JP Morgan Chief Joins Chorus of Talker-Upperers
The US is booming, or getting close to one. The IMF says so, the Fed thinks so and now Jamie Dimon, CEO of JPMorgan Chase and America’s senior banker agrees.
Read MoreThe US is booming, or getting close to one. The IMF says so, the Fed thinks so and now Jamie Dimon, CEO of JPMorgan Chase and America’s senior banker agrees.
Read MoreYesterday News Corp revealed a surprise $US750 million) debt raising that will mature in 2030 – when boss Rupert Murdoch will be 99 years of age.
Read MoreYesterday’s AGM provided a timely reminder for Scentre Group that executive pay can be a hot-button issue for shareholders, especially some big advisors and holders.
Read MoreMcPherson’s has formally told shareholders to reject a $172 million takeover offer from Gallin, an entity owned by Melbourne rich lister and Pact Group founder Raphael Geminder.
Read MoreEmbattled Swiss bank Credit Suisse took two separate actions on Tuesday – both of which will end up seeing the bank lose billions of dollars.
Read MoreAccording to the IMF, the global economy will be powering out of 2020 thanks to the rapid rise in vaccinations in the US and the near $US2 trillion Biden stimulus program.
Read MoreCleanaway’s plans to buy the local assets of French waste giant Suez for $2.5 billion got messy within hours of the deal being confirmed to the ASX after a month of negotiations.
Read MoreBrazilian base metals group Vale has just revealed a $US5 billion share buyback over the next 12 months at a time when production and exports of iron ore, copper and nickel are rebounding solidly.
Read MoreCleanaway has finally agreed to buy the Australian recycling assets of French group Suez for $2.52 billion – an offer that will entangle them in a bitter takeover battle for Suez’s French parent.
Read MoreExports of iron ore from Brazil are surging as the crackdown on pollution in steelmaking cities forces Chinese steel mills to buy higher grade Brazilian product.
Read MoreThe chances of Blackstone grabbing control of Crown Resorts has increased after James Packer gave the strongest signal yet that he is contemplating an exit from the company his father created.
Read MoreTravel and airline stocks rallied on Tuesday after New Zealand Prime Minister Jacinda Ardern’s announcement that Australians will be free to enter NZ from April 18 without quarantining.
Read MoreAs expected the Reserve Bank has left the official cash rate unchanged at 0.1% and again emphasised that it is prepared to wait until it sees stronger wages and inflation.
Read MoreMore problems in a key US plant for agri-chemical producer Incitec Pivot and a bigger hit to earnings as a result saw the company’s shares fall 8% in Tuesday trade.
Read MoreStrong jobs figures for March did the trick for Wall Street on Monday as the Dow and S&P 500 closed at record levels on a surge in investor interest in key stocks
Read MoreThe US economy is booming and will get boomier as vaccinations build, confidence grows and the Biden stimulus really kicks in from this month and through June.
Read MoreGlobal iron ore and Chinese steel prices are set for a shaking over the next month as the government kicks off a surprise inspection of steelmaking facilities that will check companies’ adherence to pollution control measures agreed to as far ago as 2015.
Read MoreThe Chinese government is the source for most of the problems and weaknesses in the country’s stockmarket, which is among the worst performers globally at the moment.
Read MoreDespite the easing of the OPEC+ group’s production cap late last week, global oil markets will continue to be all over the place this month as they react to a raft of factors.
Read MoreThe RBA’s April meeting today dominates events this week with more evidence of a strengthening economy offset by the unknown of what the ending of JobKeeper will do to unemployment.
Read MoreSouth Korea’s LG Electronics has stunned the global business community by deciding to exit the mobile phone business completely by the end of July, making it the first major brand to do so.
Read MoreMacquarie Group has been hit hard by APRA, the key financial regulator which has imposed a massive half a billion extra capital charge and other penalties for two years of breaches.
Read MoreIt took a week but AMP finally confirmed what the market whispers had been saying – ACEO Francesco De Ferrari will retire from the role.
Read MoreA solid month and quarter for Wall Street as it ended March mixed and awaiting the $US2.3 trillion infrastructure plan from President Biden.
Read MoreIron ore lost ground and strength in March and in the first quarter as Chinese steel mills chased higher quality ore from Brazil in preference to their usual target of 62% Fe fines from the Pilbara region of Australia.
Read MoreMarch ended up a big month for the Australian stock exchange – a 1.8% gain for the month and a very tasty 3.1% jump in the quarter. What a difference a year makes!
Read MoreThe cost of the flooding in NSW and southeastern Queensland last month has risen past half a billion dollars as insurance companies receive more claims from policyholders.
Read MoreABS housing data on Wednesday revealed a surprise surge in both private and non-private dwelling approvals, thanks in part to the federal government’s first home buyers’ assistance package.
Read MoreNewcrest Mining has produced more reserves data for its emerging Red Chris gold mining complex in Canada as it prepares a major statement on the future development of the area for release in September.
Read MoreAfter years of gloom and doom, suddenly it’s all sunny in the Garden of Murdoch with the past five days seeing three deals announced worth more than a billion Aussie dollars.
Read MoreAustralia’s big four banks will once again be able to receive actual dividends from their New Zealand subsidiaries after the RBNZ eased dividend restrictions put in place a year ago.
Read MoreActivity in China’s huge factory and services sector grew faster than forecast in March from February when it was slowed by the annual Lunar New Year holiday.
Read MoreGold prices took a big hit Tuesday in the wake of a sudden surge in US bond yields, losing 1.8% as it pushed through the $US1,700 an ounce level to settle at $US1,683.90.
Read MoreCredit Suisse is under growing investor pressure to detail its losses from the forced liquidation of a big US hedge fund that has seen the shares lose more than 16% in value in just two days.
Read MoreCorporate separation is now the name of the game with AGL joining the trend yesterday, announcing plans to split off its unattractive emissions-intensive coal and gas-fired power stations.
Read MoreSantos has given the go-ahead to its $4.7 billion Barossa gas project north of Darwin after its plans were put on hold last year amid the coronavirus-driven market crash.
Read MoreNAB’s $220 million acquisition of neobank 86 400 has been greenlit by the Australian Competition and Consumer Commission without conditions or fears about reduced competition.
Read MoreWith the Suez Canal freed up and shipping returning to normal, oil traders are now watching the next OPEC plus meeting on Thursday evening, Sydney time to see what happens to oil prices.
Read MoreShares in major banks around the world remained under pressure on Monday in the wake of the fallout from the forced sale of $US20 billion in shares on Friday.
Read MoreThe weak sales impacting a2Milk in China were felt in Synlait’s half year results, as the company continues to wrestle with significant uncertainty and volatility in its business.
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