May 29, 2024

ConocoPhillips has agreed to acquire Marathon Oil in an all-stock deal valued at $22.5 billion, including debt, as consolidation continues to reshape the US oil sector. This acquisition will provide Conoco, one of the world’s largest independent oil and gas producers, with a broad range of assets from North Dakota to Texas, strengthening its position […]

BHP (ASX:BHP) shares rose slightly after it withdrew from its attempt to buy Anglo American, but the latter’s shares fell nearly 4% in the wake of its refusal to continue talking on the proposal from the world’s biggest miner. Wednesday saw BHP issue a statement at 3:56 pm Sydney time outlining a request for a

Another solid performance from AI darling Nvidia was not enough as stocks were broadly lower on Wednesday with Treasury yields continuing to edge higher on the return of concerns around sticky inflation and Fed rate cut timing. The Dow Jones closed 1.06 per cent lower, the S&P 500 fell 0.74 per cent its first negative

BHP Group (ASX:BHP) disclosed a revised proposal for merging with Anglo American plc (Anglo American), and in response, the Board of Anglo American extended the offer deadline to the 29th of May 2024. BHP welcomed this extension as an opportunity to address concerns raised by Anglo American regarding its proposal. Since then, BHP has engaged

Australian shares slumped to a three-week low as the pace of inflation unexpectedly rose in April, diminishing investor expectations for an interest rate cut by the Reserve Bank this year. The benchmark S&P/ASX 200 dropped 1.3 per cent to 7665.6, with all 11 sectors declining, mirroring losses in consumer staples and industrials, leaving the index

The widespread autumnal rains in March and April across much of Eastern Australia helped bump inflation up for the second successive month in April. But they didn’t do it alone. There was a 7.5% jump in rents as government attempts to help millions of people who don’t own their own homes, again failed. The Australian

The International Monetary Fund has turned a bit bullish on China’s economic outlook. On Wednesday, the Fund lifted its estimate for China’s growth this year to 5%, which aligns with the forecast from the government of President Xi Jinping. The IMF stated that the upward revision, from the previous estimate of 4.6%, was due to

Fonterra (ASX:FSF), the huge New Zealand-based dairy giant, might be on the retreat globally with a string of asset sales, but as far as the immediate outlook is concerned, it’s quite upbeat. Wednesday saw it reveal a slightly higher first estimate of its key farmgate milk price for the coming season, lift its earnings forecast

Blair Kirkhope, Head of Sequoia Specialist Investments Pty Ltd (”SSI”) Blair has over 22 years of financial markets experience and has been running SSI, one of Australia’s leading issuers of structured products and a wholly owned subsidiary of the Sequoia Financial Group Ltd (ASX:SEQ), since October 2017. Based on Blair’s extensive knowledge of various quantitative

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the US election. Key pointsThe run up to the 5th November US election could see increased share market volatility if Trump remains ahead and investors focus on the risks of a new trade war and a hit to the US labour force