Market News

In a symbolic move that harks back to centuries of trade between Australia and the United Kingdom, the cargo ship Port Macao sailed up the Thames River and berthed at the modest wharf beside Tate & Lyle’s sugar refinery. This event marked a significant milestone for both countries, thanks to the free trade agreement (FTA) […]

In a symbolic move that harks back to centuries of trade between Australia and the United Kingdom, the cargo ship Port Macao sailed up the Thames River and berthed at the modest wharf beside Tate & Lyle’s sugar refinery. This event marked a significant milestone for both countries, thanks to the free trade agreement (FTA)

According to S&P Global Insights, India, along with select Southeast Asian nations, is poised to become a pivotal driver of global economic growth in the coming year. Moreover, S&P Global’s research team anticipates that the Asia-Pacific region will continue to be a prominent force shaping global economic growth in the long term. Rajiv Biswas, the

Advanced Share Registry (ASX:ASW) has entered into a Scheme Implementation Deed with Automic under which Automic will acquire 100% of the fully paid ordinary shares. In response, ASW Chairman, Simon Cato, said: “Automic represents a logical, long-term owner for the Advanced Share Registry business, with the expertise, capacity and technology platform to support continued growth

At noon, the S&P/ASX 200 is 0.42 per cent lower at 7,141.20. Oil prices are on track for a weekly gain due to several factors. OPEC+ leaders, Saudi Arabia and Russia, have decided to extend supply cuts through the end of the year. West Texas Intermediate (WTI) crude oil is currently around $87 per barrel,

Some of the globe’s largest investment banks and tech giants are making every effort to rescue the global IPO market from a second disastrous year by vigorously promoting the relisting of chipmaker Arm. ARM is being hailed as the most significant and buzzworthy IPO in years, with its relisting on Wall Street, a British chip

Australian mineral explorers overwhelmingly targeted existing deposits for drilling campaigns in 2022-23, rather than seeking completely new prospects, according to the annual exploration spending data from the Australian Bureau of Statistics. While many investors may have been disappointed by this shift (as there’s nothing like a new discovery to boost share prices), extending existing finds

In a country grappling with lackluster demand and trade, August proved to be a robust month for imports of commodities vital to Australia’s economy. Overall, import figures were on the rise, owing in part to the rebound from the low demand levels of the previous year, which had been influenced by stringent Covid restrictions. While

US bank Goldman Sachs has issued a warning to its clients that oil prices could reach above $100 per barrel next year if Russia and Saudi Arabia maintain their aggressive supply cuts, which were recently extended for another four months. Brent crude has already exceeded $90 a barrel following these cut extensions, marking a 4%

The Nasdaq Composite fell for a fourth session Thursday as concerns resurfaced over the Federal Reserve’s interest rate policy path, as the latest jobless claims data has come in. The tech-heavy Nasdaq sold off 0.89 per cent to end at 13,748.83, while the S&P 500 slipped 0.32 per cent to finish at 4,451.14. The Dow