Newcrest Takes out Canadian Rival with Acquisition
Gold miner Newcrest has struck a $US2.8 billion ($A3.7 billion) deal to acquire Toronto-listed rival miner Pretivm Resources, marking a significant step in the company’s expansion plans.
Read MoreGold miner Newcrest has struck a $US2.8 billion ($A3.7 billion) deal to acquire Toronto-listed rival miner Pretivm Resources, marking a significant step in the company’s expansion plans.
Read MoreTuesday’s solid full year result from the National Australia Bank concluded the strong recovery the big four have made from the pandemic damaged 2020 financial year.
Read MoreOutdoor gear retailer Kathmandu has confirmed the group’s sales have been hurt by the lockdowns in Eastern Australia, but sees an upturn with the staged re-openings in NSW and Victoria.
Read MoreJames Hardie has raised its 2022 earnings forecast for the second time this financial year on the back of strong demand for its products from the booming US housing market.
Read MoreFor the year to September 30, the NAB says earnings bounced back strongly from 2020’s pandemic hit performance as lower bad and doubtful debt charges boosted returns.
Read MoreThree deals advanced to the closing rounds of their respective games yesterday, involving Sydney Airport, Senex Energy and Australian Pharmaceutical Industries.
Read MoreShares in Stanmore Resources soared as much as 24% on Monday and closed up 14% after announcing a deal to buy low grade metallurgical coal assets from BHP for $A1.8 billion.
Read MoreAustralian fertiliser group Incitec Pivot (ASX: IPL) says high gas prices are to blame for its decision to shut down its 50-year-old manufacturing plant on Brisbane’s Gibson Island.
Read MoreA mixed bag for commodities last week as gold rose to a two-month high, oil recovered but still showed a net loss, copper marked time, iron ore plunged and silver enjoyed a small gain.
Read MoreMore record finishes for Wall Street Friday on the back of the announcement regarding the effectiveness of Pfizer’s anti-Covid pill means the ASX should have a stronger opening this morning.
Read MoreFigures released Sunday again underlined the odd nature of the Chinese economy at the moment – weak in some key areas, rapidly rising prices, soft demand – but still managing to grow.
Read MoreFor yet another quarter, Warren Buffett’s Berkshire Hathaway has spent more money on buying back its own shares than those of other listed companies in the US or elsewhere.
Read MoreUS and Chinese CPI and PPI the focus again this week, along with profit reports and annual meetings in Australia, GDP reports, central banks and Covid Delta cases worrying parts of Europe, Asia and North America.
Read MoreThe transition to renewable energy sources is on in earnest, a trend expected to accelerate in the oncoming years. So what does this mean for the prices of traditional energy-based commodities in 2022?
Read MoreRising prices due to demand outstripping the availability of the necessary raw materials are but one challenge forcing those in the lithium and electric vehicle space to get creative, inventive and aggressive.
Read MoreIndifference seems to be the best way to characterise the gold market at the moment – investors still like the metal for its promise, but don’t want to hold as much as they previously did, especially in 2020.
Read MoreTwo news bites overnight Thursday – one a big surprise with the Bank of England not lifting interest rates, and the OPEC+ group adding 400,000 barrels a day to global production as expected.
Read MoreAustralian third quarter GDP looks almost certain to show a big fall when released in early December after retail sales saw a record slide in volume terms for the three months to September.
Read MoreA solid 30% rise in net earnings for the half year to September for building products group CSR saw the company’s shares hit levels not seen for 10 years or more on Thursday.
Read MoreSuncorp’s bill for the growing list of recent weather events has jumped sharply in the 8 days since it first revealed the large cost of a series of storms, as well as the Victorian earthquake in September.
Read MoreThe surge in coal and LNG prices in September partially offset the slide in iron ore prices and helped trim the expected big drop in the trade surplus for the month.
Read MoreShares in Domino’s Pizza dived more than 19% at one stage on Thursday after investors gave a very big thumbs down to comments at the company’s annual meeting on Wednesday.
Read MoreCrude oil futures led commodities lower on Wednesday as the latest figures on US production and stocks surprised on the downside and reports emerged of potential nuclear talks with Iran.
Read MoreWall Street ended at new highs as investors accepted the long-awaited decision from the US Federal Reserve to start tightening monetary policy by reducing its bond buying program, starting this month.
Read MoreAustralian-US packaging giant Amcor has reaffirmed its 2021-22 financial outlook after reporting that earnings rose in the three months to September, despite a sharp rise in raw material costs.
Read MoreShares in beleaguered financial group AMP jumped 9.3% to $1.175 Wednesday on news that it will sell its stake in its old AMP Life (now Resolution Life) for a small profit.
Read MoreThe ending of HomeBuilder and other government assistance in March and April has had the predictable effect of driving approvals for new private sector houses sharply lower in September.
Read MoreIAG has been hit hard by the recent spate of severe weather events across the country, to such an extent that the insurer has been forced to downgrade its 2021-22 profit outlook.
Read MoreGrowing signs of overheating in the New Zealand economy have increased the likelihood of another rate rise, with the country’s unemployment rate hitting a new multi-year low in the Sep quarter.
Read MoreGlobal iron ore prices fell to their lowest level since February, 2020, placing increasing pressure on the revenue and earnings of the industry majors, as well as at the governmental level.
Read MoreBHP is talking to Andrew Forrest’s Wyloo Metals about their respective bids for Noront Resources, which holds some of the most attractive prospects in the emerging Ring of Fire province in Canada.
Read MoreBrazilian mining giant Vale has sprung a major surprise by writing down the “full value” of its coal mining interests to leave it on the verge of ending its involvement with coal completely.
Read MoreThe RBA has dropped a key part of its monetary policy framework to support the Australian economy, but left in place the record low cash rate of 0.10% and bond purchase commitment.
Read MoreProblems at both its Tanami and Boddington mines meant Australia was the major weak point in the three months to September for Newmont, the world’s top gold producer.
Read MoreUpgrades from Goodman Group and Charter Hall reveal that the pandemic is now delivering good times in the rebound phase for the property sector after crimping activity in 2020.
Read MoreFortescue Metals Chairman Twiggy Forrest is continuing his global Green Hydrogen tour with news on Monday of a potential $US8.4 billion green hydrogen deal in Argentina.
Read MoreWestpac shares were hammered yesterday, losing more than 7% in value as investors looked through the higher earnings, higher dividend and share buyback to focus on rising costs.
Read MoreAusNet Services has thrown in the towel and agreed to an improved takeover offer from a consortium led by Canadian investor Brookfield Asset Management over a rival proposal from APA Group.
Read MoreFresh off refinancing their bank debt last week, Kerry Stokes’ Seven West Media yesterday announced plans to buy the assets of its NSW regional affiliate Prime Media Group.
Read MoreThe Caixin/Markit survey of Chinese manufacturing surprised yesterday with the best reading for four months, directly contradicting the official National Statistics Bureau survey on Sunday.
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