Commonwealth Bank senior economist Belinda Allen anticipates the Reserve Bank of Australia (RBA) will reduce the cash rate by 25 basis points to 3.60 per cent next Tuesday. Allen describes the decision as “straightforward” due to recent data confirming inflation is decreasing as forecast. Commonwealth Bank is a multinational bank providing various financial services, including […]
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Schroders Australia is cautioning investors that markets are underestimating the potential for a sharp economic slowdown in the United States. Kellie Wood, the head of fixed income at Schroders Australia, voiced concerns that current market valuations do not adequately reflect weakening demand and other concerning economic indicators. Schroders is a global asset management firm offering
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Block Inc., the payments company led by Jack Dorsey, reported a surge in profit and growth for its second quarter, boosted by increased spending through Afterpay. Block has also integrated artificial intelligence features into its Square terminals, enabling sellers to access sales data through voice commands. Dorsey announced on an investor call that Block is
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Apple shares have experienced a significant two-day surge, bringing them close to breaking a key technical threshold. This follows President Trump’s announcement that Apple intends to invest an additional $US100 billion ($154 billion) in domestic manufacturing to mitigate tariff risks. The iPhone maker’s stock has jumped as much as 8.2 per cent over the trading
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Atlassian, the Sydney-based software giant, has reported a 20 per cent increase in revenue for the last financial year, reaching $US5.2 billion ($8 billion). Simultaneously, the company’s losses decreased to $US256.7 million, compared to $US300.5 million in the previous year. Atlassian is a software company that develops products for software developers and project managers. Its
Atlassian’s Revenue Climbs, Losses Narrow Read More »
Signature Resources (TSX-V:SGU) is actively advancing its Lingman Lake Gold Project in northwestern Ontario. In a recent interview, CEO Dan Denbow discussed the company’s strategic approach to remote exploration, highlighting the impact of owning drill rigs on reducing exploration costs. Signature Resources is an exploration and development company focused on high-grade gold assets in northwestern
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Schroders Australia is cautioning investors that markets are underestimating the potential for a sharp economic slowdown in the United States. Kellie Wood, the head of fixed income at Schroders Australia, voiced concerns that current market valuations do not adequately reflect weakening demand and other concerning economic indicators. Schroders is a global asset management firm offering
Schroders Warns of US Economic Slowdown Read More »
The Australian sharemarket experienced a sharp decline on Friday morning, driven by renewed trade tensions initiated by US President Donald Trump and higher-than-anticipated inflation figures in the United States. President Trump’s decision to increase tariffs on key trading partners, including a rise from 25 to 35 per cent on Canadian imports, coupled with a 10
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The Star Entertainment Group (ASX: SGR) has announced the termination of its binding Heads of Agreement (HoA) with joint venture partners Chow Tai Fook Enterprises Limited and Far East Consortium International Limited, effective today. The Star Entertainment Group owns and operates casinos and entertainment facilities. The HoA concerned The Star’s ownership interests in the Destination
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BirdDog Technology Limited (ASX: BDT), a company specialising in video technology solutions that enhance the quality, speed and flexibility of video content, has announced an equal access off-market buy-back offer to eligible shareholders. The buy-back allows shareholders holding shares as of the record date to sell their shares back to the company at a price
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