SMS Finance

Market News

ASX down at 0.53% at noon: Investors anticipating upcoming Fed meeting

Investors are feeling nervous in anticipation of the upcoming US Federal Reserve policy meeting, where it is anticipated that the Fed will reiterate its commitment to maintaining low interest rates for an extended period. Adding to this unease is the revelation from the Reserve Bank’s September meeting minutes that it had contemplated raising interest rates.

ASX down at 0.53% at noon: Investors anticipating upcoming Fed meeting Read More »

Stocks of the Hour: BluGlass, Codrus Minerals, Kula Gold

BluGlass (ASX:BLG) has received a custom laser order from a repeat customer. The customer is a leading USA-based research laboratory, who will use BluGlass’ lasers within high-powered scientific applications. In response, BluGlass CEO Jim Haden said, “We are very encouraged to receive this order from an existing laser project customer, as we develop our track-record

Stocks of the Hour: BluGlass, Codrus Minerals, Kula Gold Read More »

Market update: US inflation, Australia’s population increase & surging petrol prices

Investment markets and key developments over the past week Global share markets were mixed over the last week. US shares initially rose as economic data provided confidence that the Fed won’t have to raise rates again but fell on Friday on concerns about an auto workers strike amidst various options expiries which can magnify volatility leaving

Market update: US inflation, Australia’s population increase & surging petrol prices Read More »

Newmont’s $26 billion takeover of Newcrest clears Australian regulatory hurdles

Gold miner Newmont Corp has taken a significant step toward acquiring Newcrest (ASX:NCM) with its A$26 billion all-paper takeover offer, as Australia’s Foreign Investment Review Board (FIRB) has approved the deal. This marks the second crucial approval from Australian regulators in a month, following the green light from the ACCC in August. Japan’s Fair Trade

Newmont’s $26 billion takeover of Newcrest clears Australian regulatory hurdles Read More »

US stocks mostly flat: Global mining M&A set to reach highest level in decade

US stocks have closed near the flat line Monday as investors geared up for the Federal Reserve’s meeting scheduled for later in the week. The S&P 500 inched higher by 0.07 per cent to 4,453.53, while the Nasdaq Composite added 0.01 per cent to finish at 13,710.24. The Dow Jones Industrial Average advanced 6.06 points,

US stocks mostly flat: Global mining M&A set to reach highest level in decade Read More »

Scroll to Top