Tagged: Business Breaking News

South32 in talks to sell SA unit to Seriti 0

South32 in talks to sell SA unit to Seriti

South32 Ltd is in talks to sell its South African energy-coal business to Seriti Resources and will book a related charge of $504 million.

Copper prices firm ahead of Fed minutes 0

Copper prices firm ahead of Fed minutes

Copper prices edged higher overnight ahead of the release of US Federal Reserve meeting minutes as the US-China trade conflict continued to pose a threat to metals demand.

Gold slips as US share markets gain 0

Gold slips as US share markets gain

Gold edged lower overnight as equities gained and investors awaited minutes from the US Federal Reserve’s July meeting for clues on future interest rate cuts.

Stockland profit plunges as downturn bites 0

Stockland profit plunges as downturn bites

Residential developer Stockland has posted a nearly 70 per cent drop in annual net profit, hurt by devaluations in certain portfolios and warned on a softer performance for the 2020 fiscal year.

Heavy rate cut defended by NZ Reserve Bank 0

Heavy rate cut defended by NZ Reserve Bank

New Zealand’s aggressive interest rate cuts in recent weeks reduce the need for unconventional monetary policy to boost inflation, the central bank’s assistant governor says.

Heavy rate cut defended by NZ Reserve Bank 0

Heavy rate cut defended by NZ Reserve Bank

New Zealand’s aggressive interest rate cuts in recent weeks reduce the need for unconventional monetary policy to boost inflation, the central bank’s assistant governor says.

Domino’s profit dips as it acts on wages 0

Domino’s profit dips as it acts on wages

Domino’s Pizza’s full-year profit has fallen nearly five per cent after the company shut down some franchisees who were deliberately underpaying employees.

A2 Milk profit surges but shares plunge 0

A2 Milk profit surges but shares plunge

A2 Milk shares have dipped nearly 15 per cent after its 47 per cent rise in full-year profit disappointed traders who were expecting more.

WiseTech profit up 33%, flags strong FY20 0

WiseTech profit up 33%, flags strong FY20

Worldwide expansion has helped lift logistics software provider WiseTech Global’s full-year profit up 32.7 per cent as the tech company found tailwinds from international tariffs, regulation and taxes.

Copper slides amid China demand dip focus 0

Copper slides amid China demand dip focus

Copper prices fell overnight as the market focused on prospects for weaker demand in top consumer China, where activity in the manufacturing sector has deteriorated due to the prolonged US-China trade dispute.