Browsing Tag

Rio Tinto Limited & plc

ASX shrugs off Wall Street bloodbath

The ASX surprised on the upside despite heavy losses on US markets overnight, with the highest oil prices in eight years boosting energy stocks.The Australian sharemarket shrugged off a Wall Street bloodbath to post decent gains, with…

Strong resources sector propels ASX

Ongoing strength in commodity prices amid tight supply and sustained demand boosted resources stocks, propelling the ASX higher.The Australian sharemarket was in the green for the second straight day after a positive lead from Wall Street…

Banks, energy, travel stocks weigh down ASX

Prospects of lockdowns in Europe hit energy and travel stocks hard, while banks remained out of favour, but miners helped limit the losses.The Australian sharemarket started the week on a bum note, with banks, energy and travel stocks…

Casino giant rallies as ASX climbs

The ASX crept higher, with embattled Crown the standout after returning to the crosshairs of US private equity giant Blackstone.The Australian sharemarket crept higher for the second straight day, with embattled casino giant Crown the…

Gold deal dazzles as ASX inches higher

The ASX managed to claw back early losses to finish marginally in the green, with a $1bn deal for a major gold miner proving the highlight.The Australian sharemarket clawed back early losses to finish marginally in the green, breaking a…

ASX snaps two-day winning streak

Resources stocks dragged the ASX lower but a new entrant to the sector made a stunning debut, with its share price more than tripling.The Australian sharemarket snapped a two-day winning streak as lower commodities prices hit resources…

ASX in the green despite NAB drag

The ASX started the week on a positive note, with health and consumer discretionary stocks among the winners.The Australian sharemarket started the week on a positive note, with health and consumer discretionary stocks among the winners.The…

More FIFO sex pest sackings revealed

Dozens of workers being sacked for sexual harassment and details of cruel ‘initiation’ rituals have been revealed at an inquiry.Woodside fired a dozen workers after 16 substantiated incidents of sexual harassment over the past five years, a…

Roles reverse as ASX dips for third day

The ASX dipped lower for a third straight day as sellers turned on resources stocks, while buyers had a delayed reaction to NAB’s result.The Australian sharemarket had a positive start but ended up dipping lower for a third straight day as…