Bourse Discourse: IGO, WES, NCZ
On the ASX docket Thursday: IGO’s WSA takeover reaches its conclusion; a fairly nondescript investor presentation from Wesfarmers; and an old copper mine gets another life.
Read MoreOn the ASX docket Thursday: IGO’s WSA takeover reaches its conclusion; a fairly nondescript investor presentation from Wesfarmers; and an old copper mine gets another life.
Read MoreAustralian economic growth slowed sharply in the March quarter from December’s multi-year high, but still managed to show a gain despite a constant flurry of adverse effects.
Read MoreWednesday’s ASX trading session has come and gone, with some major – and majorly bad – news for Origin Energy among the day’s tidings, along with expansion plans for South32.
Read MoreShares in local metals stocks were hit hard in Wednesday trade thanks in part to a bearish report from Goldman Sachs on the price prospects of key EV battery components.
Read MoreThe second major takeover in the gold industry in a year will see South African miner Gold Fields buy Canada’s Yamana Gold to create the world’s fourth largest gold producer.
Read MoreWoodside Energy says it has completed its merger with BHP’s oil and gas portfolio and new Woodside shares will start trading this week.
Read MoreAs one month rolls into the next, here’s a look at how the various global commodities and markets fared in May.
Read MoreThe slide in home building approvals slowed in April following the steep swings over the previous three months, with the 2.4% drop a far better outcome than March’s 19.2% slump.
Read MoreToday’s March quarter national accounts and GDP data will show growth slowing from the previous period, principally due to the surge in the value of selected imports.
Read MoreHours after data showed China’s economy remains in a contractionary phase, the government revealed a swag of policy changes designed to stimulate activity and turn it around.
Read MoreDe Grey Mining’s emerging Mallina gold complex southeast of Port Hedland in the WA Pilbara has just seen another significant upgrade in its indicated and inferred gold resources.
Read MoreThe abandonment of its split proposal may mean AGL ends up accelerating the switch to greater use of renewables and gas much more quickly than previously thought.
Read MoreBubs Australia has struck a mega deal to send 1.25 million tins of baby formula to desperate parents in the US, and Monday saw A2 Milk join the rush and offer a deal of its own.
Read MoreShell has provided an early test for the new ALP federal government, along with the expanded greens and independents who want faster climate change policy decisions.
Read MoreMajority holder Yankuang has announced it is considering a bid for Yancoal to be satisfied through the issuance of convertible bonds, at a steep discount to the current share price.
Read MoreAGL Energy has called off its proposed splitting of the company into ‘good’ and ‘bad’ halves after facing growing shareholder opposition to the idea, led by Sydney billionaire Mike Cannon-Brookes.
Read MoreAhead of the March quarter economic growth figures this week, data Friday confirmed that household consumption remained solid in April, even though inflation was clearly evident.
Read MoreWith Wall Street closed Monday after last week’s surprise first weekly gain in seven weeks, investors elsewhere will watch and wait for a day to see if the new tone continues.
Read MoreAs another month ends, a new month starts which means another test for the health of the US economy and investor confidence with May jobs data released on Friday.
Read MoreOil continues to be at the forefront of commodity market activity as the northern hemisphere heads into summer and the peak time for petrol usage with gas prices still on the march.
Read MoreGet ready for more gloomy news next week on the health of the Chinese economy with the manufacturing and service sector activity surveys likely to reveal no improvement from April’s sharp contraction.
Read MoreWall Street has fallen in behind the US Federal Reserve’s hawkish approach to bashing inflation lower with a series of 0.50% rate rises and seems ready to cop whatever the central bank delivers over the rest of 2022.
Read MoreDespite share market volatility and growing investor fears of a slowdown in economic activity – and even recession – the electric vehicles / green metals boom shows no sign of easing up.
Read More2021 saw a surge in global dividend payments to shareholders to record levels after they had sagged in the first year of the pandemic in 2020, with BHP at the very top of the list.
Read MoreRecent solid assays from one hole Galileo Mining drilled at its Norseman prospect in WA has been confirmed as showing the presence of the rare metal rhodium.
Read MoreNew Zealand dairy giant Fonterra is still assessing whether to sell off its Australian businesses after reporting weaker revenue and earnings for the 9 months to the end of March.
Read MoreInvestors in the local coal sector ran for the hills on Thursday with heavy falls in the share prices of a few major players and plenty of speculation about one in particular.
Read MoreWoodside Energy remains a strong believer in the buoyant outlook for LNG, forecasting prices to remain high as the market tries to adjust to the current global supply disruptions.
Read MoreAppen shares will plunge when trading restarts this morning after Canadian suitor Telus walked away from a near $1.2 billion takeover bid just hours after it was revealed to the market.
Read MoreAfter its wheat export ban, India has now capped sugar exports to safeguard its own supplies and ease inflationary pressures which threaten to trigger rising social unrest.
Read MorePlenty of action on Wednesday in the always interesting local mining sector. Here is the latest from strategic metals producers Pilbara Minerals and Chalice Mining.
Read MoreThings were also busy across in the ASX Industrials sector. Here’s some news released during the Wednesday session by Costa Group, Fisher & Paykel Healthcare and ALS Ltd.
Read MoreNo messing about with inflation across the Tasman as the RBNZ revealed its second 0.50% increase in the official cash rate, taking it to 2% – the highest it has been for six years.
Read MoreThe hint of a steadier tone on Wall Street was ended by another surprise from the techs when Snap revealed a weak outlook on Monday after trading ended.
Read MoreBGH Capital has made an approach to payments group Pushpay after securing a 20% pre-bid stake and confirming that it and another shareholder are working on a bid proposal.
Read MoreChalice Mining is after a $100 million equity top up to help finance the company’s big push at its exciting Julimar prospect in WA towards a massive new global rated mining operation.
Read MoreBuried in Monday’s update from Sydney-based real estate agency McGrath Limited were strong hints of the bloom going off the boom in the local property and housing market.
Read MoreBrisbane-based TechnologyOne says it has completed its transition to a software-as-a-service company as revenue leapt 19% in the March half and the dividend was boosted 10%.
Read MoreShares in rural giant Elders jumped 11% at one stage yesterday after a strong result for the six months to the end of March that also saw the company lift its full year earnings guidance.
Read MoreThe change of government went off without the horses stampeding the ASX yesterday, helped by ratings group S&P Global reaffirming its AAA stable rating for the local economy.
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