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Scalable Capital Raises Savings Rates to 2.60% on September 1, 2026
Scalable Capital raises overnight account interest to 2.60% p.a. and launches fixed-term accounts at up to 3.00% p.a. as of September 1, 2026. Full details on rates, deposit protection, and how it compares to competitors.
Maggie Beer Holdings Posts $9.5M Loss After Shopify Migration Cuts Search Traffic
Maggie Beer Holdings posts $9.5M loss after Shopify upgrade cuts organic search traffic 38% in peak season. Hampers division sales fell 6.3% despite $800k emergency marketing spend.
Qantas Ground Crew Vote 97% in Favour of Strike Action on August 31
97% of 350 Qantas ground crew workers voted for strike action over pay and job conditions. No date set yet, but three days notice required before action begins.
Qantas Accelerates A380 Retirement to 2028, Cuts Four Years From Phaseout Plan
Qantas will retire its Airbus A380 fleet from mid-2028, four years earlier than planned. The airline is replacing superjumbos with Boeing 787s and Airbus A321XLRs as part of a multibillion-dollar fleet overhaul.
Autodesk (ADSK) Stock Falls 4% Despite Q2 Earnings Beat as Fiscal 2027 Guidance Disappoints
Autodesk (ADSK) stock fell about 4% on August 28, 2026, even after the company beat Wall Street estimates in its fiscal second-quarter results. Autodesk posted $2.05 billion in revenue and $3.30 in adjusted EPS, both above expectations. Investors quickly turned their attention to the fiscal 2027 outlook. The strong Q2 numbers were not enough to…
Gold Price Today: MCX Gold Falls 0.51% to ₹1,58,189 Ahead of Jackson Hole Fed Speech
MCX gold fell 0.51% to ₹1,58,189 on August 28, 2026, as investors turned cautious ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech. Global spot gold remained near $4,604 per ounce after touching a three-month high of $4,696.18 earlier this week. The speech could influence expectations for US interest rates, the dollar and Treasury…
South Korea’s KOSPI Crashes 40%, Erasing 400 Trillion Yen in Market Value
South Korea’s KOSPI index crashed 40% in six weeks after an AI bubble burst. The market lost 400 trillion yen as retail investors faced devastating losses on leveraged bets.
Malaysia’s Ex-PM Ismail Sabri Charged With Concealing $40M in Assets on August 27
Ismail Sabri Yaakob, Malaysia’s shortest-serving PM, charged with concealing US$40M in undeclared assets including foreign currencies and gold bars. Faces up to 5 years prison if convicted.
Shein Sets Hong Kong IPO Price at HK$48.56, Valuing Fast-Fashion Giant at $26.5 Billion
Shein will price its Hong Kong IPO at HK$48.56 per share, people familiar with the matter said Thursday. The price sits near the midpoint of its HK$47.60 to HK$49.50 marketed range. The deal values Shein at roughly $26.5 billion, confirming weeks of investor pushback on valuation. Final Pricing Details Shein’s pricing will raise approximately HK$13.6…