ASX starts RBA day higher; Airlines soar, energy stocks slide as oil prices tumble

The Sydney Morning Herald - Nov 3, 2026

The Australian sharemarket opened higher ahead of the Reserve Bank’s interest rate decision, helped by a slump in oil prices amid renewed hopes diplomacy can end the war in Iran.

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The owner of surfwear staple Rip Curl and outdoor adventure brand Kathmandu is in talks about a possible deal, it revealed on Monday.

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King River lights up new gold targets at WA Murchison project

Soil sampling at King River Resources’ Mindoolah gold project in WA’s Murchison has returned a high-grade 231.8ppb gold result, with drilling now underway on the new targets.

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Nov 2, 2026

KPMG set to slash hundreds more jobs before Christmas

The latest round of job cuts will take place within weeks with payouts worth far less than the millions paid to former executives who resigned following a scandal.

Wall Street on edge after $1.4 trillion wipeout
Nov 2, 2026

Wall Street on edge after $1.4 trillion wipeout

For years, Wall Street has been happy to write blank cheques for some of the biggest companies in the world. But investors are now starting to get nervous.

The $315b debt binge that’s driving up the cost of borrowing
Nov 1, 2026

The $315b debt binge that’s driving up the cost of borrowing

The AI craze is not only threatening to wipe out jobs and inflate a sharemarket bubble. It’s also costing governments more when they borrow.

Super funds slammed for ‘blaming customers for complaints’
Nov 1, 2026

Super funds slammed for ‘blaming customers for complaints’

Complaints have surged in the multitrillion dollar super sector, but the watchdog says fund trustees are too readily blaming issues on members.

It is the RBA’s job to fight inflation, but governments must do more to help
Nov 1, 2026

It is the RBA’s job to fight inflation, but governments must do more to help

The RBA and Australian governments are pulling in opposite directions. No wonder inflation pressures persist.

Australia’s newest airport wants more flights as airlines cut back capacity
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Australia’s newest airport wants more flights as airlines cut back capacity

Qatar Airways, which has committed to Western Sydney International, has reduced the number of passengers it flies daily around the world by about 25,000 since the US-Israel-Iran War erupted.

Inside the scramble to contain the largest crypto heist in history
Nov 1, 2026

Inside the scramble to contain the largest crypto heist in history

From New York to Abu Dhabi and Kyiv, security researchers and Binance executives rushed to trace the stolen money after a hack that has shocked the crypto world.

‘Thanks for raiding us’: Inside the crackdown on underquoting
Oct 31, 2026

‘Thanks for raiding us’: Inside the crackdown on underquoting

As the NSW government ramps up fines for underquoting and brings in new pricing transparency rules for agents, we spend a day with those enforcing the rules.

David Jones hosted Queen Elizabeth II and Dior – but nostalgia won’t save it
Oct 30, 2026

David Jones hosted Queen Elizabeth II and Dior – but nostalgia won’t save it

On the brink of financial collapse, the 188-year-old institution has a legacy worth saving – but no one seems to believe it can ever return to its former glory.

Trump the lame duck would be a relief for the world
Oct 30, 2026

Trump the lame duck would be a relief for the world

There is no shortage of reasons to worry about the global economy. And yet there is at least one piece of good news on the horizon.

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