Markets
Chinese go online for fresh food
Fresh food sales — with Australia a major supplier — boomed online during the recent Chinese New Year festival.
New trade doors open in China
The changing Chinese economy is providing new opportunities for Australian companies to do business in China.
ASX flags new order volatility
Dominic Stevens said market turnover had slowed in January but he expected continued volatility in the year ahead.
A sea of earnings tranquillity
The scarcity of company downgrades by analysts so far this earnings season has been encouraging.
Stocks close in the red
A strong quarterly update from ANZ failed to overcome disappointment in other company earnings.
Fund’s $600m lost week
Catalyst Hedged Futures Strategy fund backed the wrong horse in the Trump rally. Now it’s the talk of Wall Street.
Stocks slip into negative
The materials and healthcare sectors have dragged the local bourse back into negative territory during noon trade.
Slater reels from UK fallout
The law firm is at the mercy of lenders as its shares plunged yesterday on fresh outlook downgrade.
Star beaches Asian whales
The Star Entertainment Group is aggressively progressing plans to reduce its revenue reliance on Chinese ‘whales’.
ASX 200 TOP GAINERS & LOSERS
Company Name | Price | Change | %Change | |
---|---|---|---|---|
SEEK Limited | 15.78 | +0.85 | UP | +5.6932% |
Link Administration Holdings Limited | 7.50 | +0.30 | UP | +4.1667% |
Galaxy Resources Limited | 0.54 | +0.02 | UP | +2.8572% |
South32 Limited | 2.69 | +0.07 | UP | +2.6718% |
Oil Search Limited | 7.19 | +0.14 | UP | +1.9858% |
Mineral Resources Limited | 12.87 | -0.67 | Down | -4.9483% |
Beach Energy Limited | 0.70 | -0.03 | Down | -4.7945% |
Western Areas Limited | 2.62 | -0.12 | Down | -4.3796% |
Independence Group NL | 4.26 | -0.16 | Down | -3.6199% |
Orocobre Limited | 3.66 | -0.12 | Down | -3.1746% |
12:00AM AEDT
Stocks hit fresh 20-month high
The local market has defied a volatile session, marked by Telstra disappointment, to close in the black.
Dollar taps 3-month high
The Australian dollar remains above US77c, after touching its highest level since Trump was elected US president.
ASX turns negative by noon
The ASX was slightly weaker at midday with a sharp drop by Telstra helping to offset gains by miners and banks.
ASX hits new 20-month high
The sharemarket continued its strong run in early deals, although Telstra weighed after lacklustre earnings.
Wall St sets new records
Investors bought financial stocks and sold government bonds following data suggesting ongoing growth in the US economy.
Wesfarmers mulls Officeworks float
Officeworks, created by the old Coles Myer in 1994, could be cut loose by a market float to shine on its own.
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MORE STORIES
Kraft Heinz drops Unilever bid
Kraft Heinz has withdrawn its $186bn offer to buy rival Unilever, just 48 hours after its audacious merger bid.
Brickworks back in Boral talks
Bridget Carter, Scott MurdochBrickworks and Boral are believed to be in talks about a potential deal involving Boral’s roof tiles business.
NRW won’t bid for Macmahon
Bridget Carter, Scott MurdochMacmahon shareholders hoping for a third party to save it from the clutches of Cimic can scratch NRW off their list.
Buffett in market for Endeavour
Bridget Carter, Scott MurdochWarren Buffett is among the parties believed to comprise the fourth consortium bidding for Endeavour Energy.
FIRB hurdle for Yancoal bid
Bridget Carter, Scott MurdochYancoal is facing a tough task to build its war chest to spend $3 billion on Rio Tinto’s Hunter Valley coal assets.
Pressure on as ANZ card rate cut
Michael RoddanThe ANZ has caved to public pressure and cut credit card rates to their lowest point in more than a decade.
Gas carbon capture ‘cheaper’
MATT CHAMBERSCatching carbon from gas power plants can provide cheaper secure electricity than wind and solar
Super funds deny union donations
Michael RoddanAustralia’s union-backed industry superannuation funds have doused suggestions they donated millions to union groups.
Big money for Little Bay site
BEN WILMOTMalaysia’s TA Global Bhd has put the 11ha Little Bay Cove waterfront development site in Sydney’s eastern suburbs on the block
Optus plans wider EPL coverage
MITCHELL BINGEMANNThe No 2 telco says it is months away from unveiling a new content rights acquisition pitched to ‘family audiences’.