May 2024

Winston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector. Topics discussed include:Data points and their effects on US marketsImpact of the election on UK marketsKey discussions in the property sectorGeopolitics and the Aussie REITs sectorWhat to look forward to on the property front Disclaimer: Sequoia Financial Group (ASX:SEQ), […]

Australian shares opened lower on Friday, declining by 0.93 per cent by 11:35am due to weakness in commodities and following a sell-off on Wall Street. Iron ore prices fell below $US119 a tonne, while gold dropped below $US2340 an ounce amid reduced expectations for US rate cuts and rising bond yields. BHP, Mineral Resources, andEvolution

The evolving global economic landscape with insights from Jim Chronis. From growth projections to geopolitical risks, and Australia’s economic trajectory. Paul Sanger: Hi, I’m Paul Sanger for the Finance News Network, and today we’re talking with Ausbil chief economist, Jim Chronis. Jim is responsible for macroeconomic research and strategy. Jim also manages the Ausbil Balanced

In a significant turn of events within Australia’s mining sector, Resources Minister Madeleine King and West Australian Premier Roger Cook have voiced strong criticism against BHP (ASX:BHP), one of the nation’s leading mining companies. Their discontent stems from BHP’s contemplation of either closing down or selling its Nickel West operation, a move that could potentially

While Chile’s SQM, the world’s second-biggest lithium player, has joined the list of companies in this key renewable metal to report a slump in sales revenues and weak to no earnings and losses for the three months to March 31, it is more upbeat about the rest of 2024 than the rotten results might suggest.

US stocks experienced a downturn on Thursday, marking the Dow Jones Industrial Average’s worst performance of 2024, as a post-earnings boost from Nvidia failed to uplift the broader market sentiment. The Dow declined 1.53 per cent, closing at 39,065.26 for its lowest session of the year. Boeing emerged as the biggest drag on the Dow,

The Australian stock market experienced a decline on Thursday, attributed to concerns raised by the latest US Federal Reserve meeting minutes regarding the pace of disinflation. This led to profit-taking in commodities. The S&P/ASX 200 closed 0.5% lower, tracking losses on Wall Street, as the Fed minutes suggested a willingness to tighten policy further if

Discount retailer The Reject Shop (ASX:TRS) is expecting a more than halving in earnings for the year ending June 30, despite reporting reasonable sales growth for the latest quarter and financial year to date. In an update to the ASX on Thursday, the retailer stated it expects full-year EBIT (Earnings Before Interest and Tax) and,

Accounting software multinational Xero (ASX:XRO) has reaped the benefits of the restructuring and management change a year or so ago and the new direction she brought to the group. CEO Sukhinder Singh Cassidy was named CEO in late 2022 and started in early 2023 with a dramatic set of changes for the company, which was

A four-cent unfranked dividend for shareholders in the ag chemicals business Nufarm (ASX:NUF), and the promise of a pickup in the current second half as it expects an upturn in its crop protection business. But that second-half pickup will still leave Nufarm’s earnings well short of 2022-23’s level. The company told the market on Thursday