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Wall Street’s moves were much more modest overall than the extreme swings that have hit financial markets since the war began in late February.

ASX bounces back on renewed Iran talk hopes; BHP jumps on China concessions

The Australian sharemarket advanced as Donald Trump raised hopes for an Iran deal, and BHP gained on reports of progress in its months-long iron ore tussle with China.

  • Staff writers

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Trump has threatened that a “whole civilisation will die tonight, never to be brought back again” if Iran does not meet his deadline to open the Strait of Hormuz.

ASX soars in $80 billion rally as investors cheer ceasefire

Markets around the region rose sharply on Wednesday and the Australian dollar strengthened above US70¢, as investors welcomed the prospect of lower oil prices.

  • Simon Johanson and Clancy Yeates
President Donald Trump speaks to reporters after stepping off Air Force One on Friday.

Trump’s ‘big present’ from Iran could be an even bigger present for China

Donald Trump thinks Iran allowing Pakistani ships passage through the Strait of Hormuz is a “very significant prize”. If US doesn’t win control of Iran’s oil, it may well backfire.

  • Stephen Bartholomeusz
The change marks the next step in the evolution of British banknotes, which have been transformed in recent years for reasons of both taste and security.

‘Wokery’: Winston Churchill, Jane Austen to be removed from UK pound notes in controversial redesign

Some of Britain’s most historical figures are making way for creatures like hedgehogs and badgers.

  • Tom Rees
The Aussie dollar has had a strong run against a suite of major currencies.

Why the Aussie dollar isn’t a ‘whipping boy’ any more

Our dollar has had a strong run, and there are good reasons to think we should get used to it staying around the US70¢ mark – or even climbing higher.

  • Clancy Yeates
The dramatic surge in US government debt in only the first year of Trump’s second presidency – about $US2 trillion, and rising, has been added – have raised concerns about America’s longer term fiscal stability.

Trump has opened the door for Europe to attack

The president’s erratic policies have created the best chance in the 75-year history of the “European Project” to erode the dominance of the US dollar.

  • Stephen Bartholomeusz
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Sanae Takaichi

The ‘Iron Lady’ looking to shake up the world order

Sanae Takaichi’s landslide Japanese election win gives her the green light for her ambitious economic plans. How she executes them matters for all of us.

  • Stephen Bartholomeusz
Trump and Chinese President Xi Jinping in October.

Trump’s vulnerable America is a target for China

Xi Jinping appears to be trying to take advantage of the “Sell America” sentiment in global markets generated by Donald Trump’s chaotic policymaking.

  • Stephen Bartholomeusz
President Donald Trump has been pushing for lower rates for months.

Trump will be seeing red as the Fed refuses to bow down

The president’s plot to bend the US central bank to his will is not going as he expected.

  • Stephen Bartholomeusz
The Trump factor has weighed heavily on Peter Dutton.

What if Trump doesn’t chicken out next time?

Investors think they have Donald Trump worked out, but that assumption could blow up in their faces.

  • Stephen Bartholomeusz