Pacific Perspectives
Stocks making the biggest moves midday: Morgan Stanley, ASML, Johnson & Johnson, SolarEdge and more
Check out the companies making headlines in midday trading. Morgan Stanley — Shares fell 3.6% despite the financial institution beating second-quarter estimates. Morgan Stanley earned $2.13 per share and saw $16.79 billion in revenue, while analysts anticipated earnings…
Santos bidders run ruler over billion-dollar rehabilitation costs
Fears that the cost of rehabilitating old gas fields and platforms could be higher than accounted for are emerging as a risk to the Abu Dhabi National Oil Company’s $36.4 billion takeover proposal for Santos.…
Endeavour delays its technology separation from Woolworths until 2030
Endeavour, the owner of the Dan Murphy’s and BWS chains, has abandoned a key plank of its separation from Woolworths, and the supermarket giant will run its key technology functions until the end of the…
ASX to rise, CAR Group CEO to exit amid profit warning
Australian shares are set to rebound after Wednesday’s retreat. Shares were higher in New York, recovering from an earlier swoon, after President Donald Trump denied he was poised to fire Federal Reserve chairman Jerome Powell.…
Market watchers warn Trump might not ‘chicken out’ of 30% tariffs on the EU
Global investors may be underestimating U.S. President Donald Trump’s commitment to follow through on his latest tariff threats, some market watchers have warned. In his latest trade policy update, Trump announced that he would be slapping 30%…
S&P 500 posts slim gain Monday as traders hope for lower tariffs before Aug. 1 deadline: Live updates
The S&P 500 edged higher on Monday even after President Donald Trump threatened high tariffs on more countries over the weekend. Losses were kept in check as investors bet those duties will eventually be negotiated down and…
Suncorp and IAG’s disaster profits come at taxpayer expense
There’s been a flood of good news for investors in Australia’s major listed insurers. Insurance Australia Group (IAG) and Suncorp got off very lightly from the impact of ex-tropical Cyclone Alfred, which delayed the federal…
Everything you need to know about Santos’ deep-pocketed suitor
With the Abu Dhabi-led $36.4 billion takeover offer for Santos needing a tick from Treasurer Jim Chalmers, there are questions being asked about the main player in the deal, XRG. The little-known reincarnation of Abu Dhabi National…
ASX to fall; Rio posts 13pc copper uplift
Australian shares are set to open lower after June data showed President Donald Trump’s tariffs are leading to higher consumer prices, bolstering the case for the Federal Reserve to hold rates steady for longer. Traders…
Stock futures slip as investors await more bank earnings and inflation data: Live updates
Stock futures ticked lower on Tuesday evening, as investors awaited earnings releases from several big banks and the latest wholesale inflation report. Futures tied to the Dow Jones Industrial Average pulled back 101 points, or 0.2%, while S&P…