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CBA trading update awaited.

ASX to slip, CBA trading update pending

Australian shares are set to edge lower, in line with modest moves on Wall Street. Results expected from Orica. News Corp, REA report. Follow updates here.

  • 7 mins ago
  • Timothy Moore
Wall Street.

ASX to slip, S&P 500 finishes little changed

Australian shares are set to open lower. Iron ore slid. The S&P 500 traded in a narrow range. Sweden cuts rate; BoE expected to hold.

  • 18 mins ago
  • Timothy Moore
Palestinians look at the destruction after an Israeli strike on a residential building in Rafah.

Hospitals in the south of Gaza only have three days of fuel left

United Nations secretary general António Guterres says a full-scale invasion of Rafah ‘would be a human catastrophe’. Follow updates live.

  • 21 mins ago
  • Gus McCubbing
Direct financing of Papua LNG, a potentially transformative project being developed by Santos, TotalEnergies, ExxonMobil and JX Nippon, would be ruled out under ANZ’s new oil and gas lending policy. Photo: Colin Packham

ANZ hardens policy against bankrolling oil and gas projects

The bank says it will “no longer provide direct financing to new or expansion upstream” projects, practically ruling out lending to the largest proposals.

  • 32 mins ago
  • Ben Potter
Hysata CEO Paul Barrett.

Green energy firm Hysata raises $172m from big name investors

Hysata says its system is one of the most efficient solutions in the world to produce hydrogen from water.

  • 1 hr ago
  • Sarah Thompson, Kanika Sood and Emma Rapaport
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aniel Bracken CEO Michael Hill at the Chadstone Jewellery store Chadstone Shopping Centre 2024 Melbourne

‘The gap below Cartier and Tiffany’: Michael Hill’s luxury play

ASX-listed jeweller Michael Hill has been undergoing a major rebranding exercise.

  • Patrick Durkin

Brisbane’s best restaurants for a business lunch

Where to go when you’ve got a deal to discuss, when you want to impress your top client or thank the team – as tested by our reviewers.

  • Jill Dupleix
Jon Gray says Australia’s long-term growth trends are strong despite a “rough patch”.

Blackstone wants bigger Australia bet as brighter economy beckons

Jon Gray says the US private capital giant will look to increase its exposure to Australia ahead of what he expects will be an economic upswing.

  • James Thomson

What we expect in Tuesday’s federal budget

This week on The Fin podcast, political editor Phillip Coorey on what is likely to be announced in the federal budget and what it means for inflation and interest rates.

Frank Poullas is the executive chairman of Magnis Energy.

Magellan has a curious connection to rolling Magnis Energy disaster

The corporate regulator launched legal proceedings against the EV hopeful last week. It wasn’t the first compliance team to take an interest – in a way.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Resources Minister Madeleine King: Turning off gas overnight would do untold damage to our economy.

We will need new sources of gas

Australia is committed to reaching net zero emissions by 2050, and we will need gas to get there.

  • Madeleine King
Angus Aitken reckons BHP’s bid for Anglo is “crazy”.

BHP’s Anglo bid will turn into a ‘complete mess’: Angus Aitken

The prominent stockbroker has told his clients the strategy to buy the whole company to just get its copper and coal mines “seems crazy to us”.

  • Peter Ker
While governments find it tempting to punish people holding large balances with more tax, what we really need is to learn from the past.

A smarter way to tax high super balances

The government has tried to keep things simple, but in doing so fairness has gone out the window.

  • Meg Heffron
Cafe Sydney

The 10 best private dining rooms in Australia

Whether it’s for a corporate event, a birthday, or just because, these venues take a lot of beating for excellent food, top wines and exclusive service.

  • Jill Dupleix
An unknown buyer paid close to $A3 million for this wreck.

Why this wrecked Ferrari is good value at $3m

Apparently, the burnt-out remains of a 1954 Ferrari race car was a bargain.

  • Tony Davis
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Where to dine for business in Canberra, Darwin, Hobart and Launceston

Where to go when you’ve got a deal to discuss, when you want to impress your top client or thank the team – as tested by our reviewers.

  • Jill Dupleix
The CBO in February said deficits would rise to $US2.6 trillion by 2034.

Trump tax cut extension cost swells to $7 trillion, CBO warns

New estimates from Congress’s fiscal scorekeeper make clear the cost of extending the 2017 tax cuts enacted under President Donald Trump.

  • Erik Wasson
AB InBev’s brands include Budweiser, Stella Artois and Corona.

European stocks hit new record high on flow of solid earnings

European stocks have added 2.1 per cent already this month. Separately, the FTSE 100 also hit a fresh record, lifted by commodities outperformance.

  • Macarena Muñoz
Sam Bankman-Fried, co-founder of FTX, which collapsed in November 2022.

Most FTX customers to get all their money back after catastrophic collapse

The collapsed cryptocurrency exchange says it will be able to pay off most of its investors - but the soaring price of bitcoin means they still lose.

  • Michelle Chapman
Matt Carolan in Sydney, where his new platform will focus its initial efforts.

Dutch pension fund giant puts $700m into Sydney build-to-rent start-up

Apt.Residential has won the backing of PGGM, which has committed $700m to the rollout of 2500 apartments.

  • Larry Schlesinger