Finance
Finance
AI company locks in Australia's biggest float since Telstra
Firmus is raising $7.1 billion. Two conflicting valuations remain unresolved, while a Sydney fund manager has declined to invest over concerns about construction timelines.
Finance
Nvidia shares hit a record as investors bet on the AI boom
Revenue guidance of US$108 billion is feeding investor confidence, but analysts warn the valuation may already assume today's peak AI demand will last indefinitely.
Finance
Australia raises rates again, leaving only Iceland higher
About 70 per cent of mortgage holders have variable-rate loans, while government bond yields have hit their highest level in 15 years.
Finance
Australia bans card surcharges today after 23 years
The change covers Visa, Mastercard, eftpos and Amex payments, but retailers can raise advertised prices and still charge weekend or public-holiday fees.
Finance
Reserve Bank warns AI debt poses bigger risk than housing slump
Fewer than 1 per cent of Australian mortgage borrowers owe more than their homes are worth, but global funding stress could still reach banks and super funds.
Finance
Fund manager freezes $9.3 billion after auditor refuses sign-off
Three listed Metrics trusts entered trading halts and recorded about $168 million in asset write-downs amid a dispute over property valuations.
Finance
Inflation hits 4 per cent a day after another rate rise
Fuel prices jumped 14.8 per cent in August, with the figures arriving a day after the Reserve Bank raised interest rates again.
Finance
Another rate rise: the highest in 15 years, and more may come
The RBA lifted the cash rate to 4.60 per cent, adding about $427 a month to the average mortgage, and says it will go again if inflation stays elevated.
Finance
Rate rise Tuesday would cost mortgage holders $427 a month
Futures markets imply a 90 per cent probability of a 25 basis-point increase to 4.60 per cent this week, with major banks forecasting a second increase in November.
Firmus sets $7 billion ASX float for October
Data centre funding hits a record $35 billion
Rate rise next Tuesday on US$100 oil, CBA tips
Bank of Japan lifts interest rates to a 31-year high
The Federal Reserve raised rates after a three-year pause
S&P downgrades Queensland credit rating over Olympic spending
Australian shares lose $32 billion as oil prices rise
Star Entertainment auditors warn the casino group may not remain a going concern
Three banks now expect a Reserve Bank rate rise on 29 September
Australia's 10-year bond yield hits highest since 2011
Core inflation hits year-high, lifting September rate hike odds
Shein prices Hong Kong float at a quarter of its 2022 valuation
Gold nears $4,600 after its biggest weekly surge since 1986
Stirling sells McGraths Hill centre for $66.8m at a 21 per cent gain
US national debt passes $40 trillion after doubling under Trump and Biden
Australian explorer hits 33.5 metres of gold in Ecuador
Home loan fees jump 17 per cent as banks collect $15 billion
AUSTRAC uncovers coordinated mortgage fraud across 10 major banks
RBA bans card surcharges from October 2026
Mining giant BHP's profit jumps 30% as copper overtakes iron ore
