Decision Time for Stokes with Boral
Did Kerry Stokes’ Seven Group Holdings really want to get more than 50.01% of the issued capital of Boral and take on all the problems of a majority-owned subsidiary?
Read MoreDid Kerry Stokes’ Seven Group Holdings really want to get more than 50.01% of the issued capital of Boral and take on all the problems of a majority-owned subsidiary?
Read More2020-21 turned out to be a very good year for Sandfire Resources, thanks to the late surge in copper prices to record highs and solid production from its DeGrussa mine in WA.
Read MoreDid reality catch up with Australia’s buy-now-pay-later sector yesterday with the news that Apple is about to enter the sector just as PayPal has kicked off its local assault?
Read MoreLIC Mirrabooka Investments remains cashed up and ready to exploit what it says will be times when stocks “temporarily’ fall out of favour with investors in the coming year.
Read MoreNot even strong quarterly results from two major banks – JPMorgan and Goldman Sachs – could keep Wall Street aloft at the end of what turned out to be a rough session.
Read MoreMarkets will be wanting to know if the Fed and its Chairman Jay Powell still see inflationary pressures as transitory after US CPI jumped more than anticipated in June.
Read MoreIn an action that will resonate in Australia, the US government is about to upgrade warnings to American companies of the growing risks of doing business in Hong Kong.
Read MoreThe economic data coming out of China continues to be almost impossible to get a bead on as imports and exports were stronger than forecast in June and the country reported another huge surplus.
Read MoreShares in mapping tech Nearmap surged nearly 15% in trading on Tuesday after the company surprised with an upgraded outlook, more than wiping out its loss for the year.
Read MoreNAB economists are confident business conditions will be able to ride out the current surge in delta Covid variants but remain on the lookout for any signs of damage to the economy.
Read MoreFloated at $1.50 a share last December, buried at 93 cents in an agreed bid on Tuesday – the 8 months of life for Youfoodz Holdings has been one long (short) slide.
Read MoreThe impact was anticipated, but still the 9-point fall in business confidence in June because of the advent of Covid delta variant infections was a big warning of worse to come.
Read MoreEquity markets across Asia rose on Monday as the surprise easing in monetary policy by the Chinese government late Friday boosted risk appetite among investors in the region.
Read MoreWesfarmers’ surprise $687 million, $1.38 per share bid for Australian Pharmaceutical Industries (API) could very well re-ignite a brawl over the big retailers getting into the business.
Read MoreSunday’s strongly-worded statement opposing the addition of 23 Chinese entities to a US economic blacklist once again shows the government’s two-faced attitude toward foreign investment.
Read MoreAhead of a week dominated by reporting from the country’s six biggest banks and a handful of others, some analysts are wondering if this is as good as it’s going to get for a while.
Read MoreThe executive order signed on Friday by US President Joe Biden is the first to encourage federal agencies to crack down on anti-competitive practices in a wide range of industries.
Read MoreA second day of the relief rally for oil as the impasse in the OPEC+ group between Saudi Arabia and the UAE remained unresolved, while other major commodities were mixed.
Read MorePlenty on this week to grab the attention of markets and investors, with the Covid Delta variant, US CPI, key Chinese economic data, Australian job figures and lots more in focus.
Read MoreThe Chinese government has blinked and moved to try and help the slowing economy after a year of boasting how well the country was recovering from the pandemic.
Read MoreGlobal sharemarkets shook off Thursday’s blues as bond yields rebounded Friday and that should be repeated in Australia today with the ASX 200 looking at a solid 1% plus gain.
Read MoreFord, GM (and Chrysler) are on the road to a new, green future, and doing so in the manner of future tech – with batteries, EVs and all sorts of other shiny objects that make money.
Read MoreThe recent flattening of the Treasury yield curve, usually a sign of slowing growth, is at odds with what is happening in most major economies where economic metrics remain strong.
Read MoreTougher lockdowns in cities from Sydney to Seoul due to the Delta variant spreading, along with further signs of a slowdown in the Chinese economy, ravaged Asian markets on Friday.
Read MoreA year on from the depths of the pandemic, oil refinery and service station operator Viva Energy has produced an upgrade amidst the current round of lockdowns.
Read MoreFinancial markets head into the final day’s trading for the week (and into the start of the US second quarter reporting season next week) in a state of growing confusion.
Read MoreRBA Governor Philip Lowe has singled out Australia’s high levels of immigration as playing a part in keeping a lid on wage rises – an observation that won’t go unnoticed.
Read MoreAgricultural investment trust Rural Funds Group yesterday revealed plans to raise $100 million to expand into macadamia orchards, cattle farms and water entitlements.
Read MoreAMP continues to slim itself, announcing the sale of AMP Capital’s global equities and fixed income (GEFI) business to Macquarie Asset Management in a deal worth $185 million.
Read MoreA buoyant quarterly update from Megaport halted the company’s recent share slide yesterday, as news of record growth seems to have turned investor sentiment in their favour.
Read MoreThe Chinese government’s sales of copper from its strategic reserve this week as part of its hectoring of commodity markets and traders seems to have had little impact on prices.
Read MoreUS bond yields and oil prices again stood out on Wednesday with big losses that raised more questions than they answered.
Read MoreTraders missed what turned out to be a fabulous March quarter for Apple when it was released in April, now they are back and on Wednesday pushed the shares to a new closing high of $US144.57.
Read MoreKerry Stokes’ Seven Group Holdings has lifted its stake in Boral to 35%, giving it control and bringing to an end its battle with the Boral board and management.
Read MoreShares in respirator firm CleanSpace Holdings slumped 28% at one stage on Wednesday after surprising with a weak trading update, before recovering to close down 10.3% at $1.70.
Read MoreA trading update from Lark Distilling (formerly Australian Whisky Holdings) has revealed the value of its 1.1 million litres of maturing whisky surged 140% to $236 million.
Read MoreApollo Management and its offshoot Athene Life Re have raided annuity group Challenger Financial Group, grabbing an 18% shareholding – but don’t seem to have any plans for a full bid.
Read MoreIs the slide in US bond yields due to Chinese governmental interference, a signal of fears about economic growth, or a reaction to another surge in Covid infections around the world?
Read MoreTraders finally realised that while the collapse in the latest oil production cap discussions could mean oil as high as $US100 a barrel, it could also see output surge and prices slump.
Read MoreWestpac has raised just on $1.1 billion from the sale of its Australian and NZ general insurance businesses as the big four bank continues a financial slimming campaign.
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