Archegos Losses Continue to Mount
The losses keep mounting for some of the financial world’s biggest names from the shock failure of Archegos Capital — almost a month after the collapse of the US hedge fund.
Read MoreThe losses keep mounting for some of the financial world’s biggest names from the shock failure of Archegos Capital — almost a month after the collapse of the US hedge fund.
Read MoreASX200 up 3 points to 7036. Link (-3.3%); the Pacific Equity Partners / Carlyle Group consortium has withdrawn its takeover proposal.
Read MoreResults from two of the world’s major megatechs – Microsoft and Alphabet – have again underlined who the big winners continue to be in the business world.
Read MoreThere’s nothing like high prices to bring a lot of green to the balance sheets of oil companies and a smile to the faces of their executives, as we saw with Woodside, Santos, and now BP.
Read MoreThe Dow Jones index rose by 3 points or less than 0.1%. The S&P 500 index fell by just 0.9 points from record highs. And the Nasdaq index fell by 48.5 points or 0.3% from record highs.
Read MoreExporting iron ore to China just got even more profitable thanks to record prices, as was made very clear in the March quarterly financials from Vale, the big Brazilian miner and exporter.
Read MoreHSBC lifted first quarter earnings 79%, as the Asia-skewed lender recovers from the coronavirus pandemic and the problems in Hong Kong in 2019 and 2020.
Read MoreBingo said the shareholders of Sydney waste merchant, Bingo Industries as it finally said ‘yes’ to a bid from Macquarie Infrastructure and Real Assets and its managed funds for $2.3 billion.
Read MoreThe chances have improved for Entain to grab control of Tabcorp’s bookmaking and media division after it sweetened its original $3 billion offer with an additional $500 million.
Read More18 months after warning high iron ore and coking coal prices would damage earnings, BlueScope is more profitable than it ever has been despite ore prices surging even further.
Read MoreA quick turn of events in the going nowhere takeover battle between Melbourne-based multi millionaire, Raphael Geminder and his target, Melbourne-based McPhersons.
Read MorePlumbing and building supplies group Reliance Worldwide shares hardly moved yesterday in the wake of an early solid March quarter sales update.
Read MoreShares in Indonesian-focused Nickel Mines were savaged on Tuesday after the company’s March quarter report revealed lower than expected nickel sales and production.
Read MoreAlison Savas from Antipodes runs through her thoughts on the world’s markets at present, where the risks lie, and how the Antipodes Global Fund’s portfolio is currently positioned.
Read MoreThe Australian sharemarket finished lower for a second day with most sectors heading backwards. However, with just three trading days left in April, the Aussie market is having its best month of the year.
Read MoreCatch up on the full webinar with a keynote presentation from Fremont Petroleum Corporation (FPL), Terracom Limited (TER), Pay Group Limited (PYG) & Mount Ridley Mines Limited (MRD)
Read MorePresenter – Danny McCarthy Managing Director & Craig Ransley Executive Chairman – TerraCom Limited is an emerging resource explorer with a large portfolio of operating assets in Australia and South Africa. The company is undertaking a growth strategy towards delivering a mid-tier diversified operating and trading business.
Read MoreThe Australian sharemarket is falling for a second day with most sectors in negative territory.
Read MoreUK punting giant Entain has lifted its offer for Tabcorp’s bookmaking and media division by half a billion dollars, taking the new price to $3.5 billion.
Read MoreConsumption of product derived from mineral sands during the pandemic augurs well for Iluka Resources, although border closures deliver challenges.
Read MoreASX200 down 18 points (0.2%) to 7027. Afterpay (-1.3%) / Sezzle (-0.7%) / Zip (-2.5%); non-bank lender Nimble has warned many customers are facing a looming debt spiral as they max out on BNPL purchases.
Read MoreTesla shares were all over the place on Monday ahead and after the release of the electric vehicle maker’s March quarter results.
Read MoreKey earnings reports are set to be delivered this week. Investors also await the Federal Reserve rates decision and data on economic growth. Shares in Tesla rose by 1.2% ahead of results expected after the bell on Monday.
Read MoreThe boom in iron ore prices continues and South Korean steelmaker Posco on Monday provided a good explanation as to why – business is going very well indeed.
Read MoreWestpac’s interim profit next week will take a $582 million hit from provisions, write-downs and a range of other “notable items”, the bank told the ASX in a Monday announcement.
Read MoreCovid has brought a second chance to listed real estate agent McGrath Ltd, with the company telling the ASX it is on track for a significant boost to full year earnings.
Read MoreNIB Holdings has reinstated profit guidance for the first time since pandemic lockdowns began as the health insurance sector continues to escape the big slide of 2020.
Read MoreSigma Healthcare shares took the loss of CEO Mark Hooper surprisingly well yesterday, given the surprise nature of the announcement and the lack of any real explanation.
Read MoreEvery large company was once a small company. The hard part is to identify those small companies that will grow to be large ones. Cameron McCormack from VanEck Investments has some insights how to do so.
Read MoreThe ASX 200 has slipped 0.2% or 15 points on what was a quiet start to the last week of April. Materials were the best performing sector with Fortescue Metals (FMG) a standout. Consumer stocks underperformed as the majority of sectors closed lower.
Read MoreThe Aussie market is struggling for direction early on Monday as the ASX 200 trades mostly flat. Gains for resources & financials are being offset by declines for the majority of the market. Nib Holdings (NHF) shares have jumped on earnings guidance.
Read MoreLast week it was AGL revealing the shock departure of its CEO. Today, Sigma Healthcare made the surprise announcement that CEO Mark Hooper will go after more than 10 years in the role.
Read MoreASX200 down 9 points (0.1%) to 7051. Crown (+0.1%); another potential suitor has joined the race with Apoolo Global Management now showing interest.
Read MoreThe Dow Jones index closed up by 228 points or 0.7%. The S&P 500 index gained 1.1% and the Nasdaq index added 198 points or 1.4%. For the week, the Dow Jones index fell 0.5%, the S&P 500 index lost 0.1% and the Nasdaq index dipped 0.3%.
Read MorePresenter – Sachin Goklaney – Chief Commercial Officer – PayGroup aims to provide multi-national and workforce management companies a single view of their workforce and meet their regulatory requirements across the Asia Pacific Region.
Read MorePresenter – Eric Streitberg – Executive Chairman – Buru Energy Limited is an oil and gas exploration and production company solely focused on exploring and developing the petroleum resources of the Canning Basin, in the southwest of the Kimberley region of in north-western Western Australia.
Read MorePresenter – Tim Hart – Chief Executive Officer and Managing Director – Fremont Petroleum Corporation is an Oil & Gas Production and Development company. The company aims to build shareholder value by creating a profitable, efficient, environmentally sensitive, international energy company through real economic resource development.
Read MoreOz Minerals is moving to boost growth projects at some of its mines as it seeks to take advantage of strong prices for key commodities.
Read MoreThe worsening Covid problem in and around Perth will see investors move onto a cautious footing when trading resumes on the ASX later this morning.
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