Finance
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The risky business of carbon capture in Canada
Article content Oil companies are making billions of dollars in profits, so a new report asks why there haven’t been…
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Meeka Metals (ASX:MEK) developing gold and rare earths projects
Meeka Metals Limited (ASX:MEK) Managing Director and CEO Tim Davidson discusses recent gold and rare earths results and the outlook…
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Cathie Wood’s ARK dips into private investments
Cathie Wood’s ARK Investment Management on 27 September debuted the ARK Venture Fund, the firm’s first foray into private investments.…
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ASX erases yesterday’s gains: Aus shares close 0.5% lower
It was choppy trading on the ASX today with the S&P/ASX 200 commencing the session in positive territory, before…
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Wall Street pays $1.8bn in fines after traders use banned messaging apps
Eleven of the world’s largest banks and brokerages will collectively pay $1.8bn in fines to resolve regulatory investigations over their…
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Stuart Kirk slams coal divestments as ‘immoral’ in latest spat with ex-employer HSBC AM
HSBC Asset Management’s former responsible investing boss Stuart Kirk, who quit in July amid controversial comments he made on climate…
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Retail sales resilient in August, 2021-22 budget deficit at $32bn, down from $80bn projected
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses Australian retail spending. Australian retail spending rose…
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ASX marginally lower: Aus shares down 0.3% at noon
The ASX gave up modest gains in this morning’s trade to dip into the red at lunchtime trading. At noon,…
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Stocks of the Hour: Critical Resources, QX Resources, Sabre Resources, Asra Minerals
Critical Resources (ASX:CRR) announced today assay results from the current diamond drilling campaign at the Company’s 100% owned Mavis Lake…
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The energy crisis is likely to last years
By Michael Collins, Magellan Europe is restarting mothballed coal-based power plants because the benchmark electricity price has exceeded 1,000% above its…
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Renewables rejuvenating mining sector
Transitioning away from fossil fuels and towards renewables is breathing new life, new investment and new jobs into the NSW…
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Synlait milking turnaround for all it can
The recovery in the fortunes of dairy companies on both sides of the Tasman continues with news from NZ-based Synlait…
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$US strength remains the dominant theme
US equities were mixed in fairly choppy Tuesday trading, closing off the worst levels however. The dominant theme remains the…
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Carnarvon talking loud, saying little
Was Carnarvon Energy (ASX:CVN) trailing a very transparent coat on Tuesday with a distinctly un-newsworthy statement on its attractiveness and…
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KPMG junior in Carillion forgery case should have questioned orders, tribunal says
Former KPMG accountant Pratik Paw should have questioned the “highly unusual” instructions he received from his superiors to create meeting…
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Investors push for sale of TP ICAP’s Parameta
Shareholders are pressing TP ICAP to sell off its post-trade data and analytics arm Parameta. According to Sky News, the…
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Celsius boss Alex Mashinsky quits amid flood of crypto executive resignations
Celsius chief executive Alex Mashinsky has quit his job months after the embattled crypto lender filed for chapter 11 bankruptcy…
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Gilt yields fall from four-decade surge as Treasury tries to calm bond markets
UK government bonds rallied strongly on 27 September, forcing yields down from multi-year highs, as the selloff sparked by the…
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Jupiter’s new chief plans restructure to revive struggling asset manager
The incoming chief executive of Jupiter Asset Management has told staff that the FTSE 250-listed group will undergo a restructuring…
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Boutique Qatalyst Partners pays London dealmakers £1.3m after bumper year
A boutique investment bank specialising in big-ticket technology deals paid a handful of London-based dealmakers an average of £1.3m last…
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Ex-Credit Suisse chair António Horta-Osório joins PE firm Cerberus Capital Management
Former Credit Suisse chair Sir António Horta-Osório has joined Cerberus Capital Management as a senior adviser in Europe, adding to…
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Goldman Sachs’ European ECM and leveraged finance team hit hardest by layoffs
Goldman Sachs’ equity capital markets and leveraged finance teams bore the brunt of its latest cut-backs in its European investment…
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Freetrade turns to crypto for European growth, plans to break even in 2024
Freetrade has set its sights on cryptocurrencies as part of a push into Europe, as the well-known trading app plans…
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FCA COO Emily Shepperd: ‘I’m someone who likes to run towards fires’
Emily Shepperd is one of FN’s 100 Most Influential Women in Finance 2022. The list will be published on 17 October here. The…
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Larry Summers blasts UK tax cuts as ‘utterly irresponsible’ and warns of possible contagion
Larry Summers Cameron Costa | CNBC LONDON — Former U.S. Treasury Secretary Larry Summers on Tuesday warned that the U.K.…
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Helena Morrissey to step down as AJ Bell chair over CEO succession
Baroness Helena Morrissey has stepped down as chair of online investment platform AJ Bell after less than a year in…
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FTX wins auction to acquire bankrupt crypto firm Voyager with $1.42bn bid
FTX has won an auction to acquire bankrupt cryptocurrency lender Voyager Digital with a bid valued at $1.42bn. The valuation comprises $1.31bn…
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ASX edges higher to close in positive territory: Aus shares close up 0.4%
The ASX managed to close in the green on Tuesday trading despite a weaker Wall Street, ending a three-day run…
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UK funds industry assets top £10tn, but trade body warns over future growth
The trade body representing UK asset managers has warned that the pace of growth that helped to buoy industry assets under…
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Shares sliding again – what’s driving it and is there any light at the end of the tunnel?
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses drivers behind share market pressure, further risks,…
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Crédit Agricole subsidiaries to settle alleged US sanctions breaches
Two subsidiaries of French bank Crédit Agricole’s corporate and investment banking arm have agreed to pay more than $1.12m in civil penalties…
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Stocks of the Hour: Magnis Energy Technologies, Sayona Mining, Pure Hydrogen, Ragusa Minerals
Magnis Energy Technologies (ASX:MNS) today announced that it has completed an update to the 2016 Bankable Feasibility Study (BFS) for…
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ASX in the green despite Wall Street falling overnight: Aus shares 0.3% higher at noon
The ASX is trading higher this morning despite the Dow Jones index entering a bear market overnight, and the British…
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How to get exposure to the clean energy transition
Katana Asset Management Portfolio Manager Romano Sala Tenna discusses ASX valuations, getting exposure to clean energy, investment philosophy and market…
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More messing about than merging and acquiring
Monday saw the death knell finally rung for two of the… shall we say, less professional business entanglements in recent…
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Sigma pays big time for lack of direction
Investors in Sigma Healthcare (ASX:SIG) reacted negatively to yesterday’s half year results, details of a major change in strategy and…
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Surging $US playing havoc with financial markets and global trade
US equities sank as the US dollar hit a record high against the British pound, adding volatility to markets already…
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Costa shares lose double digits as CEO departs
Investors took fright at the shock departure Monday of Costa Group (ASX:CGC) CEO Sean Hallahan after only 18 months in…
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Tamboran-Origin deal paves way for Beetaloo development
Tamboran Resources (ASX:TBN) struck a deal last week to acquire all of Origin’s exploration permits in the Beetaloo Basin (EP…
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HSBC trims UK investment bankers as layoffs pick up pace
HSBC has trimmed front-line staff from its investment bank in the UK, as a dealmaking slump this year is set…
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OECD predicts Bank of Canada will hike interest rate to 4.5% in 2023
Article content The Organisation for Economic Co-operation and Development expects the Bank of Canada to raise its policy interest rate…
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Can Liz Truss’ mini-budget really revive UK business?
Joseph C. Sternberg is a member of the Wall Street Journal’s editorial board and the political economics columnist The UK’s…
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Fund managers urge BoE action as potential rates announcement imminent
Fund managers are concerned about the high level of borrowing needed to fund the UK government’s multi-billion pound tax cut…
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Turquoise Hill now a battle of wills
Rio Tinto (ASX:RIO) CEO Jakob Stausholm made it clear his company will not be lifting its offer for the 49%…
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Credit Suisse set to roll out new retention bonuses for UK dealmakers
Credit Suisse is set to extend retention bonuses to a select band of senior dealmakers in London in a bid…
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Coles finally siphons off petrol Business
Coles (ASX:COL) is finally out of direct selling of petrol, almost four years after rival Woolies bailed out of the…
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Bond vigilantes return to target the pound
They’re back. The bond vigilantes, a phrase coined in the 1980s to describe the herd of investors that punish authorities…
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Soul Patts, Brickworks deliver as expected
After thermal coal miner and exporter New Hope Corporation revealed a massive surge in net profit (more than 1,100%) for…
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Pound hits record low after tax-cut plan sparks sell-off
The British pound fell to a record low against the dollar in early Asian trade on 26 September as selling continued…
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No local shake-out at Fonterra after all
The world’s biggest dairy company, New Zealand’s Fonterra (ASX:FSF), will keep its Australian operations, deciding not to sell after having…
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