China Set To For New Economic Stimulus In 2019
You can depend on some dramatic changes to Chinese economic policy in the not too distant future.
Read MoreYou can depend on some dramatic changes to Chinese economic policy in the not too distant future.
Read MoreFive trading days to go and 2018 will wrap up and investors on Wall Street are looking around and wondering where did the loot go?
Read MoreGlobal oil futures dropped on Thursday with benchmark prices slumping to their lowest settlements in 17 months after the Federal Reserve hiked US interest rates and Donald Trump sent the US to the edge of a partial government shutdown.
Read MoreNovember’s unemployment data showed all the hallmarks of an end of year set of data – a fall in full-time work as companies adjust their workforces towards the end of the year (such as TV) and a big jump in part-time work as retailers and suppliers and distributors for the great Christmas – New year sales rush boost employment.
Read MoreNow for the AMP next May after three of the four big banks took hits from upset shareholders at annual meetings in November and December.
Read MoreBega Cheese shares fell under $5 on Wednesday for the first time in two years after the drought brought its expansion up short.
Read MoreThe US Federal Reserve has defied President Donald Trump and lifted its key interest rate for a 4th time this year – but suggested strongly that it might cut the number of increases next year to just two.
Read MoreThe monthly survey from Bank America Merrill Lynch shows a deep bearishness now grips big global investors who have headed for safe havens like bonds.
Read MoreAnother late Friday selloff has left the ASX looking at a 30 point plus fall at the start of trading later today.
Read MoreThe big banks were a deadweight for the ASX last week and that won’t change this week with NAB and the ANZ holding what will turn out to be contentious annual meetings on Wednesday.
Read MoreA 2019-20 budget will be outlined later today with the pre-election Mid-Year Economic and Fiscal Outlook (Myefo) from the Morrison government and a set of big spending policies to chew up a surplus and around billions in extra revenues.
Read MoreWatch for an interest rate cut or another relaxation in the reserve asset ratio for Chinese banks in the next few days after November’s production and sales report showed a weakening economy that looks like it is approaching stall speed.
Read MoreChina’s crude steel output slumped to a seven month low in November thanks to falling profit-margins at mills and winter pollution controls on emissions in the major northern steel-producing cities and regions.
Read MoreAustralian Pharmaceutical Industries (API) has made a fresh push for a merger with the struggling Sigma Healthcare (SIP), revealing it had made a $700 million offer to Sigma’s board in October.
Read MoreAustralia’s big four banks, already reeling from a stagnant home loan market and revenues, the fallout from the Hayne Royal Commission and censure from upset shareholders, now face more financial problems in their most profitable offshore market – New Zealand.
Read MoreRelaxed, but alert? That’s one way of describing the attitude of the nation’s supreme council of financial regulators to the home price crunch and the tighter lending activity.
Read MoreWestpac was on Wednesday, it will be the turn of NAB and ANZ next Wednesday to feel the wrath of shareholder displease over the revelations at the Hayne royal commission.
Read MoreTPG Telecom shares took a hammering yesterday after the competition watchdog, the ACCC revealed problems it has with the proposed merger with rival telco, Vodafone Hutchison Australia.
Read MoreAfter months of negative publicity and criticism at the Hayne Royal Commission and on some other corporate regulatory issues, ASIC is ending 2018 with a major win on a high profile case which at one stage was lost in 2016 in an adverse Federal Court ruling.
Read MoreThe International Energy Agency (IEA) claims that the production cap of around 1.2 million barrels a day from OPEC and Russia has helped put a line under global oil prices at around $US60 a barrel.
Read MoreA rare good day on the ASX with a solid gain on hopes the US-China trade war may be losing some heat and some strength back in bank shares even though Westpac took a strike on its remuneration report at its annual meeting in Perth.
Read MoreAmerican telco, Verizon had dreams of competing with Google, Facebook, Apple and Amazon in the digital powerhouse zone, but failed to turn its two big purchases, AOL and Yahoo into growing businesses.
Read MoreSonic Healthcare is raising $600 million in an accelerated placement to big shareholders and plans to ask small shareholders for another $100 million to help pay for its $750 million purchase of US group Aurora Diagnostics.
Read MoreNew Zealand website business, Trade Me has accepted a slightly higher offer from European private equity giant, Apax Partners, and subject to there being no higher rival offers, will become foreign-controlled.
Read MoreWestpac has suffered a stunning vote of no confidence in the bank board and management at a level we have seldom seen in Australia.
Read MoreMore red ink for the banks from the royal commission disclosures and associated scandals with the CBA revealing a new $350 million impact to its December 31 half-year earnings from a series of new costs.
Read MoreAustralian business conditions and confidence are clearly cooling, judging by the November NAB business survey as the softening that started midyear continued last month.
Read MoreThe marriage banns continue to be posted for more and more of WA’s junior gold miners tiddlers, Intermin Resources and MacPhersons Resources planning a $60 million all paper hook-up.
Read MoreQBE Insurance shares took a bit of a hit yesterday after it released a strategy update that confused some investors.
Read MoreAfter the ASX overnight futures market on Saturday was signally a 30 point fade at the start of trading in Australia yesterday, no one could have foreseen the nasty 2.3% slump in the index as bank investors took fright at the move by APRA.
Read MoreFor all the talk of a home lending slump, the October housing finance figures from the Australian Bureau of Statistics were something of a surprise – they rose, not fell as accepted wisdom in the market had them doing.
Read MoreTelstra, Optus and TPG/Vodafone were the winning big bidders in the latest auction of Australia’s new 5G mobile network spectrum which raised $853 million for the federal government.
Read MoreShares in stricken wealth manager IOOF Holdings lost another 7% yesterday after its CEO and chairman stepped down to fight moves by APRA, the prudential regulator to disqualify them from managing superannuation funds.
Read MoreBank of Queensland has become yet another financial whose business has been disrupted by the impact of revelations from the Hayne Royal Commission.
Read MoreAccording to more and more market analysts, Wall Street is heading for stepped up selling pressure after a key chart showed the key S&P 500 had entered a significantly bearish formation.
Read MoreAnother grinding start to ASX trading today after a tough night on Friday offshore, especially in US markets.
Read MoreSo will the latest attempt by OPEC and Russia to put a line under global oil prices work?
Read MoreBrexit dominates events this week with the key UK House of Commons vote due on Tuesday night, our time and bound to set a historic precedent, no matter the outcome.
Read MoreMore definite signs that China’s trade war with the US and slowing global economic growth are starting to have a growing impact on its exports, judging by the country’s November trade report, released on the weekend.
Read MoreShares in cement maker Adelaide Brighton Ltd slid more than 9% on Friday to a 29-month low after it became yet another industrial company to downgrade earnings for 2018 or 2019.
Read More