AU
Business & Markets
Latest Australian business & markets news and updates
Business & Markets (ASX)
Woolworths Sales Exceed Expectations as Inflation and Fuel Costs Weigh on Outlook
Woolworths Group reported Q3 sales of A$18.10 billion, beating expectations, but shares dropped nearly 10% as the company warned that rising fuel costs and geopolitical tensions will impact profit margins.
Business & Markets (ASX)
ASX 200 Records Tenth Consecutive Day of Losses as Inflation Fears Mount
The S&P/ASX 200 index has recorded its tenth consecutive day of decline, closing at 8,652.1 points as Australia's inflation rate surged to 4.6% in March. The prolonged downturn, driven by energy supply shocks and RBA rate hike fears, marks the longest losing streak for the index since mid-2022.