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US jobs data confirms cooling labour mkt, Fed, RBA to hold, Inflation, Qatar flights, China stimulus

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events. Investment markets and key developments over the past week Global share markets rose further over the last week helped by US data showing

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Fortescue Metals witnesses departures: CEO Fiona Hick and CFO Christine Morris step down

Fortescue Metals Group (ASX:FMG) has recently experienced a notable series of leadership changes, as both its CEO, Fiona Hick, and Chief Financial Officer (CFO), Christine Morris, have departed from their roles. Fiona Hick’s departure comes merely six months after her appointment as CEO, following an extensive year-long search. The news of her exit was initially

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Gold Road Resources reports record revenues and profits, increases dividend

Gold Road Resources (ASX:GOR), a mining company with a significant stake in the Gruyere gold mine in WA, along with shareholdings in De Grey Mining and Yandal Resources, has announced a 20% increase in its interim dividend after revealing impressive financial results for the six months ending on June 30. The company witnessed a 16%

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Perseus Mining achieves record revenue and earnings, forecasts continued growth

Perseus Mining (ASX:PRU), an African-focused gold producer, celebrates a remarkable year ending June 30, as the company reports record revenue and earnings for the 12-month period, along with an increased dividend. The positive trend is expected to continue through the upcoming December half-year. For the fiscal year, the group announced a net profit after tax

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Global dividends reach all-time high in Q2 with strong bank contributions

Global dividends achieved a historic milestone in the second quarter, propelled by major banks, particularly in Europe, which accounted for half of the growth, offsetting lackluster returns from mining giants such as BHP, Rio Tinto, and Glencore. According to the latest edition of the Janus Henderson Global Dividend Index, dividend payouts in the second quarter

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Australian regulator seeks record penalties of over $250 million against Qantas

The competition and consumer regulator is pursuing unprecedented penalties exceeding $250 million against Qantas, accusing the airline of selling tickets for cancelled “ghost flights” as part of a campaign to intimidate businesses that deceive customers. Australian Competition and Consumer Commission (ACCC) Chairwoman, Gina Cass-Gottlieb, stated on ABC Radio National that this should set a new

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ASX 0.42% lower at noon: New loan commitments for housing fall 1.2% in July

In July, new loan commitments for housing in Australia experienced a decline of 1.2%, as reported by the Australian Bureau of Statistics. The decrease was more pronounced in owner-occupied loans, which fell by 1.9%, while investor loans saw a slight decrease of 0.1%. On the other hand, personal credit demand saw a notable increase of

ASX 0.42% lower at noon: New loan commitments for housing fall 1.2% in July Read More »