Record $72bn Oz Trade Surplus for 2020
Australia recorded its highest ever yearly trade surplus in calendar 2020 of more than $72 billion, according to data from the Australian Bureau of Statistics.
Read MoreAustralia recorded its highest ever yearly trade surplus in calendar 2020 of more than $72 billion, according to data from the Australian Bureau of Statistics.
Read MoreAnother boom month in what turned out to be a boom year for housing construction and finance. After COVID, who woulda thunk that?
Read MoreShares in Amcor jumped sharply on Wednesday after the company revealed a solid boost to earnings and revenue from the long takeover of American packager Bemis.
Read MoreFears about the rapid rise in buy now pay later schemes being offered by companies such as Afterpay have led the UK’s Financial Conduct Authority to take steps aimed at reining them in.
Read MoreContrary to historical trends, Iron ore prices are down sharply in February ahead of the Lunar New Year Festival starting February 11.
Read MoreRBA Governor Philip Lowe sees the current record low level of interest rates of 0.10% and other support remaining in place until 2024 at least and possibly 2025.
Read MoreAmazon’s founder and CEO Jeff Bezos has announced his intention to hand over the reins of the e-commerce giant in the northern summer and move to the role of executive chairman.
Read MoreShares in debt collection and lending company Credit Corp rose strongly yesterday after the company did better than expected in the December half and revised its guidance upwards for the second time in three months.
Read MoreA global oversupply of salmon might be good news for consumers, but it’s bad news for investors on farmed seafood companies, especially salmon producers like Huon Aquaculture.
Read MoreThe RBA kept official interest rates and the key bank lending support measure unchanged at its first meeting of the year, but surprised with news that it will boost its quantitative easing by another $100 billion in April.
Read MoreShares in Tabcorp jumped to an 11-month high of $4.58 yesterday as the company confirmed that multiple parties have shown interest in its underperforming wagering business.
Read MoreTemple and Webster reported a sixfold increase in profit for the December half thanks to the COVID-driven jump in online buying. But is this as good as it gets for the online furniture and homewares retailer?
Read MoreSilver prices surged to an eight-year high on Monday, shares in listed silver-mining companies jumped and bullion dealers were left scrambling as the Reddit army of small-time investors piled in to the metal.
Read MoreAlmost a year to the day after first announcing it, Link Administration has called off the 165-million-euro ($A262 million) deal to acquire Pepper’s European financial services business.
Read MoreAustralia is in the midst of the biggest commodities price boom since 2011. And as was the case a decade ago, it is iron ore leading the charge, along with copper, wheat and, lately, LNG.
Read MoreEnergy services group Worley has emerged as a major victim of COVID after a trading update Monday for the first six months of 2020-21 revealed a big slump in revenue and earnings.
Read MoreNews Monday that confirmed housing is booming with house prices starting 2021 on the up and housing finance ending 2020 very much on the up is unlikely to change thinking at the RBA for today’s first policy meeting of the year.
Read MoreThe proposed $9 billion / $12.75 a share takeover of Coca Cola Amatil (CCL) by stablemate, Coca Cola European Partners is dead in the water at current prices.
Read MoreWhile the two remaining megatechs in Amazon and Alphabet (Google) report this week, their December quarter figures are likely to be overshadowed as the short sellers v small online punters arm-wrestle plays out.
Read MoreThe ASX 200 is heading for a drop this morning after futures trading saw a 34 point drop on Friday in the wake of the volatility on Wall Street.
Read MoreWhile most other major commodities were stronger, copper prices hit their lowest point of the month on Friday amid a global sell-off in equities and a firmer US dollar.
Read MoreLocal markets will be watching the Reserve Bank closely this week for an update on how the country’s main economic policymakers view the coming year.
Read MoreThe US shares the spotlight with China in the week ahead, with both countries reporting data that will likely set the scene in markets for the next few months.
Read MoreWall Street slid 2% on Friday for the second slump in three days as investors worried about the efficacy data of a new COVID vaccine from Johnson & Johnson and the continuing market battle between a fleet of small investors and hedge funds who short shares.
Read MoreIt’s clear now that gold staged something of a miracle in 2020 – hitting a new all-time high in August while demand slid to an 11-year low. Can it pull this off again in 2021?
Read MoreThe damage done by the pandemic to the travel and tourism sectors was underlined on Thursday as two of America’s biggest airline companies posted their biggest-ever annual losses and indicated a need for further financial aid.
Read MoreIt was a case of sell-off? what sell-off? on Thursday for US investors and Friday is shaping up as a continuation of the rebound here in Australia with one proviso.
Read MoreIron ore prices were crunched on Thursday with prices down more than 4% in what has been a slow fade from the multi-year highs earlier this month.
Read MoreThe US economy slowed noticeably in the final quarter of 2020 thanks to the deadly surge of COVID cases over the holiday season and the exhaustion of the $US3 trillion in stimulus spending released earlier in the year.
Read MoreFortescue Metals announced it is expecting a record first-half profit of between $US4 billion and $US4.1 billion when it releases results on February 18.
Read MoreNewcrest Mining shares dipped 2.8% on Thursday in the day’s market wide sell-off and lower gold prices as investors ignored what was good news from the country’s top gold miner.
Read MoreThe ASX 200 staged a steadying bounce in late trading Thursday to soften what was a savage day for investors, but still fell by 1.9% to record its worst single-day performance since September.
Read MoreAs strong as they were, the quarterly results from tech giants, Tesla, facebook and Apple will not be enough to reverse the growing instability on Wall Street.
Read MoreBoth Boeing and communications giant AT&T revealed surprise clean-up moves for their strained balance sheets on Wednesday.
Read MoreAs the Federal Reserve met for the first time in the Biden presidency, concerns about COVID and speculative trading led to Wall St having its worst day since last October.
Read MoreNo concerns about rising inflation from the December Consumer Price Index data released yesterday, with the headline CPI rising 0.9% in the December 2020 quarter and by the same amount for the 2020 calendar year.
Read MoreThe optimistic outlook for the Australian economy this year from the International Monetary Fund has been supported by the first business conditions and confidence survey for the year from the National Australia Bank.
Read MoreShares in Australian-based global plumbing supplies giant Reliance Worldwide Corp (RWC) jumped more than 6.5 percent after the company surprised with a better than expected trading update for the six months to December.
Read MoreThe board of personal hygiene products company Asaleo Care has rejected the $684 million takeover proposal from its largest shareholder, arguing the bid materially undervalues the company.
Read MoreThanks to China’s rebound, world steel ended up not too badly in 2020 with a small drop of just 0.9% to 1.864 billion tonnes.
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