Sydney Morning Herald – Business

Sydney Morning Herald – Business

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Australia business/markets desk with strong APAC equities and macro coverage.

Bird Strikes and Fume Incidents Ruffle Feathers for Boeing and Aviation Regulators
NewsJun 13, 2026

Bird Strikes and Fume Incidents Ruffle Feathers for Boeing and Aviation Regulators

Recent bird‑strike incidents on Southwest and other 737 MAX 8 flights have reignited concerns over the aircraft’s Leak‑Rate Detection (LRD) system, which can release oil‑laden fumes into the cabin via bleed‑air. The FAA’s Accident Investigation office urged procedural changes and a faster‑acting...

By Sydney Morning Herald – Business
Big Hits: Lac Gold, American Tungsten & Antimony and Breakthrough
NewsJun 12, 2026

Big Hits: Lac Gold, American Tungsten & Antimony and Breakthrough

Lac Gold reported a 1,580 g/t gold intercept at 150 m depth in its Astoria target, reinforcing a structurally controlled gold system within the prolific Abitibi Belt. American Tungsten & Antimony announced a 10.37‑metre interval averaging 3.98% antimony, highlighted by a 0.30‑metre...

By Sydney Morning Herald – Business
State Government Looks to Offload Former Supreme Court Building in $25m Sale
NewsJun 11, 2026

State Government Looks to Offload Former Supreme Court Building in $25m Sale

A Sydney investor bought the 1011 sq m office at 35 Rose Street, Fitzroy for A$8.6 million (≈US$5.7 million), delivering a 6.1% yield and marking only the fifth fully‑leased fringe office sale in three years. A historic Fitzroy pub on Brunswick Street changed hands...

By Sydney Morning Herald – Business
Critical Hits Multiple Pegmatites in Canadian Lithium Blitz
NewsJun 10, 2026

Critical Hits Multiple Pegmatites in Canadian Lithium Blitz

Critical Resources completed a 10‑day field program at the Corona prospect of its Mavis Lake lithium project in Ontario, uncovering 14 pegmatite bodies, including six new discoveries. The find expands the known spodumene‑beryl‑tantalite zonation and supports a district‑scale target of...

By Sydney Morning Herald – Business
Barkly Scores NT Cash for Rare Earths Met Work
NewsJun 10, 2026

Barkly Scores NT Cash for Rare Earths Met Work

Barkly Rare Earths, newly listed after an $8 million IPO, secured a $100,000 Northern Territory grant matched by the company to fund metallurgical testwork. The grant supports a mineral‑characterisation campaign ahead of a 10,000‑metre drilling program aimed at expanding its 40 million‑tonne...

By Sydney Morning Herald – Business
Aureka Drone Blitz Unlocks Prime Targets in Stawell Corridor
NewsJun 5, 2026

Aureka Drone Blitz Unlocks Prime Targets in Stawell Corridor

Aureka Limited has deployed high‑resolution drone‑borne magnetics over its 100% owned Irvine gold project in Victoria, uncovering a network of previously hidden subsurface structures. The new dataset, collected on 50‑metre line spacings, pinpointed several high‑priority anomalies, including the North Resolution...

By Sydney Morning Herald – Business
Sarytogan Launches US Bulk Graphite Purification Trials
NewsJun 5, 2026

Sarytogan Launches US Bulk Graphite Purification Trials

Sarytogan Graphite has shipped bulk concentrate from its Kazakh project to American Energy Technologies Company in Chicago for plant‑scale purification trials. The program will run the material through granulation, calcining, thermal purification, spheronisation and 5 Ah pouch‑cell battery testing. Recent financing...

By Sydney Morning Herald – Business
How Online Shopping Journeys Are Changing
NewsJun 5, 2026

How Online Shopping Journeys Are Changing

PayPal Australia’s managing director Simon Banks says online shoppers now prioritize speed, simplicity and safety, with trust becoming a decisive factor. Research shows 74% of Australians are more likely to trust a seller that displays the PayPal brand, even if...

By Sydney Morning Herald – Business
Venus Cashes in $46M Royalty, Shareholders to Pocket the Spoils
NewsJun 1, 2026

Venus Cashes in $46M Royalty, Shareholders to Pocket the Spoils

Venus Metals Corp announced the sale of its 1% net smelter royalty on the Youanmi gold project to Franco‑Nevada for $46 million cash. The board plans to return almost the entire proceeds to shareholders via a $35 million cash special dividend and...

By Sydney Morning Herald – Business
Raiz Locks in Fintech Heavyweight as New Boss
NewsJun 1, 2026

Raiz Locks in Fintech Heavyweight as New Boss

Raiz Invest has appointed Craig Keary, former SelfWealth CEO, as its new chief executive, offering a fixed remuneration package of A$500,000 (about $330,000 USD) plus incentive components. The micro‑investing platform now oversees A$2.17 billion (≈$1.43 billion USD) in assets, serving 347,354 active users...

By Sydney Morning Herald – Business
Trump’s Misfire: The Electric Car Takeover Is Now Unstoppable
NewsMay 29, 2026

Trump’s Misfire: The Electric Car Takeover Is Now Unstoppable

Electric vehicle adoption is accelerating worldwide, with sales doubling in Southeast Asia and double‑digit growth in South Korea, Latin America and Europe. Cost parity in China—where 70% of battery EVs are cheaper than gasoline models—has turned the region into a...

By Sydney Morning Herald – Business
ASX Runners: White Energy, Thrive Tribe, AnteoTech & Harvest
NewsMay 29, 2026

ASX Runners: White Energy, Thrive Tribe, AnteoTech & Harvest

White Energy Company surged 309% after completing a $15 million capital raise to acquire the Lolley No.1 underground metallurgical‑coal project in Alabama and the Tin Hut Creek lease in Queensland, expanding its footprint to 4,000 km². Thrive Tribe Technologies jumped 200% following...

By Sydney Morning Herald – Business
New Consumer Protections Would Undermine Jetstar’s ‘Existence’: CEO
NewsMay 29, 2026

New Consumer Protections Would Undermine Jetstar’s ‘Existence’: CEO

Jetstar CEO Stephanie Tully warned that Australia’s new Aviation Consumer Protection Charter could threaten the low‑cost carrier’s viability, citing higher operating costs and liability for disruptions beyond its control. The government plans a landmark consumer‑rights regime, including an aviation ombudsman,...

By Sydney Morning Herald – Business
Critical Resources Hails Sulphur-Free Battery Breakthrough
NewsMay 28, 2026

Critical Resources Hails Sulphur-Free Battery Breakthrough

Critical Resources reported that its first‑pass amorphous solid‑state electrolyte, free of sulphur, achieved room‑temperature ionic conductivity of 3.2 mS/cm and an activation energy of 0.27 eV. The metrics were benchmarked against peer‑reviewed literature, showing performance on par with leading sulphide‑class electrolytes. The...

By Sydney Morning Herald – Business
West Wits Breaks Into Ready-Made South African Gold Production Zones
NewsMay 28, 2026

West Wits Breaks Into Ready-Made South African Gold Production Zones

West Wits Mining announced that its 1 West decline has successfully intersected the historic 2 Level mining horizon at the Qala Shallows deposit in South Africa. The breakthrough gives the company immediate access to legacy underground stopes, allowing it to bypass a...

By Sydney Morning Herald – Business
ASX Climbs After Inflation Data Sparks Hopes for Rate Reprieve
NewsMay 27, 2026

ASX Climbs After Inflation Data Sparks Hopes for Rate Reprieve

Australian shares rebounded on May 27 as the April CPI slipped to 4.2%, below forecasts, reviving expectations that the Reserve Bank of Australia will pause its tightening cycle. The S&P/ASX200 gained 0.7% to 8,717.70, with all sectors in the green,...

By Sydney Morning Herald – Business
Viking Locks in Driller for Nevada Tungsten Blitz
NewsMay 26, 2026

Viking Locks in Driller for Nevada Tungsten Blitz

Viking Mines has contracted US‑based DrilCor to execute a 63‑hole reverse‑circulation drilling campaign at its Linka tungsten project in Nevada, with the rig expected on site in late June. The six‑week program will test three target zones, including 36 holes...

By Sydney Morning Herald – Business
NeuroScientific Hails 80% Clinical Response in Crohn’s Stem Cell Program
NewsMay 26, 2026

NeuroScientific Hails 80% Clinical Response in Crohn’s Stem Cell Program

NeuroScientific Biopharmaceuticals reported that four of five patients with fistulising Crohn’s disease showed a clinical response to its StemSmart mesenchymal stem cell therapy, an 80% response rate. All participants experienced symptom improvement and no serious adverse events were recorded. The...

By Sydney Morning Herald – Business
Flagship Bags A$2.75M for Multi-Million-Ounce Chilean Gold Project
NewsMay 22, 2026

Flagship Bags A$2.75M for Multi-Million-Ounce Chilean Gold Project

Flagship Minerals secured A$2.75 million (≈$1.8 million USD) in a strategic placement to accelerate the Isidora gold project in Chile’s Atacama region. The raise, priced at a 2% discount, was backed by Shandong Xinhai Mining (A$500k) and a mystery European investor (A$2 million)....

By Sydney Morning Herald – Business
Former Woolworths Boss Abruptly Steps Down From Ticketek
NewsMay 20, 2026

Former Woolworths Boss Abruptly Steps Down From Ticketek

Former Woolworths chief Brad Banducci announced his abrupt departure from Ticketek after just over a year at the helm. During his tenure the ticketing firm lost two marquee contracts – the $100 million (≈ $66 million USD) Venues NSW deal and the Melbourne Park...

By Sydney Morning Herald – Business
Virgin Australia Cuts Corporate Staff as Costs Spiral for Airlines
NewsMay 19, 2026

Virgin Australia Cuts Corporate Staff as Costs Spiral for Airlines

Virgin Australia announced cuts to a small number of corporate roles as the airline grapples with soaring jet‑fuel prices linked to the Middle East war. The carrier’s fuel‑hedging program limits the extra cost to $30‑$40 million in the second half of...

By Sydney Morning Herald – Business
Gas Giants’ $11.2m Ad Blitz Before Government Killed Off Windfall Profit Tax Idea
NewsMay 19, 2026

Gas Giants’ $11.2m Ad Blitz Before Government Killed Off Windfall Profit Tax Idea

The Australian gas sector launched an $11.2 million AUD (~$7.4 million USD) advertising campaign to block a proposed 25 percent windfall profit tax on LNG exports. Spending rose 48 percent year‑over‑year as fuel prices surged after the Iran conflict, highlighting the lobby’s effort to...

By Sydney Morning Herald – Business
Gas Giant Warns Labor on Risk of ‘Argentina-Style’ Industry Collapse
NewsMay 19, 2026

Gas Giant Warns Labor on Risk of ‘Argentina-Style’ Industry Collapse

Australia’s largest gas producers warned the Albanese government’s upcoming gas reservation scheme could trigger an industry collapse similar to Argentina’s early‑2000s experience. From July 2027 exporters will be required to retain up to 20% of LNG output for the domestic...

By Sydney Morning Herald – Business
ClearVue Clears Key Hurdle for Global Solar Tech Rollout
NewsMay 19, 2026

ClearVue Clears Key Hurdle for Global Solar Tech Rollout

ClearVue Technologies secured TÜV SÜD certification for its thermal‑management junction box under IEC 62790, a key safety and performance standard for solar façade components. The box, rated at 1,000 volts, 30 amps and IP68 waterproof, is designed to control heat and extend module life...

By Sydney Morning Herald – Business
Fresh Geophysics Fuels Growing True North Qld Copper Target
NewsMay 19, 2026

Fresh Geophysics Fuels Growing True North Qld Copper Target

True North Copper’s latest induced polarisation (IP) survey at the Mt Oxide project in northwest Queensland has extended the Aquila copper‑cobalt‑silver anomaly northward by 500 metres, pushing the strike to over 1.5 km and keeping it open at depth. Recent drill holes have...

By Sydney Morning Herald – Business
Greenland Approvals Supercharge Dalaroo Rare Earths Hunt
NewsMay 19, 2026

Greenland Approvals Supercharge Dalaroo Rare Earths Hunt

Dalaroo Metals secured two new Greenland exploration licences for its Blue Lagoon project, expanding its hold over the Gardar Alkaline Province. The enlarged land package gives the company control of key transport corridors and potential offshore heavy‑mineral traps, complementing earlier...

By Sydney Morning Herald – Business
Ex-Transport Minister, Directors Allegedly Kept Market in the Dark About Airline’s Dire Straits
NewsMay 18, 2026

Ex-Transport Minister, Directors Allegedly Kept Market in the Dark About Airline’s Dire Straits

Australian regulator ASIC has sued Rex Airlines' former chairman Lim Kim Hai and three directors, including ex‑transport minister John Sharp, alleging they misled the market with an optimistic profit forecast before revealing a $35 million (≈$23 million USD) operating loss for FY23. The airline...

By Sydney Morning Herald – Business
Viking Gets Nod for Tungsten Drilling Blitz in Nevada
NewsMay 18, 2026

Viking Gets Nod for Tungsten Drilling Blitz in Nevada

Viking Mines has secured U.S. Bureau of Land Management approval to begin a 63‑hole, 48‑pad drilling campaign at its Linka tungsten project in Nevada, targeting the first subsurface exploration in over four decades. The program includes an 800‑metre southwest extension...

By Sydney Morning Herald – Business
Steel Mill Becomes Nation’s First to Switch on Mostly Green Power
NewsMay 17, 2026

Steel Mill Becomes Nation’s First to Switch on Mostly Green Power

InfraBuild’s Laverton steel mill in Melbourne became Australia’s first steel plant to draw more than half of its electricity from renewable sources, sourcing over 50% of its power from a wind farm as of April 1. The mill uses an electric...

By Sydney Morning Herald – Business
First Qantas, Now Coles: The Star Corporate Lawyer Beating Her One-Time Clients
NewsMay 15, 2026

First Qantas, Now Coles: The Star Corporate Lawyer Beating Her One-Time Clients

Australian corporate lawyer Gina Cass‑Gottlieb, a former personal attorney to Lachlan Murdoch and director of the Murdoch family’s corporate trustee, was appointed chair of the Australian Competition and Consumer Commission (ACCC) by the Morrison government. The appointment sparked criticism from...

By Sydney Morning Herald – Business
‘Just Push Through’: Five Signs You Might Be Overachieving at Work
NewsMay 15, 2026

‘Just Push Through’: Five Signs You Might Be Overachieving at Work

Fleur Marks’ May 2026 column outlines the "five Ps" that signal an over‑achiever’s hidden trap: perfectionism, people‑pleasing, proving, performing, and pushing through. Each belief fuels a cycle of endless revisions, constant availability, workload‑driven self‑worth, a façade of competence, and chronic neglect...

By Sydney Morning Herald – Business
Boeing Ordered to Pay $69m to the Family of Woman Killed in Plane Crash
NewsMay 15, 2026

Boeing Ordered to Pay $69m to the Family of Woman Killed in Plane Crash

A Chicago federal jury awarded Samya Stumo’s family $68.6 million after she was killed in Ethiopian Airlines Flight 302, the 2019 Boeing 737 Max crash. The verdict allocates $21 million for pain and suffering, $16.5 million for loss of companionship, and $12 million for grief. It follows...

By Sydney Morning Herald – Business
Leaving Australia Is About to Get More Expensive After Budget Change
NewsMay 13, 2026

Leaving Australia Is About to Get More Expensive After Budget Change

The Albanese government announced that the Passenger Movement Charge (PMC) will rise from $70 AUD (≈$46 USD) to $80 AUD (≈$53 USD) per passenger, effective 1 January 2027. The increase comes as Middle‑East tensions push airfares higher, prompting airport groups to demand that the extra revenue...

By Sydney Morning Herald – Business
CBA Leads Big Bank Slump on Fears Budget Changes Will Hit Home Loans
NewsMay 13, 2026

CBA Leads Big Bank Slump on Fears Budget Changes Will Hit Home Loans

Australia’s Commonwealth Bank (CBA) saw its shares tumble 10.4%, erasing about AU$30 bn (≈US$20 bn) of market value after a trading update missed expectations and a federal budget that curtails negative‑gearing and capital‑gains tax concessions for new‑build properties. The policy shift is...

By Sydney Morning Herald – Business
The Checklist that Proves You’re Ready to Retire
NewsMay 12, 2026

The Checklist that Proves You’re Ready to Retire

Australian retirees are urged to follow a multi‑step checklist that blends personal identity work with rigorous financial testing. Experts from Aware Super and JBS Financial Strategists recommend visualising a post‑work lifestyle, considering phased‑down or part‑time work to capture the government Work...

By Sydney Morning Herald – Business
Can Changes to Negative Gearing and Capital Gains Tax Help You Buy a Home?
NewsMay 12, 2026

Can Changes to Negative Gearing and Capital Gains Tax Help You Buy a Home?

The 2026‑27 Australian budget proposes capping negative‑gearing deductions at $10,000 per investment property and trimming the capital‑gains‑tax (CGT) discount from 50% to 45% for residential assets. It also raises the first‑home‑buyer grant from $5,000 to $15,000 and introduces a modest...

By Sydney Morning Herald – Business
‘Boys’ Club’: Former Woolworths Executive Sues over Alleged Bullying
NewsMay 11, 2026

‘Boys’ Club’: Former Woolworths Executive Sues over Alleged Bullying

Former Woolworths senior facilities executive Jane Frewen has filed a Federal Court lawsuit alleging severe bullying, gender‑based pay disparity and forced overtime. She claims she worked 60‑90 hours weekly, was required to work through holidays, and was paid roughly one‑third...

By Sydney Morning Herald – Business
The Pain of Trump’s War Could Get Even Worse
NewsMay 11, 2026

The Pain of Trump’s War Could Get Even Worse

Investors are buoyed by record highs in the US and Japan stock markets, but the underlying oil shock from the blocked Strait of Hormuz remains unresolved. The article notes that while first‑round effects—higher fuel prices and modest consumer pull‑back—are visible,...

By Sydney Morning Herald – Business
Larvotto Eyes Tungsten Windfall at NSW Gold-Antimony Mine
NewsMay 11, 2026

Larvotto Eyes Tungsten Windfall at NSW Gold-Antimony Mine

Larvotto Resources is pivoting its Hillgrove gold‑antimony project in New South Wales toward tungsten, highlighting a kilometre‑long, high‑grade scheelite system at the Curry’s Block prospect. Historic drilling revealed intervals up to 1.40% WO3, and recent metallurgical work demonstrated up to...

By Sydney Morning Herald – Business
Zenith Bags Missing Link to Unite 6km WA Gold Corridor
NewsMay 11, 2026

Zenith Bags Missing Link to Unite 6km WA Gold Corridor

Zenith Minerals has secured a 600‑metre mining lease that links its Dulcie North and Dulcie deposits, creating a continuous six‑kilometre gold corridor in Western Australia. The combined resource now totals 675,000 ounces from 21.3 million tonnes grading 1.0 g/t. Zenith will launch...

By Sydney Morning Herald – Business
Golden Dragon Uncorks Shallow High-Grade Gold at Cue in WA
NewsMay 11, 2026

Golden Dragon Uncorks Shallow High-Grade Gold at Cue in WA

Golden Dragon Mining reported a high‑grade gold intercept of 4 m grading 17.6 g/t at a shallow 44 m depth within its Coodardy prospect at the Cue project in Western Australia. The second‑phase RC drilling program, covering 24 holes and 1,900 m, also identified...

By Sydney Morning Herald – Business
Aguia Nears Govt Green Light as Brazilian Phosphate Demand Builds
NewsMay 11, 2026

Aguia Nears Govt Green Light as Brazilian Phosphate Demand Builds

Aguia Resources has addressed the final queries from Rio Grande do Sul’s environmental agency FEPAM and expects an operating licence within three weeks. The company is poised to start mining at the Três Estradas project and processing at the Dagoberto...

By Sydney Morning Herald – Business
Oil-Price Bets Ahead of Iran War News Totalled $7 Billion, Reporting Shows
NewsMay 10, 2026

Oil-Price Bets Ahead of Iran War News Totalled $7 Billion, Reporting Shows

Reuters analysis uncovered a series of short positions on oil, diesel and gasoline futures worth roughly $7 billion that were executed minutes before four major U.S. announcements on Iran in March and April 2026. The trades, placed on ICE and CME...

By Sydney Morning Herald – Business
How a Daytime Talk Show Landed at the Centre of a Free Speech Battle
NewsMay 10, 2026

How a Daytime Talk Show Landed at the Centre of a Free Speech Battle

ABC’s daytime talk show *The View* is facing an FCC inquiry over possible violations of the equal‑airtime rule after the Trump administration urged its cancellation. The network argues the program has a news exemption dating back to 2002 and is...

By Sydney Morning Herald – Business
ASIC Was Dubbed a ‘Watchdog with No Teeth’. Has Joe Longo Changed It?
NewsMay 8, 2026

ASIC Was Dubbed a ‘Watchdog with No Teeth’. Has Joe Longo Changed It?

Joe Longo chaired Australia’s Securities and Investments Commission from 2021 until May 2026, steering a turnaround after a series of leadership scandals. He introduced annual enforcement priorities, merged enforcement teams, and pushed a restructuring that doubled formal investigations and quadrupled penalties...

By Sydney Morning Herald – Business
Atlassian Billionaire Boss, Now Solo, Faces His Biggest Test Yet
NewsMay 6, 2026

Atlassian Billionaire Boss, Now Solo, Faces His Biggest Test Yet

Mike Cannon‑Brookes, now the sole leader of Atlassian after co‑founder Scott Farquhar stepped back, confronts the company’s steepest challenge yet. Over the past 12 months Atlassian’s shares have tumbled 70% to US$57 as investors fear AI‑generated alternatives could erode demand...

By Sydney Morning Herald – Business
The $562 Million LA Mansion Built for Royals that Just Hit the Market
NewsMay 1, 2026

The $562 Million LA Mansion Built for Royals that Just Hit the Market

A Bel‑Air mansion originally built for Qatar’s Al Thani royal family has been listed for $562 million, potentially setting a U.S. residential sales record. The 70,000‑square‑foot estate, completed in 2018, cost $350 million to construct and sits on eight acres with 39 bedrooms,...

By Sydney Morning Herald – Business
Kaiser Doubles Down in Victoria with Round-the-Clock Gold
NewsMay 1, 2026

Kaiser Doubles Down in Victoria with Round-the-Clock Gold

Kaiser Reef has shifted its Porcupine Flat plant at the Maldon project to a two‑shift, 24‑hour operation, effectively doubling throughput while adding minimal staff and cost. The plant now processes the Union Hill low‑grade stockpile of 566,000 tonnes at 0.48 g/t, delivering...

By Sydney Morning Herald – Business
This Oil Shock Will Hit Asia Harder than the 1970s
NewsApr 30, 2026

This Oil Shock Will Hit Asia Harder than the 1970s

The recent oil shock stemming from the Iran‑Strait of Hormuz crisis is reverberating across Asia more intensely than the 1970s oil crises. Jet fuel in Singapore has doubled, prompting airlines to trim May schedules by 10‑15%, while Japan’s subsidies only...

By Sydney Morning Herald – Business