Shell’s global chief executive Ben van Beurden has declared that the company’s proposed greenfield Arrow liquefied natural gas project in Queensland is “off the table” as the oil giant slashes capex in the wake of the oil price slump and gives priority instead to its North American LNG projects.
There is nothing obvious that will break investors’ love of the big banks despite possibly relatively low returns compared with most of the market, according to a leading fund manager.
Australia’s biggest gold miner, Newcrest Mining, has increased full-year production guidance, as the falling Australian dollar delivers it some much-needed breathing room on its huge pile of debt.
Retail titan Gerry Harvey has described how Nathan Tinkler uses him ‘‘like a little bank’’ and revealed the Newcastle Jets owner still owes him about $22 million.
Local shares are poised to rise at the open, as Wall Street rallies on strong corporate news from Boeing, Apple and McDonald’s.
The Athens stock market continued its steep slide, and interest rates on Greek bonds spiked further, as investors anticipated difficult negotiations between the new Syriza-led government in Greece and the country's creditors.
€317bn. Over 175pc of national output. That's the enormous debt mountain that faces the new Greek government. It is the issue over which the country is set to clash with other countries in the eurozone.
The country’s growing army of retail investors and SMSFs are putting their retirement savings at risk by chasing dividend yields, according to Goldman Sachs Asset Management (GSAM).
The corporate regulator says it was not consulted about changes to data retention laws that will leave it without access to phone recordings vital for catching white-collar criminals.
Andrew Forrest's Fortescue Metals is running at full speed, chasing the falling iron ore price with cost reductions.