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BlackRock Braces Climate Change & Sustainability
January 16, 2020 07:32 PM AEDT| By Team Kalkine MediaLaurence D. Fink aka Larry Fink, who sits at the helm of the largest asset manager in the world – BlackRock, Inc., has been running the company since its inception in 1988. Initially, the asset manager was under the cohort of Blackstone Group a...
Amidst Multiyear Index Highs, Resource Stocks-PRU, AWC, and S32 Announce Quarterly Report
January 16, 2020 06:53 PM AEDT| By Team Kalkine MediaResource stocks on the exchange are back in action with stocks such as Perseus Mining Limited (ASX: PRU), Alumina Limited (ASX: AWC), South32 Limited (ASX: S32) surging post announcing the quarterly highlights. The Resource sector is among the top r...
Resolute Sells Ravenswood: Everything You Need to Know About the Deal
January 15, 2020 11:20 PM AEDT| By Team Kalkine MediaOn 15 January 2020, Resolute Mining Limited (ASX:RSG) announced to the exchange that its Ravenswood gold mining operation was sold to- EMR Gear consortium comprising of Specialist resources private equity manager, EMR Cap...
Market Update: Understanding Performance of Australian Equity Market on 15 January 2020
January 15, 2020 10:17 PM AEDT| By Team Kalkine MediaThe Australian market advanced further on the trading session on 15th January 2020. The benchmark index, i.e. S&P/ASX 200 stood at 6994.8 after inching upward by 32.6 points or 0.5%. S&P/ASX 200 Energy (Sector) and S&P/ASX 200 Health Care...
Crude Oil Witnesses Worst Weekly Hit Since September 2019; Trade Deal Won’t Remove Tariffs- Says Steven Mnuchin
January 15, 2020 05:45 PM AEDT| By Team Kalkine MediaCrude oil prices were about to reach a 4-month high of USD 71.95 per barrel (high in September 2019), but the market overoptimism around the phase 1 trade deal between the United States and China was quickly traumatised by the United States Treasury...
Resolute’s Ravenswood Sold to EMR Capital and GEAR; An Overview of the Sale Backdrop
January 15, 2020 04:38 PM AEDT| By Team Kalkine MediaDeal key pointers: 13 January: Rumors over Resolute negotiating with EMR Capital over Ravenswood sale 14 January: Resolute confirms talks with EMR 15 January: Resolute sells Ravenswood Gold operations Earlier Today, Resolute Mining Limited (A...
Iron Ore Gushes as Tropical Cyclone-Blake Raises Supply Concerns
January 14, 2020 11:35 PM AEDT| By Team Kalkine MediaIron ore prices are showing a sharp recovery in the wake of coming Lunar New Year holidays in China, which has led to restocking across the Chinese steel mills, and the surmounting tensions clouding the supply chain from Western Australia due to the...
Market Update: How Australian Equity Market Performed on 14 January 2020
January 14, 2020 10:00 PM AEDT| By Team Kalkine MediaThe Australian market closed the session in green on 14th January 2020 and S&P/ASX200 ended at 6962.2, reflecting a rise of 58.5 points. Moving the needle to performance of some sectors, S&P/ASX 200 Energy (Sector) settled the day’s ses...
Australian Sugar Industry: Plunging Production Rallying Prices
January 14, 2020 06:38 PM AEDT| By Team Kalkine MediaAustralian sugar market mainly constitutes raw sugar and refined sugar from sugarcane. It is vital to quote that around 85% of all produced sugar is exported as bulk raw sugar, making Australia 2nd world’s largest raw sugar exporter and it take...
Copper Surpasses December High; Strong Demand from China and Supply Constraints Propel Prices
January 14, 2020 12:00 PM AEDT| By Hina ChowdharyCopper prices are again gaining momentum in the market amid supply shortage and peak demand in China. COMEX copper futures recovered sharply despite tensions between the United States and Iran, with copper futures rising from USD 2.796 per pound (int...
ETF Gold Rush and Future
January 13, 2020 11:20 PM AEDT| By Hina ChowdharyHas the strength in ETF inflows outweighed the de...
Market Update: How Australian Equity Market Performed on 13th January 2020
January 13, 2020 09:20 PM AEDT| By Team Kalkine MediaThe Australian market is sensitive to the performance of global markets, which is impacted by any major event like the recent US-Iran tensions. The equity market of Australia was in red with benchmark index S&P/ASX 200 closing the session at 6903...
Australia - largest LNG exporter in the world; Way Ahead!
January 11, 2020 01:26 AM AEDT| By Kunal SawhneyIn 2019, Australia overtook Qatar and topped the rank in world LNG exporter. The country exported around ~78 million tons of LNG at ~$49 billion. As full year production numbers have not been published by other countries yet, let us look at what happ...
Market Update: Understanding Performance of S&P/ASX200 on January 10, 2020
January 10, 2020 11:00 PM AEDT| By Team Kalkine MediaAt the close of trading session on 10th January 2020, the Australian market ended in green and the benchmark index i.e. S&P/ASX200 showcased a rise of 54.8 points or 0.8% and reached at 6929. Let us now look at the performance of some sectors. S&...
ASX Gold Stocks Not as Shiny as Global Peers?
January 10, 2020 10:56 PM AEDT| By Hina ChowdharyASX listed gold stocks had a good rally thanks to the surge in gold prices past week. However, the gold prices pulled back slightly over the delineation of the United States response concerning the U.S-Iran war tensions from the market expectations....
Weekly recap on Copper and Nickel vis-à-vis Australian Market
January 10, 2020 04:00 PM AEDT| By Team Kalkine Media2020 started with the shockwaves coming from the global uncertainty, latest due to the drone attack on Iran by the US leading to the industrial metals prices and stock market to fall pushing oil price steeply high, post the strike. The conflict betwe...
U.S-Iran Tensions Weighing Down Copper; Short-Term Correction Seems Likely?
January 09, 2020 06:50 PM AEDT| By Team Kalkine MediaCopper prices are again under short-term pressure in the market amid weaker economic activity indication from the United States. Copper futures on COMEX tumbled from its recent top of USD 2.857 a pound (as on 26 December 2019) to USD 2.760 a pound, w...
Market Update: How S&P/ASX200 Performed on January 9, 2020? An Overview
January 09, 2020 05:20 PM AEDT| By Team Kalkine MediaThe performance of Australian markets are affected by the performance of global markets as well as by the health of global economy. We will be having a look at how S&P/ASX200 performed on January 9, 2020. The equity market of Australia ended the...
Market Update: S&P/ASX200 Ended in Red on January 8, 2020
January 08, 2020 08:58 PM AEDT| By Team Kalkine MediaThe equity market of Australia was in red and S&P/ASX200 closed with a fall of 0.1% on an intraday basis and stood at 6817.6. Let us now look at how some sectors have performed on January 8, 2020. S&P/ASX 200 Consumer Discretionary (Sector) f...
ASX IPOs and Listings for 2020
January 08, 2020 03:30 PM AEDT| By Team Kalkine MediaInitial Public Offering (IPO) is a process, under which private firms go public by issuing shares to the general public. It is not necessary that the company going public is a new entity. Companies that are old also launch their IPO to raise cap...
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