May 8, 2024

Markets traded close to flat on lighter newsflow as reporting season now nears its end. The Dow Jones was the only one of the major indexes to finish in the green and extended its winning streak to six days. The Dow closed 0.44 per cent higher. The S&P 500 closed unchanged and the Nasdaq just […]

BHP’s (ASX:BHP) ambitions to buy Anglo American are facing problems in Brazil – not from competition and ownership concerns over Anglo’s iron ore business in that country, but from the growing argument with the government over compensation for the 2015 Samarco dam wall collapse and disaster. BHP and its Brazilian iron ore rival, Vale, have

De Grey Mining (ASX:DEG) seeks a massive $600 million from shareholders to establish the foundation for the debt required to finance its $1 billion-plus Hemi gold mine in the WA Pilbara. The equity raising, as stated in a release to the ASX by De Grey, will involve the issuance of 545.5 million shares. This includes

Tesla might be the world’s most valuable carmaker by market value, but Japan’s Toyota Motor has confirmed its giant status when it comes to sales, revenues, and earnings, completely outclassing Elon Musk’s tattered company. Wednesday saw Toyota reveal a record net profit for the year ending March 31 of 4.9 trillion yen ($US31.8 billion), double

Markets were taught a lesson in the turn-of-the-century’s dot-com bubble. Over excitement and massive investment in companies that hardly really existed, let alone made worthwhile returns, resulted in a traumatic correction. But is it happening again? With the high-profile technology companies — widely known as the ‘Magnificent Seven’ —providing huge returns in 2023, some observers

On Wednesday, gains in the tech and property sectors were counterbalanced by declines in the mining sector, following a 1.4 per cent increase in shares on Tuesday, prompted by the Reserve Bank’s decision to maintain interest rates and indicate data-dependent rate adjustments. Perpetual (ASX:PPT), headquartered in Sydney, witnessed the sharpest drop on the benchmark index,

Companies discussed include: National Australia Bank (ASX:NAB)Westpac Banking Corporation (ASX:WBC)Lyft

Tesla’s sales problems in China are not going away, and it continues to lose ground against its big Chinese rival, BYD, which is now outselling Elon Musk’s company in the core product: pure battery-powered vehicles. After a weak start to 2024, Tesla saw a strong rebound in March, only to see a slide in April,

Perpetual (ASX:PPT) has confirmed the breakup deal it has struck with the US private equity giant, KKR. In a statement to the ASX on Wednesday morning, Perpetual said it had agreed to a deal with KKR & Co. for the sale of its wealth management and corporate trust units for A$2.175 billion (US$1.43 billion). The

Even China can’t stomach spending too much money buying gold at record levels – something the players in the gold market forgot when they reported this week that the country’s central bank made another purchase in April. Rather than a significant buy, the reported purchase of just 60,000 ounces was the lowest in at least