Market News

By next Sunday, it will be clear whether Canada’s Brookfield and EIG of the US have a chance of gaining approval at Origin Energy’s adjourned shareholders’ meeting on Monday, December 4. Origin’s board still opposes a third takeover proposal from the two bidders, which emerged after last Thursday’s aborted meeting to vote on the scheme […]

The S&P/ASX 200 is trading 0.44 per cent lower at 7,009.50. Futures The SPI futures are down 34 points. Best and worst performers The best-performing sector is Information Technology, up 1 per cent. The worst-performing sector is Consumer Discretionary, down 1.17 per cent. The best-performing large cap is WiseTech Global (ASX:WTC), trading 1.81 per cent

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the Australian dollar. Key pointsSince its February 2021 high of nearly $US0.80 the $A has fallen on the back of worries about the global growth outlook, worries about China, the strong $US and relatively less aggressive monetary tightening by the RBA.However, there

Tamboran Resources (ASX:TBN) has commenced stimulation activities at the Shenandoah South 1H well pad within its 38.75 per cent owned and operated EP 117 permit. The program, which is planned to include 10 stimulation stages over a 500-metre (1,640-foot) horizontal section within the Mid-Velkerri B Shale, is expected to be completed in December 2023. Shares

The Australian sharemarket experienced a noon decline with the S&P/ASX 200 index slipping 0.15% due to losses in commodity stocks, particularly in the materials sector, driven by lower iron ore prices, leading to drops in BHP, Fortescue Metals, and Rio Tinto. Investors are closely monitoring upcoming inflation data and the OPEC+ meeting’s outcomes for insights

Enlitic CEO Michael Sistenich discusses the company’s AI solutions for healthcare data management as the company gears up for its December IPO. Paul Sanger: I’m Paul Sanger for the Finance News Network, and today I’m talking with Enlitic. Enlitic plans to IPO on the ASX in mid-December. Enlitic utilises artificial intelligence to offer data management

China’s property woes continue to inflict damage on the nation’s economy, with indications of substantial losses and potential criminal investigations surfacing as the government grapples with years of lax regulation, dubious transactions, and excessive lending throughout the financial sector. While the media has primarily focused on the gradual unraveling of giants like China Evergrande, Country

The Dow Jones Industrial Average rose on Friday, as the major averages notched a four-week winning streak. The 30-stock Dow rose 117.12 points, or 0.33 per cent, to 35,390.15. Meanwhile, the S&P 500 ticked higher by 0.06 per cent to end at 4,559.34. The Nasdaq Composite fell 0.11 per cent, closing at 14,250.85. Major retail

A meandering week ahead for markets, featuring some inflation news in the US and Australia, a GDP update for America, building approvals in Australia, China’s latest economic activity surveys, and a final rush of meetings and earnings releases both locally and offshore. Markets and analysts will be closely monitoring Black Friday and Cyber Monday sales

Wall Street offered Australian investors little guidance as they resumed trading today, leaving them with nothing but fond wishes and hopes for retailers. Futures trading for the ASX 200 saw a 15-point gain by the early Saturday close, adding to Friday’s small local gain, which couldn’t erase the week’s 0.12% loss. Local investors are now