Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home ownership. Key pointsBased on a Report by Bernard Salt, Australia’s home ownership rate peaked at 73% in 1966 as the home was then seen as synonymous with wealth and security.Since then, the trend has been down, influenced by a combination of […]
At the closing bell, the S&P/ASX 200 was 0.05 per cent lower at 7,259.90. Aus shares remained steady with a small intraday increase, mirroring the rise in US futures. This was partially due to optimism about a debt ceiling agreement following productive discussions among lawmakers. Despite the financial sector encountering resistance around 6200, major banks
ASX closes 0.05% lower despite major banks showing strength Read More »
At noon, the S&P/ASX 200 is 0.17 per cent higher at 7,275.40. This evening, Wall Street is poised for an upward movement as discussions aimed at increasing the debt ceiling were described as “productive.” Futures for the Dow Jones, S&P 500, and Nasdaq showed gains of approximately 0.3 percent. Around noon, the value of the
ASX up 0.17% at noon as debt ceiling discussions are becoming “productive” Read More »
Rex Minerals (ASX:RXM) has signed a letter of intent with Hitachi. The LOI encompasses the allocation of Ultra-class mining equipment to Rex. Rex’s CEO, Richard Laufmann, “[the LOI] secures the Ultra-class fleet for Rex without any immediate financial commitment.” Shares are trading 4.44 per cent higher at 23.5 cents. Omega Oil & Gas’ (ASX:OMA) first
Stocks of the Hour: Rex Minerals, Omega Oil & Gas, Hartshead Resources Read More »
Flynn Gold Limited (ASX:FG1) Managing Director Neil Marston discusses the company’s portfolio of projects, including its gold explortation in north-east Tasmania. Tim McGowen: We’re talking with Flynn Gold (ASX:FG1) today. It’s got a market cap of around $7m. We’re joined by the Managing Director, Neil Marston. Neil, thanks for your time. Welcome to Sydney. Neil
Exploring the Golden Ridge in Tasmania Read More »
Nobody wants Tyro Payments (ASX:TYR) – Westpac said pass and walked away last December and now its latest suitor, US private equity group Potentia, has shuffled off back to its homeland. The news saw Tyro shares lose 19% in the first hour of trading on Monday, before ending the day with a 16% loss at
Tyro deal turns from Potentia into zero reality Read More »
New Hope Corp (ASX:NHC), the Queensland and NSW thermal coal exporter, revealed an upbeat performance in April’s quarterly report and also surprised with news about its China sales. But the report also confirmed the likely future pressure on revenues and earnings from 2023’s price slide for coal – especially thermal or steaming coal. New Hope
New Hope keeps the fire burning with solid quarter Read More »
Big global investors may find out this week how Vale, the giant Brazilian miner, will handle the much-awaited sale of 10% of its base metals business. According to Wall Street analysts the possible sale could put a value of more than $US20 billion on the business, with top forecasts around $US25 billion. Besides being a
Details imminent regarding Vale Metals sale Read More »
The keenly-priced $1.89 per share cash offer for Best and Less (ASX:BLG) by a group of insiders and big shareholders has been found to be not fair but reasonable in an independent expert’s report. Deloittes said in the Target statement’s independent expert report on Monday that Brett Blundy and Ray Itaoui’s is “not fair” to
Less than fair offer looks to be the best theyll get Read More »
The S&P 500 finished little changed on Monday as Wall Street awaited a pivotal debt ceiling meeting and government officials scrambled to avert a default. Monday’s moves brought the tech-heavy index to its highest close and highest intraday level since August. President Joe Biden and House Speaker Kevin McCarthy are set to meet Monday at
Australia and the US sign critical minerals agreement Read More »
