business

A criminal probe into the US Federal Reserve chair threatens to undermine the US dollar and the global monetary system. Local analysts warn the implications for Australia are profound. Source link

Australian stocks traded modestly higher on Tuesday after investors on Wall Street mostly brushed aside concerns about the US Justice Department’s criminal investigation of Federal Reserve chair Jerome Powell. Source link

In the past week, the US has dramatically expanded and accelerated its attacks both inside and outside its borders. Here’s where Australia stands in the fray. Source link

It took just 41 kilograms of explosives and less than a minute — a remnant of the 1970s fossil fuel age is blown to bits to make way for a methanol fuel plant. Source link

A key part of a national freight route is operational again following a 97-hour operation to recover partially derailed wagons, after a derailment between Port Augusta and Port Pirie. Source link

US Federal Reserve chief Jerome Powell confirms he is facing a Department of Justice investigation, while Australia’s competition watchdog will use new powers to go after the big supermarkets, according to a report. Source link

India was also invited to attend the meeting, but it is unclear if it has accepted the invitation.  Source link

Australia’s population is forecast to reach 28 million people in 2026 despite an easing of overseas arrivals following the post-COVID-19 migration peak.  Source link

Rio Tinto and Glencore are in takeover talks that could potentially lead to a combined mega miner worth more than $US200 billion. Analysts are questioning whether Rio will be interested in Glencore’s coal assets, having sold off its own in 2018.  Source link

Glencore has confirmed media speculation that the company is back in merger talks with Rio Tinto. Follow updates live on our business and finance blog. Source link