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1-10 results from 1000 for query «asx»

8 February 2018 12:25 AM Origin takes $700m bath on gas assets

Origin Energy has slashed the value of a major coal seam gas project in Queensland by more than $500 million as it drastically recasts its expectations for production. Origin told the ASX on Thursday morning that it would book a $355 million after-tax impairment on its Ironbark gas field and a further after-tax $173 million writedown on the Lattice business 79

8 February 2018 12:25 AM Markets Live: ASX follows US into the red

Tesla said on Wednesday it was sticking with Chief Executive Elon Musk's revised production targets for its Model 3 electric sedan, but posted its worst-ever quarterly loss, and warned that spending would increase slightly this year. Shares of the Palo Alto, California-based company were barely changed in extended trading. Money-losing Tesla's long-term 220

7 February 2018 6:44 AM Commodity boom fuels Rio Tinto's $5.3 billion shareholder bonanza

Rio Tinto has reported a thumping $US8.63 billion ($A10.96 billion) underlying profit for 2017, declared a record final dividend and unveiled an additional $US1 billion buyback as part of a bonanza result for shareholders. Riding a wave of strong commodity prices for its products and continued strong demand from international buyers, Rio’s underlying 46

2 February 2018 12:51 AM Markets Live: ASX turns losses to gains

Apple's revenue forecast for the second quarter was below market expectations, adding to concerns of a plateau in demand for its newer iPhones, including the anniversary edition iPhone X. The company forecast second-quarter revenue between $US60 billion and $US62 billion, while analysts on average were expecting $US65.73 billion, according to Thomson 215

31 January 2018 11:54 PM Markets Live: ASX rallies for second day

Australian shares are poised to slip as Wall Street turned whipsawed after the Fed signalled a potential March rate hike. ASX futures were down 3 points. The US Federal Reserve kept interest rates unchanged but said it anticipated inflation would rise this year, in a sign it is still on track to raise borrowing costs again in March under incoming central 132

16 January 2018 4:10 AM Markets Live: Bellamy's surges in weak ASX

Afterpay Touch shares have hit a record high after the-buy-now-pay later service revealed its underlying annual sales are on track to reach more than $2 billion and a possible move into the US market. In the three months to December 31, underlying quarterly sales hit $551 million, up from $367 million the previous quarter, while sales for the first half of the current 68

12 January 2018 2:59 AM Markets Live: Miners pull ASX higher

The mighty force of consumerism has taken hold in China. In 2018, retail sales in China are expected to equal or surpass sales in the United States for the first time, another definitive marker in China's rise to economic superpower status. The growth of China's domestic retail market is luring everyone from automakers to make up companies that want to cash in on the country's 158

10 January 2018 10:14 PM Markets Live: ASX set to extend losses

Wall Street's major indexes fell on Wednesday, stalling the rally that marked the start of 2018, after a report that China is considering slowing its purchases of US government debt. "We've had a tremendous run, mostly unabated since Trump's election in 2016 and with no volatility. If we do see a pullback, that's going to be a buying opportunity," said Michael 163

17 December 2017 10:42 PM Aconex receives $1.6b takeover offer from Oracle Corp

ASX-listed construction management software group Aconex has received a $1.56 billion buyout offer from US software major Oracle Corp. Aconex said in a statement its directors had unanimously recommended the $7.80-a-share offer, which represents a 47.4 per cent premium to Friday's closing price of $5.29. "With the addition of Aconex, we significantly 74

12 December 2017 5:20 AM Dashcam footage captures moment Perth cyclist is thrown from bike

Shocking dashcam footage has captured the moment a cyclist was thrown from his bike after being hit by a car south of Perth on Monday morning. The footage, taken on Safety Bay Road near Rockingham about 7.45am, shows a cyclist travelling in the bike lane on the side of the road before a white Toyota attempts to pull into the intersection, seemingly 83