Poland green lights Little Green Pharma
Little Green Pharma (ASX:LGP) has announced that its Desert Flame high THC (20%) medicinal cannabis flower product has received Marketing Authorisation in Poland.
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ASX down 0.7% at noon: UBS analysts forecast upside for health insurers
At noon, the S&P/ASX 200 is 0.7% lower at 7,398. According to UBS analysts, Suncorp (ASX:SUN), Hub24 (ASX:HUB), GQG Partners, and Magellan (ASX:MFG) are potential sources of upside in the upcoming reporting season.
Read MoreChina’s mining investments reach record high amid green tech push
China's investments in metals and mining overseas are set to hit a record high this year, as the nation strives to secure vital resources and maintain its position as the world's leading producer of electric vehicles, batteries, solar panels, and wind turbines
Read MoreMore corporate earnings released, copper surges on Chinese optimism
The S&P 500 fell to start August, as investors navigated a raft of corporate earnings reports and assessed a fresh batch of economic data.
Read MoreASX closes 0.54% higher as RBA leaves cash rate unchanged
At the closing bell, the S&P/ASX 200 was 0.54 per cent higher at 7,450.70 after the Reserve Bank’s left the cash rate on hold.
Read MoreAfternoon update: ASX up 0.36% with IT leading the way
The S&P/ASX 200 is performing well today, up by 0.36 per cent so far. The SPI futures are also looking positive, up by 35 points.
Read MoreASX up 0.26% at noon as investors await RBA decision
According to a recent ANZ-Roy Morgan survey, consumer confidence experienced a notable boost of 3.2 percentage points last week, reaching its highest level since late April.
Read MoreOil records highest monthly surge in over a year
Oil prices experienced their most substantial monthly surge in more than a year, fuelled by signs of a tightening market and record-high crude demand.
Read MoreBond traders speculate on rate hike
Bond traders displayed increased confidence on Monday, suggesting that the Reserve Bank of Australia might be approaching the end of its aggressive cycle of interest rate increases.
Read MoreL Catterton plans $11 billion IPO for Birkenstock
L Catterton, the private equity firm backed by luxury French fashion house LVMH, is gearing up to launch an initial public offering of Birkenstock as early as September.
Read MoreApple, Amazon, and Starbucks to give insights into consumer spending
This week, several major companies, including tech giants Apple and Amazon, along with coffee giant Starbucks, are set to report their earnings, providing insights into consumer spending habits amidst easing inflation and rising interest rates.
Read MoreUS major averages rise after wrapping up winning month
Stocks rose modestly Monday as Wall Street kicked off a busy earnings week and wrapped up a winning month.
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Lake Resources notes 37% increase in measured resource
In its quarterly activities report, Lake Resources (ASX:LKE) noted a 37% increase in the measured, higher-grade resource at Kachi, supporting over 25 years of supply life.
Read MoreNOVONIX highlights partnership with LG Energy
Achievements highlighted in NOVONIX's Quarterly Activities Report include a research and development agreement with LG Energy and progress towards DOE funding.
Read MoreImmutep makes headway in late-stage trials
Immunotherapy company Immutep has released its Quarterly Activities report, which highlights significant progress in late-stage and registrational trials.
Read MoreUS energy firms cut oil rigs for eighth month while adding new natural gas rigs
July saw US energy firms again cut the number of active oil rigs in use for an eighth straight month while they added new natural gas rigs for the first time in three months.
Read MoreASX up 0.13% at noon as investors await Tuesday’s RBA decision
At midday, Australia's share market has returned to a flat position after experiencing an early rise. Investors seem cautious as they await the RBA interest rate decision scheduled for Tuesday.
Read MoreDow Jones & S&P 500 secure third consecutive week of gains
Stocks rose Friday with the Dow Jones Industrial Average and S&P 500 closing out their third winning weeks in a row as a measure of inflation closely watched by the Federal Reserve came in at its lowest in nearly two years.
Read MoreRussia’s grain deal withdrawal strains relations with China and Turkey
Russia's decision to withdraw from a deal allowing Ukrainian grain to be exported globally is a high-stakes gamble by President Vladimir Putin that risks straining diplomatic relations with two of Russia's influential partners, China and Turkey.
Read MoreQantas responds to Sydney Airport’s “slot hoarding” accusations
Qantas has fired back at Sydney Airport's claims of "slot hoarding," stating that the airport is primarily interested in increasing its own revenue.
Read MoreASX down 0.8% at noon as Australian retail sales fall
Australian retail sales experienced a 0.8% decline last month, as reported by the Australian Bureau of Statistics. This result came as a surprise to markets, which had anticipated a steady performance for June following a robust 0.7% gain in May.
Read MoreJapan and South Korea decline offer to join $44 billion LNG project
Japan and South Korea have rejected US overtures to join the proposed $44 billion Alaska natural-gas project, which could be one of the most significant energy investments in American history.
Read MoreLiontown on track for first production for Kathleen Valley lithium project
Liontown Resources' (ASX:LTR) Kathleen Valley Lithium Project is well on track for its first production by mid-2024, as the company achieved significant milestones during the June quarter.
Read MoreThe Dow finally snaps historic 13-day rally
The Dow Jones Industrial Average finally ran out of steam Thursday as investors cashed in following a historic streak of 13 straight gains.
Read MoreASX closes 0.73% higher to hit a five-month high
On Thursday, the Australian sharemarket reached a five-month high, driven by a strong performance in real estate and technology stocks.
Read MoreGold 50 discovers significant gallium mineralisation at Golconda Project
Gold 50 (ASX:G50) has reported a notable discovery of gallium mineralisation during its maiden drilling program at the Golconda Project in Arizona.
Read MoreJPMorgan bullish on gold
JPMorgan Chase is positioning itself in anticipation of an impending US recession, foreseeing a surge in gold prices to surpass $2000 an ounce by the end of this year.
Read MoreATCO abandons WA green hydrogen plan
A significant commercial-scale green hydrogen project in Western Australia has been scrapped by Canadian infrastructure player ATCO, despite receiving funding support from the Australian government's renewables arm.
Read MorePacWest and Banc of California merge to downsize
Mergers typically result in larger combined entities, but a recent bank deal is bucking the trend by pursuing a different path — one that could potentially unlock more lender mergers in the future.
Read MoreMeta exceeds revenue expectations
Meta platforms has surpassed analysts' expectations for second-quarter sales and provided a positive outlook for the current period, propelling its shares to climb 4.5 percent in after-hours trading.
Read MoreTerraCom reports strong quarterly performance amid market challenges
TerraCom Limited (ASX:TER), a leading global coal mining company, has released its quarterly activities report for the three months ended 30 June 2023, showcasing robust production and financial performance despite facing market headwinds.
Read MoreASX currently 0.66% higher: Macquarie Group declines due to weaker trading conditions
Macquarie Group (ASX:MQG) shares experienced a decline as the investment bank attributed it to challenging trading conditions.
Read MoreMineral Resources CEO Chris Ellison chooses Australia over China for lithium business
Mineral Resources (ASX:MIN), led by CEO Chris Ellison, has made a strategic decision to forego its plan of constructing lithium hydroxide refineries in China. Instead, the company is shifting its focus to producing a lithium sulphate product in Australia. According to Mr. Ellison, the returns from this new approach justify avoiding the costs and risks associated with moving fully downstream into battery chemicals in China.
Read MoreTamboran Resources reports fourth quarter activities
Tamboran Resources (ASX:TBN), a leading gas exploration company based in Australia, has released its fourth-quarter activities report for the period ending on June 30, 2023.
Read MoreDow posts best winning streak since 1987
The Dow Jones Industrial Average rose Wednesday, notching its best winning streak since 1987 as traders digested a Federal Reserve rate hike and major corporate earnings.
Read MoreWhat to know about the TechKnow Invest Roadshow
Whilst the prevalence of Artificial intelligence has boosted the US tech sector, Australian tech stock valuations have largely been dampened amid rising interest rates, macroeconomic uncertainties and geopolitical tensions.
Read MoreASX closes 0.85% higher: Rio Tintos half-year profit gets slammed
Rio Tinto's (ASX:RIO) half-year profit fell 34% due to weaker commodity prices. The $US5.7 billion underlying result and dividend missed analyst estimates. Australian iron ore dominated the result, but lower prices offset improved volumes.
Read MoreLuring brands back to Twitter
X Corp is making strategic moves to lure brands back to its social media platform under the ownership of Elon Musk, and one of its key tactics is offering substantial discounts on ad prices.
Read MoreMinRes misses export targets
Mineral Resources (ASX:MIN) has fallen short of its lithium export targets from the Wodgina mine in Western Australia, which it operates in partnership with Albemarle, a New York-based company.
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