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Federal Reserve scales back capital requirements for major banks

11 Sep 2024 - The Federal Reserve has significantly scaled back its proposed increase in capital requirements for the largest U.S. banks following pushback from the banking industr…

APRA to phase out high-yield bank hybrids to ensure financial stability

11 Sep 2024 - Australian investors will no longer be able to invest in high-yielding, bank-issued hybrids after the key financial regulator, APRA, ruled that they posed a risk to t…

Brent crude drops as OPEC and EIA lower 2024 demand forecasts

11 Sep 2024 - Global oil prices slumped to multi-year lows on Tuesday in the wake of a cut by OPEC in its forecasts for this year and next, coupled with weak data from China.

MinRes slashes jobs and cuts costs amid $1.1 billion asset sale

11 Sep 2024 - Heavily indebted Mineral Resources (ASX:MIN) is slashing worker numbers and conditions at its WA mines and businesses as it receives FIRB approval to sell a 49% stake…

EU court orders Apple to pay 13 billion euros in back taxes to Ireland

11 Sep 2024 - Ouch! Hours after launching its new iPhone 16 and watch, along with other products, Apple has been hit by a shock court ruling in Europe, forcing it to pay €13 billio…

NEXTDC eyes $2 billion funding as cloud and AI demand surges

11 Sep 2024 - Data centre developer and operator NEXTDC (ASX:NXT) wants to raise the total amount it has asked investors for this year to a massive $2 billion, after revealing plan…

Iron ore steadies as Chinas steel industry struggles

11 Sep 2024 - August saw yet another series of mixed messages from China regarding its appetite for key commodities such as oil, coal, iron ore, and copper.

News Corp rejects shareholder demands to reform dual-class structure

10 Sep 2024 - News Corp has acknowledged receipt of a letter from the activist shareholder group, Starboard Value, but immediately rejected its claims that the company's current co…

Has the Reserve Bank missed its chance to ease economic pressures?

10 Sep 2024 - Has the Reserve Bank’s "control inflation at all costs" approach caused it to miss the chance to ease pressures on the economy?

Stocks of the Hour: Aruma Resources, Intra Energy Corporation, Audeara

10 Sep 2024 - A snapshot of the stocks on the move, featuring Aruma Resources (ASX:AAJ), Intra Energy Corporation (ASX:IEC) and Audeara (ASX:AUA).

Anglo American's coal mine sale faces hurdles due to price drop

10 Sep 2024 - Monday, September 9, was the date Anglo American had indicated it would begin receiving bids for its five central Queensland coking coal mines.

Premier Investments faces slump in sales and earnings

10 Sep 2024 - Has sales and earnings growth stalled for Solomon Lew’s Premier Investments?

China's consumer prices rise slightly, but weak demand persists

10 Sep 2024 - Inflation continues to tiptoe its way back into the Chinese economy, but for that, the Chinese government can thank another surge in food prices, especially the volat…

Westpac CEO Peter King to retire

10 Sep 2024 - The news on Monday that Westpac (ASX:WBC) CEO Peter King is set to retire later this year (after overseeing the 2023-24 annual results in early November) definitely t…

Westgold Resources and Yancoal to join ASX 200 and 300 indexes amid market shifts

10 Sep 2024 - Westgold Resources (ASX:WGX) and Yancoal (ASX:YAL) are set to be included in the ASX 200 and 300 indexes, as three formerly high-profile stocks were dropped.

Aldi UK reports record revenues despite market share dip

10 Sep 2024 - The annual UK results of discount supermarket giant Aldi have undermined analysts' and others' obsession with market share.

Beyond AI: Tech industry Faces Post-2022 Slowdown

10 Sep 2024 - Enthusiasm surrounding artificial intelligence (AI) is overshadowing broader struggles across the technology sector, with many companies still grappling with the slow…

Stocks of the Hour: Adelong Gold, Adacel Technologies, Neurotech International

09 Sep 2024 - A snapshot of the stocks on the move, featuring Adelong Gold (ASX:ADG), Adacel Technologies (ASX:ADA) and Neurotech International (ASX:NTI).

Fed prepares for rate cut as AI and tech stocks face investor scrutiny

09 Sep 2024 - This week presents a heady mix of developments, including interest rates in Europe, inflation in China and the US, and share markets shifting focus from economic fact…

Embattled Star Entertainment offloads treasury site for $67.5 million

09 Sep 2024 - Star Entertainment (ASX:SGR) has sold its Treasury property in Brisbane, as the embattled gaming giant scrambles for fresh financing and a tax reprieve to manage cost…

OPEC+ price boost fails as global oil markets tumble

09 Sep 2024 - The OPEC+ group’s latest attempt to boost global oil prices collapsed within a day of its announcement on Thursday. On Friday, US West Texas Intermediate (WTI) crude …

Chinese markets slip as central bank hints at rate cuts

09 Sep 2024 - China was expected to release its monthly trade data on Saturday, September 7. It typically releases this data on the 7th day of the following month, except at the st…

China's gold reserve stays steady amid record price increases

09 Sep 2024 - Gold bugs will be beside themselves as China has stayed out of the very expensive gold market for the fourth month in a row.

Stocks of the Hour: Osmond Resources, Enova Mining, Marquee Resources

06 Sep 2024 - A snapshot of the stocks on the move, featuring Osmond Resources (ASX:OSM), Enova Mining (ASX:ENV) and Marquee Resources (ASX:MQR).

WA lithium producer hits the brakes on expansion

06 Sep 2024 - It's happened in WA nickel, and now it's happening in lithium. Australian-US lithium producer Arcadium Lithium (ASX:LTM) has suspended future expansion plans for its …

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