Citi Rides Out Loss on Australian Exit
Citigroup says its September quarter result would have been much better but for the pre-tax loss taken on quitting its Australian consumer business to the National Australia Bank.
Read MoreCitigroup says its September quarter result would have been much better but for the pre-tax loss taken on quitting its Australian consumer business to the National Australia Bank.
Read MoreUS & European markets posted solid gains overnight. Participants were relieved to see moderating US producer inflation figures in addition to healthy earnings results from a range of US corporates.
Read MoreT. Rowe Price’s Sam Ruiz gives his thoughts on how global equity markets have played out across sectors and around the world in the past month, and how his firm’s Global Fund has responded.
Read MoreThe ‘value trade’ continues to do well as inflation concerns, whether you think it is transitory or real, point to rate rises and tapering of quantitative easing. VanEck’s Arian Neiron explains why.
Read MoreWhitehaven Coal told the market on Thursday that it expects to be debt-free within six months as a global energy crisis drives prices for its thermal coal to record levels above $US250 a tonne.
Read MoreSouth32 has followed Sandfire Resources and Newcrest in committing to a copper-led future with a $A2.8 billion plunge into the Chilean copper industry where it will join its former parent, BHP.
Read MoreRBA deputy governor Guy Debelle told a finance conference yesterday that climate change was a “first-order risk” to the system, with broad-ranging impacts on Australia including households and businesses.
Read MoreOnce again the pandemic, lockdowns and one-off government payments to those without work have made the monthly labour force report an inaccurate picture of just what is happening to jobs.
Read MoreDespite all the naysayers in 2020, after 17 months Australia has regained a AAA credit rating with a stable outlook from all three major ratings groups – S&P Global, Moody’s and Fitch.
Read MoreAs vaccination rates increase around the world, world economies appear to be stabilising. Economic output is around pre-pandemic levels, and signs of inflation and wage pressure have become a theme of 2021.
Read MoreASX200 up 53 points (0.7%) to 7325. Lithium; up 4.7% in the US overnight. AGY +4% CXO +8.5% LIS +5% LTR +12%
Read MoreWorld copper prices were given a sharp boost on Wednesday after China’s September trade data revealed a rise in metal imports in the month – the first rise for five months.
Read MoreAs economies open and central bankers prepare to reduce policy support, diversification across both asset classes and strategies will be key to navigating potentially more volatile markets ahead.
Read MoreWhether you were warned by a friend to buy your Christmas presents in August or have been waiting for the new iPhone 13, you’ll know that global supply chains are facing severe disruption.
Read MoreWaiting for a pullback to deploy cash can be fraught with peril, as no one can time the market. Although some may be lucky enough to do so occasionally, few can consistently outperform with this strategy.
Read MoreDespite a solid result and higher dividend, Bank of Queensland shares led the bank sector lower as investors sold on a warning of pressure on profit and interest margins in the coming year.
Read MoreGood news and bad from the pandemic for two mid-caps yesterday and the shares of the two went in very different directions while an attempted takeover in gold is getting scrappy.
Read MoreIn bad news for iron ore exporters the Chinese government has cut steel production to reduce smog in the region and to ensure the achievement of the country’s steel output reduction target.
Read MoreExport growth unexpectedly jumped more than forecast and import growth slowed more than expected in September, leaving China with yet another massive trade surplus.
Read MoreAs the world moves away from fossil fuels, hydrogen is receiving a lot of attention from investors and governments. But what are some hydrogen companies, and what do they do?
Read MoreChina’s power blackouts, rationing and shortages across 20 or more provinces sparked a mad rush for fossil fuels as imports of coal surged and imports of LNG hit their highest level for 9 months.
Read MoreFollowing on from his previous report on the company, Corporate Connect analyst Marc Sinatra has today published an updated analysis of ASX-listed biotech Immutep Ltd (ASX: IMM), valuing IMM at $A2.20 per share.
Read MoreASX200 up 5 points to 7288. Treasurer Josh Frydenberg downgraded the economic outlook at a presentation this morning
Read MoreApple shares dipped in after-hours trading on reports that it will be forced to slash current iPhone production and sales forecasts by up to 10 million units because of the continuing shortage of computer chips.
Read MoreSPI futures have ended overnight trade with a gain of 14pts or 0.2% overnight, pointing to a positive start for the ASX 200 today.
Read MoreDespite the continuing lockdowns around most of the country, business confidence rebounded strongly in September to be well above its long-run average, after falling into negative territory in prior months.
Read MoreThe recent sharp sell-off in government bond yields is testing the patience of central banks and bond markets are reacting to the hawkish messages, as Andrew Mulliner from Janus Henderson explains.
Read MoreSo will Westpac follow their Big Four peers down the buyback route in its full year results on November 1, after revealing a $1.3 billion hit to earnings from writedowns and other bookkeeping measures?
Read MoreThere are four behaviours, biases or theories that behavioural economists have uncovered that explain Western investors’ retreat from China equities over the past month despite the strong returns of the index.
Read MoreCopper has moved to centre stage for Australia’s biggest gold miner Newcrest Mining, as the company revealed its future direction and plans for four major projects on Tuesday.
Read MoreChina is facing a looming crunch as fears about power shortages runs headlong into renewed speculation about the fate of stricken property developer Evergrande and others.
Read MoreASX-listed fintech Plenti Group has today released its Q2FY22 quarterly report, which shows strong growth despite the COVID-induced lockdowns during the period.
Read MoreASX200 up 25 points (0.3%) to 7325. Westpac (-0.5%); flagged a hit of $1.3bn to FY21 profit due to a range of notable items.
Read MoreThe Dow Jones index fell by 250 points or 0.7%. The S&P 500 index also shed 0.7% and the Nasdaq index dropped 93 points or 0.6%.
Read MoreGains in oil and iron ore were ignored and the local market will start in the red as overnight futures traders took their cue from a sliding Wall Street on Monday than from commodity prices.
Read MoreHeavy rains and flooding saw more mines forced to shut down in China’s biggest coal-producing region over the weekend, sending prices to a record and hindering efforts by Beijing to boost energy supplies for winter.
Read MoreThe online age has heralded a new era of warfare, which pits not only sovereign nations against one another, but also cyber criminals against businesses, individuals, and their intellectual property.
Read MoreThere’s already plenty of interest for green hydrogen in Western Australia and now Queensland wants in on the act, with two new proposed projects announced in as many days in the Sunshine State.
Read MoreInvestors punished Star Entertainment Group in particular yesterday, but didn’t miss other casino groups after media reports about alleged misconduct surfaced over the past couple of days.
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