Ampol, one of Australia’s leading service station operators, has entered a trading halt as it prepares to announce a substantial acquisition. The company is reportedly close to finalising a $1 …
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Commonwealth Bank of Australia has reported a record annual profit of $10.25 billion, attributing this success to an increase in loans provided to homeowners and businesses, which rose by $40 …
- Finance
Explained: How a $400 Million Blunder is Just One of the Stock Exchange’s Challenges
by adminOn Wednesday, Australia’s stock exchange faced a significant setback, resulting in a staggering $400 million loss for TPG Telecom due to a mix-up attributed to human error. The incident occurred …
- National
Leading Economist Reveals Australians Shut Out of the Housing Market are Embracing Micro-Investing
by adminYoung Australians amid soaring property prices are increasingly turning towards the stock market for investment, according to economist Tom Piotrowski. The current housing market has made home ownership elusive for …
- National
Abu Dhabi Rolls Out $30 Billion Cash Offer to Acquire Major Australian Oil Company
by adminA consortium of investors from the United Arab Emirates, led by XRG—part of the government-owned Abu Dhabi National Oil Company—has made a significant cash offer of nearly $30 billion to …
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On Wednesday (Thursday AEST), US financial markets took a substantial hit, with stocks, bonds, and the US dollar experiencing declines amid rising concerns about the stability of American assets. The …
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Warren Buffett, the renowned investor, has surprised shareholders by announcing his intention to retire at the end of the year. At a recent meeting, Buffett revealed his recommendation for Greg …
- Finance
Wall Street and the US Dollar Plummet as Trump Expresses Fury at Federal Reserve Chair
by adminIn recent trading, Wall Street experienced notable declines as global investors grew increasingly wary of U.S. markets, largely due to President Donald Trump’s ongoing trade disputes and his criticisms of …
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Financial markets typically react negatively to fear and uncertainty, creating a self-perpetuating cycle where declines fuel further fear. Recent downturns in global share markets are reminiscent of the turmoil experienced …
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Australian stocks suffered substantial losses this morning, shedding $35 billion in value as international markets reacted to sweeping tariffs imposed by US President Donald Trump. The S&P/ASX 200 Index plummeted …
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