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ASX flat as investors await US data

The share market jumped to reach its highest level in almost three months on Monday morning before shedding early gains to finish flat at the end of trading.The benchmark S & P/ASX200 added just 4.1 points, to finish at 7,199 at the…

Major twist as Evergrande faces collapse

Embattled Chinese property juggernaut Evergrande has once again wriggled its way out of shutting down completely two years after becoming the most indebted company in the world. On Monday local time, many thought the property developer was…

Thousands affected by Westpac outage

Westpac customers have been left unable to access their money after a mass outage of the bank’s online systems. The bank began reporting issues about 9pm Monday, with mobile and online banking impacted by the outage. “We’re aware that…

‘Holy war’: Biblical detail in PM’s speech

Benjamin Netanyahu has been accused of declaring a “holy war” against Gaza by supporters of Palestine, with the right-wing leader continuing to invoke religious themes in the escalating battle against Hamas.Critics say the tactic shows the…

Co-work pioneer WeWork set for bankruptcy

Co-working pioneer WeWork will file for bankruptcy as early as next week, a source has told The Wall Street Journal. Co-founded by Adam Neumann, Rebekah Paltrow and Miguel McKelvey, WeWork was launched in New York in 2010, originally…

Jenny Craig seeks urgent buyer

Weight loss empire Jenny Craig has appointed voluntary administrators after reports it would cease operations in Australia “due to its inability to secure additional financing”.A statement released on Tuesday confirmed FTI Consulting’s…

Shock as Jenny Craig collapses

Weight loss empire Jenny Craig will reportedly close down its operations “due to its inability to secure additional financing”.According to a leaked staff email seen by NBC News, the company will close down after four decades as an industry…

‘Severe stress’: Interest rate hike fear

Australians will be on a knife edge to see whether more pain will be inflicted on them by interest rate rises following one of the most aggressive rate hike cycles from the Reserve Bank of Australia in recent times.Last month, the RBA chose…