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Glenn Dyer
Fed Raises Rates, Eyes 2018 Increases
Added On - 12/14/2017 8:10:06 AM
As expected the US Federal Reserve has lifted its key short term interest rate for a third time this year and forecast more increases to come in 2018.
CBA Files Money-Laundering Defence
Added On - 12/14/2017 8:03:13 AM
The Commonwealth Bank has admitted to a number of the breaches of anti-money laundering and counter-terrorism financing laws, but also says it will be contesting other charges filed by Austrac, the Federal financial intelligence agency.
BHP Readies Shale Exit
Added On - 12/14/2017 8:03:05 AM
BHP's looming sale of its unwanted US shale oil and gas assets will be made into a market place in 2018 that looks tougher than this year, although prices for oil and gas in America could see small gains.
Mining Trio Outline Expansion Plans
Added On - 12/14/2017 8:02:33 AM
New investment and expansion plans were revealed yesterday by three Australian miners in beach minerals, lithium and zinc.
Iron Ore, Oil Go In Different Directions
Added On - 12/13/2017 8:08:24 AM
Iron ore and oil prices prices have made some dramatic moves in the first two days on this week.
End Of An Era As Lowy Sells Westfield
Added On - 12/13/2017 8:08:18 AM
European Unibail Rodamco will buy Westfield for $US24.7 billion, or more than $A32 billion and create a global giant.
Asaleo In New Profit Warning
Added On - 12/13/2017 8:08:10 AM
Asaleo Care shares fell 12% at one stage yesterday after issuing a surprise profit warning for the year to December 31.
NAB Sees Ease Back In Business Conditions, Confidence
Added On - 12/13/2017 8:08:03 AM
Last month's surprise spike in business conditions was more than unwound in November, according to the National Australia Bank's monthly survey, with business confidence also retracing.
Transurban Inks West Gate Tunnel Project
Added On - 12/13/2017 8:07:38 AM
Another major deal for Transurban, the country's toll road king, to swallow, this time in Melbourne.
Zurich Buys ANZ's OnePath
Added On - 12/12/2017 8:18:58 AM
Swiss insurer, Zurich Insurance will pay $2.85 billion ($US2.14 billion), for the ANZ's life insurance business.
Retail Food Junked After Fairfax Reports
Added On - 12/12/2017 8:13:33 AM
Retail Food Group's (RFG) shares were monstered yesterday after two days of adverse media reports (in Fairfax Media papers and websites) eroded investor confidence in the country's biggest listed franchise operation.
GE Pulls The Plug On Coal
Added On - 12/12/2017 8:13:26 AM
Anyone who thinks coal still has a wonderful outlook should think again and look at the recent decisions by two of the world's biggest power equipment manufacturers.
Cleanaway Bags Tox Free Solutions
Added On - 12/12/2017 8:13:16 AM
A friendly clean up in the garbage, waste removal business with the larger Cleanaway Waste Management reaching agreement to snaffle the smaller rival Tox Free Solutions for $3.425 a share in cash - which values Tox at $671 million.
Mineral Resources Enters AWE Battle
Added On - 12/12/2017 8:13:09 AM
Its a busy life for Mineral Resources - if it's not lithium and iron ore one day, it's oil and gas the next - and that saw perplexed investors punish the company's shares yesterday, wiping more than 8% off their value after revealed the company revealed half a billion dollar bid for energy group, AWE.
ASX Edges Higher Over The Week
Added On - 12/11/2017 7:46:38 AM
The ASX is looking a solid start this morning following the positive global lead on Friday night that saw the ASX 200 futures rise 23 points or 0.4%.
Diary: Fed, ECB, BoE, Bitcoin Frenzy
Added On - 12/11/2017 7:46:30 AM
The global outlook this week will be dominated by central banks with the standout as usual being the two day meeting of the US Federal Reserve ending on Thursday and the widely expected rate rise from America's central bank.
Iron Ore Ends Wild Week Lower
Added On - 12/11/2017 7:42:45 AM
A mostly down week for commodities, with losses for iron ore, copper, gold and oil. A stronger US dollar helped push prices lower, as did changing sentiment about some products such as copper.
China Trade Data Jumps In November
Added On - 12/11/2017 7:42:39 AM
Chinese trade surged in November, and there were also scant signs of inflationary pressures, according to figures released on Friday and Saturday.
China's Commodity Demand Returns In November
Added On - 12/11/2017 7:42:32 AM
Good news for Australia and Australian exporters as China's demand for commodities picked up sharply in November, surprising foreign analysts as the world's largest consumer of raw materials lifted imports of copper, crude oil, soybeans and iron ore.
Chinese Demand Lifts LNG
Added On - 12/11/2017 7:41:41 AM
Further confirmation on Friday of the impact China's surging demand for LNG is having on prices and the market.
Steinhoff Woes Deepen On Credit Downgrade
Added On - 12/8/2017 12:45:49 PM
The plight of global retailer, Steinhoff International worsened Friday morning after it lost its investment level credit rating.
Iron Ore, Gold Under New Selling Pressure
Added On - 12/8/2017 8:32:10 AM
Iron ore and gold prices fell heavily overnight Thursday, placing pressure on the share prices of leading miners when trading starts later today.
Shares Plunge As Steinhoff Fights To Survive
Added On - 12/8/2017 7:47:35 AM
Could we be about to see a massive global retail collapse in the shape of the implosion of the South African global retail conglomerate Steinhoff International - a move, which it happens, would shake sections of the Australian retail sector?
Fractures Emerge In China Energy Policy
Added On - 12/8/2017 7:47:30 AM
China's winter energy policy is starting to fracture as looming gas shortages force the central government to ease restrictions on coal use by households, especially across the northern provinces.
Home Depot's Message For Bunnings
Added On - 12/8/2017 7:47:27 AM
There's message for all retailers from Home Depot, America's Bunnings, which this week revealed plans to double its investment in improving its stores and staff to try and hit a $US120 billion annual sales target in the next three years.
Yowie In Sweet US Expansion
Added On - 12/8/2017 7:47:22 AM
Here's a sweet rally for shareholders in WA confectionary company - the shares were up 14.7% to 19.5 cents yesterday after it revealed an announced an expansion into the US via key distributors.
Iron Ore Hits The Skids
Added On - 12/7/2017 7:51:40 AM
The optimists have the ASX 200 up around 20 points in overnight trading, as they ignored a 4% plus slide in iron ore prices and focused on small rises in Wall Street stocks.
Freedom Owner Slammed Over 'Accounting Irregularities'
Added On - 12/7/2017 7:51:37 AM
Steinhoff International, the parent company of one of Australia's biggest collection of retail chains is under enormous pressure with the shares plunging on Stock Exchanges South Africa and Germany the morning after the company sacked is CEO and finally confirmed media reports of what appears to be major 'accounting irregularities.'
Q3 GDP Falls Short
Added On - 12/7/2017 7:51:33 AM
Third quarter economic growth was weaker than forecast and surprisingly depended heavily on the solid growth in the jobs market as exports, consumer spending/retail all did poorly.
Shareholders Tick Slater & Gordon Rescue Plan
Added On - 12/7/2017 7:51:29 AM
Life after death for Slater & Gordon? It seems so. But not for existing shareholders who have been all but wiped out by a recapitalisation deal agreed to at the legal services company's annual meeting yesterday.
TPG Stung By First Strike On Executive Pay
Added On - 12/7/2017 7:51:20 AM
TPG shares ended the day up 1.35 after the telecom reaffirmed its 2018 financial guidance given in September, but it suffered as shareholders gave the telecommunications provider its first strike over executive pay.
Markets Cool As Tax Reform Becomes Reality
Added On - 12/6/2017 8:11:28 AM
It is going to be a miserable day on the ASX, is the overnight trading on Wall Street and the futures markets are any guide, with big falls, matched by a sell down in some key commodities such as copper which suffered its biggest one day slide in two years in London and New York with losses of well over 4%.
Worst Behind South32?
Added On - 12/6/2017 8:07:36 AM
Shares in South32 ended up more than 3.6% yesterday at $3.38, despite more problems for its Illawarra Metallurgical Coal operations south of Sydney where uncertain mining conditions will hold back output in he year to June, 2018.
CSL Bets Big On Heart Attack Treatment
Added On - 12/6/2017 8:07:28 AM
CSL has revealed plans to spend $US550 million ($A720 million) on phase three clinical trials of a new treatment aimed at preventing secondary heart attacks that hit more than one in 10 heart attack victims and can be more deadly than the initial attack.
Chinese Pull AWE Takeover Offer
Added On - 12/6/2017 8:07:20 AM
Shares in small energy group, AWE fell more than 16% at one stage yesterday after China's state-owned China Energy Reserve and Chemical Group dropped its $430 million "offer" AWE just days after news of the non-binding offer was made public.
Sixteen Straight As RBA Shifts Focus To 2018
Added On - 12/6/2017 8:06:56 AM
No move on interest rates from the Reserve Bank yesterday, so the rate rise speculation spills over into 2018, or 2019 in the case of a forecast from Westpac.
Iron Ore Enters Bull Market
Added On - 12/5/2017 7:47:13 AM
Iron ore prices are now back in a bull market phase with a sharp rise on Monday taking the rise since the lows of late October to more than 20%.
G8 Education Slammed On Earnings Forecast
Added On - 12/5/2017 7:41:25 AM
Shares in G8 Education slid 23.1% to $3.40 after the childcare provider cut its projected earnings guidance for the year to December 31.
Solid Data Unlikely To Sway RBA
Added On - 12/5/2017 7:41:21 AM
The Reserve Bank board will complete more than a year of doing nothing about its official cash rate when it passes on a rate move at its final meeting for 2017 today.
Rio Tinto Unveils New Chair
Added On - 12/5/2017 7:41:17 AM
Rio Tinto got a new chairman on Monday in board member Simon Thompson, a compromise candidate after shareholders rejected former Xstrata boss, Mick Davis.
Hardware Leads Metcash Fightback
Added On - 12/5/2017 7:40:55 AM
The three and a bit year of turnaround at Metcash under just retired CEO, Ian Morrice, has paid on in spades in a sharp improvement in first half profit and the first dividend for more than three years.
Iron Ore Breaks Back Above $70 Barrier
Added On - 12/4/2017 7:45:56 AM
Commodities started December with a surge on Friday, led by November's star, iron ore. Copper, lead, zinc and gold also reported gains on Friday, but many still eased over the week.
OPEC Production Cuts Stirs Oil
Added On - 12/4/2017 7:42:10 AM
Oil futures started December climbing on Friday, after a group of major oil producers agreed on Thursday in Vienna to continue production caps through 2018.
GDP Leads Big Week Of Data
Added On - 12/4/2017 7:42:06 AM
A big week for the Australian economy - the country's GDP is expected to have regained the above trend 3% level (as forecast several months ago) when the September quarter National Accounts are released on Wednesday, a day after when the Reserve Bank board will complete a year of doing nothing about its official cash rate.
Diary: Oz GDP, RBA, US Jobs, Trump's Tax Plan
Added On - 12/4/2017 7:42:02 AM
A busy week here and offshore with interest rate decisions, US jobs data, US tax, Brexit meetings, a possible partial closure of the US government, the citizenship and same sex marriage bill in Federal Parliament and GDP reports, especially here on Wednesday.
US Markets Continue To Charge Ahead
Added On - 12/4/2017 7:41:57 AM
Friday night's small fall in the futures market of around 6 points should reverse quickly when trading resumes later this morning on the ASX 200 after the Trump tax changes moved closer to becoming law at the weekend.
ACCC Drops Tabcorp-Tatts Review
Added On - 12/1/2017 11:04:04 AM
The $11 billion Tabcorp-Tatts merger will go to a shareholders meeting in less than two week's time with the chances of a second regulatory challenge now gone after the ACCC said Friday morning that it would not ask for another judicial review of the approval by the Australian Competition Tribunal.
NBN Delays Force Telstra Into Downgrade
Added On - 12/1/2017 11:03:59 AM
The dividend is safe, but not Telstra's bottom line after the telco slashed its expected 2017-18 revenues by a huge $700 million, with pre tax earnings slashed by $600 million.
Dow Breaks 24,000 On Trump Tax Prospects
Added On - 12/1/2017 8:25:28 AM
Wall Street soared on the final day of trading as prospects for the US Senate passing the huge Trump tax bill improved.
Iron Ore Surprises In November
Added On - 12/1/2017 7:58:33 AM
A mixed month for commodities with iron ore a surprise star, while oil was solid but other metals were weaker.
OPEC Agrees To Oil Cut Extension To End Of 2018
Added On - 12/1/2017 7:53:41 AM
Oil prices went nowhere in the wake of news that OPEC and some non-member producers such as Russia had agreed to extend their production cap to the end of 2018.
Canberra Caves On Banking Royal Commission
Added On - 12/1/2017 7:53:26 AM
The federal government caved in to political pressure and agreed on a royal commission into the industry after the big four banks changed their tune and through their support behind the idea.
Aristocrat Lands Big Fish, Investors Unimpressed
Added On - 12/1/2017 7:52:32 AM
Aristocrat Leisure will become the second biggest social casino gaming company in the world, after agreeing to pay $1.3 billion for United States social gaming company Big Fish.
Business Investment Advances In September Quarter
Added On - 12/1/2017 7:52:05 AM
Private business investment is well on its way to reporting an annual rise for the first time in at least three years, judging by another rise in expected capex spending for the 2017-18 financial year, according to figures released yesterday by the Australian Bureau of Statistics.
Oroton Placed Into Administration
Added On - 11/30/2017 2:42:36 PM
The slide in Australian retailing continues with handbag retailer OrotonGroup collapsing and being placed into administration.
FAANG Worries On Wall Street
Added On - 11/30/2017 7:55:41 AM
So on the face of it, the news flow overnight was bullish, a stronger US third quarter GD second estimate of 3.3%, rising optimism on President Trump's tax cut package and solid optimism among investors, or so it seemed until sharp falls in the collection tech tech giants known as the FAANG stocks whacked the Nasdaq.
Seek Shares Slip Despite Upgrade
Added On - 11/30/2017 7:55:36 AM
Those hard to please investors were up to it again yesterday selling off shares in jobs group, Seek, despite an improved earnings guidance upgrade at yesterday's annual meeting
Capitol Health To Mop Up Integral Diagnostics
Added On - 11/30/2017 7:55:32 AM
Rationalisation in Australia's $4 billion plus a year diagnostic imaging sector with the news that Capitol Health is bidding to mop up the slightly larger rival, Integral Diagnostics in a $356 million bid.
NZ Loan-To-Value Ratios Set To Ease
Added On - 11/30/2017 7:55:20 AM
Australia's big four banks are about to get a modest bonus from New Zealand's regulators - an easing in the loan to valuation ratios for home loans.
Trump's Yellen Clone Powell The Next Fed Chair
Added On - 11/29/2017 8:10:10 AM
Judging by his written testimony to his confirmation hearing in Washington overnight, you have to wonder if Donald Trump's nominee for the chair of the US Federal Reserve is the right man - he's offering more of the same as we saw with Janet Yellen.
'Soft' Mayne Pharma Disappoints
Added On - 11/29/2017 8:10:02 AM
Generic drugs group, Mayne Pharma saw its shares dip yesterday in the wake of yet another poor trading update.
Oroton Headed For Privatisation
Added On - 11/29/2017 8:07:33 AM
A bid is expected today or tomorrow to privatise the underperforming luxury products retailer, OrotonGroup.
Eraring Coal Fires Up Origin Energy
Added On - 11/29/2017 8:07:25 AM
Shares in Origin Energy rose to a two year high on Tuesday with some reports claiming the rise was due to the company revealing cost cuts at its flagship liquefied natural gas export operation in central Queensland.
BHP Cools Copper Ambitions
Added On - 11/29/2017 8:06:46 AM
A briefing yesterday in Adelaide by BHP Minerals Australia's CEO, Mike Henry and his management team confirmed both approaches - especially the attraction to copper, with plans to continuous upgrade and expand the huge Olympic Dam mine in South Australia over the next few years at a cost of close to $A3 billion.
Village 'Confident' On Resuming Dividends
Added On - 11/28/2017 8:01:48 AM
Shares in Village Roadshow edged higher yesterday on very small volume after shareholders were told at Friday's annual meeting they will have to wait for nearly a year before they find out when the company will resume paying dividends.
South32 To Separate South Africa Coal Unit
Added On - 11/28/2017 7:54:59 AM
South 32 has followed Anglo American by taking the first step to reducing its involvement in the weak and underperforming South African economy by revealing a proposal to separately manage its coal operations in the country.
Downer Upgrades Profit Outlook
Added On - 11/28/2017 7:54:58 AM
A relief rally for Downer EDI shares when the company provided a trading update and new guidance after its protected takeover of Spotless which didn't reveal any disasters.
Billionaire Grabs Foothold In RCG Corporation
Added On - 11/28/2017 7:54:42 AM
Retail billionaire Brett Blundy has no fear of Amazon or the slow down in consumer spending - he has just extended his empire by by becoming a major shareholder in the struggling footwear retailer, RCG Corporation.
Copper Lifts On BHP Strike, Weaker $US
Added On - 11/27/2017 8:02:37 AM
Even though gold and silver eased on Friday and for the week, it was a confirmation that the mini-resources surge that seemed over a couple of weeks ago, has returned - and without much in the way of speculative help from Chinese investors who spent most of last week coping with major changes to financial rules by worried regulators.
Oil Markets Countdown To OPEC Meeting
Added On - 11/27/2017 7:58:22 AM
The direction of oil prices over the next few months will be set this week - not by the continuing disruption to a major crude-oil pipeline in the US, but the key OPEC meeting this Thursday.
Iron Ore Regains Momentum
Added On - 11/27/2017 7:58:12 AM
Rising Chinese steel prices helped bolster iron ore prices with a 4% rise last week in something of a surprise with talk of a slowing in construction activity.
Diary: Trump Taxes, OPEC Meets, Building Approvals
Added On - 11/27/2017 7:58:03 AM
No let up this week with investors confronted by decisions and data on oil prices, interest rates, economic growth, Trumps' tax policy, inflation, as well as business investment and building approvals here in Australia.
ASX Looks For Leads After Flat Week
Added On - 11/27/2017 7:57:25 AM
So will Australian investors take a punt and push the ASX higher later today after trading resumes even though the overnight futures market was sluggish in Friday night's short session down a point fall at the close?
Bond Rout Sparks China Sell-Off
Added On - 11/24/2017 8:06:31 AM
The ASX is heading for a sharp fall when trading resumes this morning after Chinese stockmarkets fell sharply yesterday, suffering their worst day for 17-months.
South32 Costs Head North
Added On - 11/24/2017 8:01:04 AM
Diversified miner South32 has again issued a warning about cost pressures, saying it expects raw material input prices to rise across the industry.
APRA To Put More Pressure On Banks
Added On - 11/24/2017 8:00:58 AM
In a speech in Sydney on Tuesday of this week, APRA head, Wayne Byers revealed why regulators are worried about bank home lending.
Flat Outlook At Primary Health
Added On - 11/24/2017 8:00:47 AM
In contrast to some of 'downgrades' in earnings guidance in recent times Primary Health Care, the pathology and medical centre operator escaped relatively unmarked yesterday after the annual meeting was told earnings this financial year would not be much different to those for 2016-17.
Coca-Cola Amatil Shares Sink To Decade Low
Added On - 11/24/2017 8:00:37 AM
Shares in Coca Cola Amatil fell to a near decade low yesterday after it revealed to an investor day function on Wednesday that 2017 and 2018 will see profits also under pressure from a series of higher costs.
Woolies Shifts From 'Turnaround To Transformation'
Added On - 11/24/2017 7:59:10 AM
Amazon day and the 2016-17 annual meeting of Woolworths shared the same date yesterday and for a retailer claimed to be in the sights of the online giant, the share price was rock steady, edging a few cents higher to $26.20 on the day.
Iron Ore In Sudden Rebound
Added On - 11/23/2017 7:59:42 AM
Australian investors will be greeted by good news this morning as iron ore prices leapt to their second two month high in three days.


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