Pacific Perspectives
Aurizon slashes 200 jobs as Whyalla impairment bites
Rail haulage group Aurizon will scrap 200 full-time jobs as it tries to stem sliding profits and hauls less bulk commodities, partly because of big customers such as the Whyalla Steelworks being in administration. The…
Australian investors rake it in after buying the dip on Wall Street
Australian investors have capitalised on the exodus from Wall Street last month by snapping up beaten-down US stocks – a brave bet that paid off after a historic run for the S&P 500 Index at…
ASX to fall, US futures jump on China talks; Nuix pulls guidance
The Australian sharemarket looks set to fall, tracking losses on Wall Street overnight, but losses may prove shortlived on news that China and the US are meeting this week for trade talks. ASX futures were…
Stock futures rise on news of upcoming U.S.-China trade talks: Live updates
Stock futures advanced Tuesday night as investors monitored the latest updates on U.S. trade negotiations and looked toward the Federal Reserve interest rate announcement expected Wednesday afternoon. Dow Jones Industrial Average futures added 280 points, or 0.7%. S&P 500…
S&P 500 snaps nine-day winning run as uncertainty on tariff deals weighs on markets: Live updates
The S&P 500 fell Monday, ending a nine-day rally as investors monitored the latest developments on global trade. The broad-market index shed 0.64% to close at 5,650.38, while the Nasdaq Composite dipped 0.74% to end at 17,844.24. The Dow Jones…
Traders eye $US50 oil as OPEC rocks markets
Oil prices plunged towards a four-year low on Monday after the Organisation of the Petroleum Exporting Countries and its allies shocked the energy market with a huge increase in production, adding to demand woes from…
Here’s how Warren Buffett influenced Australia’s top fund managers
Billionaire investing legend and Wall Street icon Warren Buffett’s decision to step down from Berkshire Hathaway after 55 years at the helm has shocked Australia’s fund management industry despite his advanced years. Buffett, 94, told tens of…
How an influx of Chinese goods to Australia could affect rate cuts
An expected influx of Chinese goods into Australia from the damaging trade war between Beijing and Washington may arrive with steeper price tags for consumers, complicating the Reserve Bank’s task of containing inflation, one economist…
Stock futures are little changed as Wall Street looks to Fed policy meeting: Live updates
U.S. stock futures were little changed Monday night, as investors awaited the start of the Federal Reserve’s first policy meeting since President Donald Trump announced “reciprocal” tariffs in early April. S&P 500 futures flickered near the…
Stock futures inch lower after S&P 500 notches best winning streak in 20 years: Live updates
U.S. stock futures ticked down Sunday night as Wall Street comes off a winning week, with the S&P 500 logging its longest positive streak in two decades. Futures tied to the S&P 500 fell 0.3%.…