Welcome to the Fear and Greed Business News Afternoon Report for Wednesday, the twenty sixth of March twenty twenty five. I'm suan Alma. Every afternoon, We've got the five stories that happened today that you need to know about. Sorry. Number one inflation figures for the month of February were released today. In the all important underlying reading, the month was two point seven percent, well within the reserve banks two to three percent target range. That helped investors, with the s ANDPA SX two hundred finishing up zero point seven percent to seven nine hundred and ninety nine points. Mind you, during the session it did push above eight thousand points for the first time in a fortnight or so. The banks did particularly well. Aane ZB was up three percent, so to the miners and the energy companies. Retailers also did well, while the healthcare sector underperformed. In corporate news, Vulcan Energy jumped twelve percent after the European Commission recognized its Lion Heart lithium project as crucial to securing the continent's critical mineral supply chain, and Paladin Energy tumble twelve percent after retracting its twenty twenty five production guidance due to unseasonably heavy rainfall disrupting its Namibia Lange Heinrich mine Stroy number two. The fallout from last night's budget continues. Question Time today in Palam is very much focused on the country's finances. The debate was around task cuts, work from home, instant asset right off legislation, all types of things. This is the last week of parliament ahead of the election. In the Senate, Green's Senator Sarah Hanson Young wielded a large fish protesting what she calls a gutting of environmental laws by the Albanesi government. Meanwhile, the Prime Minister flag further election announcements to help trades and blue collar workers during the election campaign, which we expect to be announced over the next few days. Sorry Number three, seal makers need coal to burn in their blast furnaces, and administrators of Whyala Steel Works have scrambled to buy cocin coal from competitive Bluescope as well as China and Indonesia after finding they had just three days of supplier left. They spent sixty million dollars buying up coal after previous owner Sanji Gupta ran down stockpiles. So when Administrator's Quadamenta arrived. There are only three days of supply. Yesterday. Cordamenta called it an unexpected cost. Quartermantha said Bluescope is among twelve parties interested in acquiring the steel Works. The steel Works was fourth into administration by the South Australian government in mid February. I mean one point three five billion dollars straight number four bottle shops, First Choice and Vitage Sellers will be rebranded. In fact, they're going to become liquor Lands as part of owner coals As efforts to take on Dan Murphy's Endeavor owns Dan Murphy's it used to be owned by Woolies Dance has been the market leader for a long time, and as part of Coal's efforts to gain some ground, all nine hundred and eighty four of its liquor stores will become liquor Land. Coles wants to build a national brand and will reinvigorate its price matching campaigns starting next month rollout, we'll see all Coal's liquor stores unified under three banners Lickorland, Lickorland Sellers and Lickorland Warehouse. The program will increase Lickorland's footprint by twenty five percent, with many of the stores located near or adjacent to a coal supermarket and final astor at number five. US Vice President JD. Vance is heading to Greenland this week, taking over a controversial visit that officials in Greenland have made very clear that they don't want at all. This week, the Trump administration said that Usher Vans, the Second Lady, and Michael Walltz, the National Security Advisor, we're traveling to Greenland to promote ties with the semi autonomous territory of Denmark that President Donald Trump wants for the United States. Officials from Denmark and Greenland immediately branded the trip as aggressive and part of the President's plan to get the island, according to The New York Times, but now there's been a change in plans, with the VP going himself on x. Vance said he would and I quote just check out what's going on with the security there off Greenland, and he also accused Denmark of ignoring the island, which he said was bad for the security of the entire world as it For the Afternoon Report for Wednesday, the twenty sixth of March twenty twenty five, make sure you hit follow on the podcast, we'll be back to my own morning with the first day edition of the Fast five business news by Fear and Greed. I'm Shanelma. Enjoy your evening.

Welcome to the Fear and Greed Business News Afternoon Report for Wednesday, the twenty sixth of March twenty twenty five. I'm suan Alma. Every afternoon, We've got the five stories that happened today that you need to know about. Sorry. Number one inflation figures for the month of February were released today. In the all important underlying reading, the month was two point seven percent, well within the reserve banks two to three percent target range. That helped investors, with the s ANDPA SX two hundred finishing up zero point seven percent to seven nine hundred and ninety nine points. Mind you, during the session it did push above eight thousand points for the first time in a fortnight or so. The banks did particularly well. Aane ZB was up three percent, so to the miners and the energy companies. Retailers also did well, while the healthcare sector underperformed. In corporate news, Vulcan Energy jumped twelve percent after the European Commission recognized its Lion Heart lithium project as crucial to securing the continent's critical mineral supply chain, and Paladin Energy tumble twelve percent after retracting its twenty twenty five production guidance due to unseasonably heavy rainfall disrupting its Namibia Lange Heinrich mine Stroy number two. The fallout from last night's budget continues. Question Time today in Palam is very much focused on the country's finances. The debate was around task cuts, work from home, instant asset right off legislation, all types of things. This is the last week of parliament ahead of the election. In the Senate, Green's Senator Sarah Hanson Young wielded a large fish protesting what she calls a gutting of environmental laws by the Albanesi government. Meanwhile, the Prime Minister flag further election announcements to help trades and blue collar workers during the election campaign, which we expect to be announced over the next few days. Sorry Number three, seal makers need coal to burn in their blast furnaces, and administrators of Whyala Steel Works have scrambled to buy cocin coal from competitive Bluescope as well as China and Indonesia after finding they had just three days of supplier left. They spent sixty million dollars buying up coal after previous owner Sanji Gupta ran down stockpiles. So when Administrator's Quadamenta arrived. There are only three days of supply. Yesterday. Cordamenta called it an unexpected cost. Quartermantha said Bluescope is among twelve parties interested in acquiring the steel Works. The steel Works was fourth into administration by the South Australian government in mid February. I mean one point three five billion dollars straight number four bottle shops, First Choice and Vitage Sellers will be rebranded. In fact, they're going to become liquor Lands as part of owner coals As efforts to take on Dan Murphy's Endeavor owns Dan Murphy's it used to be owned by Woolies Dance has been the market leader for a long time, and as part of Coal's efforts to gain some ground, all nine hundred and eighty four of its liquor stores will become liquor Land. Coles wants to build a national brand and will reinvigorate its price matching campaigns starting next month rollout, we'll see all Coal's liquor stores unified under three banners Lickorland, Lickorland Sellers and Lickorland Warehouse. The program will increase Lickorland's footprint by twenty five percent, with many of the stores located near or adjacent to a coal supermarket and final astor at number five. US Vice President JD. Vance is heading to Greenland this week, taking over a controversial visit that officials in Greenland have made very clear that they don't want at all. This week, the Trump administration said that Usher Vans, the Second Lady, and Michael Walltz, the National Security Advisor, we're traveling to Greenland to promote ties with the semi autonomous territory of Denmark that President Donald Trump wants for the United States. Officials from Denmark and Greenland immediately branded the trip as aggressive and part of the President's plan to get the island, according to The New York Times, but now there's been a change in plans, with the VP going himself on x. Vance said he would and I quote just check out what's going on with the security there off Greenland, and he also accused Denmark of ignoring the island, which he said was bad for the security of the entire world as it For the Afternoon Report for Wednesday, the twenty sixth of March twenty twenty five, make sure you hit follow on the podcast, we'll be back to my own morning with the first day edition of the Fast five business news by Fear and Greed. I'm Shanelma. Enjoy your evening.