Slowdown leads to spike in ‘zombie’ companies close to collapse
Australia’s economic deterioration has led to a sharp increase in ASX-listed zombie companies who are barely staying afloat, according to KPMG.
Australia’s economic deterioration has led to a sharp increase in ASX-listed zombie companies who are barely staying afloat, according to KPMG.
Donald Trump will do his best to ensure the US stockmarket will do well under his presidency if he is elected for a second term, New York fund manager Beeneet Kothari predicts.
The ASX doesn’t appear to have a concrete plan to bolster the dwindling pipeline for initial public offerings in Australia, as listings sink to their lowest level since 2012.
The ASX chair acknowledged shareholder anger over a disastrous technology project that sparked a first strike over executive pay at the market operator’s AGM in Sydney.
Billionaire James Packer has shareholdings in global tech stocks such as Nvidia and Meta, and his new investment strategy has landed his private investment vehicle a massive financial boost.
A brutal sell-off in bonds has pushed yields up sharply in recent weeks, but the US Treasury market is now giving a decent buying opportunity for investors.
The exchange operator must fundamentally change if it wants to stay relevant. Hopefully this upheaval is the start.
The sharemarket was flat on light volumes as investors awaited key inflation data. Mosaic Brands enters receivership with KPMG appointed. ASX Limited hit by first strike against remuneration report.
The local bourse is set for a low-key start to the week, as investors wait on inflation data that will play a major part in when the RBA decides to move on interest rates.
IFM Investors executive director Rikki Bannan believes this could be a good year to invest in some select small cap stocks in Australia, including in the consumer sector.
While investor sentiment is still fragile amid escalating tensions in the Middle East, risk assets still have a way to go.
Australian regulators and the International Monetary Fund want more disclosure from big super but buoyant markets shield them from any serious examination. It’s time for an inquiry.
Our experts’ buy, hold and sell recommendations this week have an international element. See their top suggestions.
There is an investment mistake more painful and more costly than a 100 per cent loss and here’s what you can do to avoid it.
A huge spike in trading volumes on the ASX on a Friday in the early days of the Covid pandemic set alarm bells ringing at the market operator, whose CHESS system was clearly struggling to cope.
A year-end rate cut by the RBA will depend on inflation and household spending data next week.
Qantas is soaring while conditions are good but when the cycle inevitably turns negative, this will test the airline’s commitment to changing its ways.
ASX 200 rise fades for third day running. Qantas ‘might have not survived’ without Alan Joyce and Richard Goyder: chair. WiseTech investors back founder’s reincarnation as consultant. Metcash profit warning. ResMed lifts on strong quarter earnings.
As bond yields soar after the US Federal Reserve cut interest rates despite a strong economy and the looming presidential election, Larry Jeddeloh has become cautious about stocks.
ASX 200 slips in cautious trading. WiseTech CEO resigns. CBA, Westpac rebuff flexible serviceability buffer call for home loans. Weak quarter weighs on Reece, Fortescue and Brambles. Super Retail tried to settle claims ahead of court fight. HMC lines up data play with $2bn Global Switch deal.
Original URL: https://www.theaustralian.com.au/business/markets/page/4