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ASX shrugs off Wall Street bloodbath

The ASX surprised on the upside despite heavy losses on US markets overnight, with the highest oil prices in eight years boosting energy stocks.The Australian sharemarket shrugged off a Wall Street bloodbath to post decent gains, with…

Bombshell report into mining giant

A bombshell survey of more than 10,000 Rio Tinto staff has uncovered shocking allegations of rape, racism and bullying.An external review of Rio Tinto’s workplace culture has uncovered systemic bullying and sexism, and “common” racism…

ASX has worst January since 2008

The ASX closed barely changed on the final trading day of the month, but officially notched up its worst start to the calendar year in 14 years.The Australian sharemarket closed barely changed despite a positive lead from Wall Street, with…

ASX plunges to 10-month low

The ASX tumbled firmly into the red but energy stocks were winners as the prospect of armed conflict between Russia and Ukraine fuelled supply concerns.The Australian sharemarket sank to its lowest levels in 10 months, with most sectors in…

ASX nosedives to cap off ‘bloody week’

The ASX tumbled spectacularly after an ‘ugly late swoon’ on Wall Street, with few stocks spared from the sea of red.The Australian sharemarket suffered an eye-watering tumble on the back of Wall Street weakness and mounting interest rate…

Retailers propel ASX higher

Consumer stocks led the ASX higher, including Wesfarmers despite reporting a Kmart and Target sales slump, while a market debutante tanked spectacularly.The Australian sharemarket climbed higher despite weakness in the all-important…

Revealed: Group to win during Covid

One group of people enjoyed a staggering spike in their wealth while Covid-19 made the majority of people worse off.The wealth of Australia’s billionaires has surged at a staggering rate, Oxfam says, with the ultra-rich enjoying “a terrific…

ASX ends week on sour note

Almost every sector dragged the ASX firmly into the red, with tech a major weight, eclipsing the Nasdaq’s big tumble overnight.The Australian sharemarket sank firmly into the red following a Wall Street tumble, with the local tech sector by…