Gold Gains For Third Straight Week
Gold settled higher Friday, overcoming strength in the US dollar as investors sought the safety of bonds as they reacted to fresh fears about global and US growth.
Read MoreGold settled higher Friday, overcoming strength in the US dollar as investors sought the safety of bonds as they reacted to fresh fears about global and US growth.
Read MoreTropical Cyclone Veronica, a Category 4 storm, is heading for the Western Australian iron ore export ports in the Pilbara, especially Port Headland, and the LNG export gas hub at Karratha.
Read MoreNavitas directors yesterday accepted a higher $2.3 billion takeover bid from local private equity group BGH Consortium.
Read MoreShares in Sigma Healthcare resisted early selling pressure yesterday after the pharmaceutical and health group revealed slightly better than expected results for the 2018-19 financial year.
Read MoreA strong surge in the contribution from its property business allowed Brickworks Ltd, part of the Washington H Soul Pattinson Group of companies to report a solid improvement in interim net profit for the six months to January 31.
Read MoreThe unemployment rate in February fell to another eight-year low of 4.9% yesterday, seasonally adjusted (and an unchanged 5% on the more accurate trend basis) according to the latest Labour Force report from the Australian Bureau of Statistics.
Read MoreInvestors reckon Eclipx Group, fleet management, and online auctions group, is a looming basket case and may not survive judging by the 56% plunge in the shares yesterday afternoon.
Read MoreA slower economy will see the US Federal Reserve sit on interest rates this year and start slowing the reduction of its huge balance sheet in May.
Read MoreShares in crop protection group Nufarm slumped sharply yesterday after the company revealed a loss for the half-year thanks to the intensifying drought. The company also suspended its dividend while a jury decision in a court case in San Francisco sets up another possible legal blow to the key chemical in its main product.
Read MoreFonterra, New Zealand’s largest company, returned to profit in the six months to January, earning $NZ80 million for the six months to January 31, and revealing more asset sale plans.
Read MoreNot before time: embattled wealth manager, AMP has scrapped short-term cash bonuses and cut directors’ fees for a second time in less than a year in an effort to avoid a second shareholder strike on remuneration and possible board spill at the annual meeting in May.
Read MoreBig global fund managers remain bearish nearly three months into 2019 despite the rebound in shares since the start of the year that has seen major markets up 10% to more than 20% (in the case of China).
Read MoreThe Reserve Bank is now closer to a rate cut at any time since the last round in mid-2016 – the last was August of that year to the current cash rate of 1.5%.
Read MoreWiseTech is looking to add $50 million to the $250 million it is seeking from investors in a placement announced to the market on Tuesday.
Read MoreShares in southern Queensland construction and transport company Wagners plunged more than 20% yesterday after informing the market last night about a dispute with Boral that could cost the company about $20 million.
Read MoreExpect even more pressure on global iron ore supplies and prices after Vale was forced to shut two more iron ore mines in southern Brazil.
Read MoreAs forecast earlier this year, a big write-down of its now abandoned mobile network whacked the interim profit of TPG Telecom.
Read MoreDespite claiming the most profitable six months in its history and a one-third lift in interim dividend, investors yesterday sold off shares in coal miner New Hope Corp.
Read MoreWestpac investors yawned yesterday at the news the bank was quitting the financial advice sector while overhauling its management structure that will two of its most senior executives leaving the bank.
Read MoreIs there a hint of future financial losses and write-downs for Australia’s building products suppliers in the trading update issued yesterday by New Zealand based glass supplier, Metro Performance Glass?
Read MorePilbara Minerals shares didn’t change yesterday after it edged closer to a deeper involvement in the lithium processing business.
Read MoreThe German Government is pushing the country’s two biggest banks Deutsche (DB) and Commerzbank – into a merger that could very well be described as a disguised bailout.
Read MoreA mixed performance for local shares last week which saw the key ASX 200 index lose 28.6 points or 0.5% to end at 6,175.2. The All Ords lost 22 points or 0.3% to end at 6,265.1.
Read MoreLast week saw a surprisingly upbeat performance by major markets (though not Australia which fell 0.5%). Wall Street ended at three-month highs and Europe shares closed the week with a 2.9% gain.
Read MoreThe US Fed is expected to hold interest rates steady at its two-day meeting this week, but market attention will be on new forecasts from the central bank, especially to so-called dot plot.
Read MoreThere will be a number of key local earnings results this week from a small group of companies.
Read MoreAnd another solid week for crude oil with both West Texas Intermediate (WTI) and Brent ending higher while gold also appeared to get a boost from renewed optimism over prospects for a US-China trade deal.
Read MoreWhile the Fed’s meeting will hold most attention, for Australia it will be the jobs report for last month on Thursday that investors, economists and the Reserve Bank will be looking at.
Read MoreWhile the CBA has reiterated that it is still committed to “ultimately” exiting its wealth management and mortgage broking businesses, that exit now appears quite a while off, years in fact.
Read MoreShares in Retail Food Group (RFG), the stricken listed franchising group lost more value yesterday after it emerged as the prime target in the final report of a lengthy Federal parliamentary inquiry into franchising.
Read MoreAnyone hoping for a clear guide as to the health of the Chinese economy from yesterday’s key data drop for January and February would have found just more confusion.
Read MoreShares in New Zealand-based outdoor clothing and equipment retailer Kathmandu fell more than 2% yesterday after revealed it was “urgently investigating” a suspected customer data breach of its trading websites.
Read MoreAmcor has moved closer to finalising its drawn-out takeover of US packing giant, Bemis with the release of shareholder documentation on the takeover, including board and management appointments.
Read MoreNewcrest Mining has signalled a commitment to its low-grade Telfer gold mine in the East Pilbara by striking a $90 million exploration farm-in agreement with Greatland Gold in the highly prospective Paterson province.
Read MoreSigma Healthcare (SIG) shares slumped 15% at one stage yesterday after rejected a half-hearted takeover offer from rival Australian Pharmaceutical Industries (API).
Read MoreJanuary lending data yesterday from the Australian Bureau of Statistics confirmed Reserve Bank figures at the end of February – demand and deals with investors have dried up, lending to owner-occupiers is slowing but loans to business are rising.
Read MoreAnother fall in business conditions and in confidence last month, according to the National Australia Bank’s business survey – with the weakening pushing the readings below long term average levels for the first time in months.
Read MoreNational Australia Bank’s incoming chair Phil Chronican has vowed the bank will step up the pace of compensating customers, as he reiterated the need to revamp executive pay after last year’s investor backlash.
Read MoreThe great $US18 billion Barrick bid for Newmont is over as fast as it emerged last week after the two companies agreed to do a deal on their gold mining and processing assets in the US state of Nevada.
Read MoreThere’s a bullish outlook for oil even though there are a growing number of potential factors that could undermine demand in coming years.
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