The gym junkie tech boss whose company sustained a $3 billion wipeout

The Sydney Morning Herald - Oct 23, 2026

The fortunes of data centre business NextDC took a massive dive this week when its massive expansion plans hit a power pole in suburban Melbourne.

Read full article

More News

Shares end week down as oil price, AI doubts hit miners
Oct 23, 2026

Shares end week down as oil price, AI doubts hit miners

Australia’s sharemarket has snapped a three-week winning streak after surging oil prices and tremors in the artificial intelligence narrative hammered resource stocks.

I spent thousands on a ‘potentially dangerous’ marathon. I’d do it again
Oct 22, 2026

I spent thousands on a ‘potentially dangerous’ marathon. I’d do it again

I fell short of my goal and blew my budget. But here’s how joggers like me are keeping the economy running.

Collingwood’s The Vine Hotel looking for new owner in $4m sale
Oct 22, 2026

Collingwood’s The Vine Hotel looking for new owner in $4m sale

The last of the Melbourne pubs embroiled in the spectacular collapse of Jon Adgemis’ Public Hospitality Group is up for grabs.

Catholic Church seeking $18m windfall for inner west uni site
Oct 22, 2026

Catholic Church seeking $18m windfall for inner west uni site

The Catholic Church is testing the market with a heritage sale, while the White Fox online business “glows up” from being a tenant to landlord.

How the News Corp tabloids lifted Seven’s harrowing exclusive
Oct 22, 2026

How the News Corp tabloids lifted Seven’s harrowing exclusive

News Corp outlets were lightning fast in reporting the attack on Helen Haines after 7News Melbourne broke the news. How did they confirm it so quickly?

The men at work call each other ‘mate’. Why does it make me uncomfortable?
Oct 22, 2026

The men at work call each other ‘mate’. Why does it make me uncomfortable?

I think your nagging concern about this situation is something felt by many people at work, especially when they know their colleagues are not being malicious.

‘Incredibly disappointing’: Snowy 2.0 cost blows out to $25b in biggest setback yet
Oct 22, 2026

‘Incredibly disappointing’: Snowy 2.0 cost blows out to $25b in biggest setback yet

The cost of the Commonwealth government’s Snowy 2.0 mega-project has exploded from an estimated $6 billion to $25 billion.

ASX retreats as energy shares slump; Nick Scali tanks; Westpac axes jobs
Oct 22, 2026

ASX retreats as energy shares slump; Nick Scali tanks; Westpac axes jobs

The Australian sharemarket declined on Thursday, as shares in furniture retailer Nick Scali plummeted after a profit warning.

If you feel like everything’s falling apart, you’re probably right
Oct 22, 2026

If you feel like everything’s falling apart, you’re probably right

Trump’s erratic White House, Putin’s aggression, China’s mercantilism, globe-affecting wars, rising debt levels and skyrocketing costs of living – it’s one toxic global cocktail.

Zenith bid goes unconditional as Forrestania builds WA gold stockpile
Oct 22, 2026

Zenith bid goes unconditional as Forrestania builds WA gold stockpile

Forrestania Resources has declared its Zenith Minerals takeover bid unconditional, clearing the decks for a bigger WA gold business as it snaps up 400,000 tonnes of ore feed from Star Minerals.

China iron ore stoush puts Australian mines in the firing line
Oct 22, 2026

China iron ore stoush puts Australian mines in the firing line

One of Australia’s biggest mining companies warns deadlocked price talks with Beijing over iron ore prices may force production cuts by the year’s end.

Kuniko goes deep to light up NSW polymetallic riches
Oct 22, 2026

Kuniko goes deep to light up NSW polymetallic riches

Kuniko has deployed a downhole electromagnetic probe at its Commonwealth-Silica Hill project in NSW, hunting extensions to its recent ultra-high-grade gold-silver discovery.

Recommended

Sign Up Now

Subscribe to us for the latest news from Banking Reporter

ABOUT US
Banking Reporter

Banking Reporter is the largest-circulated online business news in the United States, bringing a whole new genre of business journalism more up close and more incisive.

Copyright © 2015 - 2026 Banking Reporter. All Rights Reserved.