Alkane rides wave of high gold prices
The surging Australian dollar, the gold price and higher production has seen NSW Central West gold miner and copper explorer Alkane book a 33% surge in revenue for the three months to September.
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Production soars for Westgold following $1.2bn Karora deal
Westgold Resources (ASX:WGX) still expects its recent gold acquisition, Karora Resources, to provide an expected second half boost in production, revenue and earnings after reporting a lift in September quarter production.
Read MoreAmpol’s pipeline of problems: $100m in earnings goes up in flames
Fuel refiner and retailer Ampol (ASX:ALD) is facing a rough end to 2024. Problems that emerged in the three months to September are continuing into the final quarter of the financial year.
Read MoreTakeovers Panel clears path for Rio control of ERA
Rio Tinto will take control of a $2.4bn uranium mine rehabilitation project for its majority-owned subsidiary Energy Resources of Australia (ERA), ending a long-running dispute with minority investors over control of the company and its former mine near Kakadu National Park in the Northern Territory.
Read MoreSurge in China’s coal and copper imports surprises analysts
China’s commodity imports were surprisingly strong in September, despite the overall weakness in inbound shipments and the sharp softening in export growth.
Read MorePilbara Minerals secures $1b funding to navigate lithium downturn
Pilbara Minerals (ASX:PLS) looks to have secured a large enough funding package to help it navigate the ongoing downturn in lithium.
Read MoreChina’s economic Weakness: Alarming signs in recent data
More evidence suggests that the Chinese economy is weak, and the patchy stimulus measures announced in the past two weeks may be too little, too late.
Read MoreThe price tag on TPG’s connection delay
An expensive delay for TPG Telecom (ASX:TPG), which has seen a $1bn fall in the price of its fibre network infrastructure assets and its enterprise, government and wholesale (EGW) fixed business to Vocus Group (ASX:VOC).
Read MorePour decisions: TWE’s pricey settlement
Treasury Wine Estates (ASX:TWE) has agreed to pay $65m to settle two class action lawsuits related to its profit downgrade at the start of 2020.
Read MoreDeepening deflation: China’s economic challenges in September
Deflation deepened across the Chinese economy in September, highlighting a problem that the government has so far refused to tackle with its tentative stimulus measures.
Read MoreASX set for strong opening
The ASX is set for a solid opening on Monday morning following a 46-point gain in share price index futures trading on Friday night. However, this gain may be tempered by the unknown reaction to yet another lackluster stimulus announcement from the Chinese government on Saturday.
Read MoreTesla shares drop after Robotaxi announcement
Another stunning “triumph” from Elon Musk as his highly hyped robotaxi product launch failed to impress investors—many of whom had believed he would achieve a marketing coup at Thursday night’s event.
Read MoreChina’s vague stimulus package leaves investors confused
For the second time in a week, China has left investors questioning what the term "stimulus" really means.
Read MoreJPMorgan and Wells Fargo drive market optimism
Eighteen months after the regional banking crisis—which many analysts claimed foreshadowed larger issues for the country's banks and the economy—America’s banks appear to be in robust health, based on the first round of September quarter earnings reports from major players like JPMorgan Chase and Wells Fargo.
Read MoreRio’s bargain hunt in the lithium jungle
Rio Tinto's (ASX:RIO) counter-cyclical move in offering nearly $10 billion for London- and US-based Arcadium Lithium has exposed the enormous potential losses now facing the entire lithium industry here and offshore — including in China.
Read MoreShopping spree for Aussie Super
The country’s biggest investor, Australian Super, has ignored all the poor publicity around supermarket giant Woolworths. It has spent close to half a billion dollars since late March on Woolworths shares.
Read MoreBuffett’s selling spree delivers billions
A week before it reports its third quarter earnings, Warren Buffett’s Berkshire Hathaway has cut its Bank of America stake under the 10% limit that requires disclosure of changes in the size of the holding in what US regulators call a "timely manner".
Read MoreNavigating Milton’s rising tide of losses
America’s 2024 hurricane loss bill looks like being boosted towards more than US$150 billion by Milton’s destructive path through central Florida and potential return to the north-east of the US.
Read MoreTower projects record profit amid natural disaster absence
The absence of major storms, earthquakes, or other natural disasters has led New Zealand insurer Kiwi Insurer Tower (ASX: WR) to drop a significant hint that its underlying net profit after tax for 2023-24 will be one of the best reported, at around NZ$83 million.
Read MoreSeven Group seeks name change
Kerry Stokes’ main listed company, Seven Group Holdings (ASX:SVW), wants shareholder approval to change its registered company name to "SGH Limited." This move aims to further distance the company and its empire from its ailing TV arm, Seven West Media.
Read MoreTD Bank hit with record $3b money laundering fine
Canadian-owned TD Bank has become the largest US bank to face a money laundering fine from US regulators.
Read MoreUS jobless claims surge
As usual, Wall Street got itself into a bit of a tizzy when the September Consumer Price Index came in slightly higher than forecast and the latest initial unemployment claims rose to a 14-month high.
Read MoreMetals Acquisition’s lucky placement strike
Cobar copper miner Metals Acquisition (ASX:MAC) raised a little more than it planned in Wednesday’s placement.
Read MoreHigh gold prices cushion Regis’ financials
WA Gold miner Regis Resources (ASX:RRL) has joined what could be a growing trend – a weakness in output in the three months to September mitigated by record high prices for the metal.
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Chinese stocks plummet as stimulus hopes fade
Chinese stocks caught up with Hong Kong on Wednesday, falling sharply as the Chinese government’s attempts to convince the world that it was interested in stimulating a moribund economy failed for a second consecutive day.
Read MoreRio takes a shot at Arcadium
A halfway split would be one way of describing the takeover price Rio Tinto (ASX:RIO) will pay to take control of Arcadium (ASX:LTM).
Read MoreWaking the Kiwi economy
Having put the NZ economy to sleep, the country’s central bank is now trying to stop it sliding further into a freeze with a 0.5% cut in the official cash rate to back up the August trim of 0.25%.
Read MoreTurning Driftwood into LNG gold: Woodside expands in the US
Woodside Energy has a new name for its latest US LNG interest and is targeting a final investment decision some time next year for the Louisiana-located project.
Read MoreOlam’s bid unravels: LDC’s cotton conquest
One of the longest and noisiest takeover battles at the bottom end of the market has ended with French agri commodities giant Louis Dreyfus Company getting control of Namoi Cotton.
Read MoreNewmont sells Ghana gold asset
Newmont has made a second major asset sale in a couple of months as it continues to integrate last year’s Newcrest takeover.
Read MorePowering down prices in Chinese EV market
Figures released this week by the China Passenger Car Association paint a picture – Tesla’s price cuts and other measures are a tiny part of what is now a full-on price brawl.
Read MoreMetals Acquisition seeks $140m to reduce debt
Metals Acquisition (ASX:MAC), which owns the former Glencore copper mine in Cobar, western NSW, has gone to the market seeking around $140 million to help reduce its debt.
Read MoreNAB skeptical of commodity price rebound amid China’s stimulus measures
Economists at the National Australia Bank are not fully convinced by the rebound in commodity prices over the past fortnight since China announced a series of seemingly coordinated stimulus measures aimed at helping its struggling economy.
Read MoreInvestors left disappointed: China fails to deliver on stimulus promises
China demonstrated on Tuesday how to deflate an overzealous rally from both local and foreign investors who had tossed good sense aside over the weekend and Monday.
Read MoreQantas faces $100m penalty in “ghost flights” scandal
The Federal Court has confirmed a $100 million penalty in relation to its so-called "ghost flights" scandal.
Read MoreA tale of two miners: Capricorn stumbles while Emerald shines
WA gold miner Capricorn Metals (ASX:CMM) saw a sharp drop in quarterly production at its Karlawindi gold project in WA as it set up mining operations for the new quarter.
Read MoreWest African Resources stays golden after permit reassurances
Shares in gold miner West African Resources (ASX:WAF) jumped more than 10 per cent at one stage on Tuesday after it said its Burkina Faso mine would not be hit by a change in mining laws that emerged over the weekend.
Read MoreRay of hope for economic recovery
According to the latest monthly business survey from the National Australia Bank, the pace of economic activity improved in September, setting up what could be an improving end to the year.
Read MoreA haunting experience: Qantas faces $100m penalty for ghosting customers
The Federal Court has confirmed $100m in penalties over the so-called "ghost flights" scandal.
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