Finance News Network - Latest News The latest news from Finance News Network across all categories. https://www.finnewsnetwork.com.au/ en Finance TV Pty Ltd - All Rights Reserved 30 Saturday Sunday Mining giants put a lid on losses, RBA won't sell bonds: ASX closes 0.1% higher 23 May 2022 - The ASX eked out a gain after hearing that Beijing reported a record number of Covid-19 cases, renewing concerns the capital may face another lockdown. Beijing reported a spike of 99 cases on Sunday, a new record, causing concerns about what would happen if they move down the path of what happened in Shanghai. https://www.finnewsnetwork.com.au/archives/finance_news_network381729.html Mon, 23 May 2022 06:44:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network381729.html Earnings miss pivots Incitec's jump (ASX:IPL) to a fall 23 May 2022 - Incitec Pivot's (ASX:IPL) first half results saw a beat on revenue but a miss on earnings, erasing a 7.5 per cent jump to a 4.3 per cent tumble to $3.58 at time of writing. https://www.finnewsnetwork.com.au/archives/finance_news_network381728.html Mon, 23 May 2022 05:45:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381728.html Elders (ASX:ELD) shares jump on upgraded guidance 23 May 2022 - Elders (ASX:ELD) upgraded its FY22 guidance following a strong performance in all product areas and geographies during the six months to March 31. https://www.finnewsnetwork.com.au/archives/finance_news_network381726.html Mon, 23 May 2022 03:38:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381726.html Australia's new government - what does it mean for investors? 23 May 2022 - Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the election results. https://www.finnewsnetwork.com.au/archives/finance_news_network381724.html Mon, 23 May 2022 02:03:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network381724.html Beijing reports record Covid cases, Tech falls, Could ASX give back gains? At noon, up 0.4% 23 May 2022 - Australian stocks extend their relief-rally, following Anthony Albanese sworn in as Australia’s 31st prime minister. Nationals voted in a new government that has earmarked climate change, cost-of-living pressures, and cryptocurrency regulation as key policy issues to address. At noon, the S&P/ASX 200 is 0.4% or 27 points higher at 7,172. The SPI futures are pointing to a rise of 26 points. https://www.finnewsnetwork.com.au/archives/finance_news_network381725.html Mon, 23 May 2022 01:55:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network381725.html Labor pledges tax break for EV cars, Iron ore snaps 4-wk losing streak on China policy hopes 23 May 2022 - An overview of the iron ore price, what happened, and what it means for the ASX today, including Fortescue Metals (ASX:FMG), Imdex (ASX:IMD), Mineral Resources (ASX:MIN), and Lake Resources (ASX:LKE). https://www.finnewsnetwork.com.au/archives/finance_news_network381723.html Mon, 23 May 2022 01:35:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381723.html Stocks of the Hour: Antipa Minerals, Anson Resources & Strike Energy 23 May 2022 - A snapshot of the stocks on the move featuring Antipa Minerals (ASX:AZY), Anson Resources (ASX:ASN) & Strike Energy (ASX:STX). https://www.finnewsnetwork.com.au/archives/finance_news_network381721.html Mon, 23 May 2022 01:30:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381721.html Codan (ASX:CDA) still expects record FY22 profit 23 May 2022 - Codan (ASX:CDA) still expects record FY22 profit despite warning that the timing of project sales or challenges in supply chains could still impact revenues and profitability towards the end of the financial year. https://www.finnewsnetwork.com.au/archives/finance_news_network381722.html Mon, 23 May 2022 00:59:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381722.html Earnings round-up: retail therapy 23 May 2022 - Normally the final weeks of the March quarter US earnings season are ignored by most investors, analysts and others in the markets because there are no big names reporting – mostly smaller retailers and some ‘rats and mice’ – the usual market-moving megatechs, energy giants and industrials having already slipped out their reports and moved on to holding their annual meetings. https://www.finnewsnetwork.com.au/archives/finance_news_network381720.html Mon, 23 May 2022 00:24:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381720.html Commodities corner: renewed focus 23 May 2022 - The main impact of the Australian election result will be to underline the continuing importance of green minerals and other products to future growth as climate change policies and spending move to centre stage. https://www.finnewsnetwork.com.au/archives/finance_news_network381719.html Mon, 23 May 2022 00:22:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381719.html Diary: On with the show, this is it 23 May 2022 - For Australia, the focus will likely be on the aftermath of Saturday’s Federal election, but while that catches the headlines, all things business and economics will continue. https://www.finnewsnetwork.com.au/archives/finance_news_network381718.html Mon, 23 May 2022 00:21:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381718.html Keep an eye on Core Lithium 23 May 2022 - Fairmont Equities Managing Director Michael Gable takes a technical look at Core Lithium (ASX:CXO), Webjet (ASX:WEB), JB Hi-Fi (ASX:JBH) and Bank of Queensland (ASX:BOQ). https://www.finnewsnetwork.com.au/archives/finance_news_network381710.html Mon, 23 May 2022 00:20:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network381710.html Out of the teal world and into the real world 23 May 2022 - Saturday’s federal election result shouldn’t have too much impact, if any, on markets this week. https://www.finnewsnetwork.com.au/archives/finance_news_network381717.html Mon, 23 May 2022 00:20:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381717.html Chinese property sector slip slidin' away 23 May 2022 - China’s collapsing housing sector is like a slow-moving train wreck – passengers, drivers, the guard and other officials all know what the situation is but no one is game to pull on the emergency cord to try and halt the disaster now well underway. https://www.finnewsnetwork.com.au/archives/finance_news_network381716.html Mon, 23 May 2022 00:19:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381716.html Where are all the chairs now the music has stopped? 23 May 2022 - Are there any such things as safe havens when inflation is rampant (9% in the UK in April, 8% plus in the US) and forcibly reshuffling the deck of investment cards? https://www.finnewsnetwork.com.au/archives/finance_news_network381715.html Mon, 23 May 2022 00:17:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381715.html Trafigura taking lithium supply matters into its own hands 23 May 2022 - Unlike Tesla’s Elon Musk who continues to whine about the cost of key renewable miners such as lithium and the shortage – now and projected out to 2030 – there’s one major global player which is making sure it can get its hands on its share of these key commodities to set itself up for the evolving boom. https://www.finnewsnetwork.com.au/archives/finance_news_network381714.html Mon, 23 May 2022 00:13:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381714.html America's battery corridor 12 May 2022 - Market analyst Regina Meani discusses Arizona Lithium (ASX:AZL). https://www.finnewsnetwork.com.au/archives/finance_news_network381713.html Mon, 23 May 2022 00:07:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network381713.html Incitec Pivot (ASX:IPL) increases first half earnings 23 May 2022 - Incitec Pivot (ASX:IPL) increased its first half earnings after seeing a "strong commodity environment" during the financial year despite inflationary pressures. https://www.finnewsnetwork.com.au/archives/finance_news_network381711.html Sun, 22 May 2022 23:39:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381711.html Is this just a bear market or are we headed towards recession? 23 May 2022 - With S&P500 touching official ‘bear market’ territory on Friday night, leading market experts are now starting to highlight the risk of a US recession in 2023. If that’s the case the market can expect further downside if history is any indicator. As it stands US indexes are all posting 7 week losing streaks, with the DOW posting its first 8 week losing streak since 1923. https://www.finnewsnetwork.com.au/archives/finance_news_network381709.html Sun, 22 May 2022 22:30:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network381709.html ASX closes up 1.2%, buoyed by tech: Aus shares snap 4-week losing streak 20 May 2022 - The ASX ended the week on a high, bouncing back from Thursday’s losses as Aussie investors shrugged off declines on Wall Street ahead of the Federal election tomorrow. The week saw mixed reactions after investors digested the latest wage figures and unemployment rates. Also having an impact were recession fears around the globe and China’s Covid news. https://www.finnewsnetwork.com.au/archives/finance_news_network381706.html Fri, 20 May 2022 06:50:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network381706.html New Labor Government, Recession fears, Back to 1974 for jobless, Petrol prices back to highs 23 May 2022 - Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, the coronavirus, economic activity trackers, major global economic events and Australia economic events. https://www.finnewsnetwork.com.au/archives/finance_news_network381704.html Fri, 20 May 2022 05:25:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network381704.html Calix (ASX:CXL) to receive $11m for low emissions project with Adbri (ASX:ABC) 20 May 2022 - The Australian Government has awarded Calix (ASX:CXL) an $11 million grant to develop low emissions lime with its project partner Adbri (ASX:ABC). https://www.finnewsnetwork.com.au/archives/finance_news_network381702.html Fri, 20 May 2022 04:42:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381702.html Growth potential acts as buying catalyst for Chalice Mining (ASX:CHN) 20 May 2022 - Chalice Mining (ASX:CHN) has received all final outstanding approvals to enable the drilling of the higher priority targets in the State Forest. https://www.finnewsnetwork.com.au/archives/finance_news_network381703.html Fri, 20 May 2022 04:30:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381703.html NSW Court approves Tabcorp (ASX:TAH) demerger 20 May 2022 - The Supreme Court of NSW has approved the demerger of the Lottery Corporation from gambling giant Tabcorp (ASX:TAH). https://www.finnewsnetwork.com.au/archives/finance_news_network381701.html Fri, 20 May 2022 03:55:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381701.html ASX jumps 1.1% on Federal election fever, BHP & Novonix soars, defying inflation fears for now 20 May 2022 - The federal election may bolster the nation’s shares regardless of who wins, if history is a guide. The ASX 200 has risen in the three months following eight of the last 10 votes with average gains since 1993 during the post-election period coming in at 2.4 per cent, according to Bloomberg. https://www.finnewsnetwork.com.au/archives/finance_news_network381695.html Fri, 20 May 2022 02:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network381695.html Stocks of the Hour: BetMakers, Novatti & Etherstack 20 May 2022 - A snapshot of the stocks on the move featuring BetMakers Technology (ASX:BET), Novatti (ASX:NOV) & Etherstack Wireless (ASX:ESK). https://www.finnewsnetwork.com.au/archives/finance_news_network381694.html Fri, 20 May 2022 01:30:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381694.html Australian coal on a tear as decoupling from Russia continues 20 May 2022 - A snapshot of the coal stocks on the ASX featuring, Whitehaven Coal (ASX:WHC), Yancoal Australia (ASX:YAN), and Terracom (ASX:TER). https://www.finnewsnetwork.com.au/archives/finance_news_network381693.html Fri, 20 May 2022 00:25:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381693.html Woolworths (ASX:WOW) to buy 80% stake in MyDeal 20 May 2022 - Supermarket giant Woolworths (ASX:WOW) is set to purchase an 80% stake in online marketplace retailer MyDeal.com.au (ASX:MYD) for $1.05 per share. https://www.finnewsnetwork.com.au/archives/finance_news_network381692.html Fri, 20 May 2022 00:09:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381692.html S&P 500 on cusp of bear market, Credit Suisse's view on A2 Milk, APA Group on watch: ASX to dip 20 May 2022 - Wall St closed lower as global indexes posted declines on mounting recession concerns. Shares in China bucked the trend as hopes continue to grow on the easing of lockdown restrictions in June. https://www.finnewsnetwork.com.au/archives/finance_news_network381690.html Thu, 19 May 2022 22:30:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network381690.html Recession fears trigger equities rout, leaving retailers in the dust: ASX closes 1.7% lower 19 May 2022 - More pain for investors as a wave of selling on recession and inflation fears exacerbated by profit misses from retail giants Target and Walmart hit US markets, with the S&P/ASX 200 closing 1.7 per cent or 118 points lower at 7,065, ending its four day winning strea https://www.finnewsnetwork.com.au/archives/finance_news_network381686.html Thu, 19 May 2022 07:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network381686.html Creasy ups interest in Galileo Mining (ASX:GAL) & Australian Potash (ASX:APC) 19 May 2022 - Despite base metal prices continuing their slide amid the US Federal Reserve reaffirming its hawkish outlook, shares in Galileo Mining (ASX:GAL) have more than tripled this year and today saw more of the same with a jump of 4.9%, bucking the trend as the ASX tumbles almost 2%. https://www.finnewsnetwork.com.au/archives/finance_news_network381688.html Thu, 19 May 2022 05:10:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381688.html Unemployment fell to 3.9%, lowest since 1974, 0.4% hike expected for RBA next month 19 May 2022 - Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the labour market and the implications for the RBA. https://www.finnewsnetwork.com.au/archives/finance_news_network381687.html Thu, 19 May 2022 03:00:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network381687.html Jobless rate to 3.9%, Aristocrat jumps as retailers tumble, inflation haunts: ASX dives 1.5% at noon 19 May 2022 - Consumer staples and discretionary stocks are leading the dive on the Australian sharemarket, shrugging off the improved labour market, giving back 3 days of gains. https://www.finnewsnetwork.com.au/archives/finance_news_network381685.html Thu, 19 May 2022 02:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network381685.html Stocks of the Hour: Aristocrat Leisure, Webjet, Boral 19 May 2022 - A snapshot of the stocks on the move featuring, Aristocrat Leisure (ASX:ALL), Webjet (ASX:WEB), Boral (ASX:BLD). https://www.finnewsnetwork.com.au/archives/finance_news_network381684.html Thu, 19 May 2022 01:50:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381684.html Real wages a case of for richer, for poorer 19 May 2022 - While today’s jobs data for April will be solid, it will not be able to offset the disappointment in yet another quarter of weak wages growth which has left millions of Australian workers even further behind the inflationary curve. https://www.finnewsnetwork.com.au/archives/finance_news_network381683.html Thu, 19 May 2022 00:22:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381683.html US funds cash holdings highest since 9/11 19 May 2022 - The latest monthly survey of big global fund managers from Bank of America reveals a gloomy lot of investors who have gone back to high cash holdings as they try and work out if the US is sliding into recession; understand the impact of the Ukrainian invasion by Russia, China’s slow down and the fallout from rising interest rates around the world. https://www.finnewsnetwork.com.au/archives/finance_news_network381682.html Thu, 19 May 2022 00:20:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381682.html S&P 500 dives to its worst day since 2020, Super Retail, Wesfarmers, Healius on watch: ASX to plunge 19 May 2022 - Wall St had a market meltdown as several retail giants posted margin pressure from rising fuel, freight costs, and soaring inflation. Westpac trades ex-dividend today. https://www.finnewsnetwork.com.au/archives/finance_news_network381681.html Wed, 18 May 2022 22:50:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network381681.html Miners lead ASX rally, Travel stocks lift: Aus shares finish 1% higher 18 May 2022 - Australian shares closed higher for a fourth day following an overnight rally on Wall Street. The local index held on to its gains during the afternoon session, while investors digested the latest wage figures, which rose at a softer-than-expected 0.7 per cent over the March quarter and 2.4 per cent over the past year. Given the growing divide between wages and the cost of living, the print may send a signal to the Reserve Bank of Australia to consider hiking the cash rate by 40 basis points rather than the standard 25 basis point move at its June meeting. https://www.finnewsnetwork.com.au/archives/finance_news_network381678.html Wed, 18 May 2022 06:51:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network381678.html Fundamental dive into Macquarie, CBA, Judo Bank and Monash IVF 18 May 2022 - Fund Manager Chris Pedersen discusses Macquarie Group, Judo Capital Holdings, CBA and Monash IVF. https://www.finnewsnetwork.com.au/archives/finance_news_network381675.html Wed, 18 May 2022 04:27:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network381675.html Barclay pours $75m into Barrenjoey Capital 18 May 2022 - Barclay invested another $75 million into investment bank Barrenjoey Capital, which is backed by Magellan (ASX:MFG). https://www.finnewsnetwork.com.au/archives/finance_news_network381677.html Wed, 18 May 2022 04:08:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381677.html The falls in share markets this year - the bad news and the good 18 May 2022 - Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses share market falls this year. https://www.finnewsnetwork.com.au/archives/finance_news_network381674.html Wed, 18 May 2022 02:33:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network381674.html Worley (ASX:WOR) receives a 3-year contract from Shell 18 May 2022 - Global engineering provider Worley (ASX:WOR) has been awarded a three-year engineering and procurement services contract by Shell to support five of its assets in the Gulf of Mexico https://www.finnewsnetwork.com.au/archives/finance_news_network381673.html Wed, 18 May 2022 02:30:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381673.html Wage print prompt concerns on 40bp rise, Sayona soars 22% in 3 days: ASX up 0.7% at noon 18 May 2022 - Australian shares are on track to continue its winning streak for its 4th straight day after taking a strong lead from Wall St. The local index trimmed back its gains from its 1.2 per cent jump prior to digesting the latest wage price index figures pointing to a 0.7% rise in the March quarter and an annual wage growth to 2.4%, a signal to give the Reserve Bank of Australia the reason to consider hiking the cash rate by 40 basis points in its June meeting. https://www.finnewsnetwork.com.au/archives/finance_news_network381671.html Wed, 18 May 2022 02:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network381671.html Stocks of the Hour: Eagers Automotive, Boral & EMVision Medical 18 May 2022 - A snapshot of the stocks on the move featuring Eagers Automotive (ASX:APE), Boral (ASX:BLD) & EMVision Medical Devices (ASX:EMV). https://www.finnewsnetwork.com.au/archives/finance_news_network381669.html Wed, 18 May 2022 01:30:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381669.html Berkshire filing makes for fascinating reading 18 May 2022 - 2022 has been a very active year in the stockmarket so far for Warren Buffett as he has spent $US51 billion or more buying stakes in some surprising companies - some of which have already been revealed. https://www.finnewsnetwork.com.au/archives/finance_news_network381670.html Wed, 18 May 2022 00:58:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381670.html Integral Diagnostics (ASX:IDX) to acquire NZ Horizon Radiology 18 May 2022 - Integral Diagnostics (ASX:IDX) has agreed to acquire NZ-based Horizon Radiology in order to expand its presence in the Auckland market. https://www.finnewsnetwork.com.au/archives/finance_news_network381668.html Wed, 18 May 2022 00:32:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381668.html SRG Global (ASX:SRG) secures $95m contract with Aloca 18 May 2022 - SRG Global (ASX: SRG) has secured a $95 million civil infrastructure contract with US-based industrial company Alcoa. https://www.finnewsnetwork.com.au/archives/finance_news_network381665.html Wed, 18 May 2022 00:27:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381665.html Radiopharm Theranostics (ASX:RAD) - developing a portfolio of assets targeting cancer 18 May 2022 - Radiopharm Theranostics Limited (ASX:RAD) CEO and Managing Director Riccardo Canevari provides an update on the company's pipeline and discusses the recent licensing of an asset from UCLA. https://www.finnewsnetwork.com.au/archives/finance_news_network381667.html Wed, 18 May 2022 00:27:00 GMT Interviews https://www.finnewsnetwork.com.au/archives/finance_news_network381667.html BlueScope (ASX:BSL) upgrades guidance on strong steel prices 18 May 2022 - BlueScope Steel (ASX:BSL) has increased its earnings guidance for the second half of the 2022 financial year thanks to strong steel prices and spreads in the US despite a softer Aussie chain. https://www.finnewsnetwork.com.au/archives/finance_news_network381664.html Wed, 18 May 2022 00:26:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network381664.html Chimeric Therapeutics (ASX:CHM) expands cancer trials 18 May 2022 - Chimeric Therapeutics Limited (ASX:CHM) CEO and Managing Director Jennifer Chow provides an update on clinical trial progression, and discusses recent agreements with WuXi Advanced Therapies and Be The Match BioTherapies. https://www.finnewsnetwork.com.au/archives/finance_news_network381666.html Wed, 18 May 2022 00:00:00 GMT Interviews https://www.finnewsnetwork.com.au/archives/finance_news_network381666.html