Author name: laprivate_admin

Oil prices have jumped significantly following the United States’ announcement of sanctions targeting Russia’s largest oil companies. West Texas Intermediate (WTI) soared by as much as 6.2 per cent, exceeding $US61 a barrel. This surge marks the most substantial single-day increase since the beginning of the Israel-Iran conflict on June 13. The US government has […]

The Trump administration has commenced preliminary discussions with quantum computing companies regarding potential financial assistance. This move aims to bolster an industry considered crucial in the escalating technological competition with China. Commerce Department officials have reportedly engaged with industry executives to explore leveraging Chips Act funding to support projects and companies deemed vital to national

James Rodda, portfolio manager of Antipodes Partners’ global small and mid-caps fund, oversees a firm managing over $20 billion in assets. Antipodes Partners is a global investment manager offering a range of investment strategies. The firm focuses on delivering long-term returns for its clients through a value-oriented approach. Rodda spotlights GCC, a Mexican-listed cement producer,

Insignia Financial has announced that its funds under management and administration (FUMA) reached $340.5 billion as of September 30. This represents an increase of $10.2 billion, or 3.1 per cent, for the quarter. The company is an Australian financial services firm that provides a range of wealth management and investment solutions. It operates through multiple

Gold prices have declined for a third consecutive day, edging closer to the $US4000 an ounce mark amid growing concerns that the extended rally had become overheated. Spot gold slipped to around $US4090 an ounce in early Asian trading on Thursday, reinforcing a technical reset. Investors are also considering the potential for a US-China trade

Oil prices have surged following the United States’ announcement of sanctions on Russia’s largest oil producers. This move comes as President Donald Trump increases pressure on Vladimir Putin to negotiate an end to the conflict in Ukraine. Brent crude jumped as much as 2.9 per cent, exceeding $US64 a barrel, while West Texas Intermediate also

Shares in Fortescue Metals Group experienced a slight dip of 0.3 per cent after initial gains, despite a healthy September quarter. According to Morgans deputy head of research, Adrian Prendergast, Fortescue’s shipments of 49.7 million tonnes marginally exceeded expectations during the period. Fortescue Metals Group is a global leader in the iron ore industry, committed

BHP Group Chairman Ross McEwan has dismissed recent speculation of a dispute with China over iron ore pricing, stating the miner has a “pretty good” relationship with the country. His comments come amid concerns about potential shifts in currency denomination for iron ore sales. BHP is a leading global resources company, extracting and processing minerals,

Shares in Guzman y Gomez (GYG) have experienced a sharp decline, prompting concerns about the company’s valuation despite surpassing $1 billion in revenue. According to HLB Mann Judd Sydney partner Simon James, the recent 18 per cent single-day drop may indicate both an anticipated market adjustment and deeper valuation issues. Guzman y Gomez is a

The Australian Competition and Consumer Commission (ACCC) has blocked the proposed acquisition of Konvoy Kegs by US-based MicroStar, the owner of rival Kegstar. MicroStar, the largest independent keg services company in the US, entered the Australian market in 2021 when it acquired Kegstar from Brambles. The ACCC’s decision prevents the merger of the two major