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6th August 2024

SA Business Journal

Worst day since 2020: ASX in $102bn wipeout

Australian investors suffered the worst trading day on the ASX since May 2020 as fears of a recession in the US sent share prices, oil and the dollar sharply lower.

ASX up after S&P 500 plunges 3pc in global rout

Local shares rise after a wobbly start, with Nikkei clawing back some of Monday's huge losses. Wall Street bled overnight amid a global sell-off. Treasury Wines books $290m impairm...

Green steel targets are crucial, Magnetite Mines says

Magnetite Mines says the nation needs to set targets and fund a green iron centre of excellence to ensure the sector realises its potential.

WFH to end: Public servants ordered back to the office

SA public servants are being told to get back to the office to boost Adelaide’s retail sector. So what does that mean for you?

Festival Tower notches major milestone as doors open

The newest addition to Adelaide’s skyline – Festival Tower – has achieved a major milestone ahead of its official opening today.

‘Exceptional’ sales boom as Aussies flock to Crocs

They are colourful, slip-on plastic clogs that people love to hate, but Australians have bought so many that the makers of Crocs are planning to launch its newest shoe brand here.

Adelaide tower sold to prominent developer for record price

Developer Theo Samaras has picked up an Adelaide office block from Charter Hall for $84.25m – the city’s largest office deal in more than a year.

Green steel boom ‘needs right policies’

Australia needs to establish a green metals network and funding to capitalise on the large opportunity posed by green steel and other metals, a cooperative research centre says.

Woodside’s $30bn LNG project poses risk to reef: EPA

The preliminary ruling by WA’s Environmental Protection Agency is a blow for developing what Woodside has called Australia’s largest untapped gas resource.

NeuRizer gets lifeline from hugely dilutive raise

NeuRizer will issue almost 800 million new shares in a $1.6m capital raise which the urea project developer says ensures its solvency.