RBNZ Maintains Holding Pattern
New Zealand’s Reserve Bank has followed its Australian counterpart again in not moving its key interest rate.
Read MoreNew Zealand’s Reserve Bank has followed its Australian counterpart again in not moving its key interest rate.
Read MoreThe mixed outcome of the US congressional mid-term elections saw stockmarket jump, but oil prices fell to their lowest levels since March as the tightening of Trump administration sanctions on Iran from Monday continued to splutter.
Read MoreFor the second time in three years a big Hong Kong group has been knocked back trying to buy major Australian infrastructure.
Read MoreBHP could lose iron ore exports worth hundreds of millions dollars from this week’s rail derailment.
Read MoreBega Cheese has abandoned ambitions to take control of Capilano and will sell its stake to a Chinese-focused consortium bidding for the honey maker.
Read MoreInvestors have taken CBA’s first-half trading update in their stride with nothing in the limited announcement to cause alarm.
Read MoreThe Reserve Bank of Australia opted to keep interest rates on hold at 1.5% at its second last meeting of the year yesterday and there won’t be a change until well into 2020, even though the central bank lifted its growth forecasts for the economy noticeably.
Read MoreWhew, that could have been a lucky escape for investors from a nasty loss after the heavily promoted $2.2 billion float of the controversial online property conveyancer PEXA, was finally buried yesterday in favor of a trade sale.
Read MoreApple is no longer a $US1 trillion company – in fact, at Monday’s close it is now a $US958 billion company – and its rival and brief fellow member of the trillionaire club, Amazon is now just a $US814 billion company.
Read MoreResMed has slipped out plans on spending $US750 million ($A1.06 billion) on MatrixCare, which is long-term post-acute care software used by 15,000 health centres in the US.
Read MoreFigures out yesterday showed more weakness in car sales, especially to private buyers in October, while job ads edged a touch higher last month after a couple of months of weakening activity.
Read MoreThe big four banks have survived a tough year financially unscathed, but with their reputations sullied what does 2019 look like?
Read MoreShares in pet and vet group, Greencross’ jumped 19% on Monday to $5.40 after the board fell over and agreed to be taken private by US buyout group, TPG.
Read MoreInvestors liked the flat annual result from Westpac yesterday and didn’t take too much notice of the mixed outlook (while many commentators and business media focused on it).
Read MoreOnline travel group Webjet is making its second big offshore move in 18 months. It revealed yesterday it plans to spend $240 million to buy the Dubai-based business-to-business travel business Destinations of the World (DOTW).
Read MoreWestpac has joined rivals ANZ and NAB in not inflicting direct financial pain on shareholders as a result of the impact from the banking and finance royal commission.
Read MoreUS sanctions on the Iranian energy sector begin tonight, threatening to cause further tightness in the global market for crude oil.
Read MoreApple’s market value unofficially fell under the $US1 trillion level in after-hours trading on Friday as investors continued to sell off the stock in the wake of the weak December quarter outlook.
Read MoreAmerica’s third-quarter earnings season is nearing the end while in Australia, the September 30 results continue with Westpac revealing its full-year figures this morning, along with a first-quarter update from the Commonwealth Bank midweek.
Read MoreA mixed reaction from investors to earnings reports from building products group, CSR and from explosives maker, Orica which didn’t set the market afire on Friday.
Read MoreNo rate rise is expected from this week’s two day meeting of the US Federal Reserve – the second last for the year – but after October’s surge in US jobs (250,000) and wages (to an annual rate of 3.1%) and no change in the jobless rate (3.7% – a 49 year low).
Read MoreBHP’s confirmation of a massive buyback and special dividend saw its shares close the week 7.4% higher at $33.50 helping the ASX notch up its best week since November 2016.
Read MoreA very busy week for markets everywhere. In Australia we have the RBA meeting tomorrow. Tuesday also sees the Melbourne Cup, the US mid-term polls while the second last meeting of the US Fed for 2018 is due early Thursday.
Read MoreThe continuing lack of investment prospects (outside of equities) has seen Warren Buffett’s Berkshire Hathaway repurchase nearly $US1 billion of its own shares in the three months to September.
Read MoreMacquarie Group has forecast that its full-year result for the year to next March 31 will be up about 10% on the previous year after reporting a 5% rise in first-half net profit on Friday.
Read MoreJust when media and other analysts had been looking for the New York Times great subscription boom to run out of puff after a weak 109,000 new digital-only subs were reported in the June quarter, the company has gone and reported two major milestones in the three months to September.
Read MoreWhile the Comex gold price was falling 5.5% in the three months to September, a group of central banks was mopping up around $US5.8 billion worth of the yellow metal.
Read MoreNow that’s not what the market really wanted to hear from Apple in its Q4 earnings report and outlook for the crucial December shopping period, no real growth in sales and at best a marking time.
Read MoreThanks to solid prices for iron ore, coal, and LNG, the Reserve Bank’s Commodity price Index – a proxy for our terms of trade – hit a near six-year high in October, the central bank said yesterday.
Read MoreWhile the trade war and the threat from it remains real, Australia’s trade performance has in fact improved, not worsened in 2018, even as the Chinese economy cools.
Read MoreMacquarie Group management will come under pressure this morning to confirm whether or not it is interested in bidding for the struggling AMP.
Read MoreBHP shares jumped more than 4% at one stage yesterday after it confirmed its long-awaited capital management program using the proceeds of its abortive US oil and gas campaign that cost it more than $US20 billion in impairments.
Read MoreWoolworths shares rose sluggishly yesterday after the country’s biggest supermarket chain revealed a set of underwhelming sales figures for the first quarter.
Read MoreBHP has confirmed that it plans a huge buyback and special dividend for shareholders from the sale of its underperforming US shale oil and gas assets.
Read MoreA 14% slump in cash net profit, to $5.702 billion in the year to September has not stopped the National Australia Bank from maintaining final and full year dividends.
Read MoreOnly gold, the US dollar, and iron ore could claim bragging rights in red October as they finished with gains for what turned out to be a miserable 31 days of trading that was given a lift on the final two days with a nice rally on Wall Street.
Read MoreThe ASX had its worst month in more than three years in October – the 6.1% slump was the biggest fall since August 2015.
Read MoreFresh after announcing a 5% fall in cash earnings and an unchanged final and full year dividend, ANZ says it has abandoned attempts to float its unwanted NZ finance arm, UDC Finance.
Read MoreThe Commonwealth Bank has called off a stock market float of its funds management arm and will sell it to a big Japanese insurance group for $4.13 billion.
Read MoreAMP has been forced to strongly defend the valuation and $3.3 billion sale of its life insurance arm to UK group Resolution Life after a Sydney-based fund manager was revealed as leading a group of shareholders critical of the deal and threatening to push for a special shareholder meeting to get rid of the board.
Read More