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Superannuation funds have faced a Senate committee after a lawsuit was launched against Cbus. Australia's unemployment rate has held steady at 4.1pc in October. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Chemist Warehouse could become a bigger business than Coles after a merger deal
Two of Australia's biggest pharmacy brands are joining forces to become a multi-billion-dollar pharmaceutical juggernaut. Here's why the competition watchdog gave the deal the all-clear.
Topic:Explainer
Photo shows A red house icon painted onto a yellow brick building with white text that reads "Chemist Warehouse".Chemist Warehouse to become country's largest pharmacy group after ACCC approves $8.8 billion deal
Discount pharmacy retailer Chemist Warehouse will be allowed to merge with Sigma Healthcare to create an $8.8 billion pharmaceutical giant after being approved by Australia's competition regulator.
Photo shows A freestanding sign advertising a Chemist Warehouse store and its opening hours.ASX closes closes up on Sigma-Chemist Warehouse merger; Nine cops protest vote, US markets rallied on Trump's victory — as it happened
The Australian share market bounced back after the ACCC approved the Sigma and Chemist Warehouse merger. Nine felt the wrath of investor fury, while supermarkets and the RBA were a key focus. Look back at the day's events.
Photo shows A close-up shot of a Chemist Warehouse sign outside a store.US election results push global markets higher as bitcoin climbs to new record — as it happened
Bitcoin pushed to a new record high as investors digest US election results while 'Trump trades' push global markets higher and officials from the Treasury, ATO and ACCC faced Senate estimates.
Photo shows A man looks at a share price board outside the ASX in Sydney.RBA leaves cash rate at 4.35pc, ASX loses ground — as it happened
The Reserve Bank of Australia has held the official cash rate at 4.35pc, while the ASX lost ground. Catch up on the day's events and insights from our business reporters on the ABC News markets blog.
Photo shows An ASX board shot by John Gunn in Deccember 2022.AFP searches PwC's Sydney offices, while ASX gains ahead of RBA rates decision — as it happened
The ASX has gained 0.6 per cent, while Westpac's profit has slipped and Mineral Resources founder and MD Chris Ellison has been forced to step down early. Look back at the day's events.
Photo shows A mobile phone is held in a person's hand at the ASX in SydneyASX has lowest close since mid-September; household spending weaker than expected — as it happened
The Australian market ended lower on Friday, following a sell-off on Wall Street as shares of tech giants Microsoft and Meta fell sharply. Here is how the trading day unfolded on our business blog.
Photo shows A man stands in front of red and green indicator boards.Woolworths grilled by investors, as its rival Coles tells the market that inflation is coming down — as it happened
Woolworths held its annual general meeting, Coles released a trading update, and the Australian share market traded slightly down as hopes for a pre-Christmas interest rate cut faded. Here is how the trading day unfolded on our business blog.
Photo shows A person holds a Woolworths-branded brown paper shopping bag while walking through the fresh produce section.ASX closes lower after consumer price rises slow in September quarter — as it happened
The Australian share market closed lower after the inflation rate fell, but markets see slim prospects of an interest rate cut from the Reserve Bank before year-end. Look back on how the day unfolded with our specialist business reporters.
Photo shows Australian currency is seen next to a wages graphASX rises, Premier rallies on Myer's plan to buy Just Jeans, Portmans, Dotti — as it happened
Department store Myer struck a deal for Premier Investment's clothing brands, and investors in Premier cheered the news. The ASX closed higher for the third day in a row. Catch up on the day's events and insights from our business reporters on the ABC News live markets blog.
Photo shows Just Jeans store in MelbourneASX makes marginal gain and Mosaic Brands enters administration — as it happened
The ASX has struggled to make much headway, gaining just 0.1 per cent, while the big fashion retailer Mosaic Brands has entered administration. Look back at the day's events.
Photo shows A stock trader looks down at a tablet as he works on the floor of a busy stock exchange while surrounded by screens.ASX posts gain, Qantas avoids board spill, WiseTech rallies after White stands aside — as it happened
Qantas shares touch a record high as it holds its annual meeting under the cloud of an engineer's strike, but avoids a board spill. WiseTech shares lead the ASX higher after the company's founder stands down as CEO. Here's how the session unfolded on the ABC markets blog.
Photo shows Qantas logo on Sydney Airport terminal glassASX closes lower, Senate committee into lowering home loan buffer wraps up — as it happened
Australian shares have closed lower after losses on Wall Street overnight over concerns interest rates may stay higher for longer, while a Senate committee looking at the home loan buffer wraps up with equal arguments for and against lowering it.
Photo shows a house for sale in the brisbane suburb of stafford with the sale sign in the front yardASX ends with slight gain, Qantas shares hit all-time high as some engineers walk off the job — as it happened
The ASX 200 ended slightly higher on Wednesday, with Qantas's share price hitting an all-time record. Meanwhile, ASIC is suing insurer QBE for allegedly misleading customers over premium discounts.
Photo shows An ASX board shot by John Gunn in Deccember 2022.ASX falls sharply, WiseTech shares rally as Richard White's legal fight ends — as it happened
WiseTech shares recovered after the bankruptcy case embroiling Richard White was withdrawn. Local stocks fell sharply, with all sectors in the red. Catch up on the day's events and insights from our business reporters on the ABC News live markets blog.
Photo shows Richard White claps in front of ASX bellASX closes 0.7pc higher, WiseTech shares slump as board reviews Richard White allegations, Qantas pays out illegally sacked workers — as it happened
The local share market gained 0.7pc after a strong lead from Wall Street. The board of WiseTech says it's "monitoring" the scandal surrounding founder Richard White, while Qantas could face a hefty bill for illegally sacking workers during the pandemic. Look back at the day's events.
Photo shows Richard White seated at a wooden boardroom table with a tablet in front of him.How a changing workplace culture caught out a billionaire
The founder, chief executive and major shareholder of WiseTech Global, Richard White, has found himself embroiled in a civil court case involving lurid accusations, raising the question of when private affairs matter for publicly-listed companies.
Photo shows Close up of Richard White smiling on stage.ASX 200 retreats from record high as Flight Centre nosedives and China's economy slows — as it happened
A day after setting a new record high, the Australian share market ended lower on Friday after data confirmed China's economy was still losing steam despite the country ramping up its economic stimulus packages.
Photo shows Flight Centre sign at shopfront at South Bank in Brisbane.ASX closes on fresh record high, strong jobs numbers dampen talk of early rate cuts — as it happened
Australia's national unemployment rate remained steady in September at 4.1 per cent. The share market closed on another record high. Catch up on the day's business and markets news in the live blog.
Photo shows ASX in SydneyASX 200 closes lower, key jobs data out tomorrow — as it happened
Australian shares have finished the day lower after losses on Wall Street, where all three benchmarks fell. Look back on the day's events and insights from our business reporters on the ABC News live markets blog.
Photo shows An ASX board shot by John Gunn in Deccember 2022.