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Web Travel’s efforts to reassure investors following the disclosure of a Spanish tax audit have done little to reduce near-term uncertainty, according to RBC Capital Markets analyst Wei-Weng Chen. Despite the company maintaining its financial guidance, caution remains warranted. Web Travel is a global travel company operating primarily in the online travel sector. It provides […]

Global investors are increasingly turning away from the Australian sharemarket, favouring North Asian markets driven by the artificial intelligence revolution and significant corporate governance reforms. This shift sees investments flowing into countries like South Korea and Taiwan, marking a change from broad regional bets to specific exposure to chipmakers and robotics. Equity strategists attribute this

The Australian dollar has achieved its first weekly close above US70¢ in more than three years. This milestone was underpinned by a hawkish Reserve Bank of Australia (RBA) and the currency’s resilience amidst a volatile week across global markets. According to IG market analyst Tony Sycamore, the Australian dollar concluded last week at US70.13¢, representing

The Australian sharemarket experienced its most significant single-day gain since April, as investors returned to technology and mining stocks following a substantial sell-off the previous week. The S&P/ASX 200 Index jumped 166.4 points, a 1.9 per cent increase, reaching 8875.2 by mid-afternoon AEDT, with all sectors showing positive movement. This surge follows a sharp 2

Seek has significantly reduced the valuation of its investment in Zhaopin, a Chinese jobs platform, by over $350 million. The write-down reflects the impact of sluggish economic growth and intensifying competition within China’s employment market. Seek, an Australian company and the nation’s largest employment portal, first invested in Zhaopin in 2006, acquiring a 25 per

New Zealand is set to begin importing liquefied natural gas (LNG) by 2027 or early 2028, following the government’s announcement of a plan to construct an LNG import terminal in Taranaki. This region is central to the country’s gas industry. The project, estimated to cost over $NZ1 billion ($A860 million), is expected to create a

Household spending in Australia experienced a 0.4 per cent decline in December, according to recent data released by the Australian Bureau of Statistics. This downturn follows substantial increases of 1 per cent in November and 1.4 per cent in October, indicative of changing consumer behaviour influenced by significant sales events. Specific sectors saw notable changes.

Australia’s private credit market is expected to experience strong growth in 2026, potentially bolstered by further interest rate increases from the Reserve Bank of Australia. According to Peter Szekely, managing partner at Tanarra Credit Partners, these rate hikes would support returns on floating-rate private credit investments. Tanarra Credit Partners is an Australian credit-focused alternative asset

Car Group’s half-year results have been described as ‘solid’ by Citi analyst Siraj Ahmed, with particular strength noted in top-line growth, especially within its transaction intelligence (TI) segment. This performance has served to alleviate some investor concerns, according to Ahmed’s assessment. Car Group specialises in digital automotive marketplaces and solutions, connecting buyers and sellers in