Save articles for later Add articles to your saved list and come back to them any time. American Express is looking to supercharge its presence in the Australian market, partnering with two payments businesses to put acceptance of its cards in stores on par with other card providers across the country. Stacey Rylands, vice-president of Australian and New Zealand merchant […]

Treasuries moved sharply higher during trading on Thursday, extending the substantial rally seen over the course of the previous session. Bond prices gave back ground some ground in afternoon trading after an early spike but remained firmly positive. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, tumbled by 10.3 basis points to 3.930 percent. […]

Save articles for later Add articles to your saved list and come back to them any time. Assistant Treasurer Stephen Jones has signalled that social media giants will be required to verify advertisers on their platforms and ensure their ads comply with local laws, as part of an upcoming mandatory code aimed at combatting a wave of scams. Banks have […]

Save articles for later Add articles to your saved list and come back to them any time. Perpetual’s shares rose strongly on the expectation of a potential higher takeover offer from Washington H. Soul Pattinson that would break up the group, while former star employees were critical of the financial services company’s board and management. Perpetual shares rose almost 7 […]

Save articles for later Add articles to your saved list and come back to them any time. “Let me tell you about the very rich. They are different from you and me.” F. Scott Fitzgerald could have added that they are also generationally different from each other. For the first time in the history of UBS Group AG’s annual study […]

Gold prices moved higher on Friday, earning the most active gold futures contract their second straight weekly gain, as the dollar shed ground. Despite some hawkish comments from a few Fed officials, there are expectations the central bank will start reducing rates beginning in the second quarter of 2024. The dollar index dropped to 103.40, losing about 0.5%. Gold futures […]

After an early move to the downside, treasuries showed a notable turnaround over the course of the trading session on Monday. Bond prices surged in early afternoon trading, jumping into positive territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 1.9 basis points to 4.422 percent after reaching a high of 4.482 percent. […]

Gold prices were slightly lower on Monday as risk sentiment improved in equity markets following a pledge by Chinese officials to roll out more stimulus measures for the country’s beleaguered property sector. That said, a weaker dollar and dovish Fed bets lent some support at lower levels. Spot gold slipped 0.1 percent to $1,978.54 per ounce, while U.S. gold futures […]

Crude oil prices fell sharply on Thursday amid concerns about a likely drop in energy demand after the latest batch of data from the U.S., Europe and Asia raised worries about an economic slowdown. Data showing a big increase in U.S. crude stockpiles also weighed on oil prices. A report from the U.S. Energy Information Administration (EIA) showed crude stockpiles […]