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The Latest Breaking News from ASX

Intel Corporation (INTC) vs. ASE Technology (ASX) - Analyzing the Dominant Chip Stock

Amid rising chip demand across sectors and the integration of AI, the chip industry’s prospects appear promising. Chip stocks, Intel (INTC) and ASE Technology (ASX) are well-positioned to benefit from the industry tailwinds. However, which of these is the dominant chip stock? Read more to find out.

StockNews.com

The Optus outage shows us the perils of having vital networks in private hands

Optus chief executive Kelly Bayer Rosmarin is set to front a Senate inquiry this week, probing last week’s colossal outage which left millions stranded without internet or mobile phone connectivity for a staggering 14 hours.

The Conversation

Caddick's husband gives up fight for fraudster's goods

The husband of deceased fraudster Melissa Caddick will walk away with a handful of luxury goods with other items to be sold and funds returned to investors.

AAP

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Aust shares break winning streak as RBA lifts rates

The ASX200 has finished down 0.3 per cent in its first losing day this month after the Reserve Bank raised interest rates for the first time in five meetings.

AAP

Top ASX firms report improved social and environment performance by revising past data, study finds

Research finds companies more likely to revisit corporate social responsibility results when tied to CEO pay

The Guardian - AU

Marex becomes newest ASX futures clearing participant

London-based Marex was recently added to the ASX futures clearing registry, which is heavily concentrated between just a few participants

AAP

Australian shares rise again, close at three-week high

The ASX200 has finished up 0.7 per cent in its fifth straight day of gains amid a pullback in US bond yields and reports of new stimulus measures from Beijing.

AAP

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Australian share market plunges to six-month low

The ASX200 has slumped to its lowest in six months and the dollar to its weakest since November, despite interest rates staying on hold.

AAP

PwC Australia reveals more breaches on heels of scathing report into consultancy scandal

Firm releases ‘statement of facts’ alongside Switkowski review making further admissions about government consultation work

The Guardian - AU

PwC to restructure board as report into consultancy scandal released

PwC Australia will also commit to publishing audited financial statements

The Guardian - AU

Mining once made this Pacific island unliveable, now residents fear its return

Australian mining company puts Banaba exploration plan on hold amid islanders’ concerns their phosphate-rich homeland may again be exploited

The Guardian - AU

‘Only at Qantas’: workers express disbelief at CEO Alan Joyce’s $10m share windfall

Unions say bonus payments, revealed to the ASX on Friday, ‘reward management for short-term thinking and cost cutting’

The Guardian - AU

Building Your September Watchlist? Don’t Overlook These 3 Chip Stocks

The global semiconductor market thrives on the demand from consumer electronics and emerging technologies like AI and IoT, driving the need for advanced memory chips. In light of this, fundamentally sound chip stocks like ASE Technology (ASX), inTEST Corp. (INTT), and Diodes Inc. (DIOD) could be added to your watchlist…

StockNews.com

Stage fright as new listings plummet to crisis-era lows

The slowest period of new ASX listings in more than a decade has been blamed on high interest rates, pessimism about the global economy and pandemic strains.

AAP

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news in one place.

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AAP

Companies sense opportunity in psychedelic legalisation

Millions of Australians live with mental ill health and companies are gearing up to take advantage of new psychedelics-as-medicine rules.

The Guardian - AU

Rex Airlines warns of $35m loss due to ‘supply chain shocks’

Company says it has been forced to make significant reductions to its flight schedule in recent months

The New Daily

Executives’ pay more than double the rate of inflation

Australian executives had pay rises amounting to more than double the rate of inflation in the past year due to a tight job market at the top end of town.

AAP

Executives' pay more than double the rate of inflation

Australian executives had pay rises amounting to more than double the rate of inflation in the past year due to a tight job market at the top end of town.

Get all your
news in one place.

100's of premium titles.
One news app.

Insider UK

Scotgold appoints interim chief executive

Promotion from within will be in place until a permanent leader is found

ABC News

Mining giant BHP admits underpaying almost 30,000 Australian workers

Mining giant BHP admits it has underpaid almost 30,000 workers, dating back to 2010, and it will cost more than $400 million to make amends.

StockNews.com

3 Chip Stocks Investors Want

Despite facing several macroeconomic headwinds over the past year, the chip sector is well-positioned for growth in the long term. To that end, investors could look to buy fundamentally strong chip stocks ASE Technology Holding (ASX), Cohu (COHU), and Veeco Instruments (VECO). Keep reading.

ABC News

ASX closes higher, Westpac shares jump as bank records $4 billion profit in half-yearly results — as it happened

The Australian share market has closed higher after Westpac posted a $4 billion profit in its half-yearly results. Look back on the day's events as they happened with our blog.

StockNews.com

3 Chip Stocks Investors Are Fighting to Own

Despite the short-term cyclical downturn, the chip industry’s long-term outlook remains positive due to the increasing use of chips in powering critical technologies and government initiatives. Therefore, investors can add quality chip stocks Applied Materials (AMAT), ASE Technology Holding (ASX), and Park Aerospace (PKE) now. Read on.

Reuters

Australian 'finfluencer' gets 2-1/2 year sentence for market manipulation

Australian trader and online personality Gabriel Govinda was sentenced to two and half years imprisonment after he pled guilty to 23 charges of market manipulation, the country's securities regulator said on Wednesday.

The New Daily

Japanese beer giant to take over Blackmores

Japanese beer giant Kirin Holdings has struck a near $2 billion deal to takeover Australian vitamin business Blackmores.

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