BHP Joins Rio Tinto With Solid Q1 Update
BHP has joined rival Rio Tinto in maintaining full-year production and sales targets after a solid performance in the three months to September 30.
Read MoreBHP has joined rival Rio Tinto in maintaining full-year production and sales targets after a solid performance in the three months to September 30.
Read MoreJust when quite a few analysts and economists were getting hot to trot about how the rise in top-end house prices in the past two months marked some sort of turning point for the sector, a bucket full of cold water was thrown into the mix by the second most powerful executive at the Reserve Bank.
Read MoreAnother OK jobs report for September from the Australian Bureau of Statistics on Thursday showed the labour market continues to withstand the stagnation spreading through cars, retailing, home building and construction.
Read MoreSouth Korea’s central bank has again cut its key interest rate as the domestic economy and exports continue to sag.
Read MoreRio Tinto has maintained its iron ore shipment forecast for the year at between 320 million and 330 million tonnes meaning that it will end the year as the world’s top iron ore producer and exporter.
Read MoreDid we see a glimmer of light for the embattled retailer, The Reject Shop yesterday, or was it just another shuffling of deck chairs?
Read MoreChina’s consumer price inflation got another pork push higher in September, while deflation tightened its grip on the country’s huge manufacturing sector.
Read MoreLatitude simply raises its money at lower rates and pockets the gains, not its customers. It overexposed to the stagnating economy and equally exposed to newer forms of consumer finance. And that was poison for big investors this week.
Read MoreThe listed Australian media sector took a hammering yesterday when the best performed of the handful of companies – radio and regional TV operator, South Cross Austereo warned of a sharp slowdown in revenue in the first months of 2019-20.
Read MoreThe World Steel Association is forecasting a sharp slowdown in Chinese crude steel demand in 2020, but at the same time, its reckons demand from other emerging markets will rise to partially offset the Chinese slide.
Read MoreBrazil’s big iron ore miner and exporter, produced 86, 704 million tonnes in the July-September period, up more-than two-thirds from the second quarter as operations resumed at Brucutu, its largest mine in the southeastern state of Minas Gerais.
Read MoreAs widely tipped Newcrest has approved the $685 million expansion of its huge and very profitable gold mine, the Cadia mine in central-western New South Wales.
Read MoreShares in Nick Scali, plunged sharply yesterday to a four-month low after the company issued a profit warning two weeks before the company’s AGM.
Read MoreWhile China’s imports fell for a fifth month in a row in September, figures for some key commodities told a different story.
Read MoreSeptember was another weak month for China’s trade – exports fell at a faster pace than forecast last month while imports fell for a fifth straight month.
Read MoreAs many analysts and investors predicted, the float of US-controlled Latitude Financial is not going well – so much so that the offer price and the size of the offering have been cut only five days before its planned listing this Friday.
Read MoreEnergy producer Santos has announced its second big acquisition in just over a year with the news that it will acquire ConocoPhillips’ Northern Australia assets for $US1.39 billion ($A2.05 billion).
Read MoreThe ASX 200 is looking a solid gain this morning after Wall Street ended Friday’s session up more than 1% on reports that China and the US had reached some sort of partial deal in their ongoing trade dispute.
Read MoreSo assuming Donald Trump doesn’t blow up the partial trade deal with China with one of his ill-advised tweets or comments, what will Wall Street do?
Read MoreA last throw by embattled Retail Food Group (RFG) – it wants to raise a total of $160 million mostly through a huge expansion in the number of shares on issue that will, in turn, dilute existing shareholders if they do not participate.
Read MoreWhile the US third-quarter earnings season kicks off this week with reports from six of America’s biggest banks, the most important set of figures for the three months to June will come from Netflix.
Read MoreGold futures fell on optimism about a partial agreement in US-China trade talks and talk of progress on Brexit.
Read MoreWhile oil prices climbed Friday to notch up a weekly gain of nearly 4%, the International Energy Agency again cut its demand estimates for 2019 and 2020, news that was ignored by traders for the time being.
Read MoreChina’s economic health will be the major focus for global markets this week, along with the reported partial settlement of the trade dispute with the US.
Read MoreAMP will merge its bank and Australian wealth unit as part of another shake-up of its structure ahead of the deal to spin off its life insurance arm. The market, however, appears unconvinced.
Read MoreBack in August, shares in packaging group Orora fell 17% after revealing weak earnings for 2018-19 and a weak outlook. Yesterday, the company got most of that back when it revealed it had sold a part of its Australian operations to a Japanese company for a gross $1.7 billion, with news that most of the money will go back to shareholders in some sort of capital management.
Read MoreFor a company dependent on the health of the global economy, the current slowdown and Donald Trump-inspired volatility doesn’t seem to have hurt logistics giant, Brambles, all that much judging by its third-quarter update yesterday.
Read MoreTravel groups are finding it hard to get airborne early in the 2019-20 financial year. Webjet got caught by the collapse of UK group, Thomas Cook with $43 million of likely losses, now Flight Centre, the sector’s biggie, yesterday slipped out a forecast of lower first-half earnings and the shares hit turbulence and slumped more than 13%.
Read MoreShares in wealth manager AMP fell to new lows yesterday for the embattled wealth manager. The latest selling came on news that one of Australia’s largest investment houses, the Australian Foundation Investment Company (AFIC), has sold its stake in the company.
Read MoreCleanaway Waste Management has ‘cleaned’ up by agreeing to buy the collapsed Victorian recycling assets of SKM for $66 million.
Read MoreStrong buying by central banks in Europe, Russia, China, and some developing countries has added to the usual safe-haven demand for the yellow metal, but the World Gold Council has again confirmed, the surge has also been helped by gold-backed ETFs.
Read MoreLast week it was the National Australia Bank with a $1.1 billion surprise lift in its remediation costs for customers, yesterday it was Melbourne-based rival, ANZ with another $559 million of its own.
Read MoreAnsell has come down firmly on the side of shareholders by deciding to extend its ear old share buyback after finding no yummy takeovers.
Read MoreLike RBA Governor Dr. Phil Lowe and his discovery of a “gentle turning point” in the past month, the NAB reckons there are hints the widespread sag in the economy has “slowed” thanks to an improvement in employment prospects.
Read MoreSantos shares are on the rise following a better than expected test report from the much anticipated Dorado-3 well being drilled off the Northwest WA coast.
Read MoreAfter a solid lead from Wall Street on Friday night off the back of OK US jobs numbers for September, a good gain was always in prospect yesterday for the ASX with trading volumes expected to be low because of public holidays in NSW, the ACT, Queensland, and South Australia.
Read MoreIn its second and final stability review for 2019, the RBA has warned on a combination of factors that will depress bank earnings, starting with the continuing rise in customer remediation over abuses exposed by the Hayne Royal Commission.
Read MoreThe China-US trade war comes back into focus this week with talks due to resume between both countries.
Read MoreThe financial cost from the months of protests across Hong Kong are starting to have a deeper impact on the region’s finances and wider economy with retail sales falling a record amount in August and billions of dollars of bank deposits fleeing the region.
Read MoreShares in the rural group, Webster Limited jumped more than 52% after it revealed an $854 million approach from a Canadian buyer that already looks in the bag.
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