APRA Fines Westpac Over Reporting Failure
The banking regulator, APRA continues to get tougher with banks and other financial groups it supervises. Yesterday it issued what amounts to a very expensive traffic fine for Westpac.
Read MoreThe banking regulator, APRA continues to get tougher with banks and other financial groups it supervises. Yesterday it issued what amounts to a very expensive traffic fine for Westpac.
Read MoreInsurance Australia Group (IAG) shares were marked down yesterday after a somewhat unconvincing year to June.
Read MoreMirvac’s securities enjoyed a very good day out yesterday in the wake of the property and retailing groups solid 2018-19 result.
Read MoreWhile AGL modestly beat expectations for full-year earnings in 2018-19, the outlook for the new financial year failed to enthuse, even though the company warned of the biggest problem – a $100 million-plus cost at a Victorian power station – months ago.
Read MoreThe competition watchdog, the ACCC has raised concerns that Tasmanian dairy farmers could be paid less for their milk under a proposed $280 million deal that would transform the Tasmanian dairy market.
Read MoreGlobal miner, Glencore has backed up a 32% drop in first-half core profit on Wednesday, by closing the world’s biggest cobalt mine in the Democratic Republic of the Congo (DRC) as it battles a collapse in the price of the metal and continuing uneasy relations with the country’s government.
Read MoreThe once-mighty but now very troubled wealth manager AMP has gone on bended knee to the investment community to ask for $650 million to help it remain afloat.
Read MoreA desperate CBA board has been able to keep shareholders happy after a year that was full tumult, board and senior executive change, a restructure, disciplinary action from regulators, not to mention being criticised in the Hayne Royal Commission.
Read MoreShares in Suncorp rose 4.9% yesterday after it announced plans to distribute the $506 million surplus from the Australian Life Insurance business to shareholders, plus a share consolidation.
Read MoreToll road giant Transurban is on the hunt for new assets and will raise up to $700 million from investors to take full ownership of a section of the M5 toll road in Sydney.
Read MoreCBA shareholders will get an unchanged full-year dividend of $4.31 a share despite earnings falling for the year to June 30 under the twin weight of the fallout from the royal commission and weaker lending, especially in housing.
Read MoreThe Federal Court has approved Japanese paint giant Nippon’s takeover bid for DuluxGroup while the Brookfield offer for aged home operator Aveo struggles towards fruition.
Read MoreAs expected the Reserve Bank left its key cash rate on hold at 1% at the August monetary policy meeting yesterday but that doesn’t mean further rate cuts are out of the question.
Read MoreThe RBA statement and their at times dovish tone saw the yield on the 10-year bond yield dip to another all-time low of 1.04%.
Read MoreAustralia’s trade performance hit record levels in 2018-19, none more so than the surplus which hit an all-time high of record $50 billion.
Read MoreThe ASX 200 index slumped 2.44% on Tuesday, in the largest one-day decline since October last year and taking the fall since Monday to 4.3% after the 1.9% slide on that day.
Read MoreThe competition regulator has greenlit Wesfarmers’ acquisition of online retailer Catch Group for $230 million as the company attempts to improve its online performance in the face of growing competition from the likes of Amazon.
Read MoreThe Aussie share market is heading for a second 100 point or near 2% slump on Tuesday after Wall Street endured its biggest one day fall of the year on Monday.
Read MoreDonald Trump’s escalation of his trade war with China late last week took its toll on the ASX yesterday.
Read MoreMincor Resources has wrapped up a new long term agreement with mining giant BHP to supply nickel concentrate in WA.
Read MoreIt’s going to be a nervous day’s trading in Australia and Asia today after the rumbles from Donald Trump’s escalation of his trade war with China whacked global markets on Friday.
Read MoreThanks to Donald Trump’s renewal of his trade war with China Wall Street had its worst week since last December.
Read MoreWarren Buffett’s Berkshire Hathaway Inc has revealed a lower than expected June quarter profit thanks to the combination of weakness in insurance underwriting, a slowing economy and the fallout from Donald Trump’s trade wars.
Read MoreStandby for another round of selling in the big three iron ore companies in the wake of a slump in global prices after Donald Trump’s move to step up his trade war with China.
Read MoreDonald Trump helped oil and gold jump on Friday with his latest inflammatory move in his trade war with China.
Read MoreThe Australian June financial year earnings season gets underway this week with 13 major companies reporting.
Read MoreMedia companies will dominate this week’s June quarter results season in the US which is now 77% complete (in terms of the S&P 500 companies.
Read MoreWhile gold rose and iron ore and oil fell last week (see separate stories), the surprise in commodity markets was a sharp fall in copper prices (with zinc not far behind) in the wake of Donald Trump’s latest escalation of his trade war with China.
Read MoreMore central banks meet this week, led by the Reserve Banks of Australia, New Zealand, and India, corporate earnings here and in the US roll on while the usual monthly Chinese economic data is due later in the week.
Read MoreThanks to the surge in iron ore prices, Australia’s export performance is booming and the July commodity price index from the Reserve bank is now at an 8-year high.
Read MoreGold had a mostly positive and buoyant six months to June – both on the demand and supply side where a 6% rise in supply was easily absorbed by the market as prices hit multi-year highs, especially in June – which has continued into the current December half-year.
Read MoreThe January 25 Brumadinho mine dam wall disaster which left nearly 300 people dead or missing continues to take a heavy toll on the financial strength of Vale, the Brazilian iron ore, nickel, and copper miner.
Read MoreSumitomo, Nufarm’s biggest shareholder, has bailed out the Australian ag chemicals maker with a near $100 million capital injection.
Read MoreGlobal mining heavyweight Rio Tinto will shower shareholders with $US3.5 billion ($A5.01 billion) in cash after surge in first half earnings thanks to the higher iron ore price.
Read More“Uncertainties” stemming from weakness in the global economy and simmering trade tensions have seen the US Federal Reserve cut its main interest rate by 0.25% for the first time since the GFC.
Read MoreAccording to a report released yesterday, the corporate regulator, ASIC reckons integrity is getting better and insider dealing was not as noticeable last year as in a couple of previous years.
Read MoreNothing in the inflation data for the three months to June that would cause the Reserve Bank to change its approach to monetary policy.
Read MoreShares in cement manufacturer Adelaide Brighton took another hammering yesterday after it again cut its earnings forecast for 2019 and scrapped its interim dividend.
Read MoreApple has joined Microsoft, Alphabet, and Facebook among the mega techs in doing better in the three months to June than the market had been expecting.
Read MoreAt last a new all-time high for the ASX 200 and yet another new high for the All Ords.
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