The ASX is down 1% as it follows the US markets, which experienced their worst drop since late 2022. Profit reports from Tesla and Alphabet have dampened enthusiasm for artificial intelligence technology.
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Disclaimer: this blog is not intended as investment advice. The ASX has been in the red by more than 1% for most of the day.
With less than an hour of trade left, I expect it to close around that level.
I’ll provide the final numbers once they are settled.
After eight years of financial struggles and court battles, the liquidator of Clive Palmer’s former Queensland Nickel refinery announced that the company’s creditors have been paid in full.
The Yabulu Nickel Refinery, owned by Queensland Nickel Industries, was the largest private employer in the Townsville region when it collapsed in 2016, owing hundreds of millions of dollars.
More than 700 workers lost their jobs.
Liquidator FTI reported that outstanding creditors have been paid $300 million.
You can read more about this below.
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