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Ikea Australia has a network of 10 stores, including Innaloo in suburban Perth.

RetailCommentsIkea vows to fight ATO probe over claims it owes $171m

Ikea has vowed to fight a probe by the Australian Taxation Office over claims the Swedish home furnishings giant owes $171 million in alleged unpaid taxes.

Cheyanne Enciso

SGH and a US company want to buy BlueScope Steel.

Mergers and AcquisitionsCommentsPremiumSGH and US partner eye $14b BlueScope Steel buyout

Sources have confirmed that SGH and US-based Steel Dynamics submitted a buyout proposal to the BlueScope board in the week before Christmas.

Sean Smith

New data has revealed the LGA’s with the highest gambling losses. NCA Newswire / Gaye Gerard

MONEYPremiumAussie state’s record pokie losses revealed

One Aussie state has recorded its highest ever poker machine losses in just 92 days - with data revealing which communities are bearing the heaviest burden.

Aris Schuler-Shah

SYDNEY, AUSTRALIA - NCA NewsWire Photos - 12 OCTOBER, 2023: The Australian Stock Exchange in Sydney. NCA NewsWire / Christian Gilles

NEWSMarket ends flat despite Venezuela unrest

The Australian sharemarket closed flat on its first full trading day during the year, despite early gains in uranium and rare earth stocks on the back of Venezuela tensions.

Andrew Hedgman

Northern Star CEO Stuart Tonkin

GoldPremiumNST left scrambling for staff in Super Pit crushing chaos

Northern Star has defended the upkeep of an ageing Super Pit after a month-long plant failure, made worse by Christmas staff shortages, looks set to tip the goldie into negative cashflow for the quarter.

Simone Grogan

Shares in Rio Tinto hit an all-time high on Monday as a big bet on lithium made by Simon Trott’s predecessor, Jakob Stausholm, looks to be paying off. 

MiningCommentsPremiumFormer Rio Tinto CEO vindicated as stock reaches record

Shares in Rio Tinto hit an all-time high on Monday, as a big bet on lithium made by Simon Trott’s predecessor pays off.

Adrian Rauso

US President Donald Trump speaks during a news conference at the Mar-a-Lago Club in Palm Beach, Florida, US, on Saturday, Jan. 3, 2026. President Nicolas Maduro has been charged in the US after he was captured and flown out of Venezuela, following a series of airstrikes that mark an extraordinary escalation in the Trump administration's months-long campaign against the country. Photographer: Nicole Combeau/Bloomberg

Oil & GasCommentsLocal gas giants brush off US-led Venezuelan uncertainty

Markets have brushed off Donald Trump’s extraordinary intervention into Venezuela, even with the promise of a long-term oil boom in the South American country.

Matt Mckenzie

The chaos in Caracas won’t trigger a price hike but an escalated conflict with the US could see petrol hit $2.20 a litre.

BusinessCommentsCould petrol prices hit $2.20 a litre in Venezuela chaos?

A 40-year oil industry veteran and chief executive has revealed what it would take for the drama in Venezuela to affect petrol prices in Australia.

Stephen Johnson

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POLITICSPremium‘Real teeth’: Fury over grocery rules

A Nationals MP has urged the government to adopt a bold measure to punish supermarkets over unfair pricing practices.

Ria Pandey

BHP Port Hedland Operations

ContractingPremiumCivmec lands more work on major BHP port upgrade

The Henderson headquartered company disclosed the new contract win, alongside a charging facilities gig with Fortescue, would be worth about $400 million.

Simone Grogan

Estrella Resources’ new chief executive officer Robert Mencel.

Estrella taps mining veteran to fast-track Timor-Leste projects

Estrella Resources has reshaped its leadership, appointing mining veteran Robert Mencel as CEO to advance its emerging limestone and manganese projects in Timor-Leste towards development and future production.

Rowena Duckworth

Sponsored
Flaring at TMK Energy’s Lucky Fox 4 gas well adjacent to a coal stockpile in Mongolia.

TMK Energy scores fifth consecutive monthly Mongolian gas increase

TMK Energy has continued to notch up gas milestones in Mongolia, posting a fifth straight monthly lift in output at its Gurvantes project as production edges closer to critical desorption and commercialisation.

James Pearson

Sponsored
Australia’s biggest beef producer is bracing for an earnings hit from cattle deaths after heavy rain and flooding across Queensland.

AgricultureCommentsFears of mass cattle deaths from Queensland floods

Australia’s biggest beef producer is bracing for an earnings hit from cattle deaths after heavy rain and flooding across parts of Queensland hit three of its stations.

Cheyanne Enciso

Dateline Resources has secured the services of two experienced North American executives, George Brack (L) and Phillips Baker Jr (R), who are joining the company as non-executive directors.

Dateline adds two North American mining pros to company board

Dateline Resources has further bolstered its board with the appointments of two highly experienced North American mining professionals as non-executive directors.

Craig Nolan

Sponsored
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BUSINESSHow hybrid work is reshaping Aussie CBDs

Hybrid work is reshaping Australia’s CBDs, creating a surprising divide that is quietly transforming city centres and the way businesses operate.

Andrew Hedgman

Analysts say the political turmoil in Venezuela is unlikely to have significant short-term impact. (AP PHOTO)

MarketsPremiumOil slips as global supplies counter Venezuela shocks

Political upheaval in oil producer Venezuela is being weighed by investors, with prices inching lower after the US seized the South American nation's leader.

Florence Tan

Oil prices are in focus after the US deposed Nicolas Maduro and moved to take over Venezuela's oil. (Joel Carrett/AAP PHOTOS)

MarketsPremiumAussie shares edge up with oil in focus after Venezuela

Raw materials and energy stocks are supporting the local bourse, but most other sectors are in the red as the shaky start to the new year continues.

Adrian Black

Asian and European shares have made gains in the first full week of trading for the calendar year. (AP PHOTO)

MarketsPremiumStocks and bonds steady, oil dips on Venezuela upheaval

Investors have looked past military action in Venezuela to send Asian shares higher at the opening of the year's first full week of trade.

Lawrence White

Energy and uranium sectors drew the most attention, lifting early trading sentiment on the ASX. NewsWire / Damian Shaw

ASXASX up despite Venezuela chaos

Australian shares opened on Monday, with energy and uranium stocks in focus as tensions in Venezuela continued to ripple through markets.

Andrew Hedgman

Warren Buffett has retired.

The EconomistCommentsCan it float without the moat? Berkshire’s uncertain future

THE ECONOMIST: Now that Warren Buffet has finally retired, his successor faces an uphill battle

Venezuelan oil producers are cutting output as the US continues blockading international shipments. (AP PHOTO)

Oil & GasPremiumVenezuela moves to cut oil output due to US blockade

Crude production is being cut by Venezuela's state-owned oil company as the US continues blockading shipments and onshore storage capacity runs out.

Marianna Parraga

Treasurer Jim Chalmers and Minister for Finance, Senator Katy Gallagher in Canberra.

opinion
opinion
ECONOMYCommentsPremium
opinion
Australia’s economic deterioration is not accidental

With MYEFO released, Treasurer Jim Chalmers and his partner in profligacy, Finance Minister Katy Gallagher, must confront the fragile state of the Federal Budget and economy.

Dimitri Burshtein & Peter Swan

The disruption at Curragh comes at a sensitive time for Coronado.

CoalPremiumCoronado’s Curragh mining suspension adds to financial woes

Coal mining across Coronado Global Resources’ Curragh complex in Queensland was halted after a worker was killed, adding to woes for the company that’s already dealing with slumping prices.

Jason Gale and Paul-Alain Hunt

Unclaimed cash ranging from loose change to millions of dollars is sitting in state coffers. (James Ross/AAP PHOTOS)

MoneyPremiumShow me the money: call to claim $300m in state coffers

Almost $300 million is sitting in the most populous state's unclaimed money pool with residents in other states also eligible to receive money they're owed.

Farid Farid