Evolution Mining expands NSW investments
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Evolution Mining (ASX:EVN) has proposed to acquire an 80% stake in the long-established Northparkes copper-gold mine in the state's central west for over $700m.
Read MoreEvolution Mining (ASX:EVN) has proposed to acquire an 80% stake in the long-established Northparkes copper-gold mine in the state's central west for over $700m.
Read MoreOne forecast that drew attention this week came from Moody’s, which issued a cautionary outlook for the health of the global banking sector in the upcoming year.
Read MoreThe precious metal's prices plummeted from record highs during Monday's global session in Asia, driven by a stronger dollar and increased US treasury yields as the day progressed.
Read MoreToday marks the judgment day for Origin Energy, as trading in the company's shares is set to resume later on Tuesday. This comes after the well-anticipated defeat of the $20 billion bid for the company by Canada's Brookfield and the US's EIF.
Read MoreThe $20 billion (enterprise value) bid for Australia's Origin Energy (ASX:ORG) has been defeated, leaving the company to chart its own path once again.
Read MoreGold soared past $2,100 in Asian dealings on Monday, setting a new high for the third consecutive day.
Read MoreWorrying signs are emerging for Australian lithium miners and processors. Industry leader BYD has reported no growth in sales for battery-powered vehicles since October.
Read MoreMetcash, the supermarkets, hardware, and liquor group, has reduced its interim dividend for the six months ending on October 31 due to a noticeable slowdown in earnings growth.
Read MoreIn a surprising announcement, New Zealand-based insurer Tower has declared a strategic review of its ownership structure.
Read MoreGold reached a record high on Friday as the dollar and Treasury yields fell following weak US economic data. Investors seemingly disregarded Fed Chair Jay Powell's warning of potential rate hikes if inflation strengthens once more.
Read MoreLast week, OPEC+ convened but witnessed oil prices falling, despite claims of production cuts made during Thursday's meeting.
Read MoreAnother significant week awaits the Australian economy with the last Reserve Bank (RBA) board meeting of the year tomorrow and the release of September quarter national accounts and GDP figures on Wednesday.
Read MoreThere are several significant market drivers both locally and internationally this week. In addition to Australia's release of monthly and quarterly data, including an RBA meeting, investors must consider the US stock market surge, the health of the US economy, and its impact on interest rates and falling bond yields.
Read MoreChina's official activity survey for November indicates a continued slowdown in its economy. Manufacturing contracted for a second consecutive month, while non-manufacturing activity reached a new yearly low.
Read MoreIn Europe, the advance data on inflation showed a slide to an annual rate of 2.4% from 2.9% in October, while in the US, so-called PCE inflation is still falling to 3% in October, from 3.6% in September.
Read MoreGlobal oil prices plummeted after the OPEC+ group failed to reach a consensus on production levels for some members.
Read MoreOne of Warren Buffett’s key energy plays is taking the famed investor deeper into fossil fuels, if US media reports are any guide.
Read MoreIn the ongoing Origin Energy (ASX:ORG) takeover saga, the company's board has rejected the third offer from suitors Brookfield of Canada and US investor EIG. This rejection appears to have put an end to the prolonged takeover battle.
Read MoreEarly Friday, Sydney time, Elon Musk's biggest punt in years is due to be rolled out: the final version of Tesla's Cybertruck. This vehicle could either further boost his reputation and that of his carmaker or blow it apart if it's a dud.
Read MoreDespite stronger-than-forecast third-quarter growth, US investors are now more upbeat about the chances of a rate cut after a key briefing document for the Federal Reserve's December meeting showed a slowing in the pace of activity in parts of the economy and a further slipping in cost pressures.
Read MoreNew Zealand may have changed governments, but the country's Reserve Bank hasn't altered its monetary policy stance, keeping the official cash rate steady at 5.5% on Wednesday.
Read MoreInflationary pressures eased slightly in October, as many economists had forecast, following a poor result in September and data for the September quarter. However, the improvement is not a cause for great excitement and will not lead the Reserve Bank to change its stance on the risks of "sticky" inflation, heightened expectations, and potential interest rate hikes.
Read MoreSigns of a small pickup in sales boosted Harvey Norman (ASX:HVN) shares by 3% on the ASX Wednesday morning as the consumer electronics and white goods group held its annual meeting for 2022-23.
Read MoreOnline homewares retailer Temple and Webster (ASX:TPW) has announced a robust beginning to the new financial year, with sales surging, especially during the four-day Black Friday-Cyber Monday period over the weekend.
Read MoreNew Zealand-based Fisher & Paykel Healthcare Corporation has increased its interim dividend from 17.5 NZ cents to 18 NZ cents for the six months ending September 30, following a robust performance with a 16% rise in revenue and a 12% increase in after-tax earnings.
Read MoreCharlie Munger, Berkshire Hathaway's deputy chair and longtime Warren Buffett confidant, has passed away at the age of 99.
Read MoreThe global copper market faces uncertainty as doubts arise about the reliability of output from two major Latin American mines in Panama and Peru.
Read MoreGold continued its upward trend, reaching new six-month highs, and some analysts are now forecasting that the precious metal could soon set a new all-time high if the current momentum persists.
Read MoreIn a surprising turn of events, Australian retail turnover fell by 0.2% in October, contrary to the forecasted 0.2% rise.
Read MoreShareholders in fast-food group Collins Foods (ASX:CKF) will receive an increase of half a cent in their interim dividend, bringing it to 12.5 cents per share.
Read MoreGlobal commodities giant Louis Dreyfus (LDC) is looking to acquire Namoi Cotton (ASX:NAM) with a non-binding all-cash offer of 51 cents per share, representing a substantial 41% premium over Monday's closing price of 36 cents.
Read MorePerseus Mining has utilised a portion of its US$600 million (over A$900 million) cash reserve to acquire a significant stake in OreCorp, a competing African mining company.
Read MorePerth-based IGO (ASX:IGO) has cleared incoming CEO Ivan Vella after he was summarily fired by his former employer, Rio Tinto, over a confidentiality breach.
Read MoreQBE (ASX:QBE) looks set to meet or exceed its 2022 net profit, thanks to a remarkable turnaround in investment returns during the year ending in December.
Read MoreBy next Sunday, it will be clear whether Canada's Brookfield and EIG of the US have a chance of gaining approval at Origin Energy's adjourned shareholders' meeting on Monday, December 4.
Read MoreChina's property woes continue to inflict damage on the nation's economy, with indications of substantial losses and potential criminal investigations surfacing as the government grapples with years of lax regulation, dubious transactions, and excessive lending throughout the financial sector.
Read MoreA London court decision on Friday could provide BHP with a significant advantage in limiting potential financial liabilities related to a British court class action concerning the 2015 dam collapse at the Samarco iron ore pellet operation in Brazil.
Read MoreA week ago, no one anticipated the sudden uncertainty gripping the oil markets. The steadfast support for production cuts within the OPEC+ group appeared unshakable, with little indication of any discord before the widely expected meeting on Sunday to extend production cuts into the new year.
Read MoreGold prices rose in light holiday trade early on Friday as the dollar weakened, while rising treasury yields checked the gains. Comex gold for February delivery closed up $10.30 to settle at $2,022.10 an ounce.
Read MoreWall Street offered Australian investors little guidance as they resumed trading today, leaving them with nothing but fond wishes and hopes for retailers.
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