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MarketsASX 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.

Rebecca Le May

Tumbling downCommentsBitcoin dives below $40,000 to lowest level in five months

Cryptocurrencies sank Friday, taking Bitcoin to the lowest level in more than five months as risk aversion again swept across global markets.

Joanna Ossinger

Stock tanksCommentsNetflix shed $US45b as subscriber interest wanes

Netflix expects to add just 2.5 million subscribers this quarter, a number that fell short of Wall Street’s estimates and would mark the slowest start to a new year for the company in at least a decade.

Lucas Shaw

IPOsASX dives, worst week in 15 months

Shares have plunged on the Australian market and capped the worst week for shares in 15 months.

Steven Deare

Overnight marketsWall St drops, bargain hunting tapers off

S&P 500 loses 1.11 per cent; Nasdaq Composite loses 1.30 per cent; Dow Jones Industrial Average falls 0.91 per cent.

Lewis Krauskopf, Bansari Mayur Kamdar and Shreyashi Sanyal

‘Full stop”CommentsPremium‘It’s over’: Serbia kills Rio’s $3.3b Jadar lithium hopes

Serbia has blocked plans for Europe’s biggest lithium mine — a flagship project of Rio Tinto’s new chief executive Jakob Stausholm.

Misha Savic, Jan Bratanic and Thomas Biesheuvel

Dual listing vote CommentsPremiumAustralian shareholders back BHP unification

The unification of BHP’s dual share listings in Australia and Britain into a primary listing on the ASX appears set to be supported, with Australian shareholders strongly backing the proposal. 

Danielle Le Messurier

COVID chillsCommentsPremiumNorthern Star Resources wants 14-day isolation rules eased

Northern Star Resources is hoping WA cuts the 14-day isolation period for close contacts of those with COVID-19 to stem an expected rise in absenteeism when the State reopens its borders.

Sean Smith and Daniel Newell

MarketsPremiumGold dazzles as ASX inches higher

The ASX crept into the green as energy producers Woodside and Santos booked record numbers, while gold miners shone brightly.

Rebecca Le May

Significant upgradeCommentsRox reveals big lift to Youanmi gold resource

Shares in Rox Resources hit an eight-month high after the WA mixed-metals explorer significantly lifted its mineral resource estimate for its Youanmi gold project near Sandstone. 

Danielle Le Messurier

Ramp upPremiumHigher costs a blow to Sandfire’s stellar quarter

Higher power and diesel costs were the only blight on an otherwise stellar December quarter for copper and gold miner Sandfire Resources.

Daniel Newell

Retail boom CommentsPremiumBoomers drive Mosaic online sales to a fresh record

Mosaic Brands says baby boomers adopting online shopping underpinned a record $119 million of online sales in the first half of fiscal 2022.

Danielle Le Messurier

Clinical updateCommentsPremiumPerth firm to kick-off cannabis trials for health treatment

Emyria plans to begin clinical trials to treat psychological distress and irritable bowel syndrome using cannabis early this year.

Adrian Lowe

MarketsBlock flat on ASX debut, miners soar

US payments giant Block made its ASX debut but it was the traditional market heavyweights - the miners - who thrived.

Steven Deare

Volatility remains CommentsPremiumWoodside reverses charges on record sales rebound

The oil and gas group’s average prices leapt 52 per cent, sending sales revenue for the December quarter 86 per cent higher to nearly $4 billion.

Sean Smith

‘Take care’Fears Aussies ‘too exposed’ to crypto

The boss of financial regulator ASIC says he is worried about the number of Australians exposed to the fluctuations of the crypto market.

Alex Druce

Overnight marketsWall Street rises on earnings boost

US stocks have opened higher as investors again looked favourably at shares in major tech companies.

Shreyashi Sanyal and Bansari Mayur Kamdar

MarketsASX firmly red after Wall Street tumbles

The local bourse went south after US markets copped a battering amid concerns the Federal Reserve will aggressively hike interest rates as inflation surges.

Rebecca Le May

Firing upPremiumWoodside Petroleum plans to buy LNG from Louisiana project

Commonwealth LNG’s new liquefication and export terminal is expected on line by mid-2026.

Sean Smith

Metal gainsCommentsPremiumEasing rates in China spurs iron ore price rise

Iron ore has led gains among industrial metals as China vows to use more monetary policy tools to spur the economy, brightening the outlook for raw materials demand.

Daniel Newell

Big stakeCommentsPremiumGlobal funds giant takes $3b punt on Twiggy’s Fortescue

US-based firm Capital Group has become the third biggest shareholder in Andrew Forrest’s Fortescue Metals Group after buying a 5 per cent stake in the iron ore miner worth over $3 billion.

Danielle Le Messurier

Rattling the tinCommentsPremiumCentaurus Metals chases $75m for nickel in Brazil

The company is looking to capitalise on the rush to battery metals by beginning construction of a mine over the big Jaguar deposit next year.

Sean Smith

MarketsStocks slide, treasury yields jump

Investors have braced for tighter monetary policy to combat troubling levels of inflation.

Lawrence White and Daniel Leussink

MarketsTech shares plunge, Afterpay exits ASX

Technology shares have crashed and Afterpay had its final day on the ASX as investors responded to rising rate expectations.

Steven Deare