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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Thursday, the nineteenth December twenty twenty four. I'm Suan Elmer.

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Speaker 1: Every afternoon, we've got the five stories that happened today

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Speaker 1: that you need to know about. Straight. Number one SMPASX

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Speaker 1: two hundred fell by one point seven percent today to

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Speaker 1: close at eighty one hundred and sixty eight points, the

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Speaker 1: lowest since early November. It came after the US Federal

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Speaker 1: Reserve cut interest rates in the world's biggest economy, but

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Speaker 1: signaled that was likely to cut two more times, not

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Speaker 1: four more times as the market expected. That sent the

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Speaker 1: S and P five hundred down three percent overnight, and

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Speaker 1: the local market followed. There was selling across the bores.

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Speaker 1: All the big banks were lower. In fact, they're all

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Speaker 1: off more than two percent, so to Goodman Group. The

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Speaker 1: big miners was sold off. Cole's QB in Transurban were

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Speaker 1: among the few to end the day blending the black story.

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Speaker 1: Number two A and Z held its annual general meeting

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Speaker 1: today and investors are not happy, with around thirty eight

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Speaker 1: percent of shareholders voting against the bank's remuneration report. Outgoing

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Speaker 1: chief executive officer Shane Elliot has voluntarily given up three

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Speaker 1: point two million dollars in bonuses on the back of

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Speaker 1: the scandal surrounding the bank's trading floors, which are now

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Speaker 1: part of a regulatory investigation into market manipulation. The allegations

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Speaker 1: are that traders manipulated a fourteen billion dollar federal government

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Speaker 1: bond issuance to benefit themselves in the bank, pushing up

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Speaker 1: borrowing costs. Last week, mister Eliot said he would step

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Speaker 1: down next year. In Portuguese banker Nuno Martos will take

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Speaker 1: the top job to strike against Anez's rem report. Today

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Speaker 1: was the first since twenty eighteen. Another one next year

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Speaker 1: means the board will spill and directors will have to

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Speaker 1: be revoted. In story number three, Australian officials have helped

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Speaker 1: nearly one hundred and fifty citizens get home from Benawatu

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Speaker 1: as the Pacific island deals with the aftermath of two

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Speaker 1: serious earthquakes. Australian citizens were assisted to get home on

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Speaker 1: Royal Australian Air Force flights which were returning from the

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Speaker 1: humanitarian mission underway. A sixty four person to astro Assistance

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Speaker 1: Response team from Australias on the ground in Manawatu with

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Speaker 1: two specialist dogs. The team includes Queensland's fire and rescue

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Speaker 1: personnel in K nine teams, as well as doctors, paramedics,

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Speaker 1: engineers and communications technicians. The seven point three magnitude earthquake

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Speaker 1: struck on Tuesday, killing fourteen and injuring hundreds. Story number four.

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Speaker 1: The Albanezi government will reopen Australia's embassy in the Ukrainian

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Speaker 1: capital Kiev. Foreign Minister Penniwong traveled to Ukraine and visited

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Speaker 1: the site of the embassy, which was evacuated by the

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Speaker 1: former coalition government in early twenty twenty two, shortly after

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Speaker 1: Russia's February twenty four invasion. She said that from next

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Speaker 1: month Australia's ambassador and deputy head of Mission will return

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Speaker 1: to the country. Embassy staff and activity were relocated to Poland,

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Speaker 1: but the move was only supposed to be temporary. Australia's

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Speaker 1: arrangements became increasingly isolated and unusual, as most other countries

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Speaker 1: returned their diplomatic staff to Kiev over the course of

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Speaker 1: twenty twenty two, and finally's story number five, female employee

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Speaker 1: of BHP and Rio Tinto of the past twenty years

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Speaker 1: will be invited to join class actions alleging sexual harassment

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Speaker 1: after Brisbane law firm JGA Sadler started legal proceedings last week.

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Speaker 1: JJA Sadler lawyer Josh Aylwood said he'd advised two unnamed

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Speaker 1: women in the filing of two separate claims, one against

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Speaker 1: BHP one against Rio. According to Astroying the Finn Review,

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Speaker 1: the legal action would be run on an opt out basis.

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Speaker 1: That means all women who worked for BHP or RIO

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Speaker 1: since November twenty twenty three will be eligible to register

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Speaker 1: for the claim unless they actively choose to opt out.

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Speaker 1: Mister Aylwood said BHP and RIO would be ordered by

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Speaker 1: the court potentially as early as February to contact all

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Speaker 1: form of female employees and make them aware of their eligibility.

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Speaker 1: The class action comes two and a half years after

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Speaker 1: the West Australian Parliament handed down a bombshell inquiry into

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Speaker 1: sexual harassment at mind Sights. The process forced big miners

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Speaker 1: such as BHP, RIO and Fortescue to reveal dozens of

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Speaker 1: sexual rassment claims made by staff. As if the Afternoon

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Speaker 1: Report for Thursday, the nineteenth of December twenty twenty four,

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Speaker 1: make sure you hit follow on the podcast We'll be

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Speaker 1: back tomorrow morning with a Friday edition of the Fast

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Speaker 1: five Business news by Fear and Greed. I'm Sean Elma.

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Speaker 1: Enjoy your evening.