China’s central bank kept its key one-year and five-year loan prime rates unchanged for November on Monday. The key rates remained at 3.45% and 4.2%, respectively, marking the third straight month that the People’s Bank of China has held the one-year rate after cutting it from 3.55% to 3.45% in August. The five-year rate, meanwhile, […]
China’s central bank maintains loan prime rates Read More »
The Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) have welcomed the recent announcement by the Australian Securities Exchange (ASX) regarding its solution design to replace the Clearing House Electronic Subregister System (CHESS). The regulators consider this development as a crucial step toward getting the CHESS replacement program back on
ASX to replace CHESS Read More »
On Monday, energy stocks were the primary drivers of ASX’s upward movement, despite a generally uneventful start to the week. This rise in energy stocks was supported by stable oil prices, which had gained over 4% late the previous week due to increased expectations of OPEC+ reducing supply in its upcoming November 26 meeting, with
Energy stocks carry ASX 0.01% higher at close Read More »
Paul Sanger:I’m Paul Sanger for the Finance News Network and today I’m talking with ABX Group. Their ticket code is ABX and they have a market cap of around 17 million. ABX is a uniquely positioned, high-tech Australian company delivering materials for a cleaner future. They have three current significant projects. They’re creating an ionic
ABx Group: Doubling Rare Earth resources and advancing sustainable aluminum production Read More »
Argentina has elected a hard-right populist as president, a move that is likely to set off ripples across global financial markets, especially currencies, with his plans to ‘dollarize’ his country’s economy. Argentinians elected Javier Milei as their new president on Sunday, taking a big punt that he will be able to fix an economy whacked
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Optus is searching for a new CEO following the resignation of Kelly Bayer Rosmarin on Monday morning, after what had been a tumultuous 18 months for the country’s second-largest mobile telecoms group. She presided over the 2022 cyberattack and a 10-hour outage that affected millions of Australian customers, both individuals and businesses. Bayer Rosmarin tendered
Optus CEO Kelly Bayer Rosmarin resigns Read More »
The S&P/ASX 200 is trading 0.17 per cent higher at 7,061.10. Futures The SPI futures are up 16 points. Best and worst performers The best-performing sector is Energy, up 1.05 per cent. The worst-performing sector is Utilities, down 0.62 per cent. The best-performing large cap is ALS (ASX:ALQ), trading 2.64 per cent higher at $12.46.
Afternoon update: ASX up 0.17% as energy outperforms Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses nine keys to investing. Key pointsSuccessful investing is not always easy and can be stressful. Even in good times. For this reason, it’s useful for investors to keep a key set of things in mind.The nine key things are: make the most
Nine key things for successful investing Read More »
Paul Sanger: I am Paul Sanger for the Finance News Network. And today I’m talking with Dotz Nano Limited, ASX Code DTZ, and they have a market cap of around 80 million. Dotz Nano is a leading developer of innovative climate and industrial Nano technologies. We welcome Dotz CEO Sharon Malka. Sharon, welcome to the network.
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events. Investment markets and key developments Global share markets mostly rose again over the last week helped in particular by good US news on
