Market Reports

• Australian Market Report: The S&P/ASX200 lost 141.2 points, or 1.7 per cent, to 8168.2 points. All 11 industry sectors retreated on the worst trading day on the ASX since the start of September. The Australian dollar slid to a two-year low.... [more]

• U.S. Market Report: Stocks are seeing moderate strength during trading on Thursday, regaining ground following the sell-off seen in the previous session..... [more]

• European Market Report: European stocks were moving lower on Thursday after the U.S. Federal Reserve cut rates as expected and penciled in two more for 2025, fewer than four seen in September..... [more]

• Asian Market Report: Asian stocks declined on Thursday after the U.S. Federal Reserve warned it would be cautious about more interest cuts in the face of inflation concerns..... [more]

Australian Business News

• Australia's resource and energy exports are expected to fall by billions over the next couple of years due to lower commodity prices..... [more]

• Returns loom large in 2025. Approaching the end of 2024, the ASX 200 total return sits handsomely at +13.2%..... [more]

• Govt should indemnify advisers against ASIC inaction.... [more]

• The chief executive of ANZ will forgo $1.5 million in pay after a shareholder backlash following allegations of toxic behaviour in its dealing rooms..... [more]

• Power and gas giant AGL has been dealt a record fine of $25 million for wrongly taking money from hundreds of welfare recipients who were no longer using its services..... [more]

• Paladin Energy shares (ASX:PDN) ended the day 1.3% up, as the firm received crucial clearance from Canadian authorities to move forward with its acquisition of Fission Uranium Corp..... [more]

• Ora Banda Mining Ltd (ASX:ORB) is progressing development of its Sand King underground gold mine in WA’s Eastern Goldfields, with the first intersection of ore achieved only four months after establishing a portal there..... [more]

• Chevron exits North West Shelf after 40 years in major asset swap with Woodside.... [more]

• Terra Metals Ltd (ASX:TM1, OTC:PNGZF) has fielded further strong assay results from its Dante Reefs discovery in Western Australia,.... [more]

• Outrage after Environment Minister Tanya Plibersek approves three coal mine extensions.... [more]

• Labor has stepped up its fight against the Coalition’s nuclear pitch with a series of meme-filled ads on TikTok to target the Gen Z crowd..... [more]

• Tasmania's premier accuses Saputo of trying to kill off King Island Dairy brand, rather than sell. In September, the multinational Saputo said it had been unable to find a buyer for the beloved cheesemaker and would simply shut it down in mid-2025..... [more]

• Orthocell files FDA application to sell nerve-repair product in the US.... [more]

• Coles Group CTO, CDO to leave in early 2025.... [more]

• Analysis - Michael Janda: NZ recession and Federal Reserve rate cut sink Aussie dollar but show the RBA dodged a bullet. If you're looking for a last-minute overseas summer getaway, New Zealand is looking increasingly attractive..... [more]

• Analysis - Bernd Struben: Why this expert says it's time to sell NAB shares. Are NAB shares a sell heading into 2025?.... [more]

• Analysis - Peter Hannam: Five things Myefo tells us about the state of the Australian economy. The economy’s rebound won’t be as strong as anticipated and more government rebates seem to be pencilled for the coming year.... [more]

World Business News

• US third-quarter economic growth revised higher.... [more]

• President Joe Biden is pledging to cut U.S. greenhouse gas emissions by more than 60% by 2035 as he fights to ensure his legacy on slowing global warming, even as President-elect Donald Trump vows to undo much of Biden’s climate work.... [more]

• New cars are very expensive — the average transaction price last month was $48,724, per Axios corporate cousin Cox Automotive. But, weirdly, that's not because of inflation in the price of new cars..... [more]

• Bank of America just upgraded an under-the-radar value stock to one of its top internet stocks, forecasting double-digit growth ahead. The bank hiked its price target on Expedia shares to $221.... [more]

• Amazon drivers went on strike in four states across the country with less than a week to go before Christmas – but the company is saying it’s not going to affect your holiday deliveries..... [more]

• How Vuori reached a $5.5 billion valuation by taking share from Lululemon.... [more]

• The US Department of Justice announced a lawsuit on Wednesday accusing pharmacy chain CVS of filling illegal opioid prescriptions and billing federal health insurance programs, contributing to a nationwide epidemic of opioid addiction.... [more]

• Amazon founder and Washington Post owner Jeff Bezos has become the latest billionaire to meet Donald Trump at his Florida resort..... [more]

• The Bank of England has kept interest rates on hold as it warned UK growth is on the brink of stagnation amid the fallout from Rachel Reeves’s budget and threat of Donald Trump reigniting global trade wars..... [more]

• Bank of England more split than expected over December rate decision.... [more]

• Inflation analysis: Prices rising faster means higher borrowing costs for longer amid recession fears. The rise in inflation last month is likely to mean higher borrowing costs for longer.... [more]

• Dozens of massive data centers humming at the outskirts of Dublin are consuming more electricity than all of the urban homes in Ireland and starting to wear out the warm welcome that brought them here..... [more]

• Any Commerzbank takeover by UniCredit not subject to investment screening, German government source says.... [more]

• German parliament passes tax relief to offset inflation.... [more]

• Volkswagen and union leaders remain at odds over key issues including job security and the future of the carmaker's German plants after more than 50 hours of talks aimed at avoiding strikes, a person familiar with the negotiations said..... [more]

• Ant Group, the fintech affiliate of Alibaba Group Holding, said it had no immediate plans to revive its initial public offering (IPO), dispelling market speculation it would soon go public..... [more]

• BOJ’s Ueda Hints at Chance of Later Rate Hike, Sending Yen Lower.... [more]

• A 7-Eleven Heir’s $50 Billion Fight to Keep the Company in the Family. A battle for control of the chain shows how traditional business models embraced by family owners are clashing with a more shareholder-centric approach..... [more]

• Modi’s Year of Setbacks Leaves India Vulnerable in Perilous 2025.... [more]