Chinese Covid Cluster Starts to Bite Economically
The Chinese economy slowed sharply in March, according to the first major survey of the impact of the upturn in Covid cases and the indirect impact of Russia’s invasion of Ukraine.
Read MoreThe Chinese economy slowed sharply in March, according to the first major survey of the impact of the upturn in Covid cases and the indirect impact of Russia’s invasion of Ukraine.
Read MoreTabcorp has revealed more detail on its plans to demerge its lotteries and Keno businesses, with the new entity to debut on the ASX on May 24 if the split is approved by investors.
Read MoreAhead of what was looking like a standard OPEC+ meeting, Thursday’s surprise announcement by the US about releasing 180 million barrels of oil drove prices down sharply.
Read MoreAir New Zealand’s long awaited $NZ2.2 billion recapitalisation plan announced on Thursday will test the appetite of big investors in Australia and NZ for airline and tourism stocks.
Read MoreAnalysts see retailers and other stocks selling goods or services to consumers as the main sharemarket beneficiaries of Tuesday night’s incentive-packed federal budget.
Read MoreConcerns have increased about the health of the Chinese economy after the Covid-driven lockdown of Shanghai was tightened sharply on Wednesday as case numbers soared.
Read MoreInfluential OPEC members Saudi Arabia and the UAE have rebuffed calls to expel Russia from the OPEC+ group, citing the group’s long history of working together through armed conflicts.
Read MoreWhile most of the focus Wednesday was on the fallout from the federal budget, a couple of non-related announcements from Crown Resorts and Telstra caught our eye.
Read MoreA day after revealing a new corporate structure for the next few years, Telstra has announced that CEO Andy Penn will retire and be replaced by current chief financial officer Vicki Brady.
Read MoreAn interesting set of ratings decisions from the major credit checking firms this week, especially in view of the Russian invasion of Ukraine and the impact on Europe in particular.
Read MoreRetail sales jumped a stronger than forecast 1.8% in February with shoppers continuing to spend up as the Covid Omicron fears of December and early January dissipated.
Read MoreA federal election always makes for a giveaway budget and this year it’s no different. We take an in-depth look at what may well be Josh Frydenberg’s final budget as Treasurer.
Read MoreDespite a weak 2021-22 annual result, Sigma Healthcare believes it is in the final phase of its reboot and ready to show that it has overcome the problems that have been dogging it.
Read MoreCovid has returned to haunt global markets with oil and gold prices slumping sharply after China reversed course and revealed a 9-day lockdown of its biggest city, Shanghai.
Read MoreDespite the $2.4 billion cost of March’s flooding along the East Coast, Fitch Ratings believes Australian general insurers like QBE, IAG and Suncorp will be able to avoid financial disaster.
Read MoreLots going on around the traps to kick the week off, and here is the latest news from Star Entertainment Group, Carnarvon Energy and financial sector stalwart AMP Limited.
Read MoreCovid continues to take a toll on mining operations, with gold producer St Barbara warning an outbreak at its Simberi mine on a remote north-east island of PNG has slammed output.
Read MoreGuinea’s ruling junta has reached an agreement with Rio Tinto and its Chinese-backed JV partner to resume development work at the huge Simandou iron ore deposit.
Read MoreChina’s struggle to contain Omicron shows no sign of improving, despite official media trumpeting a fall in cases where people with the virus are exhibiting symptoms.
Read MoreWith sharemarkets expected to move higher again this week, one has to wonder whether the strength is relief-driven about the war in Ukraine, or perhaps because the Fed has started increasing rates.
Read MoreWith the election looming, tomorrow’s 2022-23 federal budget will no doubt contain plenty of goodies – despite a big deficit – aimed at enabling the Liberal Party to hold onto office.
Read MoreOil is still the driver to commodity price movements because of events in Ukraine but US interest rates and the value of the greenback are also starting to have a growing impact on markets.
Read MoreWhile tomorrow’s federal budget dominates local business matters, globally it will be a combination of the March US jobs report and the final surveys of business activity for last month.
Read MoreWarren Buffett looks to be onto another winner with Berkshire Hathaway’s purchase this week of cash-rich US insurance giant Alleghany Corp for a smidgen under $US12 billion.
Read MoreSouth Korean steelmaker Posco has joined the so-called ‘brine rush’ in heading for Argentina’s lithium-rich salt deposits where it eventually plans to boost its investment to at least $US4 billion.
Read MoreNot even predictions of Brent at up to $US250 a barrel and the expected disappearance of huge amounts of Russian oil in coming months have been enough to spark a rise in production.
Read MoreDon’t believe suggestions that China’s housing and property crisis is easing – if anything this week has shown it to be a black hole that is only getting wider and deeper.
Read MorePremier Investments has boosted interim dividend 35% to a record 46 cents a share after meeting upgraded guidance for revenue and earnings for the six months to January.
Read MoreIn an unusually generous deal, McPherson’s is placing almost 10% of its capital with the giant Chemist Warehouse Group in exchange for a major distribution agreement.
Read MoreNot even a whopping $600 million plus statutory loss linked to the takeover of Milton Corporation last October could take the gloss off a strong earnings report from Soul Pattinson.
Read MoreBrickworks had a very strong six months to January thanks largely to its various investments, with strong revenue and underlying net profit after tax up 269% to $330 million.
Read MorePlenty of positive news from the Thursday ASX trading session, including these announcements from JB Hi-Fi, National Australia Bank and Southern Cross Media Group.
Read MoreThere were rumours around late last week that the National Australia Bank was planning to extend its current multi-billion-dollar buyback and Thursday it did just that. Kind of.
Read MoreShares in Carnarvon Energy surged Wednesday on news of a significant discovery at the Pavo-1 oil well off the WA coast it part owns with energy major Santos.
Read MoreKMD Brands met the downgraded guidance from its January 25 update yesterday, confirming that Covid had damaged revenues and earnings, but not returns to shareholders.
Read MoreASIC said on Wednesday that it would be intensifying its surveillance of managed fund marketing, looking out for any misleading material about fund performance and risk.
Read MoreNew Zealand-based medical products group Fisher and Paykel has confirmed full year revenue will be down sharply from 2020-21’s Covid boosted record of more than $NZ1.9 billion.
Read MoreA game of one-upmanship has emerged among the US punditry since Jay Powell ramped up his rhetoric on Monday with regard to how aggressively the Fed would raise US rates.
Read MoreShares in digital lender Plenti had fallen 30% year to date but they got around a third of that loss back on Wednesday when the company surprised with an earnings upgrade.
Read MoreEvergrande has said it won’t be able to publish its financial results for 2021 by March 31 as required by stock listing rules, because of audit work that won’t be completed in time.
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