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Fears over the growing stockpile of zombie companies

Fears over the growing stockpile of zombie companies

Temporary protections against insolvency could actually be creating a time-bomb of heavily indebted non-viable businesses.

  • by Lucy Battersby

Latest

Innocent Madoff investors must pay back Ponzi profits, court rules
Wall Street

Innocent Madoff investors must pay back Ponzi profits, court rules

Investors who profited from Bernard Madoff’s massive Ponzi scheme even though they knew nothing of it must still pay back their profits, a US appeals court decided on Thursday.

As it happened: Best week in six as banks rise on lending law backflip
Markets Live

As it happened: Best week in six as banks rise on lending law backflip

The banks powered a 1.5% ASX200 rise on Friday after government flagged it would ease lending restrictions. The Big Four added nearly $15 billion on their own.

  • by Alex Druce
ASX set to edge higher after rocky Wall Street session
Updated
World markets

ASX set to edge higher after rocky Wall Street session

Volatility continues to be the dominant force in Wall Street's tumultuous September, setting up the ASX for an unsteady start on Friday.

  • by Stan Choe, Damian Troise and Alex Veiga
As it happened: ASX droops 0.8% as tech, gold miners suffer
Markets Live

As it happened: ASX droops 0.8% as tech, gold miners suffer

The ASX 200 fell by as much as 1.7% on Thursday following a renewed selloff on Wall Street. The market improved but still ended 0.8% lower at 5875.9.

  • by Alex Druce
ASX set to drop as Wall Street dives on fresh economic fears; $A falls again
Updated
World markets

ASX set to drop as Wall Street dives on fresh economic fears; $A falls again

Wall Street fell across the board as new data heightened fears of a choppy economic recovery from the pandemic-driven recession.

  • by Herbert Lash
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Even diamonds are on discount in the coronavirus slump
Investing

Even diamonds are on discount in the coronavirus slump

De Beers has cut prices for smaller diamonds in its latest move to draw customers back to the market after the pandemic froze up trading in precious stones.

  • by Thomas Biesheuvel
She has Trump's support but Fed nominee's track record raises eyebrows
Federal Reserve

She has Trump's support but Fed nominee's track record raises eyebrows

Judy Shelton's enigmatic background has fuelled concerns about which version of the nominee would show up to the Fed board if she wins one of its seven seats.

  • by Jeanna Smialek and Emily Cochrane
As it happened: Rate cut talk fuels $42b ASX rebound
Markets Live

As it happened: Rate cut talk fuels $42b ASX rebound

The ASX 200 rebounded 2.4% on Wednesday as expectations of an October rate cut built on a strong Wall Street lead.

  • by Alex Druce
ASX set to jump as Amazon surge leads Wall Street rebound
Updated
World markets

ASX set to jump as Amazon surge leads Wall Street rebound

Amazon has been the headline act on a bright session for Wall Street, setting up the ASX for strong gains this morning.

  • by Herbert Lash
As it happened: Virus fears, commodities slump wipes 0.7% from ASX
Markets Live

As it happened: Virus fears, commodities slump wipes 0.7% from ASX

The ASX 200 has continued its September slide, dropping to a three-month low on Tuesday. The market closed 0.7% lower at 5784.1.

  • by Alex Druce