is being referred to as a 'Trump TACO moment' by market analysts, highlighting the volatility in investor sentiment.
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Over 80% of UK tradespeople report tool theft, with incidents rising by 16% in a year. Many have faced significant financial losses, with some losing months of work. The situation raises concerns about police and government measures to protect tradespeople from this growing issue.
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Hedge fund billionaire Bill Ackman, a supporter of Donald Trump, offers $91.2 billion to purchase the record label that manages artists such as Taylor Swift, Harry Styles, and Kendrick Lamar. This significant bid highlights Ackman's interest in the music industry and its top talents.
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Jackie O Henderson requested KIIS management to address what she described as an 'abusive relationship' with Kyle Sandilands, following an incident in August 2025 where Sandilands publicly berated her. Court documents reveal her concerns about his comments regarding her menstrual cycle, highlighting ongoing tensions between the co-hosts.
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Aguia Resources receives registration from the Brazilian Ministry of Agriculture for its Pampafos fertiliser, marking a significant step towards its first sales. The company aims to commence sales in early May as upgrades to its production plant are nearing completion.
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Timely access to oil flows is now prioritised over pricing, significantly altering global oil markets. The United States is positioned to benefit from this shift, which may have long-lasting implications for energy dynamics worldwide.
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Oil prices drop significantly following Iran's announcement to reopen the Strait of Hormuz for two weeks in collaboration with its armed forces. This decision comes amid a ceasefire agreement, easing concerns over potential disruptions in one of the world's busiest shipping routes. Market analysts are closely monitoring the situation for further developments.
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Amway invests $2.9 million in Sydney to capitalise on Australia's growing wellness market. This investment is part of the company's broader growth strategy aimed at expanding its presence and product offerings in the region. The move reflects increasing consumer interest in health and wellness products.
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Futures indicate a slight decline in the Australian sharemarket as investors await a critical deadline set by President Donald Trump regarding Iran. The uncertainty surrounding this geopolitical issue is causing unease among market participants.
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The International Monetary Fund warns that emerging economies face heightened risks of rising interest rates and currency shocks due to increased reliance on hedge funds and market investors. In 2025, $4 trillion flowed into these markets from outside the formal banking sector, amplifying vulnerabilities amid the ongoing Iran war.
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Peninsula Energy reduces its debt to US$4.2 million after converting US$4.1 million in loans from Davidson Kempner into equity. This marks the second reduction of its US$15 million facility, reflecting ongoing financial restructuring efforts for its US uranium project.
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A Citrini Research analyst visits the Strait of Hormuz to investigate the current state of this crucial energy route. Their findings reveal significant developments that could impact global energy supplies. The visit was conducted on a speedboat, highlighting the urgency of the situation.
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Red Metal Ltd announces an in-specie distribution for shareholders, granting one Maronan Metals share for every 5.25 Red Metal shares held. This distribution is described as an Easter bonus for shareholders. The announcement highlights the company's ongoing commitment to its investors.
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OpenAI CEO Sam Altman proposes a blueprint to address the economic impact of AI, suggesting a four-day work week and a robot tax to redistribute wealth generated by AI advancements. The plan aims to ensure that individuals benefit from the economic growth driven by artificial intelligence.
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True North Copper initiates reverse-circulation and diamond drilling at its Wallace North copper-gold deposit in northwest Queensland. This drilling blitz aims to expand the near-mine resource, following the discovery of high-grade copper-gold in the area.
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Elon Musk faces challenges in his plan to list SpaceX, with concerns about the company's financial stability and regulatory hurdles. Analysts question whether Musk's ambitious vision can attract investors amid ongoing controversies. The listing is pivotal for Musk's aspirations to expand his influence in the space industry.
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Wall Street experiences a decline following President Donald Trump's warning that Iran could be 'taken out in one night' as tensions escalate. This uncertainty contributes to a retreat in the ASX, while oil prices rise amid the geopolitical concerns. Investors remain cautious as the situation develops.
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The ongoing conflict between the US and Iran sees the use of AI in warfare, with fake missile strikes and misinformation becoming prevalent. Former Secretary of State John Kerry's reflections on the Vietnam War highlight a stark contrast in approaches to transparency and dignity in modern conflicts. This evolving landscape raises concerns about the role of technology in warfare.
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Polymarket has halted bets on the rescue of US pilots from an F-15 jet shot down by Iran, following backlash from Congressman Seth Moulton, who labelled the wagers as 'DISGUSTING'. The platform plans to investigate how this betting market was created after facing strong criticism.
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Guy Singh-Watson, founder of Riverford, reflects on the benefits of empowering women in his business and addressing the gender pay gap. Since measuring the gap in 2017, he has seen improved productivity and profitability after promoting a woman to a leadership role. He emphasises the importance of men engaging in discussions about gender issues.
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Under President Donald Trump, America embraces a new form of state capitalism, impacting both the economy and the health of the republic. This shift raises concerns about the long-term implications for governance and societal stability. Analysts warn of potential dangers stemming from this approach.
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Fair Work criticises Uber for its handling of a complaint involving a driver who was sacked after touching his groin during a trip. In a recent hearing, the driver presented a tube of ointment as evidence to support his case. The incident raises concerns about Uber's complaint processes.
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Qantas frequent flyer points are a significant revenue source for the airline, but upcoming changes by banks may affect their appeal. As banks consider making it more challenging to earn points, consumer interest in accumulating them could decline. This situation presents a crucial test for the loyalty program's popularity.
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Qantas' frequent flyer points program faces potential challenges as banks consider making it harder for consumers to earn points. This change could impact the popularity of the program, which has been a significant revenue source for the airline. The outcome remains uncertain as consumer behaviour may shift in response to these changes.
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Savers are facing challenges in accessing the full benefits of recent interest rate increases by the Reserve Bank, as banks are only partially raising rates on savings accounts. Many institutions require customers to meet specific conditions to qualify for higher rates, complicating the process for savers.
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Savers are facing challenges in accessing the full benefits of recent interest rate rises from the Reserve Bank, as banks are only partially passing on these increases. Many institutions require customers to meet specific conditions to receive higher rates, complicating the savings process.
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