ENN Sale Sends Santos Shares Southward
Santos shares fell more than 2% yesterday after Chinese group ENN offloaded part of its holding in a $A700 million plus share sale.
Read MoreSantos shares fell more than 2% yesterday after Chinese group ENN offloaded part of its holding in a $A700 million plus share sale.
Read MoreAsian markets finished Monday’s trading session awash in red ink, with Hong Kong’s Hang Seng index down 1.9% and Tokyo’s Nikkei losing 0.42%. But it was China that was hit hardest of all.
Read MoreChina’s major commodity imports held up well in January and February despite some cooling in activity in both manufacturing services.
Read MoreAn upbeat trading update for the six months to March 31 from Brisbane-based global testing group ALS came with news of a small acquisition in Brazil.
Read MoreThe ASX is heading for one of its strongest starts this year off the back of a solid session on Wall Street and better than expected US jobs data for February.
Read MoreChina’s exports jumped 60.6% in January-February from a year earlier and imports were up 22.2%, faster than expected from depressed levels at the start of 2020.
Read MoreThe coming week will see less data and earnings releases, with continued attention on currencies, bond yields/interest rate movements as well as comments from a number of central banks.
Read MoreOil prices jumped sharply for a second day in a row on Friday, hitting their highest levels in more than a year, while gold finished the week under $US1,700 an ounce and at a 9-month low.
Read MoreWarren Buffett has hopped on one of his favourite hobby horses – defending the conglomerate structure of Berkshire Hathaway.
Read MoreA feature of retailing’s performance in the pandemic is how a host of what appeared to be lumbering giants have moved quickly to reposition their offerings onto the online space.
Read MoreChina has restored its annual economic growth target, setting it at above 6% for 2021 and promising to create more jobs in cities than last year, as it emerges from a Covid-hit 2020.
Read MoreA new 15-day lockdown in one of Brazil’s two main iron ore regions sent the price of high-quality ore surging to record highs on Thursday.
Read MoreFinal data for January trade and retail sales confirmed the solid first estimates issued last month, with the trade surplus jumping to its highest ever level.
Read MoreWithout the millions in JobKeeper subsidies and rent waivers from landlords, Myer would have been on the brink of something more damaging than just a loss for the six months to the end of January.
Read MoreSmall business accounting group Xero has announced a $284 million takeover of Denmark-based employment management company Planday.
Read MoreWaste group Cleanaway is reported to be on the verge of a major acquisition – believed to be the Australian operations of French operator, Suez.
Read MoreNine Entertainment Co has appointed Mike Sneesby – head of Stan and a former telecommunications executive – as the new CEO to replace the departing Hugh Marks from April 1.
Read MoreFurther casualties at Rio Tinto from its appalling handling of the 46,000-year-old Juukan Gorge rock shelters that saw the CEO and other senior managers depart last year.
Read MoreDairy prices rose by a massive 15% in the latest Global Dairy Trade auction, driven by demand for whole milk powder and butter before the season comes to an end.
Read MoreAustralia enjoyed stronger than expected economic growth for a second successive quarter in the three months to December, according to the ABS.
Read MoreThe December quarter national accounts are out later today and will likely show growth of around 2.4% to 2.6% quarter on quarter but GDP at the end of 2020 still down around 1.8% over the year.
Read MoreThe heat went out of home building approvals in January as the Federal Government’s Home Builder program was wound back a notch or two.
Read MoreWarren Buffett has again reminded investors – large and small – about the costs of following fashionable investors and styles and not being like him: consistent.
Read MoreTravel group Flight Centre has lengthened what it called in its interim results last week its “liquidity runway” by $90 million to more than $1.2 billion.
Read MoreThe RBA board has again made it clear that it will not be moving interest rates before 2024 at the earliest, despite speculation about the effects of rising house prices and inflation.
Read MoreWith the Australian December half earnings reporting season having wrapped, confirming a sharp rebound in profits and dividends, now the tough stuff starts.
Read MoreWarren Buffett has again explained how share buyback can be used to not only benefit shareholders from the original transaction, but how to use it to leverage off the buybacks of other companies.
Read MoreTroubled Freedom Foods, which is controlled by the megarich Perich family, says it may not be able to survive as a going concern unless it gets more capital.
Read MoreAccording to the RBA’s monthly Commodity Price Index the current resources upswing has now reached levels last seen in 2008.
Read MoreFor the third session in a row the Reserve Bank has bought up billions of dollars of government bonds, choking off a surge in interest rates and sending yields tumbling.
Read MoreThe need for cash of its US parent saw control of Genworth Mortgage Insurance Australia move on Monday to a bunch of major fund managers and institutions.
Read MoreWith bond and currency markets febrile and the stockmarket starting to look a bit untidy, investors will be hoping for some calming words and data from the Reserve Bank.
Read MoreIt’s the usual busy start of the month data drop around the world – this time against a backdrop of roiling markets confused about inflation, and in some cases, investors believing their own fairytales.
Read MoreAs bonds and currencies thrashed around last week commodities were left in disarray and on Friday sharp falls saw the big gains over the month were clipped at the very end.
Read MoreBerkshire Hathaway’s buyback of around 5% of its issued capital this year is a big sign Buffett considers the company a better growth prospect than the rest of the US stockmarket.
Read MoreWall Street ended a mad week confused and directionless, as did Australia, and the coming week is likely to see more of the same.
Read MoreFixed interest investors around the world have been given the gospel from St Warren of Omaha – what they are doing these days isn’t very smart.
Read MoreA lot of followers of Warren Buffett will be a touch disappointed his annual letter to shareholders wasn’t as expansive as usual.
Read MoreAs expected Gerry Harvey’s Harvey Norman earned a motza in the six months to December and he will take a motza in a higher dividend for the half as a result.
Read MoreThe trifecta for explosives and mining services group Orica on Friday-but not a winning one, as investors took to the shares with the long stick in Friday trade.
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