Eye on the prize: $15.9m boost for Opthea’s vision impairment therapy
Opthea (ASX:OPT) has announced a boost to its cash reserves, receiving a $15.9m research and development tax incentive from the Australian Taxation Office.
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ASX files defence in ASIC proceedings
ASX (ASX:ASX) filed its defence today in relation to proceedings initiated by the Australian Securities and Investments Commission.
Read MoreDow drops as post-election rally stalls
Overnight, global markets saw a mixed bag, with US equities mostly lower across the board. Nine of the eleven S&P 500 industry sectors experienced declines, with industrials leading the way.
Read MoreChina makes waves with offshore solar project
China has taken a step forward in renewable energy, launching the world's first gigawatt-scale offshore solar photovoltaic project.
Read MoreCbus faces Senate grilling
Cbus Super CEO Kristian Fok is set to appear before the Senate Economics References Committee today in relation to a range of matters, including ASIC’s latest allegations of failed insurance claim handling.
Read MoreGrainCorp’s growth hits a dry spell
GrainCorp (ASX:GNC) reported a resilient performance in its FY24 results despite difficult global and local market environments. Earnings, however, have come in slightly below expectations.
Read MoreNufarm prunes costs, plants diversification
Nufarm (ASX:NUF) has announced its full-year financial results for FY24, reporting a drop in net debt by 25% to $635m.
Read MoreSaaS success launches Catapult’s profits skyward
Catapult Group International (ASX:CAT) has announced a robust financial performance for the first half of FY25, ending 30 September 2024.
Read MoreWaste not, compete not? ACCC flags concerns over Cleanaway’s $110m Citywide Deal
The Australian Competition and Consumer Commission has flagged potential issues with Cleanaway's planned acquisition of the waste and recycling division of Citywide Service Solutions.
Read MoreNeuren launches $50m share buy-back
Neuren Pharmaceuticals (ASX:NEU), an Australian biotech focused on developing treatments for neurological disorders, has announced a substantial on-market share buy-back program.
Read MoreS&P 500, Dow remain steady while Nasdaq dips
The S&P 500 and Dow Jones Industrial Average ended Wednesday’s session near the flatline as the postelection rally lost momentum. Investors also focused on a key inflation report, which came in as expected.
Read MoreWeight loss drugs, supercomputers, sovereign AI and Denmark
Denmark is at the forefront of integrating artificial intelligence within structured regulation, recently launching a new AI supercomputer.
Read MoreUS stocks retreat as major indices take a breather
US stocks fall on Tuesday as major indices took a breather following their postelection rally.
Read MoreShell wins Dutch court battle over emissions targets
Shell has successfully appealed a 2021 ruling by a Dutch court that required the company to cut its global carbon emissions by 45% by 2030, from 2019 levels.
Read MoreAlibaba launches AI search tool for small businesses
Chinese e-commerce giant Alibaba has launched a new artificial intelligence-powered search engine, named Accio, aimed at helping small businesses in Europe and the Americas source supplies more efficiently
Read MoreTesla’s stock soars as Musk-Trump alliance drives investor optimism
Tesla’s stock has seen a remarkable week of gains, surging around 20% over the past five days.
Read MoreNOVONIX advances battery materials leadership
In a November 2024 research report by Senior Analyst Di Brookman from Corporate Connect, NOVONIX (ASX:NVX) showcased its growing footprint in the North American battery supply chain.
Read MorePaladin plunges as it resets uranium goals
Shares in Paladin Energy (ASX:PDN) plummeted today after the company announced a reduction in its FY2025 production guidance for its Langer Heinrich Mine in Namibia.
Read MoreFull steam ahead: Aurizon extends buy-back
Aurizon Holdings (ASX:AZJ) has announced a $100m extension to its on-market share buy-back program, bringing the total buy-back to $250m.
Read MoreStorage gains: Abacus raises FY25 distribution guidance
In a financial update, Abacus disclosed Funds From Operations (FFO) of $81.1m and a statutory profit of $138.2m for FY24.
Read MoreOFX Group reports flat revenue amid challenging market
OFX Group (ASX:OFX) has released its results for the half-year ending 30 September 2024, showing mixed performance amid challenging economic conditions.
Read MoreStocks of the Hour: Nanoveu, DigitalX, Native Mineral Resources Holdings
A snapshot of the stocks on the move, featuring Nanoveu Limited (ASX:NVU), DigitalX (ASX:DCC) and Native Mineral Resources Holdings (ASX:NMR).
Read MoreGame over for Plarium as Aristocrat cashes out
Aristocrat Leisure (ASX:ALL) has announced the sale of its mobile gaming subsidiary, Plarium Global, to Sweden’s Modern Times Group for up to US$820m.
Read MoreDow hits record as post-election rally gains momentum
The Dow Jones Industrial Average surged over 300 points on Monday, closing at a new all-time high as the post-election rally continued to gain momentum.
Read MoreSemiconductor Australia 2024 highlights
12 November 2024 – The inaugural Semiconductor Australia conference was held on Thursday 24 October at Deloitte, Quay Quarter Tower, Sydney.
Read MoreResolute Mining CEO and executives detained in Mali
Resolute Mining (ASX:RSG) confirmed in an announcement this morning that CEO Terence Holohan and two other executives were detained in Mali after discussions with government officials.
Read MoreChinese stocks fall on stimulus disappointment
Chinese stocks in Hong Kong fell on Monday after Beijing’s high-profile fiscal stimulus plan failed to meet investor expectations.
Read MoreNissan parks 9,000 jobs to steer through crisis
Nissan has announced a major restructuring plan in response to mounting financial losses, including the elimination of 9,000 jobs from its global workforce and a 20% reduction in production capacity.
Read MoreMiners hit as China stimulus falls short and trade war fears grow
Australian mining stocks fell sharply as concerns over China's economic direction and potential trade war risks weighed on the market.
Read MoreBitcoin breaks $80,000 milestone as Trump’s pro-crypto stance fuels rally
Bitcoin has surged past the US$80,000 mark for the first time, reaching A$122,894 on Sunday. This historic high comes as investor confidence soars following Trump’s re-election.
Read MoreSilk Logistics to be acquired by DP World Australia in $174.5m deal
Silk Logistics Holdings (ASX:SLH) has entered into a Scheme Implementation Deed with DP World Australia Limited for the acquisition of 100% of its issued share capital through a scheme of arrangement.
Read MoreNovonix secures supply deal with Stellantis to boost EV growth
Novonix (ASX) has secured a significant offtake agreement with global automotive manufacturer Stellantis NV.
Read MorePexa reaffirms FY25 guidance, notes market uncertainties
Pexa Group (ASX:PXA) has released its first-quarter update for FY25. The company now handles 90% of all property transfer settlements in Australia.
Read MoreSteady sales keep Endeavour on course amid cost hikes
Endeavour Group (ASX:EDV) has reported stable sales for the first quarter of FY25, with a fall in EBIT margin for H1 FY24 expected.
Read MoreIress faces legal challenge from ESSSuper
Iress (ASX:IRE) has confirmed that the Emergency Services Superannuation Board has initiated civil proceedings against the company and its subsidiary, Financial Synergy Holdings Pty Ltd.
Read MoreStockland upgrades FY25 earnings guidance following acquisition
Stockland Corporation (ASX:SGP) has upgraded its earnings guidance for FY25. This follows the completion of regulatory approvals for the acquisition of 12 masterplanned residential communities from Lendlease.
Read MoreFonterra to proceed with sale of consumer brands
Fonterra Co-operative Group (ASX:FSF) is advancing its strategy to divest its global consumer businesses, including Fonterra Oceania and Fonterra Sri Lanka.
Read MoreIncitec Pivot reports mixed results for FY24
Incitec Pivot has reported a net loss of $311m for the financial year ending 30 September 2024, a sharp reversal from its $560m profit the prior year.
Read MoreUS stock market soars to new heights
The stock market reached fresh record highs on Friday, with the Dow and S&P 500 marking their best week in a year following Donald Trump’s election victory.
Read MoreChina unveils $2.1 trillion debt support plan: Markets react cautiously
China announced a significant 10 trillion yuan stimulus package aimed at addressing its growing local government debt burden.
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