Whether successful or not, the Australian mining giant’s offer puts pressure on Anglo’s board and management to consider significant changes to its business.

Whether successful or not, the Australian mining giant’s offer puts pressure on Anglo’s board and management to consider significant changes to its business.

The Australian sharemarket tumbled after a negative lead from Wall Street, as investor fears grew about persistent US inflation and the likelihood that interest rates will stay higher for longer.

The Chinese-owned ecommerce play has become one of the nation’s biggest fashion retailers in a few short years, on par with Myer and Cotton On.

For as long as I can recall, I’ve squirmed when women call their careers or businesses “my baby”. As a business owner about to become a parent, I now know why.

The big banks are rethinking how much risk they can take when it comes to lending, as some say that excessive regulation is only helping wealthy borrowers while others miss out.

Tenants at Westfield Bondi Junction are preparing for the next phase of recovery, as messages of condolence left after the shocking attack two weeks ago are collected for victims’ families.

AGL wants to build huge turbines off Victoria’s coast that could bring vast amounts of wind power to customers and help replace its coal-fired power plants.

Administrators Hall Chadwick confirmed late on Wednesday that the airline was not currently positioned to issue refunds after it entered administration on Tuesday.

Biniaz promoted the headquarters of a new venture from a Dubai office. The real estate agent later said the property was empty.

Discord channels lit up with memes accusing McInnes of faking the health episode to avoid making repayments.

The US rap legend had promoted a start-up on Twitter that gave investors confidence.

Biniaz and McInnes said any investment would be “asset backed” by their extensive art collection held in a Dubai gallery.

After a decade of pulling beers, businessman and former Qantas and Tourism Australia chair Geoff Dixon is calling last drinks as landlord of the 160-year-old Blues Point hotel, on Sydney’s lower north shore.

Outgoing Woolworths chief executive Brad Banducci says cost-of-living pressures have hit the supermarket giant.

The US central bank is sticking to the “higher for longer” interest rate scenario factored into financial markets, while downplaying the prospect of widely feared rate hikes.

The Australian sharemarket lifted on Thursday despite a negative lead from Wall Street after Jerome Powell revealed the US Federal Reserve would hold its cash rate steady and moving to reassure another rate hike is unlikely despite stubbornly high inflation. 

Chief executive Andrew Irvine reported a 13 per cent tumble in half-year profits, but said households were mostly proving resilient in the cost-of-living crisis.

Fed Chair Jerome Powell said it was likely to take longer than previously expected for Fed officials to gain the “greater confidence” needed for them to kick off interest rate cuts.

This week’s results provide a reality check for those who argue that the highly concentrated banking and supermarkets sectors lack competition.