All news

South32 NSW coal mine output to be lower

Full-year production at South32’s Illawarra Metallurgical Coal operations is likely to drop sharply after operations at one of the site’s two mines remained suspended for an extended period. The diversified miner now expects to produce 4.5 million tonnes of coal from Illawarra, where operations at the Appin mine have been repeatedly affected by a build-up…

Stocks to watch

Stocks to watch on the Australian stock exchange: AWE – AWE – down seven cents, or 10 per cent, at 63 cents The Chinese state-owned energy corporation interested in buying the Australian oil and gas group withdrew its $430 million bid. HVN – HARVEY NORMAN – up 25 cents, or 6.25 per cent, at $4.25…

Retail relief at soft Amazon Aussie debut

Australia’s retailers have had a reprieve – however brief – with Amazon’s local online operation underwhelming analysts with a debut offering featuring a narrower than expected product range and smaller than expected discounts. Amazon.com.au went live in the early hours of Tuesday with more than 20 categories ranging from toys, sports, tools, beauty and clothing….

Aust shares look set to open lower.

The Australian share market looks set to open lower, ignoring widespread optimistic sentiment following the passage of the Republican tax reform bill through the US Senate, At 0700 AEDT on Tuesday, the share price futures index was down 17 points, or 0.28 per cent, at 5,979. In the US, the Dow Jones Industrial Average and…

$A is steady against a stronger greenback

The Australian dollar is steady against a stronger greenback which lifted following the US tax reform bill’s passage through the Senate. At 0635 AEDT on Tuesday, the Australian dollar was worth 75.97 US cents, unchanged from Monday. Westpac’s Imre Speizer says markets sentiment had remained elevated after the passage through the Senate of the Republican’s…

CommSec Daily Report Tuesday

Latest NewsLocal shares opened weaker on Tuesday with investors cautious ahead of a range of economic data releases domestically. The ASX200 was more than 30 points or 0.5% lower as weakness in the banks weighed on the broader market. However most of the losses have been recovered at lunch with the ASX 200 a touch…

China says its ‘open’ internet accounts for a third of economy

China’s digital economy accounts for nearly a third of gross domestic product, according to a report released at an annual cyberspace conference staged by the government to justify its strict internet censorship.Beijing this year has dramatically strengthened its already tight regulation of the internet, but officials and local media have used the fourth World Internet…

Stockmarket review November 2017

• US sharemarkets rose in November with the S&P500 index exceeding 2,600 points• Jerome Powell next US Federal Reserve Chair• Political uncertainty in Europe resurfacesUS sharemarkets rose in November. This probably shouldn’t come as a surprise to keen observers of US shares with November considered one of the best months of the calendar year for…

Retail rebounds

Christmas bells? Retail reboundsRetail trade; Consumer sentiment; New vehicle salesMonthly retail trade: Sales rose by 0.5 per cent in October after rising by 0.1 per cent in September – the strongest outcome in five months. Spending rose across all states and territories, led by footwear and other personal accessories, together with cafes, restaurants and catering…

Hazer Group (HZR) Managing Director & Founder, Geoff Pocock

Executive Series: Hazer Group (HZR) Managing Director & Founder, Geoff Pocock In this short video, Tom & Geoff discuss; • HZR’s achievements in its synthetic graphite development project.• The recently signed MoU with ASX-listed Mineral Resources (ASX:MIN)• and its move into the steel industry.  YouTube Link: https://youtu.be/ho4TAdsVUAI To view more Executive Series interviews, visit:https://www.commsec.com.au/market-news/executive-series