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The Latest Breaking News from ASX

Executives' pay more than double the rate of inflation

Australian executives had pay rises amounting to more than double the rate of inflation in the past year due to a tight job market at the top end of town.

AAP

Scotgold appoints interim chief executive

Promotion from within will be in place until a permanent leader is found

Insider UK

Mining giant BHP admits underpaying almost 30,000 Australian workers

Mining giant BHP admits it has underpaid almost 30,000 workers, dating back to 2010, and it will cost more than $400 million to make amends.

ABC News

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3 Chip Stocks Investors Want

Despite facing several macroeconomic headwinds over the past year, the chip sector is well-positioned for growth in the long term. To that end, investors could look to buy fundamentally strong chip stocks ASE Technology Holding (ASX), Cohu (COHU), and Veeco Instruments (VECO). Keep reading.

StockNews.com

ASX closes higher, Westpac shares jump as bank records $4 billion profit in half-yearly results — as it happened

The Australian share market has closed higher after Westpac posted a $4 billion profit in its half-yearly results. Look back on the day's events as they happened with our blog.

ABC News

3 Chip Stocks Investors Are Fighting to Own

Despite the short-term cyclical downturn, the chip industry’s long-term outlook remains positive due to the increasing use of chips in powering critical technologies and government initiatives. Therefore, investors can add quality chip stocks Applied Materials (AMAT), ASE Technology Holding (ASX), and Park Aerospace (PKE) now. Read on.

StockNews.com

Australian 'finfluencer' gets 2-1/2 year sentence for market manipulation

Australian trader and online personality Gabriel Govinda was sentenced to two and half years imprisonment after he pled guilty to 23 charges of market manipulation, the country's securities regulator said on Wednesday.

Reuters

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Japanese beer giant to take over Blackmores

Japanese beer giant Kirin Holdings has struck a near $2 billion deal to takeover Australian vitamin business Blackmores.

The New Daily

Major mine Capricorn Copper will not be fully operational until 2024 after flood damage

More than a billion litres of water inundated a major copper mine in the North West Minerals Province earlier this year and several other mines were also impacted, sparking concern for export markets.

ABC News

Star Entertainment announces 500 job losses amid 'rapidly deteriorating' operating conditions at Sydney and Gold Coast casinos

In a statement to the ASX the troubled gambling giant says it will cut 500 jobs, freeze salaries and cancel executive bonuses to try to improve its financial outlook.

ABC News

Coles confirms its customers impacted by Latitude Financial data breach

Supermarket giant Coles has confirmed it has been impacted by the Latitude Financial data breach, saying personal information used to issue historical Coles-branded credit cards has been stolen by a cyber criminal group.

ABC News

Former NT chief minister Adam Giles in charge of Gina Rinehart's Hancock Agriculture, S. Kidman & Co.

The former chief minister of the Northern Territory, Adam Giles, extends his term as CEO of Gina Rinehart's Hancock Agriculture and S. Kidman & Co.

ABC News

ERA hopes to raise $369 million to continue rehabilitation of Ranger uranium mine in Kakadu

Mining company ERA is hoping to raise $369 million to continue funding the rehabilitation of a uranium mine in Kakadu National Park.

ABC News

Lawyer says WA gold stealing trial will take toll on lives of accused, despite not guilty verdict

A defence lawyer for one of the five people acquitted says they will bear the burden of court costs and ongoing impacts from the four-week trial.

ABC News

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AAP

Share market operator probed for bungled system upgrade

Corporate watchdog ASIC is investigating Australian share market operator ASX for potential breaches after a botched overhaul of its transaction system.

ABC News

Latitude Financial customers frustrated at lack of communication after millions of personal records stolen in cyber attack

With confirmation that millions of personal data files were stolen in Latitude Financial's cyber hack, customers past and present are growing tired of the company's lack of communication.

ABC News

What's happening with the Latitude Financial cyber attack? Millions of customer details stolen in one of the largest-known data breaches in Australia

The fallout from the cyber attack on non-bank lender Latitude Financial, which exposed the details of current and former customers, is continuing.

AAP

Wet weather means fewer almonds harvested than forecast

Select Harvests says initial indications are that its 2023 crop of Nonpareil almonds will be down 25 to 35 per cent from initial forecasts.

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ABC News

Latitude customers are furious: some have had data hacked before through Medibank and Optus

As well as being a Latitude Financial customer, Courtney was also caught out by the Medibank and Optus cyber-attacks. She says companies need to do more than send generic emails and platitudes.

ABC News

Mining operations suspended across the North West Minerals Province after severe floods

Some of the biggest minerals mines in Queensland will be shut down for weeks and months, and environmental experts are being engaged to assess any potential spills at the sites.

ABC News

Why racially marginalised women hide their identity by 'code-switching' to act 'white' at work

Racially marginalised women across Australian workplaces say they "act white" to fit in and get ahead, according to a new survey launched ahead of International Women's Day. Many also report still facing racism and sexism.

ABC News

ASIC sues TerraCom Limited and senior company figures after allegations it faked coal quality reports

In a national first, the corporate watchdog will take Queensland's Terracom, and four senior company figures at the time, to court for conduct it alleges harmed a whistleblower.

AAP

Private fund set to buy Slater & Gordon for $150m

Sydney-based private equity fund Allegro has agreed to buy ASX-listed consumer law firm Slater & Gordon for $150 million.

AAP

WiseTech profit soars after deal and acquisition flurry

Logistics software company WiseTech Global announced a solid jump in profits, after a string of acquisitions and new contracts boosted revenue.

ABC News

ASX eases amid interest rate uncertainty, Star plunges on $1.6 billion write-down threat — as it happened

The ASX ends lower on a raft of mixed earnings reports from JB Hi-Fi, Aurizon, IAG, Endeavour and others, while casino operator Star plunges on a write-down warning.

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