SA Business Journal: Shares bloodbath - what happens next? | Work from home under threat | Green steel targets needed

Email Australian investors suffered the worst trading day on the ASX since May 2020 as fears of a recession in the US sent share prices, oil and the dollar sharply lower.

View in browser 6th August 2024

SA Business Journal Worst day since 2020: ASX in $102bn wipeout Australian investors suffered the worst trading day on the ASX since May 2020 as fears of a recession in the US sent share prices, oil and the dollar sharply lower. READ MORE   ASX up after S&P 500 plunges 3pc in global rout Local shares rise after a wobbly start, with Nikkei clawing back some of Monday's huge losses. Wall Street bled overnight amid a global sell-off. Treasury Wines books $290m impairm... READ MORE   Green steel targets are crucial, Magnetite Mines says Magnetite Mines says the nation needs to set targets and fund a green iron centre of excellence to ensure the sector realises its potential. READ MORE   WFH to end: Public servants ordered back to the office SA public servants are being told to get back to the office to boost Adelaide’s retail sector. So what does that mean for you? READ MORE   Festival Tower notches major milestone as doors open The newest addition to Adelaide’s skyline – Festival Tower – has achieved a major milestone ahead of its official opening today. READ MORE   ‘Exceptional’ sales boom as Aussies flock to Crocs They are colourful, slip-on plastic clogs that people love to hate, but Australians have bought so many that the makers of Crocs are planning to launch its newest shoe brand here. READ MORE   Adelaide tower sold to prominent developer for record price Developer Theo Samaras has picked up an Adelaide office block from Charter Hall for $84.25m – the city’s largest office deal in more than a year. READ MORE   Green steel boom ‘needs right policies’ Australia needs to establish a green metals network and funding to capitalise on the large opportunity posed by green steel and other metals, a cooperative research centre says. READ MORE   Woodside’s $30bn LNG project poses risk to reef: EPA The preliminary ruling by WA’s Environmental Protection Agency is a blow for developing what Woodside has called Australia’s largest untapped gas resource. READ MORE   NeuRizer gets lifeline from hugely dilutive raise NeuRizer will issue almost 800 million new shares in a $1.6m capital raise which the urea project developer says ensures its solvency. READ MORE   Newsletters Today's Paper +Rewards Want to change how you receive these emails? Manage your newsletter preferences or unsubscribe from this newsletter. Sent by The Advertiser, GPO Box 339, Adelaide SA 5001, Australia.