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Melbourne billionaire Ralph Geminder takes Pact packaging group private

Melbourne billionaire Ralph Geminder is taking his Pact (ASX:PGH) packaging group private after conceding that there was very little investor support for the stock. The packaging group’s shares traded as high as $4.55 in 2021 but have since plummeted to just 68¢ due to losses, asset sales, and impairments. At the 2021 price, the company

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August Australian jobs report

The latest Australian job numbers, to be released on Thursday, will be closely scrutinized to assess whether the surprising job losses in July have been recovered in August and to what extent. The Australian Bureau of Statistics (ABS) reported that in July, the jobless rate rose to 3.75% following a 35,600 increase in unemployment and

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Stocks of the Hour: Chimeric Therapeutics, Apollo Minerals, Caspin Resources

Chimeric Therapeutics (ASX:CHM) announced the execution of a clinical study agreement with The University of Texas MD Anderson Cancer Center to support the “ADVENT-AML” Phase 1B study, for patients with newly diagnosed Acute Myeloid Leukaemia. In response, Jason B Litten, MD, Chief Medical Officer, stated, “By combining CHM 0201 with the current standard of care

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Investment Perspectives: A big disinflation tailwind is coming

With the US economy showing signs of accelerating growth despite rising interest rates, Chris Bedingfield discusses the impact of shelter costs in driving disinflation. August saw a significant pivot in the global macroeconomic landscape. Since the mini-banking crisis in March (remember that?), market expectations for the US economy have moved from a hard landing to

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Air New Zealand faces worsening problems with Pratt & Whitney engines

Air New Zealand’s (ASX:AIZ) growing problems with Pratt and Whitney engines on some of its airliners appear to be worse than initially estimated and could have an impact on Trans-Tasman travel. In a statement released on Wednesday morning, the airline announced that travelers should anticipate “significant” scheduling changes in the coming months due to engine

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