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World markets
ASX caps off positive week after jobs report boosts Wall Street
The Australian sharemarket edged higher Friday, taking its gains for the week to 1.6 per cent, after a strong lead from Wall Street, where the benchmark S&P 500 Index surged to within 1 per cent of its record.
- by Jessica Yun
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World markets
ASX breaks five-day win streak as big banks slide
The big four banks weighed down the Australian sharemarket after the Commonwealth Bank’s March quarter cash profit fell 5 per cent compared to the same time last year.
- by Jessica Yun and Sumeyya Ilanbey
Multinationals push back, blaming supermarkets for rising prices
Global companies like Nestle, Unilever, Coca-Cola and Mars face the possibility of a further inquiry into their role in rising grocery prices.
- by Jessica Yun
Supermarket inquiry lays out plan for pricing crackdown
The Senate inquiry into supermarket prices has released its final report and 14 recommendations including powers to break up big supermarkets and a strengthened food and grocery code of conduct.
- by Jessica Yun
Qantas’ $225 and $450 compensation payments: What you need to know
The airline admitted it misled consumers by advertising tens of thousands of “ghost flights”. Here’s everything we know about what affected customers will get.
- by Jessica Yun and Amelia McGuire
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World markets
ASX steps up after Wall Street rallies
The Australian sharemarket stepped up on Monday after Wall Street capped a choppy week of trading with its best day in more than two months.
- by Jessica Yun and Millie Muroi
How Jurlique is refreshing the 39-year-old beauty brand for Millennials
Owned by a Japanese parent company and led by a French retail executive, the South Australian-born all-natural skincare business hopes to build loyalty with younger customers.
- by Jessica Yun
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World markets
ASX closes green as Wall Street jumps; Apple surges on earnings
The S&P/ASX 200 has climbed, reflecting US’ rally that trimmed the majority of their losses for the week, while Apple released its numbers after the closing bell.
- by Jessica Yun
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Supermarkets
‘We have got a lot of work to do’: Woolworths ‘out-traded’ as it trails Coles
Outgoing Woolworths chief executive Brad Banducci says cost-of-living pressures have hit the supermarket giant.
- by Jessica Yun
‘Extraordinary’: Shein Australia hits nearly $1 billion in sales and triples profits
The Chinese-owned ecommerce play has become one of the nation’s biggest fashion retailers in a few short years, on par with Myer and Cotton On.
- by Jessica Yun
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Supermarkets
Coles expands home brands to compete with Aldi
As the price of some fruit and meat comes down, Coles is betting on lower-priced home-brand products to stop customers from switching to the German discount supermarket.
- by Jessica Yun