UK Tax Backtrack Helps Markets Rebound
Shares in Europe and the US leapt on the first day of the new quarter, after the UK government watered down its controversial tax cuts.
Read MoreShares in Europe and the US leapt on the first day of the new quarter, after the UK government watered down its controversial tax cuts.
Read MoreWill data released yesterday showing house prices fell again in September cause the Reserve Bank to blink at its October meeting today and rethink its next rate move?
Read MoreOil pricing returns to the agenda for commodities this week, with the OPEC+ meeting Wednesday expected to see the group’s first global production target cut in more than two years.
Read MoreNo matter what filter, yardstick or obscure factoid analysts can dredge up to try and gild the lily, global markets had a very rough September to cap off a dreadful quarter.
Read MoreTesla is looking at solid third quarter earnings despite the electric vehicle giant missing its own forecast for deliveries of its iconic vehicles in the three months to September 30.
Read MoreGet set for the deluge of earnings updates, downgrades, reports and addendum of all types – with currencies and inflation the most influential factors, especially the strong US dollar.
Read MoreNews from global copper majors MMG and Rio Tinto this week underlines how the rising importance of renewables is allowing some miners to find long-term growth opportunities.
Read MorePresident Xi Jinping is set to continue as the ruler of China for a third five-year period and it is unlikely to do the economy he has shaped over the past 10 years one bit of good.
Read MoreThe Commonwealth Bank is now back in the good books of key regulator, APRA (The Australian Prudential Regulation Authority).
Read MorePremier Investments shareholders will pocket a bumper dividend and a small buyback as well after the company reported record sales of $1.5 billion for the year to July.
Read MoreShares in Iress slumped 20% at one stage yesterday hitting their lowest levels for more than 8 years after the company sprang a shock earnings downgrade on the market.
Read MoreShares in Nuix eased late Thursday on news that ASIC was suing the company and some of its board for alleged continuous disclosure breaches and misleading or deceptive conduct.
Read MoreInflation jumped to the highest level since mid-1990, a reading that – along with strong data on job vacancies – will confirm the need for another rate rise from the RBA next week.
Read MoreShares were saved from implosion by the Bank of England on Wednesday in a dramatic intervention that for the moment halted the collapse of confidence in the pound and the UK economy.
Read MoreThe Aussie dollar again fell under 64 US cents on Wednesday in the wake of continuing controversy about the economic policies of the UK government of Prime Minister Liz Truss.
Read MoreSome of the biggest names in global finance have been fined heavily by the SEC for not keeping proper and accurate records of communications on private apps and personal devices.
Read MoreAnother solid month for local retailers with August sales up 0.6%, confirming Australian consumers have yet to pull back significantly in the face of the RBA’s rate increases.
Read MoreThe strong jobs market and high corporate earnings, especially in resources and energy, have driven a significant improvement in the federal budget for the 2021-22 financial year.
Read MoreTransitioning away from fossil fuels and towards renewables is breathing new life, new investment and new jobs into the NSW mining industry long dominated by coal.
Read MoreThe recovery in the fortunes of dairy companies on both sides of the Tasman continues with news from NZ-based Synlait Milk of a strong earnings result for the year to July 31.
Read MoreMuch ado about nothing for energy tiddler Carnarvon Energy, who seemed to be making noise for the sake of it on Tuesday just to remind the market that it sees itself as a player.
Read MoreInvestors in Sigma Healthcare reacted negatively to yesterday’s half year results, details of a major change in strategy and bare bones interim dividend to shareholders.
Read MoreInvestors took fright at the shock departure Monday of Costa Group CEO Sean Hallahan after only 18 months in the job, with shares falling nearly 15% in something of a wipeout.
Read MoreMonday saw the death knell finally rung for two of the… shall we say, less professional business entanglements in recent memory – although we all know nothing is forever in M&A.
Read MoreInflation takes centre stage in Australia this Wednesday with the new monthly indicator to be released by the ABS which will mesh with the more comprehensive quarterly CPI.
Read MoreThe ASX is looking at another big loss today after Friday’s sell-off here and around the world, with the ASX futures pointing to a 90-point slide for the start of trading.
Read MoreCurrency values have joined rising inflation in making a comeback as the topic of the day in a re-run of what was in vogue for financial markets during the 1970s, ’80s and ’90s.
Read MoreRising interest rates, the soaring $US and renewed recession worries sent commodities prices lower Friday – exerting more downward pressure on oil and precious metals, along with agriculturals.
Read MoreMoody’s and Fitch think 2022 has been as good as it gets for the world’s resources and energy companies, with both now seeing the outlook softening by the week and with every central bank rate rise.
Read MoreContrasting decisions from two major miners on big projects, with Newmont postponing its gold copper expansion project in Peru for at least two years and OZ Minerals off and running at WA’s West Musgrave.
Read MoreIt was a rare time in central banking this week with rate rises seemingly here, there and everywhere as September again confirmed itself as the oddest month for financial markets.
Read MoreWhitehaven Coal shares touched record levels this week after revealing more rewards from the coal price boom for shareholders to enjoy; others in the space are doing equally well.
Read MoreFor the third time in a row the US Federal Reserve raised its key interest rate by 0.75 percentage points and made it clear it was not looking to slow its aggressive tightening stance.
Read MoreThe CEO of Rio Tinto has made it clear the mining giant will not be lifting its offer for the 49% of Turquoise Hill it doesn’t own, despite ongoing criticism from two minority shareholders.
Read MoreColes is out of the petrol selling business at last, raising around $300 million with the sale of its service stations and convenience stores to its long-term fuel supplier Viva Energy.
Read MoreAfter New Hope’s recent bonanza, a big rise in the earnings of major shareholders and associated companies Washington H Soul Pattinson and Brickworks was always on the cards.
Read MoreThe world’s biggest dairy company, New Zealand’s Fonterra, will keep its Australian operations, deciding not to sell after having them on the market for the best part of a year.
Read MoreA series of records for NZ-based clothing group KMD Brands in the year to July helped offset the dramatic impact of Covid lockdowns on both sides of the Tasman over that period.
Read MoreThe New Hope share price rocketed nearly 9% Tuesday on the back of the company’s strong full year earnings result and, perhaps more importantly, huge lift in dividend payout.
Read MoreAndrew “Twiggy” Forrest’s Fortescue Metals Group has given itself eight years and a budget of around $9 billion to eliminate fossil fuel use and achieve zero terrestrial emissions.
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