A decade ago, amid the turmoil of the Greek economy and society following the departure of the inept Socialist government in 2009, there was widespread anticipation of a catastrophic crash. Economists and analysts from various corners of the world forewarned of doom not only for Greece but also for the euro, the EU, and the […]
From Greek crisis to credit upgrade: a decade of resilience Read More »
Silver Lake Resources (ASX:SLR) made a bold move by securing an 11% stake in Red 5, at an approximate cost of $70 million. This decision, however, triggered nervous investors who witnessed a $75 million reduction in the company’s share market value. On Monday afternoon, Silver Lake unveiled its strategic acquisition, causing its shares to plummet
Silver Lake Resources acquires stake in Red 5 Read More »
Gold miner Newmont Corp has taken a significant step toward acquiring Newcrest (ASX:NCM) with its A$26 billion all-paper takeover offer, as Australia’s Foreign Investment Review Board (FIRB) has approved the deal. This marks the second crucial approval from Australian regulators in a month, following the green light from the ACCC in August. Japan’s Fair Trade
Newmont’s $26 billion takeover of Newcrest clears Australian regulatory hurdles Read More »
19 Sep 2023 – US stocks have closed near the flat line Monday as investors geared up for the Federal Reserve’s meeting scheduled for later in the week.
US stocks mostly flat: Global mining M&A set to reach highest level in decade Read More »
The deepening split between A2 Milk (ASX:A2M) and Synlait, its key infant formula supplier, wiped tens of millions of dollars off the market value of both companies on Monday when Synlait escalated the argument. This came after A2 Milk revealed it had started the process to end a key exclusive supply deal. Shares in Synlait
A2 Milk and Synlait feud shaves millions off market value Read More »
US stocks have closed near the flat line Monday as investors geared up for the Federal Reserve’s meeting scheduled for later in the week. The S&P 500 inched higher by 0.07 per cent to 4,453.53, while the Nasdaq Composite added 0.01 per cent to finish at 13,710.24. The Dow Jones Industrial Average advanced 6.06 points,
US stocks mostly flat: Global mining M&A set to reach highest level in decade Read More »
On Monday, a widespread sell-off, primarily driven by the technology sector, dragged down the overall share market. At the closing bell, the S&P/ASX 200 was 0.67 per cent lower at 7,230.40. The ASX tech sector experienced its worst single-day performance of the month, plummeting by 2.7%. In fact, all 11 ASX sectors ended the day
ASX closes 0.67% lower driven by sell-off in tech Read More »
18 Sep 2023 – Afternoon update: ASX down 0.58% with Tech getting slammed
Afternoon update: ASX down 0.58% with Tech getting slammed Read More »
The S&P/ASX 200 is trading 0.58 per cent lower at 7,237.00. Futures The SPI futures are down 50 points. Best and worst performers All sectors are in the red. The sector with the fewest losses is Utilities, down 0.17 per cent. The worst-performing sector is Information Technology, down 2.46 per cent. The best-performing large cap
Afternoon update: ASX down 0.58% with Tech getting slammed Read More »
Costa Group’s private equity pursuer, Paine Schwartz Partners, has now tabled a ‘non-binding’ offer of $3.20 per share for Australia’s leading fruit and vegetable supplier. Paine Schwartz Partners (PSP) expressed their interest on July 4, and since then, Costa has been in discussions with the American buyout firm to finalise due diligence. The suggested $3.20
Paine Schwartz offers $3.20/share for Costa Group Read More »
