Qantas (ASX:QAN) Chair Richard Goyder is set to respond to persistent calls for his departure from the board, with his exit planned for just over a year from now. The airline has made it clear that they won’t attempt to sugarcoat this significant change, referring to it as “board renewal.” In a statement issued on […]
Qantas Chair Richard Goyder to depart amidst board renewal Read More »
Gina Rinehart’s Hancock Prospecting has inched closer to acquiring a 19.9% stake in Liontown Resources (ASX:LTR), pending a potential bid from US lithium giant Albemarle at $3 per share. Last night, Hancock Prospecting disclosed an increase in its Liontown stake to 18.36%, just two trading days after it reported a boost to 16.69%. The company
Hancock Prospecting nears 19.9% stake in Liontown Resources Read More »
US stocks rose Tuesday, boosted by declines in Treasury yields as Wall Street assessed the geopolitical risks from the Israel-Hamas war. The benchmark 10-year Treasury yield fell nearly 13 basis points to about 4.65 per cent, as investors sought safe assets amid the conflict. Yields and prices move in opposite directions. The move reflected the
US stocks close higher amid falling Treasury yields Read More »
According to the latest World Economic Outlook (WEO) from the International Monetary Fund (IMF), China and the EU are identified as the weak points in the global economy for 2024, with the US playing a stabilising role. China’s ongoing property crisis remains a concern, while the impact of the Israel-Hamas conflict on the global economy
IMF Outlook: China and EU’s vulnerability in global economy for 2024 Read More »
11 Oct 2023 – US stocks rose Tuesday, boosted by declines in Treasury yields as Wall Street assessed the geopolitical risks from the Israel-Hamas war. The benchmark 10-year Treasury yield fell nearly 13 basis points to about 4.65 per cent, as investors sought safe assets amid the conflict. Yields and prices move in opposite directions.
US stocks close higher amid falling Treasury yields Read More »
Iron ore and coking coal futures slid to six-week lows in Asia on Tuesday as China returned to business after the eight-day holiday last week, and traders concluded that not much had changed. The struggling property sector remains a concern, with concerted talk of cutting steel production as Chinese mills struggle to maintain margins. Other
Iron ore and coking coal prices drop in Asia amid China’s return Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses shares and bonds. Key pointsThe rise in bond yields has left shares offering a low risk premium over bonds leaving them at risk of more softness.The conflict in Israel has added to the risk, although the threat should be minimal if Iran
1987 vs now – rising bond yields (& war in Israel) and the risks for shares Read More »
In September, the Australian economy exhibited increased resilience by the end of the quarter, despite signs of weakening price and labor cost pressures, as reported in the latest national business survey by the National Australia Bank (ASX:NAB). NAB economists noted that the survey, overall, continued to indicate “ongoing resilience in activity,” as conditions dipped slightly
Aussie economy resilient Read More »
Antipa Minerals (ASX:AZY) has commenced phase two drilling at its Minyari Dome gold-copper project in Western Australia’s increasingly prospective Paterson province. The Paterson province already hosts several existing or highly prospective finds. Newcrest’s veteran Telfer mine is located there, with the Havieron prospect just 35 kilometers away (owned by Newcrest and Greatland Gold). To the
Phase two drilling at Minyari Dome gold-copper project Read More »
The S&P/ASX 200 surged back above 7000 on Tuesday, driven by a shift in rhetoric from US Federal Reserve members towards a more dovish stance and signs of easing inflation. The benchmark closed 1% higher at 7040, marking its best one-day performance this month, following comments suggesting reduced pressure for the US central bank to
ASX closes 1% higher following rhetoric from US Fed Read More »
