Politicians across the board are demanding names of other partners involved in the PwC tax leaks scandal after the departure of former CEO Tom Seymour.AUD -0.3% to 67.64 US centsIn New York: BHP -0.3% Rio +0.3% Atlassian +3%Spot gold +0.7% to $US2,036.41 /oz at 2.29pm in New York10-year yield: US 3.52% Australia 3.45% Germany 2.34%Stocks drifted lower following some mixed earnings reports. Several beaten-down banks are also weakening after a brief respite from a brutal run.
Electric automaker Lucid Group dropped 6.9 per cent after reporting a worse loss than expected for the latest quarter. In a note to clients on Tuesday, he said: “We have been wrong, plain, and simple. The reality is that, while inflation exhibits some idiosyncratic persistence, contrary to what we expected, activity has proven far more resilient.”The Albanese government is expected to bank a further $22 billion in revenue from record iron ore and coal prices in future budgets after Treasury was forced to update its price assumptions for key commodities.