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Shareholders in the fertilisers and explosives group Incitec Pivot (ASX:IPL) will receive a capital return of approximately $1 billion, in addition to the paused $400 million buyback, once the sale of the company’s vast US ammonia production plant is finalised shortly. This capital return bonanza will significantly alleviate the financial strain for shareholders, following a

Perth-headquartered rock phosphate producer CI Resources has a unique claim to fame: it’s the only ASX-listed entity to operate on Christmas Island, the remote Australian territory in the Indian Ocean that is much closer to Jakarta than Canberra. For more than three decades, the Christmas Island Phosphate (CIP) mine has generated a continuous flow of

Glencore has finally acquired the coal assets of Teck Resources, comprising high metallurgical coal mines in western Canada. The company intends to create a separate entity by merging these businesses. As the world’s largest thermal coal miner and exporter, Glencore had pursued Teck for months, considering various options, including a full bid and spin-off or

Wall Street’s view has shifted to no more rate rises and a potential rate cut sooner than expected. This change comes after a sharp decline in oil and petrol prices, causing US inflation to resume its downward trend in October, marking the first decrease in three months. In October, US consumer prices increased by 3.2%

In the midst of economic uncertainty and a sluggish growth landscape, corporate leaders and fund managers in Australia are beginning to reevaluate their strategies. The recent UBS Australasia Conference shed light on a dilemma plaguing the financial industry, succinctly summed up by a casual remark made in the lunch line: “The defensive stocks are expensive,