Australia / New Zealand

Longer-dated U.S. bond yields rose alongside the dollar on Thursday as investors wager that President-elect Donald Trump's. policies would sustain inflation and keep rates greater for longer,. while European stocks rose on hopes of a better growth outlook. Bitcoin leapt back above $90,000, having surpassed. that level in the previous session, turbocharged by Trump's. return to the White Home and the view that his administration. will be an advantage for cryptocurrencies. The world's largest cryptocurrency, bitcoin last traded 2.3%. greater at $90,654, having already skyrocketed more than 30% in the. last 2 weeks. In the broader market, traders responded to...

Worldwide stocks came under pressure on Tuesday from financier concern about U.S. Presidentelect Donald Trump's policies, while bitcoin neared a. record $90,000 as traders stacked into possessions they think could. gain from the new administration. Investors have actually been funnelling money into properties they believe. will get a boost from Trump's 2nd four-year term in workplace,. in which he has promised to raise tariffs on imports from key. trading partners, along with generate tax cuts and looser. guidelines. Bitcoin, the world's most significant cryptocurrency, was trading. just shy of a record $90,000, having gained 30% in the week. since the...

Asian stocks eased while the dollar held at fourmonth highs on Tuesday, though all the enjoyment was centred on bitcoin as it soared to a record peak underpinned by financier bets on properties that are likely to gain from Donald Trump's election win. Investors prepare for Trump's 2nd four-year term in office will bring equities-boosting tax cuts and looser regulations, raising the world's biggest and best-known cryptocurrency, bitcoin, to an all-time high of $89,637. But the risk of possible tariffs from the new White House administration has put the euro under pressure, with the single currency touching near seven-month lows...

Wall Street traders on Monday kicked off a hectic week by extending last week's stock rally, while oil rates declined and bitcoin raced to a new record high. The Dow Jones Industrial Average rose 0.92%,. to 44,395, the S&P 500 gained 0.20% to 6,007 while the. Nasdaq Composite fell 0.11%, to 19,265. Stocks head towards year-end on a solid footing, with the. benchmark S&P 500 index up about 26% year-to-date as AI. interest and the start of Fed rate cuts support an upbeat. outlook. Donald Trump's success drove (stock) indices to new. all-time records with little caps outperforming greatly and....

Hong Kong stocks led declines in Asia on Monday after Beijing's newest stimulus disappointed financier expectations, overshadowing Wall Street's record highs from Friday and futures pointing to additional strength at the resume. Bitcoin climbed to an all-time high as Donald Trump's. success in the U.S. governmental election together with pro-crypto. prospects being voted to Congress stimulated expectations of a. light-handed regulatory environment. The dollar traded not far from last week's four-month peak. versus major peers as traders prepared for a crucial reading of U.S. customer inflation this week, in addition to a parade of Federal. Reserve speakers, including Chair Jerome...

Global stock markets cruised towards their best week because August on Friday, with sentiment underpinned by Donald Trump's decisive U.S. election triumph, while China started a fresh round of financial assistance for its flagging economy. A day after the U.S. Federal Reserve provided a. quarter-point rate cut, as expected, focus turned back to the. fallout of Tuesday's U.S. election as well as headlines out of. Beijing. The offshore yuan weakened, while U.S.-listed shares of. Chinese companies and China exposed-sectors in Europe fell in a sign. of financier frustration with China's stimulus news. U.S. stock futures ticked lower,, Europe's. STOXX index...

Global stock markets cruised towards their finest week since August on Friday, with sentiment in international markets underpinned by Donald Trump's decisive U.S. election victory, while China unveiled measures to support its flagging economy. A day after the U.S. Federal Reserve provided a. quarter-point rate cut, as expected, focus turned back to the. fallout of Tuesday's U.S. election along with headings out of. Beijing. The yuan compromised as China unveiled information of its plans to. promote the world's second-largest economy. U.S. stock futures were primarily flat, while. Europe's STOXX index was a touch lower. Japan's Nikkei. closed 0.3% higher. The...

World stocks gained on Thursday after a record increase for U.S. shares overnight, and U.S. Treasuries stayed under pressure as investors processed a second Donald Trump presidency, ahead of policy choices from the Fed and other significant central banks. Europe's broad STOXX 600 index was last up 0.5%. after Asian shares had actually gained previously in the day, with even. onshore Chinese blue chips increasing 3% as financier. optimism over potential stimulus outweighed concerns about. getting worse trade stress. U.S. stock futures pointed higher after all three significant Wall. Street indexes surged to all-time peaks on Wednesday on the. possibility...

AsiaPacific equity markets traded greater on Thursday, buoyed by a record rise for U.S. shares overnight, as investors mulled the ramifications of a. Donald Trump presidency, while also considering policy choices from. the U.S. Federal Reserve and other major central banks later in. the day. U.S. stock futures pointed higher after all 3 major Wall. Street indexes rose to all-time peaks on Wednesday on the. possibility for a Republican sweep that could quickly usher in. huge fiscal spending. U.S. Treasury yields skyrocketed on the threat of higher deficits,. assisting lift the dollar to its most significant one-day gain in more...

Europe's. imports of liquefied natural gas increased in October for the first. month in 10 while those in Asia dropped for the first time given that. June, however not by enough to stop the combined total from. increasing. The rise in Europe's imports and the decline in Asia's is a. reversal of the recent pattern, but the shift in October is not. enough to change the year-to-date image of a soft Europe and a. strong Asia. The October numbers are more likely an indication that European. purchasers made the most of current consistent costs to top up natural. gas inventories...

The dollar fell and stocks struggled on Monday as investors trod thoroughly ahead of a U.S. governmental election of terrific effect for the global economy, with a U.S. Federal Reserve interest rate cut also anticipated later in the week. In the U.S. governmental race, Democratic candidate Kamala Harris and Republican politician candidate Donald Trump stay virtually incorporated opinion surveys ahead of Tuesday's vote. It may not be clear who has won for days after voting ends. Trump's policies on migration, tax cuts and tariffs may put upward pressure on inflation, bond yields and the dollar, analysts believe, while Harris is...

Financial markets started the week on a careful note, though relocations in currencies stole the spotlight on Monday ahead of a busy week headlined by the U.S. presidential race which is set to come down to the wire. The week will also offer financiers with global monetary policy catalysts with rate decisions from the Federal Reserve, the Bank of England (BoE), the Reserve Bank of Australia (RBA),. Riksbank and Norges Bank. China's National Individuals's Congress (NPC) standing committee. satisfies from Nov. 4 to Nov. 8, which will be closely watched for. even more information of a raft of stimulus measures...

BHP Group said it was waiting to officially receive the court ruling on the 2015 Fundão tailings dam collapse in Brazil after media reports said a lower court has actually ruled that its system and other firms are not criminally responsible for the disaster. The court discovered there was insufficient proof to develop a causal connection in between the business and the dam failure, the international mining giant said, pointing out media reports. A dam collapse at an iron ore mine owned by Samarco, a. joint venture between Vale SA and BHP, near Mariana. in southeastern Brazil, led to 19...

BHP Group is likely to expand strategies next week to invest at least $7 billion over the coming years to recuperate more metal from the world's. most significant copper mine, Escondida in Chile, financiers and analysts. stated on Thursday. The world's greatest noted miner will be hosting analysts. and financiers on a roadshow of its Escondida and Spence copper. operations from Nov. 17-20. BHP did not react to an ask for. remark about the discussion. Copper is key to BHP's development plans as a necessary metal. for the global shift to cleaner energy, but its yearly. production is set to...

Shares of Australian gold miner Resolute Mining Ltd plunged 32% on Monday in their worst day in 16 years, after 3 of its staff members consisting of CEO Terence Holohan were detained by federal government authorities in Mali. Holohan and two other company executives remained in Bamako, the West African nation's capital, to hold talks with the local mining and tax authorities concerning their operations however were suddenly detained on Friday, the company stated. Shares of the gold miner slumped as much as 32% to A$ 0.455,. their worst day because October 2008 on Monday. The stock was down. 30.6%...

Australian shares reached over a. twoweek high up on Friday, with mining and gold stocks leading. gains as financiers invited the Federal Reserve's 25 basis. points rate cut, while ANZ Group fell over weak yearly. profit. The S&P/ ASX 200 index advanced by 0.8% to 8,294.9. points by 2331 GMT. The criteria closed 0.3% higher on. Thursday. The Federal Reserve cut the rate of interest by 25 basis points. as policymakers took note of a job market that has typically. reduced, while inflation continues to approach the U.S. central bank's 2% target. In Sydney, shares of ANZ Group fell as...

Arcadium, the lithium producer that has consented to sell itself to Rio Tinto, published an 82% drop in quarterly earnings on Thursday that missed Wall Street's expectations due to sliding prices of the electric vehicle battery metal. Much of the lithium industry is competing with a supply glut brought on in part by a softening of aggressive EV adoption rates and oversupply from China. Yet that market imbalance is predicted to end later on this years, making Arcadium's portfolio of leading lithium projects across the globe a prime target for Rio, which is paying $6.7 billion for the company. Rio...

China's imports of unwrought copper rose in October from a year earlier, customizeds information showed on Thursday, boosted by improving seasonal demand and a much better outlook for intake of the industrial metal. Imports of unwrought copper and items were 506,000 metric heaps last month, up 1.1% from the corresponding duration last year, data from the General Administration of Customs revealed. September and October are generally a strong need period for industrial metals as manufacturing activities get after the summer lull, while the Golden Week vacation in October bolstered travel and intake of items. Government financial stimulus in September likewise...

Australian shares increased on Wednesday, tracking their peers on Wall Street, with the technology and commodity sectors leading the gains as investors braced for the outcome of a firmly fought election in the United States. The S&P/ ASX 200 index rose 0.7% to 8,190.90 points by 2350 GMT, with all sub-indexes trading in the green. The standard fell 0.4% on Tuesday. Internationally, traders are tuned into a hotly-contested U.S. election as viewpoint polls stopped working to suggest a clear winner in between Republican Donald Trump and Democrat Kamala Harris. In case of Trump ending up being president, his tariffs could...

UK-based Anglo American stated on Monday that it will sell its minority stake in a joint venture that owns a 70%. interest in the Jellinbah East and Lake Vermont steelmaking coal. mines in Australia, for A$ 1.6 billion (about $1.1 billion). The business, which owns 33.3% of Jellinbah Group - the. operator of the Queensland-based mines - will offer the stake to. Zashvin Pty Ltd, an Australian electric power generation. center operator that already owns a one-third interest in the. mines. Japanese conglomerate Marubeni owns the remaining. stake. Our process to offer the rest of our steelmaking coal. organization -...

Environmental and Indigenous groups on Thursday submitted a lawsuit challenging the U.S. Interior Department's approval of ioneer's Rhyolite Ridge lithium mine in Nevada, the very first domestic source of the battery metal to be allowed by Democratic President Joe Biden's. administration. In a claim filed in federal court in Las Vegas, groups. consisting of the Center for Biological Variety argued the task. posed an existential threat to the unusual wildflower Tiehm's. buckwheat and could drive it to termination. They said the mine would likewise adversely effect groundwater,. springs, wetlands, air quality, cultural resources and wildlife. habitat and would change a...

Australia's Mineral Resources ( MinRes) said on Thursday it will sell the entirety of 2 exploration allows in Perth basin and type joint ventures with Hancock over staying onshore exploration lands around the area for as much as A$ 1.13 billion ($ 743.09 million). On completion, Hancock will obtain 2 permits for Perth basin and receive a 50% stake in MinRes' remaining permits in Perth and Carnarvon Basin. MinRes will keep the other half and continue as operator. Hancock will pay the overall offer worth in money, which consists of an upfront factor to consider of A$ 804 million for...

In the race to protect copper for the clean energy transition and expert system applications, a range of business are shooting up deserted properties when seen as financial liabilities to fast-track considerable volumes of supply. The call for copper is poised to rise in coming years due to its function in electrical cars, renewable resource and information centers for artificial intelligence. Need is expected to outstrip supply by 1.7% in 2035, and copper rates have scaled record highs this year. So business are aiming to rejuvenate older mines. Normally, it takes a minimum of 10 years and as much as...

BHP has moved on to concentrate on other growth opportunities after investors of Anglo American voted versus its takeover technique earlier this year, the business's chairman said on Wednesday. The world's most significant miner ignored a $49 billion bid to get Anglo in May after it was rebuffed 3 times. The upcoming end to a six-month block on BHP making another method had raised speculation a deal may once again be under examination. We made an approach to Anglo American earlier this year ... we believed there was a chance here to produce something distinct and unique, a bit of...