ASX Limited
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World markets
ASX hits record high; CBA eclipses BHP as Australia’s biggest company
The Australian sharemarket climbed to a record high after four out of every five stocks that comprise the benchmark S&P 500 Index advanced on Wall Street overnight.
- by Millie Muroi
Latest
Updated
Insolvency
Online bookseller Booktopia enters voluntary administration; Dymocks circles
The embattled retailer has appointed voluntary administrators after several months of trying to secure funding.
- by Jessica Yun
Updated
Sharemarket
Utilities and energy firms lift ASX; Kathmandu drops
The Australian sharemarket staged a major turnaround in the latter half of the trading session to finish on a high, after Wall Street equities backed away from recent records.
- by Millie Muroi
Tabcorp fined after failing to stop teen from punting 30 times
The ASX-listed wagering giant will pay $370,000 to the Victorian regulator – just over half the maximum penalty.
- by Amelia McGuire
Craig Hutchison’s sports empire offered $40m to sell Perth Wildcats
Sports Entertainment Group is considering an offer for its NBL club Perth Wildcats, as an August deadline looms for the group’s multimillion-dollar debt repayment.
- by Roy Ward
Opinion
Sharemarket
Wall Street is changing its trade clocks. Here’s how it could cost you
The US and three other countries are halving the time for settling deals from two days to one. That will increase costs, and make it harder for international investors to buy into the world’s largest economy.
- by Stephen Bartholomeusz
Federal Court dismisses disclosure class actions against CBA
The judge found even though Commonwealth Bank was aware of problems before AUSTRAC’s 2017 case, it had not breached continuous disclosure obligations.
- by Clancy Yeates
Who takes over Tritium, the titan house of EV charger manufacturing in Australia?
Tritium was viewed as a national success story and its collapse leaves a significant gap: “Who’s going to fill that space when we’re trying to build the charging network?”
- by Sumeyya Ilanbey
Conflict, inflation and market correction weigh on Australian shares
Market watchers expect further pain as tensions between Iran and Israel mount and quarterly domestic inflation figures are released this week.
- by Sumeyya Ilanbey
Updated
World markets
ASX slides despite Wall Street rebound
Rate-sensitive sectors including consumer stocks dragged the local sharemarket lower, despite a US equities rebound overnight following its steep sell-off.
- by Millie Muroi
Updated
World markets
ASX falls as Fed official rattles Wall Street with rates warning
Technology and mining stocks dragged the ASX lower after US equities slammed into reverse.
- by Millie Muroi