Market News

Treasury Wine Estates (ASX:TWE) has agreed to pay $65m to settle two class action lawsuits related to its profit downgrade at the start of 2020. The amount will be met out of available insurance proceeds. TWE said the settlement was a “commercial decision” with “no admission of liability”. The court proceedings were started after TWE […]

An expensive delay for TPG Telecom (ASX:TPG), which has seen a $1bn fall in the price of its fibre network infrastructure assets and its enterprise, government and wholesale fixed business to Vocus Group (ASX:VOC). The deal was done yesterday at a price of $5.250bn. That  includes a future $250m on performance payments. In August last

Hiremii Limited (ASX:HMI) Managing Director and CEO Andrew Hornby discusses revolutionising recruitment through AI integration, touching on the company’s revenue growth, international expansion, and opportunities in the resources and energy sectors. Hamish McCathie: Welcome back to Table for Two, where we delve into the minds of industry leaders shaping the future. Today we’re joined by

Xref Limited (ASX:XF1) has entered an Exclusivity Deed with Seek Limited after receiving a non-binding offer to acquire its shares for $0.2181 each, allowing SEEK four weeks for confirmatory due diligence during which Xref cannot engage with other offers. Shares are trading 55.56 per cent higher at 21 cents. Sunstone Metals Ltd (ASX:STM) has raised

The Australian sharemarket has surged in its first session of the week, drawing strong momentum from US markets and bringing the index within 40 points of the record closing high achieved last month. At 11:45am, the S&P/ASX 200 is 0.32 per cent higher at 8,240.90. The SPI futures are pointing to a gain of 23

Deflation deepened across the Chinese economy in September, highlighting a problem that the government has so far refused to tackle with its tentative stimulus measures. China’s consumer inflation rate fell, while producer price deflation again deepened, as revealed by the National Bureau of Statistics on Sunday. The consumer price index (CPI) rose 0.4% from a

The ASX is set for a solid opening on Monday morning following a 46-point gain in share price index futures trading on Friday night. However, this gain may be tempered by the unknown reaction to yet another lackluster stimulus announcement from the Chinese government on Saturday. This announcement marked the third stimulus in three weeks,

The S&P 500 and Dow Jones surged to new highs on Friday, concluding a successful week as major banks kicked off the third-quarter earnings season on a positive note. The broad index rose by 0.61 per cent, finishing at 5,815.03, while the Dow jumped 409.74 points, or 0.97 per cent, closing at 42,863.86. Both indices

Eighteen months after the regional banking crisis—which many analysts claimed foreshadowed larger issues for the country’s banks and the economy—America’s banks appear to be in robust health, based on the first round of September quarter earnings reports from major players like JPMorgan Chase and Wells Fargo. Capital levels are strong, lending is solid, trading income

For the second time in a week, China has left investors questioning what the term “stimulus” really means. On Saturday, China’s finance ministry unveiled a fiscal stimulus package filled with vague ideas aimed at reviving the stagnating economy, yet again failing to disclose the size, scope, and timing of the new measures. Five days earlier,