Market News

On Tuesday, at the closing bell, the S&P/ASX 200 was 0.47 per cent lower at 7,196.60, in anticipation of the US Federal Reserve’s policy meeting. The meeting is expected to reiterate the message of keeping interest rates higher for an extended period. The All Ords index also declined by 0.5%. Major banks saw a decrease […]

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.

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

Global oil prices experienced a significant surge on Monday, briefly flirting with the $95 per barrel mark, as the market grapples with anticipation of a supply deficit. This supply crunch is primarily attributed to extended production cuts by major oil-producing nations, Saudi Arabia and Russia, outweighing concerns about global demand. Brent crude futures saw an

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

A decade ago, amid the turmoil of the Greek economy and society following the departure of the inept Socialist government in 2009, there was widespread anticipation of a catastrophic crash. Economists and analysts from various corners of the world forewarned of doom not only for Greece but also for the euro, the EU, and the

Silver Lake Resources (ASX:SLR) made a bold move by securing an 11% stake in Red 5, at an approximate cost of $70 million. This decision, however, triggered nervous investors who witnessed a $75 million reduction in the company’s share market value. On Monday afternoon, Silver Lake unveiled its strategic acquisition, causing its shares to plummet

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

The deepening split between A2 Milk (ASX:A2M) and Synlait, its key infant formula supplier, wiped tens of millions of dollars off the market value of both companies on Monday when Synlait escalated the argument. This came after A2 Milk revealed it had started the process to end a key exclusive supply deal. Shares in Synlait

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,