Investors were spooked by more weak data out of China as the reopening of trade proved a “real fizzer” and shares got sold across the board.
P/ASX 200 lost 1.64 per cent on Wednesday as shares in Bank of Queensland tanked 5.4 per cent to $5.47 after it admitted money laundering regulator AUSTRAC and banking regulator APRA agreed enforceable undertakings against the regional lender.
“It’s been a bit of a circus at Bank of Queensland, because [peer Bendigo Bank] hasn’t done well, but it’s certainly done a lot better than BoQ. It’s really hard for the regionals when you go through these tough periods when there’s price competition among the big four.” Safe-haven asset gold added 0.3 per cent to $US1980 an ounce. While benchmark US oil futures fell below $US70 a barrel at $US69.68 in a move traders put down partly to shorter-dated contracts trading at a discount to longer-dated onesBenchmark Newcastle coal futures extended a 12.1 per cent loss on Wednesday to fall another 4 per cent on Thursday to $US135.10 a tonne and are now down more than 60 per cent since trading above $US400 a tonne in December 2022.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Accountants warn investors of CGT crackdown this tax seasonRetail investors who may have sold shares for the first time in the last financial year have been urged to avoid mistakes when calculating their tax, as accountants receive more requests for help from investors in the lead-up to the end of financial year.
Read more »
Flat-chat chicken recipe: ‘Crispy brown bits in your frying pan? Don’t throw them out!’In her fortnightly food column, cook and author Alice Zaslavsky shares a speedy midweek chicken dinner
Read more »
Penny Wong shares heartbreaking family newsAustralia's Foreign Minister announced the death of a beloved family member on Tuesday, as thousands of well-wishers sent their messages of support to the Senator.
Read more »
Nvidia becomes first chipmaker valued at more than $1tn amid AI boomShares in chip company soar amid hopes of rising demand from artificial intelligence applications
Read more »
Battery biz RedEarth mandates MA Moelis, Ords for strategic reviewProceeds will help pay out existing investors including convertible noteholders and to fund growth capital.
Read more »
Racism is a ‘real issue’ within the ABCThe Australian’s Media Writer Sophie Elsworth says racism is a “real issue” for the ABC as current and former employees are coming forth to speak on their experiences within the company. “I don’t know what’s gone on within the ABC … this is not a good look for the ABC and we know the ABC has all those diversity boxes that they do need to tick,” Ms Elsworth told Sky News host Chris Kenny. “They’ve now got former employees, current employees, coming out and saying racism is a problem there, this is a real issue for the ABC, it's caused an immense pain obviously following Stan Grant's exist and it’s certainly not going away anytime soon.”
Read more »