Gold’s decline amid market panic
Gold continues to be the chief victim of market panic about rates and the Fed's "higher for longer" policy approach.
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Mineral Resources boosts US bond offering to $1.1 billion
In a show of confidence from investors, Mineral Resources (ASX:MIN) has increased its US bond offering to $1.1 billion from the original $850 million and successfully sold the entire offering.
Read MoreDe Grey Mining – towards a $1 billion gold mine in WA
De Grey Mining (ASX:DEG) is moving closer to its planned $1 billion-plus gold mine at the Mallina-Hemi gold discovery in Western Australia's Pilbara.
Read MoreRetail sales, job vacancies and interest rates
Soft retail sales figures for August, along with a further decline in job vacancies in the three months leading up to the end of August, mean that the Reserve Bank will not raise interest rates at its October meeting.
Read MorePremier Investments maintains high dividends despite slowing growth
Solomon Lew's Premier Investments has maintained its dividends for the 2022-23 financial year at the high level established a year ago, despite reporting slowing growth in revenue and earnings from its key retail businesses.
Read MoreBrickworks shares slide as company reports decline in earnings
Shares in Brickworks (ASX:BKW) fell yesterday after the company revealed a decline in earnings for the year ending July 31. The shares were down approximately 9% during mid-session trading.
Read MoreSoulPatts shares drop 6% as investors weigh full-year figures
Shares in Washington H. Soul Pattinson (ASX:SOL, SoulPatts or WSHP) fell nearly 6% yesterday as investors hesitated over its full-year figures and those from its partially owned associate, Brickworks.
Read MoreEvergrande chairman detained at undisclosed location
Shares of China Evergrande, the beleaguered property developer, tumbled on Wednesday following a Bloomberg report revealing that its chairman had been detained by Chinese authorities over a month ago and was currently "being held" at an undisclosed location in China.
Read MoreRBA holds steady ahead of mixed August inflation report
The Reserve Bank is unlikely to make any hasty decisions during its upcoming meeting next week, despite a mixed bag of news from the August consumer inflation report.
Read MoreGold plummets below $1,900
While oil prices remained resilient against a strong US dollar and rising bond yields, gold investors panicked, causing Comex futures prices to dip below $1,900 per ounce.
Read MoreMineral Resources’ $1.3b bond offering
Five days ago, Perth-based Mineral Resources (ASX:MIN) issued a comprehensive update on its various mines and prospects in Western Australia, particularly in lithium and iron ore.
Read MoreStar secures $1.2 billion in desperate bid to survive
The embattled Sydney-based casino operator, Star (ASX:SGR), has successfully convinced investors to contribute hundreds of millions of dollars for the second time this year, in a desperate attempt to keep the business afloat.
Read MoreAmazon faces major antitrust lawsuit in the US
America's Federal Trade Commission (FTC) and 17 states are suing Amazon over allegations that the e-commerce giant abuses its marketplace dominance to inflate prices both on and off its platform, overcharge sellers, and stifle competition.
Read MoreNuclear not as clean as proponents claim
The cleanup and rehabilitation of the Ranger uranium mine in the Northern Territory serve as a stark reminder that nuclear power is not as clean as its proponents claim. Similar to coal mining, uranium mining leaves significant holes in the ground. However, the cleanup and rehabilitation of uranium mines come with added complexities and costs, particularly the challenge of safely handling radioactive materials left behind.
Read MoreCzech group acquires majority stake in Coronado Global Resource
Australian-US coking coal miner and exporter, Coronado Global Resources (ASX:CRN), welcomes a new major shareholder as America's Energy and Minerals Group (EMG) sells its 51% stake to a Czech private equity group.
Read MoreAir New Zealand faces challenges amid rising fuel prices
Air New Zealand (ASX:AIZ) has joined its trans-Tasman rival, Qantas, in warning of the increasing pressures resulting from higher oil and fuel prices.
Read MoreMoody’s warns of US debt rating risk
As hard-right Republicans push the US government towards a shutdown on Sunday afternoon Sydney time, ratings agency Moody's has cracked, warning that its AAA rating on US debt is in danger of being removed.
Read MoreGina Rinehart boosts Liontown Resources stake to above 10%
Gina Rinehart has raised her stake in Liontown Resources (ASX:LTR) to over 10%, a move that prevents Albemarle from proceeding with its $6.6 billion takeover offer through compulsory acquisition.
Read MoreChinese property shares shaken by Evergrande investigation
Reports from China today indicate that "multiple current and former executives of China Evergrande Group and its subsidiaries" have become embroiled in a government investigation into the company's collapse, further unsettling Chinese property shares.
Read More$217m vanadium merger
Consolidation has kicked off in the vanadium sector, with two WA explorers agreeing to a $217 million all-paper merger. The merger is driven by the desire for single ownership of the same highly prospective orebody and the goal of both companies to gain more scale in the eyes of investors.
Read MorePact Group shareholders face dilemma
Minority shareholders in Melbourne-based packaging company Pact Group (ASX:PGH) find themselves at a crossroads in the face of a 68 cents per share cash buyout offer from the company's chairman and largest shareholder, Ralph Geminder. Just thirteen months ago, the share price stood at approximately $1.44, but with the recent buyout proposal, it has plummeted to 68 cents.
Read MoreSynlait reports worse-than-expected annual loss amidst A2 Milk dispute
Kiwi dairy group Synlait (ASX:SM1), currently embroiled in a contentious disagreement with shareholder and customer A2 Milk, has surprised observers by reporting a more significant annual loss for the year ending July 31 than even its pessimistic forecast five months ago had predicted.
Read MoreCosta Group board accepts lower bid from US private equity firm
In a rare move, the board of Costa Group (ASX:CGC), Australia's major fruit and vegetable supplier, has accepted a lower bid from its US private equity suitor.
Read MoreThe inevitable rise of electric vehicle sales: A global perspective
King Canute, a legendary English monarch, once attempted to halt the relentless sea, illustrating the futility of opposing unstoppable forces. Similarly, the surge in EV sales, especially battery-powered types, defies attempts to slow it down.
Read MoreSeptember lives up to its miserable market reputation
August set the tone with a dip into the red, but September has witnessed some of the biggest daily falls in the last 10 months. With a week left to go, the losses have been significant.
Read MoreInflation concerns loom over Australian and global markets
Inflation returns to haunt Australian markets this week with the monthly inflation indicator for the Consumer Price Index for August set to be released on Wednesday.
Read MoreImpending US government shutdown looms as GOP infighting persists
The US government is heading for a shutdown next Sunday, October 1, if extreme right-wing Republicans in the House of Representatives don't agree to a new funding arrangement with others in their party, as well as the Democrat-controlled Senate.
Read MoreCentral banks’ hawkish policies impact commodities and dollar
The Federal Reserve (and other central banks) pushed commodities lower in some cases as investors had to adapt to a prolonged monetary policy stance.
Read MoreRupert Murdoch retires
Consider two globally renowned nonagenarian businesspeople with very well-known names and enormous reputations—so much so that their surnames alone, Warren Buffett and Rupert Murdoch, are headlines in their own right.
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ACCC opposes Transurban’s acquisition of majority stake in Horizon Roads
In a groundbreaking move, the competition regulator, the ACCC, will oppose the proposed acquisition of a majority interest in the small Melbourne toll road group Horizon Roads by sector giant Transurban Group (ASX:TCL).
Read MoreNZ economy surges past Australia, defying recession fears
The NZ economy outperformed Australia in the June quarter, growing by 0.9% compared to Australia's 0.4%.
Read MoreFonterra reports record profits
Fonterra, the world's largest dairy company, reported a record net profit of $NZ1.6 billion on Thursday, signaling substantial gains in milk, cheese, and other dairy products.
Read MoreFed holds strong stance on interest rates amid robust US economy
A stronger-than-expected US economy led the Federal Reserve to maintain its key interest rate at a 22-year high on Wednesday, signaling support for further rate hikes this year and fewer rate cuts next year.
Read MoreQantas board withholds CEO’s bonuses amidst ACCC investigation
The Qantas (ASX:QAN) board paid former CEO Alan Joyce $21.4 million as he exited the company, according to the airline's annual report released Wednesday afternoon.
Read MoreQantas ordered to mediation talks over illegal sacking of 1700 ground staff
Qantas has been ordered to attend a month of mediation talks with the Transport Workers Union over the illegal sacking of nearly 1700 ground staff in late 2020.
Read MoreKMD Brands achieves record revenue
KMD Brands (ASX:KMD), formerly known as Kathmandu, celebrated a milestone as it exceeded NZ$1 billion in annual revenue for the first time ever.
Read MoreFOMC meeting highlights: Dot plot and economic forecasts
The two-day meeting of the Fed’s Open Market Committee (FOMC), which began in Washington overnight, is one of the four most crucial meetings each year. It is quarterly, bringing updated economic forecasts and, especially for markets, a new interest rate 'dot plot.'
Read MoreElectric vehicle boom forces Italian car parts maker to shut down factory
This is set to become a regular news item in the coming years—a major car parts manufacturer attributing the closure of a factory, or even multiple factories, to the rising popularity of electric vehicles (EVs), resulting in the loss of hundreds, if not thousands, of jobs.
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