Latest news with #EdBoyd
Sky News AU
01-07-2025
- Business
- Sky News AU
ASX soars 10 per cent over the last financial year
Sky News Business Reporter Ed Boyd goes over some of the winners and losers on the ASX for the last financial year.
News.com.au
14-06-2025
- Business
- News.com.au
‘Not an easy path': Specialist outlines steps to enter Australian defence industry
Defence industry specialist Brent Clark breaks down the steps for breaking into the Australian defence industry as a supplier with government contracts. 'These things are always complex,' Mr Clark told Sky News host Ed Boyd. 'It is not an easy path to tread to become a supplier into defence, but in many ways, nor should it be. 'Defence has cutting-edge equipment and very complex projects that it's trying to undertake. 'The reality, of course, is that you need to be diverse, you need to ensure that you have the best capability possible, and you need to make sure you are ready to take on a defence contract.'
News.com.au
14-06-2025
- Business
- News.com.au
‘Dangerous place': Calls to increase defence spending amid China-Taiwan tensions
Defence industry specialist Brent Clark discusses the need to increase defence spending as China and Taiwan exhibit massive tensions in the Asia Pacific region. 'The world's a fairly dangerous place,' Mr Clark told Sky News host Ed Boyd. 'Clearly, there are massive tensions in our own area from a Chinese perspective with Taiwan. 'It's quite clear that we need to have that insurance policy, so therefore expenditure on defence is the way we achieve that insurance policy.'
Sky News AU
11-06-2025
- Business
- Sky News AU
ASX 200 soars to new record-high on Wednesday after fresh reports of the US and China closing in on a trade agreement
The ASX 200 has hit a record high on Wednesday as it has surpassed its February peak following fresh reports of the US and China closing in on a trade agreement. The index was up 0.5 per cent in the first half hour of trading with digital finance company Zip Co jumping 15 per cent after upgrading its FY25 guidance. New Zealand-based Fletcher Building is up 8.9 per cent, Pilbara Minerals has risen 7.4 per cent and Mineral Resources has jumped 3.4 per cent. Sky News Business Reporter Ed Boyd said the index's rise marks an 'all-time record high' for the ASX 200 as it hovers around 8630 points. 'The previous intra-day record was 8615 points. It is now decently above that in early trade,' Boyd said. The ASX 200 has experienced wild turbulence since the beginning of the year. It hit a peak in mid-February before slowly dropping after Trump began revealing his trade policies - including tariffs on aluminium, steel and automotive parts. The index plummeted in early April after the sweeping 'Liberation Day' tariffs were slapped on most nations around the world. Trump temporarily pausing these levies and a boost of investor confidence has led to a gradual rise of the ASX 200. Wednesday's jump comes after China's Vice Commerce Minister Li Chenggang said on Tuesday that the Chinese and the US negotiating teams had agreed a framework on trade after two days of talks, and would take that back to their leaders. "The two sides have, in principle, reached a framework for implementing the consensus reached by the two heads of state during the phone call on June 5th and the consensus reached at the Geneva meeting," Li told reporters. While the comments followed the close of trade on Wall Street, the major indexes still rose on Tuesday. The Dow Jones added 0.3 per while the S&P 500 and Nasdaq both rose 0.6 per cent. London's FTSE 250 Index jumped 0.5 per cent, Germany's fell 0.8 per cent and the STOXX Europe 600 fell flat on Tuesday. New Zealand's NZX 50 Index is up 0.5 per cent as Japan's Nikkei 225 has added 0.6 per cent on Wednesday. -With Reuters
News.com.au
05-06-2025
- Business
- News.com.au
‘Compelling': Strides in gold mine production mirror increase in gold price
eToro Market Analyst Josh Gilbert discusses the price of gold and its importance in investors' portfolios. 'It's come from that gold price obviously rallying, the two don't always move in tandem,' Mr Gilbert told Sky News host Ed Boyd. 'But when we're seeing these gold miners being able to, you know, essentially make more money from the gold they're producing, often we'll see those gold miners follow suit. 'There is a compelling case, really, for this increasing long-term exposure to gold … it deserves a place in a portfolio.'
