$1 Billion Costs Surge Drives Ford into the Red
Carmaker Ford surprised the market late Monday with a warning of a $US1 billion surge in costs because of inflation, continuing supply chain problems and strong buyer demand.
Read MoreCarmaker Ford surprised the market late Monday with a warning of a $US1 billion surge in costs because of inflation, continuing supply chain problems and strong buyer demand.
Read MoreOrigin Energy yesterday revealed it had sold its gas development rights in the NT’s Beetaloo Basin, while hinting that it was looking at exiting nearly all upstream exploration permits.
Read MoreAnother round of significant changes to the board of embattled energy provider AGL, with a couple major retirements, two new appointments and an impending departure.
Read MoreOnly a couple more sleeps until the September meeting of the US Federal Reserve and its forecast three quarters of a per cent rate rise – the question now is, where to from here?
Read MoreNews Corp has reportedly lost its most experienced real estate executive, with Tracey Fellows, the head of Move – the company’s US version of REA Group – set to leave.
Read MoreGold prices fell to their lowest level in more than two years Friday, as rising US interest rates, along with a rising US dollar, again hit prices and confidence in the metal.
Read MoreThere’s a certain funeral in London later today and a spate of central bank meetings and decisions set to dominate what will be another volatile week in markets after last week’s big selloff.
Read MoreThe CSI 300, China’s key blue-chip index, slid more than 2% and the yuan ended at a 27-month low against the US dollar as the country’s property slide worsened for yet another month.
Read MoreAfter the worst week in two months, ‘wary’ will be the watchword for markets this week ahead of interest rate decisions by central banks in the US, UK, Switzerland and Japan.
Read MoreMarket talk that Mineral Resources has been mulling the spinoff of its lithium operations has led to speculation that the high-grade business could in fact be a target for another company with ambitions in the area.
Read MoreDetails from next month’s Netflix quarterly report could well turn US media on its head and totally change televisual broadcasting as we have come to know it over the past 70 years.
Read MoreThis week’s selloff was another example of letting the numbers tell the story about the way big investors are retreating to the gloom of June and July as they flee shares for cash and anything in US dollars.
Read MoreGlobal logistics giant FedEx produced an earnings downgrade that took Wall Street by surprise and should be considered more seriously by investors around the world than just another ‘blip’ from a big US company.
Read MoreRetailer Myer Holdings met its full year 2022 guidance, paid its highest dividend to shareholders in six years, and says it has posted its best sales start to a new financial year since 2006.
Read MoreAnother strong month for the Australian labour market with 33,000 new jobs added despite a small rise in the jobless rate to 3.5% from 3.4% as more people continue to look for work.
Read MoreThe slow easing of Covid restrictions freed up the New Zealand economy in the three months to June and helped GDP to rebound 1.7% after the 0.2% contraction in the March quarter.
Read MoreA warning for BlueScope Steel this week after Nucor, one of its biggest US rivals, warned that its 3Q earnings would fall from a year earlier due to declining volumes and prices at its steel mills.
Read MoreLink Administration has given itself and Dye and Durham an extra eight days to try and find a solution to the half a billion dollar obstacle to their $2.5 billion marriage.
Read MoreRio Tinto has joined Mineral Resources in getting into bed with the world’s biggest steelmaker, China Baowu Steel Group, to develop small projects in WA’s Pilbara region.
Read MoreMore red ink from the Australian aviation sector with news of a much larger loss for the private-equity-controlled Virgin Australia in the year to June despite increased revenue.
Read MoreAtlas Arteria yesterday launched a $A3.15bn capital raising to buy a 66% stake in a small US toll road – a deal that could put it beyond reach of predator IFM Investors.
Read MoreShares in Ramsay Healthcare slumped on Tuesday as two deals thought to be in the hand vanished in a matter of days with only a brief explanation to the market and shareholders.
Read MoreShares in Star Entertainment Group rose more than 4% yesterday after investors expressed relief that the company had seemingly retained the licence to run its Sydney casino.
Read MoreThe latest NAB survey of business conditions and confidence will not give the RBA any comfort in its campaign to slow demand and lower inflation by raising interest rates.
Read MoreShares in Link Administration lost 20% yesterday, all but killing off the convoluted, long running $2.5 billion takeover offer from Canadian group, Dye and Durham (D&D).
Read MoreSilver Mines confirmed with the ASX on Monday that it had encountered gold mineralisation in recent drilling at the Bowdens silver prospect near Mudgee in central NSW.
Read MoreThe 2022-23 financial year has opened with a slide in business turnover in seven of the thirteen selected industries measured by the Australian Bureau of Statistics.
Read MoreFinancial intelligence watchdog AUSTRAC has decided to take a close look at the local bookmaking activities of Entain, one of the world’s biggest gambling businesses.
Read MoreYancoal Australia’s Chinese state-owned parent Yankuang Energy has quietly dropped its now vastly underpriced takeover offer for the minorities in the local coal miner.
Read MoreThe coming week sees the setup for the Fed meeting later this month but it is the US inflation reading set to dominate because it is the driver of the Fed’s rate rise decisions this year.
Read MoreIn news that will further encourage lithium and other metal suppliers, Chinese sales of NEVs hit an all-time high in August, even as sales of conventionally powered vehicles slowed slightly.
Read MoreThe Australian market will open strongly today after a 79-point gain in the SPI futures Friday night following on from the strong close earlier that day in local ASX trading.
Read MoreInvestors should be watching events in the US railroad industry this week because there’s a growing chance of the first strike in decades which could send commodities prices surging.
Read MoreVale’s nickel and copper interests have long been in the shadow of the Brazilian mining giant’s dominant iron ore operations. The advent of the green metals boom may change that dynamic for good.
Read MoreDe Grey Mining has revealed preliminary plans for a huge gold mine costing around $A1 billion to exploit the still growing Mallina complex of gold deposits in the Pilbara region of WA.
Read MoreThere’s growing evidence of a major extension of Chalice Mining’s already rich and large nickel, copper, platinum, gold and cobalt Gonneville discovery at Julimar, northeast of Perth.
Read MoreWith the weakness in the Chinese economy confirmed this month by more poor data, the price of copper – a key indicator of China’s economic health – also continues to struggle.
Read MoreThe European Central Bank has joined the US Federal Reserve and raised its interest rate by a larger than forecast 75 basis points to tackle record inflation.
Read MoreThe ending of the temporary cut to the fuel excise comes with global oil prices well below where they were when Treasurer Josh Frydenberg confirmed the cut in his final budget.
Read MoreThe ACCC will not oppose the takeover of Link Administration by Dye & Durham, after accepting an undertaking from the Canadian company to sell its existing Australian business.
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