Suncorp accumulating cash
Suncorp already has a gross $4.9b pencilled in to come from ANZ for getting approval to sell its bank, and now it is looking for another $300m-plus from the sale of its New Zealand life business Asteron.
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Change of control at Paramount a strong possibility
Control of Paramount Global, the current owner of the Ten TV Network in Australia, is looking at changing after the company’s shares leapt 15% late in Wednesday’s Wall Street trading session.
Read MoreGold smashes through US$2300 level to set new highs
Another big session for gold with US futures smashing through the $US2,300 level, spot prices surging and all this happening despite another rise in US bond yields.
Read MoreDisney prepares for proxy battle with activist shareholder
How to waste tens of millions of dollars – have a proxy fight over board representation from an aggressive activist shareholder called Nelson Pelz (who is ‘only' worth around $US1.7 billion) and the veteran Disney chair and CEO, Bob Iger, who is in his second time at the top of the company Hollywood calls ‘The Mouse House”.
Read MoreMissed guidance for Tesla’s EV deliveries
American analysts came up well short in their guidance for Tesla’s March quarter EV deliveries with 18 of them missing — and by a mile — the actual outcome.
Read MoreThe great Tesla EV fire sale?
Coming to an X tweet close to you — the great Tesla EV fire sale with price cuts that change by the hour (or even by the minute, perhaps)?
Read MoreS&P rejects doom mongering
So much for all the doom and gloom merchants going on about how the banks and other financial groups would be hurt by the rate rises from the Reserve Bank in its fight to control inflation — with a rise in bad debts, especially for home loans, more impaired loans and other problems.
Read MoreWestgold rained out
Wet weather across much of WA in the first three months of the year has forced Westgold Resources (ASX:WGX) to cut its full year financial year 2024 production guidance by more than 10 per cent until it sorts out the impacts on mining and output of the repeated bouts of rain and wet roads.
Read MoreRamelius Resources abandons Karora takeover plans as gold output surges
Ramelius Resources (ASX:RMS) sees record gold output in Q1, surpassing expectations. Decision to abandon Karora takeover plans disclosed amidst soaring revenues.
Read MoreHK property showing no signs of steadying
There might be signs emerging in China of a steadying in the stricken property sector with more reports of government support to be wrapped up by June and major developers presenting lists covering hundreds of projects that could get government support through local administrations.
Read MoreGold and Oil continue their rally in the face of rising bond yields
Worry about the Middle east and don’t bet on a rate cut this year emerged as the new market paradigms on Tuesday, if another day of rising gold and oil prices and Treasury bond yields are any guide.
Read MoreTesla March Qtr deliveries well below consensus
American analysts came up well short in their guidance for Tesla’s March quarter EV deliveries with after 18 of them missing – and by a mile – the actual outcome.
Read MoreGold Fields sticks to its 2024 output guidance
Despite weaker than expected March quarter production, Gold Fields is sticking to its 2024 full year output guidance it boosted in February.
Read MoreBHP completes sale to Whitehaven Coal
BHP (ASX:BHP) and its partner, Mitsubishi Development, have completed the sale of their unwanted central Queensland coal mines at Daunia and Blackwater to Whitehaven Coal (ASX:WHC).
Read MoreReturn of doubts about Orora
A weak trading update, especially for its expensive French buy in late 2023, has seen the return of investor doubts about packaging group (and Amcor spin off a decade ago) Orora Ltd.
Read MoreBYD EV sales
Chinese EV giant BYD sold and exported a total of 626,263 new energy vehicles in the first three months of this year — the highest first quarter figure so far.
Read MoreHarsh reality behind Trump Media’s financials
A solid dose of reality for Trump Media and Technology with the appallingly weak financials revealed for the key asset, Donald Trump’s Truth Social social media platform, which is a big blob of red ink and perhaps not viable.
Read MoreGold vs bonds
Gold bugs celebrated yet another record for the metal on Monday with the price rising sharply in early trading, before losing puff as US bond yields surged by the most in a month.
Read MoreIron Ore prices swing wildy in Asian trading
A volatile start to the second quarter for iron ore prices which swung sharply in trading across Asia on Monday.
Read MoreChinese manufacturing activity expands for the first time in 6 months
More signs of renewed life in the Chinese and Japanese economies with the two surveys of business activity showing improvement in March.
Read MoreRobust US data points raise questions over 2024 rate cuts
Why do American economists, analysts and everyone else seem to think interest rates need to fall when it's clear that inflation – while a little resistant at the moment – is slowly cooling, the economy remains solid and growing, retailing sales and household spending are ticking over nicely, business investment is more than OK and the jobs market is likewise?
Read MoreChinese Govt talks up economy in the face of tough market conditions
The irony couldn’t have been starker – there was China’s President Xi Jinping sweet talking a group of foreign CEO’s last week and while this was going on two major listings – of parts of Chinese-owned companies, were pulled.
Read MoreCommodiities
Gold futures closed at the second record high in as many days on Thursday ahead of the Easter break
Read MoreRed ink from China property
December 31 annual reports flooded out of Chinese companies last week, with weak results and red ink dominating the stricken property sector, amid more signs that the government bailout is well underway.
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End of March quarter
MSCI’s index of world stocks rose 7.7% in the three months to March as increasing optimism about US economy offset worries about slower interest rate cuts — overlain by a frenetic FOMO about AI.
Read MoreThe gap in coal supply after the Baltimore bridge collapse
The Baltimore bridge disaster has opened a brief opportunity for Australian coal exporters to fill a big gap in Indian coal imports — especially coal needed by brick makers in the world’s most populous nation.
Read MoreSwiftonomics
Remember all those stories in January and February about how Taylor Swift could boost inflation and how the money spent on tickets and her merch would be a downer for retail sales in February?
Read MoreBYD’s growth prospects in 2024: Navigating slowdown amidst global expansion
BYD's outlook for 2024 as the EV giant anticipates slower growth amidst fierce competition and global expansion efforts.
Read MoreInside Trump media’s 8-K statement and the realities ahead
Trump Media's financial disclosure with its 8-K statement, revealing Truth Social's performance and investor risks.
Read MoreChinese Govt to fast track billions in new property loans to select developers
For all the recent commentary about how President Xi Jinping is only interested in control (not disputed) and not the performance and growth of the Chinese economy, there is a growing level of official fear about the bleeding black hole in the economy, property.
Read MoreAPRA to commence publication of detailed Superannuation costs & spending data
A big change for the massive superannuation industry from August with APRA, the key regulator starting the publication of intimate details of their costs and spending at a level far more granular than ever seen before.
Read MoreInsurance claims linked to the Baltimore Bridge collapse begin to surface
Barclays reckons the cost could be $US3 billion – other estimates are higher as the global insurance industry – especially reinsurers – start toting up the claims that are already emerging after the container ship Dali destroyed Baltimore's Francis Scott Key Bridge.
Read MoreWestpac to scrap outdated computer systems
Westpac has revealed ambitious plans to get rid of outdated and slow computer systems, software and other technology over the next four years that will have an estimated cost close to $10 billion between now and 2028.
Read MoreAustralian Consumer Price Inflation Holds Steady in February
Australia's February consumer price inflation is steady at 3.4%. The key factors that are shaping the economic landscape in this brief overview.
Read MoreLiability in the aftermath of the Francis Scott Key Bridge collapse
The aftermath of the Francis Scott Key Bridge collapse; delving into the complex legal and financial implications spanning multiple jurisdictions, insurance claims, and international investigations.
Read MoreBaltimore Bridge collapse to impact trade on US East Coast, Europe & Sth America
The closure of the US port of Baltimore after the harbour was blocked by a bridge collapse on Tuesday will cause significant disruption to American trade along the east coast and into Europe and South America.
Read MoreNorthern Star lodges application to expand the Super Pit Gold Mine
Northern Star Resources (ASX:NST) is planning to extend its current expansion program at the Super Pit gold mine near Kalgoorlie in the WA goldfields.
Read MoreLew to spin off best chains in Premier Investments
Solomon Lew wants to spin off the two best retail chains in Premier Investments (ASX:PMV) next year, leaving behind a group of weakly performing businesses.
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