Good morning and welcome to the end of the week. The confirmation of talks between Israel and Lebanon has provided some cheer for investors on Wall Street, with the S&P 500 notching its longest winning run since October. At home, the ASX looks set to open a tad weaker. Meanwhile, as Washington sharpens its focus on the war in Iran, Anthony Albanese has been canvassing Asian partners to shore up fu...
Good morning and welcome to the end of the week. The confirmation of talks between Israel and Lebanon has provided some cheer for investors on Wall Street, with the S&P 500 notching its longest winning run since October. At home, the ASX looks set to open a tad weaker. Meanwhile, as Washington sharpens its focus on the war in Iran, Anthony Albanese has been canvassing Asian partners to shore up fuel supplies, with the Strait of Hormuz still closed and uncertainty lingering. The prime minister is in Singapore today. - Sharon Klyne, private credit reporter. What’s happening now Australia is reinforcing links with its northern neighbors to secure fuel supplies and bolster defense ties. Albanese and his senior ministers have been hitting the phones and racking up air miles across Asia to corral key trading partners into maintaining shipments of diesel and gasoline, as governments around the world grapple with ongoing global supply disruptions. Iron ore slid to its lowest in a month after a report that BHP’s incoming chief executive officer had met with Chinese executives in Beijing this week, a possible sign that frosty relations between the mining giant and its main customer are thawing. Australia’s pension funds endured their worst monthly losses in more than three years as the war in Iran triggered market swings that battered some of their biggest investments. And on this week’s episode of the Bloomberg Australia Podcast , pensions reporter Amy Bainbridge breaks down what the volatility in global markets means for your retirement savings. New Zealand’s central bank will respond with interest-rate increases to any acceleration in core inflation, Governor Anna Breman told Bloomberg TV in an interview, as fuel prices surge in response to the conflict in the Middle East. Orora shares slumped to a 12-year low after the Australian packaging company cut full-year guidance for its high-end bottle unit, citing Middle East conflict-related disruptions that halted production at...
Cotton futures closed out the Thursday rally with contracts up 80 to 159 points across most contracts. The outside markets are generally supportive, with the US dollar index was $0.325 lower at $98.600. Crude oil was back up $4.06 on the day. The monthly update to the USDA balance sheet...
Cotton futures closed out the Thursday rally with contracts up 80 to 159 points across most contracts. The outside markets are generally supportive, with the US dollar index was $0.325 lower at $98.600. Crude oil was back up $4.06 on the day. The monthly update to the USDA balance sheet...
In an ideal world, China and the United States, the two pre-eminent spacefaring nations, would cooperate to explore humanity’s final frontier. In the real world, though, the two countries have started a new space race just as they compete in everything else. That’s one reason why Nasa’s latest Artemis mission to the moon has gained worldwide attention, not least from China’s space science communit...
In an ideal world, China and the United States, the two pre-eminent spacefaring nations, would cooperate to explore humanity’s final frontier. In the real world, though, the two countries have started a new space race just as they compete in everything else. That’s one reason why Nasa’s latest Artemis mission to the moon has gained worldwide attention, not least from China’s space science community. While both sides are trying to beat the other to return humans to the moon, the stakes are even...
A new marketing deal with a suitable business partner lit a hot flame under Turning Point Brands (NYSE: TPB) stock on the second-to-last trading day of the week. The t obacco products specialist's equity rocketed more than 10% higher that day, indicating widespread shareholder satisfaction with the deal. That partner is TKO Group Holdings (NYSE: TKO) , the owner of Ultimate Fighting Championship (...
A new marketing deal with a suitable business partner lit a hot flame under Turning Point Brands (NYSE: TPB) stock on the second-to-last trading day of the week. The t obacco products specialist's equity rocketed more than 10% higher that day, indicating widespread shareholder satisfaction with the deal. That partner is TKO Group Holdings (NYSE: TKO) , the owner of Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE), among other sports and entertainment assets. TKO announced Thursday that it and Turning Point have entered into a multi-year marketing partnership centered on the tobacco company's FRE nicotine pouches. Image source: Getty Images. Continue reading