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Return of the trade wars: Trump threatens Mexico and Canada with tariffs

President-elect Donald Trump has announced plans to impose significant tariffs on goods from Mexico, Canada, and China immediately upon taking office on 20 January. Citing concerns over illegal immigration and the fentanyl crisis, Trump pledged a 25% tariff on all imports from Mexico and Canada and an additional 10% tariff on Chinese goods, escalating tensions […]

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Sequoia Financial Group (ASX:SEQ) annual general meeting, November 2024

Sequoia Financial Group Limited (ASX:SEQ) Managing Director and CEO Garry Crole and Chairman Mike Ryan present at the company’s 2024 AGM. FY24 result highlights: Revenue: $124.6m, +26% on PCP Operating profit: $8.7m, +88% on PCP NPAT: $24.0m, +1,012% on PCP Operating cashflow: $4.8m, +69% on PCP DPS: 4.5 CPS (normal) Net cash: $16.8m, +79% on

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Revenue surges at Gentrack Group, but profits stay grounded

Gentrack Group (ASX:GTK) has delivered impressive revenue growth for the year ending 30 September 2024, with group revenue rising 25.5% from $169.9m in 2023 to $213.2m. This was driven by strong demand across its utilities and airport management software segments, bolstered by new customer wins and upgrades. However, cost pressures tempered the overall results. EBITDA remained

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Dow Jones, S&P 500 hit new highs; ASX to open higher

A broad stock rally propelled the Dow Jones, S&P 500, and small-cap focused Russell 2000 index to new record highs on Monday. Investors were optimistic that President-elect Donald Trump’s selection for Treasury Secretary, Scott Bessent, would steer the economy effectively without triggering inflation. The Dow rose 440.06 points, or 0.99 per cent, to 44,736.57. The

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$1m refund for INOVIQ’s cancer research

INOVIQ (ASX:IIQ) has received a $1.018m refund under the Australian Government’s Research & Development (R&D) Tax Incentive program for the fiscal year ending 30 June 2024. The refund reflects $2.7m spent on eligible R&D activities, excluding certain overseas expenditures. The Melbourne-based company specialises in developing diagnostics and therapeutics for cancer. Among its advancements is the

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Altech secures second offtake agreement for CERENERGY GridPacks

Altech Batteries (ASX:ATC) has signed a second Offtake Letter of Intent for its CERENERGY GridPack Battery Energy Storage System, marking a significant step in its commercialisation efforts. The agreement is with Referenzkraftwerk Lausitz GmbH (RefLau), a joint venture between German renewable energy firms Enertrag SE and Energiequelle GmbH. This follows Altech’s initial offtake agreement, announced

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UniCredit throws a curveball with 10.5bn BPM bid

UniCredit (BIT:CRDI) has launched a surprise €10.5bn all-share bid for its domestic rival Banco BPM (BIT:BAMI), sparking political backlash and concerns about the impact on Italy’s broader banking strategy. The move could disrupt government plans to consolidate Banco BPM with the state-owned Monte dei Paschi di Siena (MPS), creating a third major player in Italy’s

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Macy’s uncovers $154m accounting error

Macy’s (NYSE: M) has delayed its fiscal third-quarter earnings release after discovering that an employee hid between $132m and $154m in delivery expenses over several years. The retailer announced on Monday that the employee responsible for small-package delivery expense accounting made “erroneous accounting accrual entries” from late 2021 through the quarter ending 2 November 2024.

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