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Oil prices steadied in Asia, having reached their highest level since mid-April due to concerns about the Ukraine-Russia conflict escalation, while awaiting US crude stockpile data. West Texas Intermediate hovered around $83 per barrel following a 1.2% increase on Tuesday, with reports of a possible 4.07 million barrel expansion in inventories, potentially the first gain […]

In an impressive display of financial prowess, the Commonwealth Bank (ASX:CBA) has revealed a remarkable achievement that is certain to delight its shareholders. The country’s largest bank has announced a record-breaking final dividend of $2.40 per share, following its exceptional cash earnings of $10.16 billion for the financial year ending in June. This extraordinary financial

Shareholders in Suncorp (ASX:SUN) will receive an augmented final dividend of 27 cents per share, following the insurer/banking group’s survival through another challenging 12 months, thanks to the third year of the La Niña heavy rainfall. The Brisbane-based group announced that the final dividend was raised by 10 cents per share from the 17 cents

In a troubling sign of the times, the Australian retail landscape is grappling with an ongoing decline as retail sales continue to tumble, signaling the harsh impact of the prevailing cost-of-living crisis on consumer spending patterns. Recent data released by the ABS has revealed a disheartening 0.5% drop in retail sales during the June quarter,

Stocks retreated Tuesday as an August selloff was reignited by a downgrade of the banking sector by credit rating agency Moody’s. The Dow Jones Industrial Average was down 158.64 points, or 0.45 per cent, to close at 35,314.49. At session lows, the index dropped about 465 points. The S&P 500 dipped 0.42 per cent to

Moody’s, the sole major rating group maintaining Australia’s AAA credit standing after Fitch’s recent downgrade to AA+, has shifted its focus onto the credit ratings of Australian banks. On Monday night, Moody’s delivered its verdict, revealing its concerns about the sector. In a surprising move, Moody’s downgraded the credit ratings of more than two dozen

Goldman Sachs predicts a continued decline in iron ore prices this year due to a looming surplus in the physical market and increasing worries about China reducing its steel output, with the current 11.6% drop in iron ore futures from their recent high of US$114.95 to US$101.65 per tonne expected to worsen by a further

The S&P/ASX 200 index is trading 0.14 per cent higher at 7,319.60. Moving on to futures, the SPI futures are up 14 points, indicating a promising session ahead. Let’s take a look at the best and worst performers today. Health Care is leading the way, up 0.51 per cent, while Consumer Staples is struggling, down