Stocks climbed for a second consecutive session on Wednesday, with the S&P 500 and Dow Jones Industrial Average reaching record highs as technology shares surged and investors brushed aside geopolitical worries. The S&P 500 rose 0.71 per cent, closing at 5,792.04 after hitting an all-time peak, while the Nasdaq Composite increased by 0.6 per cent […]
S&P 500 reaches another record high Read More »
Chinese stocks caught up with Hong Kong on Wednesday, falling sharply as the Chinese government’s attempts to convince the world that it was interested in stimulating a moribund economy failed for a second consecutive day. The mainland CSI 300 dropped more than 7%, the Shanghai market lost over 6%, and Hong Kong’s Hang Seng Index
Chinese stocks plummet as stimulus hopes fade Read More »
Having put the NZ economy to sleep, the country’s central bank is now trying to stop it sliding further into a freeze with a 0.5% cut in the official cash rate to back up the August trim of 0.25%. The latest cut puts the official cash rate at 4.75% as the central bank’s monetary policy
Waking the Kiwi economy Read More »
A halfway split would be one way of describing the takeover price Rio Tinto (ASX:RIO) will pay to take control of Arcadium (ASX:LTM). It will cost Rio US$6.7 billion (A$9.9 billion), which is more than the US$4 billion or so the company was trading it before news broke last week of Rio’s interest, but not
Rio takes a shot at Arcadium Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the US election. Key points:The US election has significant potential to impact markets. A Harris victory would mean more of the same, but a Trump victory could lead to uncertainty particularly around trade.Australia would be vulnerable to a rapid intensification of trade
Harris versus Trump – implications for investors and Australia Read More »
Newmont Corporation (ASX:NEM) has made a second major asset sale in a couple of months as it continues to integrate last year’s Newcrest takeover. Unlike the first sale in September of former Newcrest assets in the shape of the Telfer mine in WA and the nearby Havieron prospect, this latest deal involves one of Newmont’s
Newmont sells Ghana gold asset Read More »
Tesla has been running a five-year interest-free loan promotion this year. But figures released this week by the China Passenger Car Association paint a bigger picture – Tesla’s price cuts and other measures are a tiny part of what is now a full-on price brawl. Association secretary-general Cui Dongshu said in a social media post
Powering down prices in Chinese EV market Read More »
Woodside Energy has a new name for its latest US LNG interest and is targeting a final investment decision (FID) some time next year for the Louisiana-located project. Woodside yesterday told the market it has completed the acquisition of Tellurian and its Driftwood LNG project for US$1 a share or US$900 million (around A$1.2 billion).
Turning Driftwood into LNG gold: Woodside expands in the US Read More »
One of the longest and noisiest takeover battles at the bottom end of the market has ended with French agri commodities giant Louis Dreyfus Company (LDC) getting control of Namoi Cotton after the bid from Singapore-based rival, Olam Agri Holdings, lapsed. LDC last week emerged as the winning bidder after lifting its offer price to
Olam’s bid unravels: LDC’s cotton conquest Read More »
Australian shares opened higher, driven by a strong rally in consumer and utilities stocks, despite ongoing disappointment with China’s latest efforts to stimulate its economy. At 11:35am, the S&P/ASX 200 is 0.46 per cent higher at 8,214.60. The SPI futures are pointing to a rise of 39 points. Best and worst performers The best-performing sector
ASX is up 0.46% near noon: Utilities up, Energy down Read More »
