Claim OwnershipBusiness Now with Ross Greenwood
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As the market closes each day, Ross Greenwood brings you breaking business news you can’t afford to miss.
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The National Australia Bank is the victim of a $150 million money laundering fraud. Plus, the ASIC corporate regulator forced Macquarie Group to repay $321 million to investors who used its service to access the Shield Master Fund.See omnystudio.com/listener for privacy information.
The Optus CEO apologised for the deaths caused by its triple zero outage but stated the failure was due to a processing issue. Plus, the ASX is reportedly not meeting the regulators' expectations for an operator of critical national infrastructure.See omnystudio.com/listener for privacy information.
Myer shares tumble more than 18 per cent marking their worst day in years, ASIC’s 21-day freeze on La Trobe Financial sparks backlash. Plus, small business groups push back on bank support for a credit card surcharge ban.See omnystudio.com/listener for privacy information.
ASIC probes the private credit sector, Lachlan Murdoch involved in TikTok deal, government open to increasing Net Zero spending. Plus, RBA governor appears in Canberra.See omnystudio.com/listener for privacy information.
Santos CEO Kevin Gallagher joins Business Now for the first time after the $36 billion bid for Santos was declined by the Abu Dhabi's government consortium. Plus, Nvidia's $7 billion investment in Intel overnight helps boost the tech space.See omnystudio.com/listener for privacy information.
US interest rates are cut with the prospect of more rate rises ahead. Plus, the Abu Dhabi government walks away from its $36 billion takeover of Santos on the same day the Albanese government reveals the emission reduction target.See omnystudio.com/listener for privacy information.
BHP slashes 750 jobs in a Queensland coal mine blaming royalties, banks slam the RBA's plan to scrap credit card charges. Plus, the Fed will make its cash rate decision tonight.See omnystudio.com/listener for privacy information.
Super Retail boss forced out after misleading the board over an affair, Australia’s growth slows again. Plus, Elon Musk throws $1 billion into Tesla before shareholders decide whether to pay him $1 trillion over the next 10 years.See omnystudio.com/listener for privacy information.
ANZ admits to widespread miscoduct and cops a record $240 million penalty, national clearance rate drops to 65.3 per cent. Plus, the US Federal Reserve is expected to cut rates this week. See omnystudio.com/listener for privacy information.
Northwest shelf expansion approved, PolyNovo reveals positive clinical results, traders fear artificial intelligence bubble. Plus, luxe listing of the week.See omnystudio.com/listener for privacy information.
Computer chip maker Nvidia helps out the Australian government by doubling the value of PsiQuantum after a $1 billion fundraising. Plus, global gas prices are volatile after Israel's attempt to kill Hamas leaders in the independent state of Doha.See omnystudio.com/listener for privacy information.
Oil and gold surge after Israel launches an air strike on Doha, there are worries that industry wide bargaining may spark increased union actrion. Plus, a start-up launches a plan to build local AI.See omnystudio.com/listener for privacy information.
ANZ slashes 3,500 jobs in a major restructure, Lachlan Murdoch takes full control of News Corporation. Plus, the former CEO of PWC is banned from practising as a tax agent.See omnystudio.com/listener for privacy information.
Coles and Woolworths face a billion dollar hit after a Federal Court ruling on worker underpayment, the government’s housing target looks shaky. Plus Warren Hogan warns productivity woes could threaten living standards and interest rate cuts.See omnystudio.com/listener for privacy information.
Orica flags strong finish to the year, court blocks Mayfair 101 director for 15 years, Coles reviews staff pay arrangements. Plus, annual growth at strongest pace in 2 years.See omnystudio.com/listener for privacy information.
Copper and gold prices continue to hit record highs, iron ore bosses warn their boom may not last. Plus, the Reserve Bank Governor signals fewer rate cuts than markets had expected.See omnystudio.com/listener for privacy information.
Annual GDP jumps to 1.8 per cent in the June quarter, Santos announces it will produce gas in Beetaloo Basin next year, Klarna announces its US IPO. Plus, Xerocon 2025 kicks off in Brisbane.See omnystudio.com/listener for privacy information.
Mathias Cormann urges the Coalition not to abandon net zero targets, ABARES marks 40 years while forecasting record crops. Plus, the government confirms permanent migration will stay at 185,000 people per year.See omnystudio.com/listener for privacy information.
House prices across the country surge 0.5 per cent in August, hitting a new record high. Plus, as profit season wraps up, June quarter GDP is tipped to accelerate.See omnystudio.com/listener for privacy information.
Virgin Australia 2025 profit soars by 28 percent to 664 million dollars, The Star Entertainment reports a net loss of nearly 472 million dollars in the recent financial year. Plus, Australia Post delivers a pre-tax profit of 18.8 million dollars. See omnystudio.com/listener for privacy information.
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