Pacific Perspectives
Santos gets the final green light for $5.8b Barossa gas project
Santos’ flagship $5.8 billion Barossa gas project in the Timor Sea has been granted its last major regulatory approval, clearing the way for the major offshore field to finally begin full production within months. The…
Australian dollar soars amid Trump-Fed tug of war
The Australian dollar surged to its highest peak this year as US President Donald Trump’s persistent criticism of the Federal Reserve rattled Wall Street, driving the US currency to a three-year low and shaking investor…
ASX headed for bear market as ‘profit recession’ looms
Australian shares are careering towards a bear market as US President Donald Trump’s trade war starts to hit the bottom line of ASX-listed companies and central banks delay cutting interest rates, delivering a fresh blow…
Dow jumps 1,000 points Tuesday to snap four-day string of losses: Live updates
Stocks rallied Tuesday on hopes that U.S.-China trade tensions could ease soon, as investors recovered from the steep declines suffered in the previous session. The Dow Jones Industrial Average rose 1,016.57 points, or 2.66%, to close at…
Tesla shares tumble ahead of first-quarter earnings report
Tesla shares fell almost 6% on Monday, a day ahead of the electric vehicle company’s first-quarter earnings report, as analysts fret over “ongoing brand erosion.” The stock closed at $227.50 leaving it less than $6 above…
Inside the biggest investor uprising in three decades
Investor anger over the James Hardie deal has drawn comparisons to the 1993 investor rebellion against Rupert Murdoch’s plans for “super voting shares”. Now the ASX is in the gun. Financial markets are built on…
ASX to rise, but Wall Street roils after Trump dials up Fed attacks
Australian share futures were pointing higher, but gains may prove shortlived after US President Donald Trump stepped up criticism of Federal Reserve chairman Jerome Powell that sent Wall Street tumbling. ASX futures – which last…
Morgan Stanley warns clients ASX will barely rise this year
The Australian sharemarket will barely rise over the year despite a broader economic slowdown allowing the Reserve Bank of Australia to cut interest rates more rapidly than expected, Morgan Stanley says. The Wall Street investment…
Futures are little changed after stocks tank on Trump’s latest jab at Fed: Live updates
Stock futures sat near flat Monday night following a rough day on Wall Street, as President Donald Trump’s latest criticism of Federal Reserve Chair Jerome Powell drove up uncertainty. Futures tied to the Dow Jones Industrial…
Experts see higher stagflation risks. Here’s what it means for your money
Weary consumers, already grappling with high prices, now face an added potential risk: stagflation. Stagflation — an economic term used to describe a combination of rising inflation, slower economic growth and high unemployment — may…