Market updates

Essential Energy Conference: Key to Green Energy Transition is Streamlining Approvals
September 18, 2024 03:40 PM AEST| By Team Kalkine MediaWestern Australia is positioning itself to potentially become a ‘clean energy superpower’ in the coming years, according to state Environment and Energy Minister Reece Whitby. This ambitious goal is set to be achieved through a series of significant...

ASX 200 Steady Amid Mixed Sector Performance and Global Trends
September 18, 2024 02:20 PM AEST| By Team Kalkine MediaThe ASX200 index has maintained a steady position today, holding at 8,141 points. This relatively flat performance mirrors the lackluster activity observed on Wall Street, where markets also closed flat. This stability in the Australian index comes a...

RBA Explores Digital Currency for Financial Institutions Amid Consumers Concern
September 18, 2024 01:37 PM AEST| By Team Kalkine MediaThe Reserve Bank of Australia (RBA) is advancing its exploration of a new digital version of the Australian dollar, aimed at enhancing the efficiency of financial transactions and potentially saving banks and financial market participants billions an...

RBA Considers Digital Currency for Financial Institutions, Remains Skeptical on Consumer Use
September 18, 2024 01:36 PM AEST| By Team Kalkine MediaThe Reserve Bank of Australia (RBA) is increasingly confident in the potential benefits of a central bank digital currency (CBDC) for financial institutions, aiming to enhance efficiency in transaction settlements and save billions annually. However,...

Accenture's Deferred Promotions and Its Implications
September 18, 2024 01:35 PM AEST| By Team Kalkine MediaAccenture (NYSE: ACN), the global technology and consulting firm based in Dublin, has decided to defer most of its promotions within the top managing director and senior management ranks by six months. This decision has sparked significant internal d...
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Top ASX Stocks to Watch and Those to Approach with Caution
September 18, 2024 01:33 PM AEST| By Team Kalkine MediaAs the Australian earnings season progresses, fund managers are spotlighting several ASX-listed companies for their potential and cautioning against others. Here’s a detailed look at three stocks identified as favorable investments and three that inv...

Global Investor Sentiment Shifts as Market Awaits Fed Decision: Bank of America Survey
September 18, 2024 01:32 PM AEST| By Team Kalkine MediaGlobal investor sentiment has shown its first improvement since June, with growing optimism that the US Federal Reserve's anticipated shift towards rate cuts will facilitate a soft economic landing. This positive sentiment is highlighted in the lates...

Australian Market Set to Fall Ahead of US Federal Reserve Decision; Oil Prices Rise on Middle East Tensions
September 18, 2024 01:31 PM AEST| By Team Kalkine MediaThe Australian stock market is expected to dip in early trade, mirroring a lackluster performance on Wall Street as investors await the US Federal Reserve’s critical policy decision scheduled for Thursday morning (AEST). Market participants are keenl...

Synlait Milk (NZX: SML) Shareholders Approve $200M Equity Capital Raise to Strengthen Balance Sheet and Reduce Debt
September 18, 2024 01:30 PM AEST| By Team Kalkine MediaNew Zealand-based dairy processing company, Synlait Milk Ltd (NZX: SML), has received shareholder approval for the issuance of $NZ218 million ($200 million USD) in new equity capital to its two largest shareholders: Bright Dairy Holding Ltd and The a...

Woodside Energy (ASX: WDS) Signs 10-Year LNG Deal with Japanese Giant JERA
September 18, 2024 01:29 PM AEST| By Team Kalkine MediaIn a significant move that strengthens its position in the global liquefied natural gas (LNG) market, Woodside Energy Group Ltd (ASX: WDS) has signed a 10-year LNG supply contract with Japan’s largest LNG importer, JERA. This long-term agreement high...

Generative AI Tops Investment Priority List for CEOs, Survey Reveals
September 18, 2024 01:28 PM AEST| By Team Kalkine MediaAccording to a recent survey conducted by KPMG International, generative AI has emerged as a leading investment priority for global chief executives, even amidst economic uncertainty. This emphasis on AI technology underscores its growing importance...

BlueScope Steel Partners with Helios Project to Advance Green Iron Production
September 18, 2024 01:27 PM AEST| By Team Kalkine MediaBlueScope Steel (ASX: BSL), a leading global steel manufacturer, has entered into a groundbreaking agreement with the Israel-based Helios Project. This collaboration is set to revolutionize iron and metal production by utilizing innovative technology...

BlackRock and Microsoft Collaborate on $44 Billion AI Infrastructure Initiative
September 18, 2024 01:26 PM AEST| By Team Kalkine MediaBlackRock (NYSE: BLK) and Microsoft (NASDAQ: MSFT) are joining forces to raise $44 billion for a strategic investment aimed at developing data centers and other critical infrastructure supporting artificial intelligence (AI). This initiative, dubbed...

Exploring Technology in Gambling: Tom Waterhouse on Talk Ya Book with Chris Judd
September 18, 2024 01:24 PM AEST| By Team Kalkine MediaOn today's episode of Talk Ya Book, Chris Judd, AFL great and founder of the Cerutty Macro Fund, is joined by Tom Waterhouse from Waterhouse VC. Tom Waterhouse, known for his involvement in the renowned Waterhouse racing family, has ventured into a u...

Oil Prices Surge Amid Supply Disruptions and US Rate Cut Speculations
September 18, 2024 01:24 PM AEST| By Team Kalkine MediaOil prices have seen a significant uptick due to mounting supply shocks and expectations of an impending rate cut by the US Federal Reserve, which traders believe could bolster demand. On Tuesday (Wednesday AEST), oil prices rose by more than a dolla...

Fonterra (NZX: FCG) to Invest $138M in New Zealand Cool Store as Part of Supply Chain Expansion
September 18, 2024 01:23 PM AEST| By Team Kalkine MediaNew Zealand's largest dairy producer, Fonterra Co-operative Group (NZX: FCG), has announced a significant investment of $NZ150 million (approximately $138 million USD) to construct a new cool store facility in Taranaki, located on New Zealand's North...

The Importance of the US Federal Reserve's Rate Cut Strategy: Insights from MFS Investment Management (MFS)
September 18, 2024 01:22 PM AEST| By Team Kalkine MediaAs financial markets anticipate a much-expected rate cut by the US Federal Reserve (Fed), the focus should not solely be on the size of the initial cut but on the persistence and steadiness of the monetary policy easing cycle that follows. MFS Invest...

Harvey Norman (ASX: HVN) Faces Class Action Over “Worthless” Extended Warranties
September 18, 2024 01:21 PM AEST| By Team Kalkine MediaAustralian retailer Harvey Norman (ASX: HVN) is facing significant legal challenges following the filing of a class action by Echo Law. The class action alleges that Harvey Norman engaged in misleading, deceptive, and unconscionable conduct by sellin...

RBA to Prioritize Wholesale Digital Currency Over Retail: A Strategic Shift
September 18, 2024 01:19 PM AEST| By Team Kalkine MediaThe Reserve Bank of Australia (RBA) has made a significant decision to prioritize work on a wholesale central bank digital currency (CBDC), focusing on the economic benefits that such a project could bring to Australia's financial system. This move,...

TAG Builds Dedicated Q-SYS Australia Team to Accelerate Growth
September 18, 2024 01:15 PM AEST| By Business WireSINGAPORE--(BUSINESS WIRE)--QSC APAC Pte Ltd. and TAG announce a new dedicated business team to support the growth of Q-SYS in Australia. This team will be dedicated to delivering focused solutions an...

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