Market News

The S&P/ASX 200 is trading 0.38 per cent lower at 7,291.30. Futures The SPI futures are down 32 points. Best and worst performers The best-performing sector is Health Care, up 0.3 per cent. The worst-performing sector is Utilities, down 1.19 per cent. The best-performing large cap is IGO (ASX:IGO), trading 2.07 per cent higher at […]

The article provides an overview of the Mining Council of Australia’s (MCA) Future Critical report 2023.  Australia is now grappling with an urgent challenge that could shape its economic future. As global markets shift towards cleaner energy solutions and high-tech industries, Australia’s mineral resources have the potential to be a cornerstone of its prosperity. However, the

Qantas (ASX:QAN) announced on Tuesday morning that Vanessa Hudson will take over as the new CEO, effective from Wednesday, after current CEO Alan Joyce decided to hasten his retirement by two months. The unexpected announcement comes after days of criticism directed at the company, its airlines, and Joyce himself, due to a range of issues.

Empire Energy (ASX:EEG) has announced increased flow rates at their C-3H Project. In response, Managing Director Alex Underwood commented, “The technical learning that is occurring is rapidly building our understanding of how to develop the Beetaloo’s Velkerri Shale. We believe that this will have positive implications for the productivity of future development wells.” Shares are

The drop in commodity prices, such as LNG and coal, has led to a decline in Australia’s current account surplus for the three months ending in June. The Australian Bureau of Statistics reports that the surplus decreased by $4.8 billion to $7.7 billion in seasonally adjusted terms. This decline was primarily driven by a decrease

The corporate regulator, ASIC, has initiated civil penalty proceedings against Westpac for its failure to promptly address customers’ hardship notices, according to an official statement released on Tuesday morning. ASIC’s allegations state that between 2015 and 2022, 229 Westpac customers did not receive timely responses to their hardship notices, as required by regulations. In the

US markets were closed overnight due to labour day. Shifting to European markets, the Stoxx 600 index ended little changed from the previous session, paring gains after hitting its highest level since Aug. 9 in morning trade. Travel and leisure stocks gained 0.5 per cent as sentiment around equities brightened following Friday’s US jobs report.

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses optimistic investing. Key points:The natural human tendency to focus on bad news, the increased availability of information and the rise of social media are magnifying perceptions around worries and making it easier to be pessimistic.However, to succeed as an investor it makes

Qantas (ASX:QAN) shares continued to slide on Monday, as the airline’s attempts to launch a PR campaign resulted in an unexpected and embarrassing apology. The shares registered a 3% decline on Monday, exacerbating the month-long loss to 11%. This downturn was triggered by a slew of negative publicity surrounding the airline, including issues related to

New Zealand-based casino group SkyCity (ASX:SKC) has informed both the NZX and ASX that it faces the possibility of losing its casino licences in the country for a period of 10 days. This startling announcement led to a 17% sell-off of shares on the ASX during Monday’s trading. The company’s statement revealed that the NZ