Another Record for Oz Trade Surplus
Thanks to record prices and demand for iron ore – especially from China – Australia’s goods trade surplus hit a new peak of $13.3 billion, the second successive month that it has topped $13 billion.
Read MoreThanks to record prices and demand for iron ore – especially from China – Australia’s goods trade surplus hit a new peak of $13.3 billion, the second successive month that it has topped $13 billion.
Read MoreIn its June quarter report yesterday, Santos announced sales revenue hit a record $US1.1 billion, taking it to a record-breaking $US2.04 billion over the six months to June 30.
Read MoreShares in Lynas jumped more than 9% yesterday after revealing it had won an Australian government grant to commercialise an industry-first rare earth refining process at its planned WA plant.
Read MoreDays after confirming its $1 billion Cowal expansion, Evolution has revealed a $400 million transaction to turn its Mungari mine into a ‘cornerstone’ asset in a deal with rival Northern Star Resources.
Read MoreAustralia’s biggest gold miner Newcrest Mining had a good 2020-21 as its gold and copper production reached guidance targets in the year to June, with Telfer and Cadia leading the way.
Read MoreZip Co had a very good June quarter judging by the latest figures from the company on Thursday, as revenue doubled in the quarter compared with last year led by a further surge in its US business.
Read MoreBHP wouldn’t comment on the claims made by Bloomberg on Wednesday morning that they were reviewing their petroleum business and considering options including a trade sale.
Read MoreAnother asset sale by Lendlease, as the company yesterday revealed it was offloading its services unit to Service Stream for $295 million in cash and $15 million in debt.
Read MoreFalling retail sales and the new lockdowns across NSW, Victoria and South Australia have seen economists downgrade their forecasts for September economic growth to negative readings.
Read MoreSpanish-controlled contractor CIMIC has reinstated its interim dividend despite a dip in earnings for the six months to June, declaring it will pay a partially-franked 42 cents a share.
Read MoreSouth32 has revealed plans to write-down nearly $A1 billion worth of value from its Illawarra hard coking coal export business in its 2020-21 annual results next month.
Read MoreRamsay Healthcare’s big plunge into the UK private hospital sector has ended after shareholders in its target, Spire Healthcare rejected the deal.
Read MoreWhile solid enough, Netflix’s result won’t provide the confidence-boosting surge in momentum Wall Street has been looking for after earnings from the big banks fell flat last week.
Read MoreThe current spate of lockdowns will make 2020-21 annual reports look out-of-date if the update and comments from electronics and homegoods retailer JB Hi-Fi yesterday is any guide.
Read MoreWhile BHP shipped a record amount of iron ore from its Pilbara mines in the year to June, the performance of its coking coal, copper, oil and gas and nickel businesses also stood out.
Read MoreAccording to the official body responsible for such declarations, America’s Covid recession lasted just two months from February to April 2020, making it the shortest on record.
Read MoreAfter Oil Search admitted on Tuesday morning it had recently rejected a takeover approach, Santos issued a statement revealing its proposed $4.25 per share offer.
Read MoreShares in ANZ Bank were the only ones to rise in today’s lite sell-off, which shouldn’t surprise given it is the only one so far wanting to give money back to shareholders.
Read MoreWorld markets sold off heavily on Monday as the number of Delta variant infections swelled to worrying levels in the US, Australia, UK, Japan, and other parts of Asia and Africa.
Read MoreThe ANZ Bank has surprised the market by revealing a $1.5 billion buyback on Monday night, declaring it would not affect the bank’s ability to support pandemic-affected customers.
Read MoreIron ore exports to China through Port Hedland, the world’s biggest port, fell more than 6% in the six months to June thanks to a sharp slide in final three months of the half.
Read MoreFour Australian techs had varying experiences in yesterday’s ASX trading session, with releases from hummgroup, Empired, Altium and Data #3 receiving the gamut of responses from traders.
Read MoreMelbourne-based Listed Investment Company Djerriwarrh Investments lifted its final dividend to soften the impact of a lower interim dragging down its full year payout to shareholders.
Read MoreAPRA has moved quickly to support banks who defer or offer support to customers who are in difficulties in the Sydney and Victorian Delta variant lockdowns.
Read MoreTelstra has confirmed that it is in talks with the Federal government on a joint bid for some key telco assets in the South Pacific that could frustrate China’s efforts to snatch the mobile phone assets of Digicell.
Read MoreAfter more than two weeks of haggling, OPEC+ ministers have done a deal on a new global production cap that will steady the slide in world prices last week.
Read MoreOPEC+ ministers were due to meet overnight Sunday (Sydney time) to try and break the deadlock on a new output policy between Saudi Arabia and their smaller Gulf rivals the United Arab Emirates.
Read MoreOnce again, ASX traders were left out on a limb as the futures market slumped sharply off the back of a negative day on Wall Street, setting the tone for a tough week ahead.
Read MoreAustralia’s Delta Covid-driven lockdowns in Sydney and Victoria will dominate local markets this week, as will the rising infection numbers in Tokyo and elsewhere.
Read MoreNetflix reports its June quarter earnings on Tuesday and analysts are wondering if the streaming giant can turn around the market’s glum sentiment about the June earnings season.
Read MoreSome good news, a bit of bad, and spending hundreds of millions of dollars didn’t win the minds of investors for Evolution Mining, with the company’s shares losing 5% on Friday.
Read MoreIt is always instructive to watch what a company’s board and management keeps when it decides to spin off assets. So what are we to glean from Chalice Mining’s decision to do just that?
Read MoreRio Tinto’s June quarter was a forgettable one to say the very least, with climactic and operational challenges causing them no end of problems and jeopardising hopes of profit growth for the full year.
Read MoreFederal Reserve chair Jay Powell made his second appearance before the US Congress on Thursday but it was one of his predecessors who had a bigger impact late in the day.
Read MoreWith steel production encroaching upon the government’s output limit but a weakening economy that needs all the help it can get, Beijing faces some tough choices over the second half of 2021.
Read MoreWoodside Petroleum is looking at a solid rebound in first half earnings from 2020’s very weak level after higher prices of LNG boosted revenue nearly 30% in the June half.
Read MoreIt looks like we’ve seen the best of the jobs data for a while as the growing spread of the Delta variant of Covid leads to widespread lockdowns around the country.
Read MoreOne down, another to go tonight in the campaign by Federal Reserve chair, Jay Powell to assure Congress and markets that the current spurt in inflation won’t be long-term.
Read MoreGood bank quarterly profits in the US are not resulting in surging share prices, an indication of growing scepticism among investors about the strength of a key sector of the US economy.
Read MoreThumbs up from the currency markets yesterday to the news that the Reserve Bank of New Zealand plans to end its $NZ100 billion quantitative easing program next week.
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