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The AI rollercoaster ride is continuing on Wall Street.

ASX falls as Iran tensions escalate; Energy stocks rise, Southern Cross slumps

The Australian sharemarket declined on Thursday as fresh US strikes on Iran cast doubt on the chances of a deal to reopen the Strait of Hormuz.

  • Staff writers

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Wall Street bounced back on Wednesday, ending its three-day losing streak.

ASX surges after Wall Street rebounds; Unemployment increases, easing rate rise bets

The Australian sharemarket bounced back from its seven-week low, as pressure from the bond market eased and traders dialled back their expectations for further interest rate increases by the RBA.

  • Staff writers
Rex’s one-time executive chairman, Lim Kim Hai.

Ex-Rex boss admits hiding news of airline’s financial woes

Former Rex executive chair Lim Kim Hai admitted “to all alleged contraventions against him,” on the third day of the trial in NSW Supreme Court.

  • Chris Zappone
Under pressure: CSL chairman Brian McNamee.

$88b bloodbath shows Trump is not the only problem for Aussie pharma giant

One of Australia’s biggest companies and most lauded success stories has become an investing disaster of historic proportions.

  • Colin Kruger
Gillon McLachlan at the Macquarie Conference this week.

Tabcorp’s shares dive $500m amid money laundering investigation

Australia’s anti-money laundering regulator holds “serious concerns” about Tabcorp’s ability to prevent illegal activity on its platform.

  • Elias Visontay
Wall Street has fallen to start the week.

ASX falls as RBA raises rates, oil prices jump on flare-up in Iran war

The sharemarket continued its losing streak as the RBA raised interest rates and oil prices jumped overnight following an escalation in the Middle East.

  • Staff writers
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Drilling in the Top End at Barkly Rare Earths’ namesake deposit near Tennant Creek.

Barkly gets green light for 10,000m NT rare earths drilling blitz

Barkly Rare Earths has secured its environmental mining licence, paving the way for a 10,000m drilling blitz to grow its 40-million-tonne resource in the Northern Territory.

  • Murray Ward
Richard White was heard on teh recording offering an employee $5million tax-free.

The phone call, the $5m cash offer – and insider trading allegations

A recording of billionaire Richard White apparently trying to settle with an employee who complained about his conduct has been sent to the corporate regulator.

  • Kate McClymont and Max Mason
Any show with Jackie “O” Henderson or Kyle Sandilands will face strict decency conditions.

KIIS licence could be at risk if Kyle and Jackie O Show makes further breaches

The media watchdog has imposed licence conditions on the radio network behind Kyle and Jackie O’s show one day before a key deadline.

  • Colin Kruger and Kishor Napier-Raman
Wall St continually outperforms the Australian market, but maybe not for long.

Will Wall Street beat the ASX this year? You might be surprised

Are conditions finally aligning for the ASX 200 to put up a stronger fight against its US cousin?

  • Billy Leung