Shipping Steel, Shipping Steel
For the second month in a row, China’s crude steel output hit a monthly high in May as producers shrugged off record iron ore prices and attempts by the government to limit production and emissions.
Read MoreFor the second month in a row, China’s crude steel output hit a monthly high in May as producers shrugged off record iron ore prices and attempts by the government to limit production and emissions.
Read MoreChina’s final drop of economic data for May was, as we have seen for the past couple of months, mixed and less buoyant than forecast.
Read MoreInsurance Australia Group surprised investors on Wednesday with a jump in its claims – this time from last weekend’s floods in southern Victoria.
Read MoreThe ASX 200 has risen for a fourth session in a row with the index hitting a new intraday record high before finishing with a closing high.
Read MoreBig fund managers believe the current burst of inflation will be temporary, and trades lasting longer are now ‘overdone’, according to Bank of America’s Global Fund Manager Survey for June.
Read MoreThe Dow Jones index closed down by 94 points or 0.3%. The S&P 500 index lost 0.2% after briefly hitting a record intraday high. And the Nasdaq index was lower by 101 points or 0.7%.
Read MoreWith inflation a credible risk for the first time in three decades, VanEck’s Joe Foster has a look into what this might mean for the yellow metal over the rest of 2021 and beyond.
Read MoreA number of updates emerged after the long weekend, with the headline act coming from metal recycler Sims Ltd, which produced its second earnings upgrade in the past year.
Read MoreFresh on the heels of chief financial officer Stephen Doyle exiting the business, data forensics group Nuix has now lost chief executive officer Rod Vawdrey as well.
Read MoreShares in struggling Melbourne-based retail supplies group McPherson’s plunged 20% at one stage yesterday after the company’s would-be bidder pulled its offer.
Read MoreUS private equity firm Oaktree has finessed its approach to buy James Packer out of Crown by offering to lend Crown the money to finance the buyback.
Read MoreJanus Henderson Director of Equities Research Matt Peron explains why this year’s equities’ gains are built on a positive earnings outlook for both cyclical and secular stocks.
Read MoreThe Australian sharemarket rose by close to 1%, moving higher for a third day and hitting a fresh record high thanks to all sectors gaining ground.
Read MoreThe Bank of Queensland has joined its larger peers, slicing its collective provisioning for the 2020-19 year by $75m thanks to the improved economic outlook.
Read MoreAustal has cut its full-year guidance, blaming the impact of supply chain disruptions for its shipyards and the expected costs or possible fines from recent regulatory legal action.
Read MoreIn his weekly Bites column, David Bassanese from BetaShares gives us a rundown of what’s happening in markets, both local and global.
Read MoreASX200 up 62 points (0.8%) to 7374. Fortescue (+2.2%); in talks with the Congo Govt about developments in the country. No agreement has yet been concluded.
Read MoreMuch-hyped US startup Lordstown Motors has lost its CEO and CFO only days after the company warned that it may not be a going concern without a major wedge of new capital.
Read MoreWT Financial Group Limited (ASX: WTL) this morning announced it will acquire 100% of national financial adviser dealer group, Sentry Group Pty Ltd.
Read MoreThomas Rice, portfolio manager for the Perpetual Global Innovation Share Fund provides his regular wrap of technology, innovation, and finance news.
Read MoreThe Dow Jones index closed down by 86 points or 0.3%. But the S&P 500 index rose by 0.2% to a record closing high. And the Nasdaq index was higher by 105 points or 0.7%, hitting an all-time closing high.
Read MoreThose in the markets with short memories have started talking about the possibility of ‘oil at $US100 a barrel’ as prices continue to rise past $US70 a barrel mark.
Read MoreThe prospects of BHP’s huge Chilean copper mining and processing business being hit with a damaging series of strikes has been averted after last minute deals with its unions.
Read MoreWhile the outcome of this week’s two-day meeting of the Fed will dominate market attention, for Australia there is an important reminder about the health of our own economy.
Read MoreDespite a slippage in total car sales in May, China continues to do its utmost to stimulate sales of what it calls New Energy Vehicles (NEVs), which again surged thanks to government subsidies.
Read MoreMore questions for embattled tech stock Nuix with media reports yesterday claiming that Chief Financial Officer Stephen Doyle has left the company under dubious circumstances.
Read MoreCatch up on the full webinar with presentations from Race Oncology (ASX:RAC), Imugene (ASX:IMU), Auderea (ASX:AUA) & Brainchip (ASX: BRN
Read MorePresenter – Daniel Tillett – Chief Scientific Officer & Executive Director – Race Oncology is a precision oncology company with a Phase II/III cancer drug called Bisantrene. The drug is a potent small molecule inhibitor of the Fat mass and obesity associated (FTO) protein.
Read MorePresenter – Leslie Chong – CEO & Managing Director – Imugene is a clinical stage immuno-oncology company developing a range of new treatments that seek to activate the immune system of cancer patients to identify and eradicate tumors.
Read MorePresenter – James Fielding – CEO – Audeara Limited is a technology company that has developed a hearing profile algorithm used to personalise sound output to the needs of the individual.
Read MorePresenter – Peter van der Made – Founder & CEO – BrainChip is a global technology company that is revolutionizing Edge AI applications with their event domain neural processor & comprehensive development environment.
Read MorePremier Investments has lifted its revenue and earnings guidance for the 2020-21 financial year, seemingly having escaped the sluggish sales other retailers have been talking about.
Read MoreWith just under three weeks to go to the end of the 2020-21 financial year, corporate regulator ASIC has revealed its hit list for June 30 reporting companies.
Read MoreIn his regular Insights column, AMP Capital Chief Economist Dr Shane Oliver follows up his earlier Inflation Q & A article with another look at the metric that seems to be haunting markets at the moment.
Read MoreWe understand you are busy and may not have been left with enough time to keep up with the quality content we’ve been bringing you throughout the week. So here it is in one handy location. You’re welcome.
Read MoreAustralia’s iron ore exports to China from Port Hedland hit their highest level in 11 months in May despite Chinese attempts to undermine trade and suppress prices.
Read MoreThe Australian sharemarket edged higher on Friday, extending the ASX 200’s winning streak to a fourth week and ending the day at another record close.
Read MoreSomething to chew on for the Fed next week after US consumer prices rose by the most in nearly 13 years in May to reignite concerns about inflation.
Read MoreASX200 down 9 points (0.1%) to 7293. AMP (-0.4%); has named Shawn Johnson as CEO of AMP Capital. He is a former US Navy lieutenant and ex-State Street.
Read MoreAt the close of trade, the Dow Jones index was up by 19 points or 0.1%. The S&P 500 index climbed by 0.5% to a record closing high. And the Nasdaq index was higher by 108.5 points or 0.8%.
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