QX Resources advances US lithium brine project
Recent samplings at QX Resources' lithium project support previous anomalous results. These elevated results extend over a 10km distance.
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ASX up 0.75% at noon: June quarter inflation lower than expected
The June quarter headline inflation came in at 6 per cent, lower than the expected 6.2 per cent.
Read MoreGeneral Motors & General Electric are the latest to report
The Dow Jones Industrial Average closed higher Tuesday, notching its longest winning streak in more than six years as traders weighed the latest earnings reports.
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Talon Energy lights up Gurvantes XXXV CSG Project
Talon Energy Ltd. (ASX:TPD) recently announced a significant milestone in its Gurvantes XXXV Coal Seam Gas (CSG) Project in the South Gobi Basin of Mongolia.
Read MoreAustralia’s green energy push: Nuclear rejected, renewables embraced
Australia's Minister for Climate Change and Energy, Chris Bowen, has reaffirmed that nuclear energy will not be part of the country's energy mix, citing the abundance of renewable energy sources as the primary reason for the decision.
Read MoreA pivotal $40 trillion week ahead for high-flying stocks
The upcoming week holds significant importance for global stocks, as companies with a combined market value of $US27 trillion (A$40 trillion) prepare to announce their quarterly earnings.
Read MoreAfternoon update: Mining powerhouses lead gains, wheat futures soar
The S&P/ASX 200 has risen by 0.48 per cent with the SPI futures pointing to a rise of 37 points. The Materials sector is the best-performing, up 3.16 per cent, while the Consumer Discretionary sector is the worst-performing, down 0.88 per cent.
Read MoreUS IPO market awakens from long slumber
Last week, a surge of FOMO among IPO investors was evident as Oddity Tech, the parent company of direct-to-consumer beauty brand Il Makiage, staged an immensely successful stock-market debut.
Read MoreAllkem secures $180 million project financing for Sal de Vida Project
In its pursuit of a near $15 billion merger with US-based Livent, lithium takeover target Allkem (ASX:AKE) has made significant strides in securing project financing for its Sal de Vida initiative.
Read MoreASX 0.32% higher at noon: Fortescue rallies on Twiggy’s visit to US
Mining giant Fortescue (ASX:FMG), led by executive chairman Andrew Forrest, saw a nearly 4% increase in shares on the ASX 200 index as he promoted his green hydrogen initiative in the US and inspected Austal's shipyards. The Forrests' private investment vehicle, Tattarang, holds a 19% stake in Austal, which recently entered a trading halt, attracting interest from North American suitors due to its US Navy contracts.
Read MoreDow notches longest winning streak since 2017
The Dow Jones Industrial Average rose Monday, notching its longest winning streak since February 2017, to kick off a busy week of key earnings reports and a major policy decision from the Federal Reserve.
Read MoreTrigg Minerals progresses SOP processing technology
Trigg Minerals (ASX:TMG), an Australian potash explorer, has released its Quarterly Activities Report for the period ending 30 June 2023, highlighting significant developments in its Lake Throssell Sulphate of Potash Project in Western Australia and corporate restructuring measures.
Read MoreAmerica’s only cobalt mine faces challenges in China-dominated market
In the rugged Idaho wilderness, at an elevation of approximately 8,000 feet, an ambitious cobalt mine, decades in the making, reveals the hurdles America's clean-energy ambitions confront in a market dominated by China.
Read MoreCore Lithium reports quarterly activities for June 2023
Australian lithium miner Core Lithium (ASX:CXO) has released its Quarterly Activities Report for the quarter ending 30 June 2023, highlighting key achievements during the period.
Read MoreSouth32’s $1.3bn setback on Hermosa project
Shares in mining giant South32 (ASX:S32) are down 2.36 per cent to $3.73 at 1.50pm AEST after it warned of a $1.3 billion hit on its Hermosa project's zinc-lead-silver Taylor sulphide deposit.
Read MoreMicrosoft announces new round of layoffs
Microsoft is set to slash approximately 50 positions in Australia as part of its latest round of redundancies, a move that follows the elimination of over 10,000 jobs earlier this year.
Read MoreAfternoon Update: Energy soars, materials slumps
The ASX had risen 0.04 per cent by 2:50 AEST. The best-performing sector was Energy, up 2.19 per cent, while the worst-performing sector was Materials, down 1.29 per cent.
Read MoreASX up 0.14% at noon: ACCC delays ANZ-Suncorp merger
At noon, the S&P/ASX 200 is 0.14 per cent higher at 7,324. Suncorp has confirmed that the Australian Competition & Consumer Commission (ACCC) has requested additional time to review ANZ's merger with Suncorp.
Read MoreDow notches tenth straight day of gains
24 Jul 2023 – Stocks were mixed Friday as traders assessed the latest corporate earnings results, and the Dow Jones Industrial Average stretched its winning streak to 10 sessions, a feat not seen for the index since August 2017.
Read MoreModerna pursues “Superjab” for all main respiratory viruses as pandemic pivot continues
24 Jul 2023 – Moderna is setting its sights on a groundbreaking "superjab" that could protect against the most prevalent respiratory viruses, including Covid-19, influenza (flu), and respiratory syncytial virus (RSV).
Read MoreAustralian office space faces transformation amid remote work boom
24 Jul 2023 – The rising trend of remote work is reshaping the landscape of Australian office spaces, as corporates grapple with the question of how much real estate they truly need in a work-from-home world. This paradigm shift is contributing to a surge in office vacancies, leaving landlords under increasing pressure.
Read MoreRussia sells oil above price cap, boosting export revenues
24 Jul 2023 – In the ongoing economic battle between Russia and the West, Moscow has managed to breach the Western-imposed price cap on its most prized crude oil, signalling a significant victory for the Kremlin.
Read MoreUS regional banks: Stable deposits amid profit declines
24 Jul 2023 – Many investors entered the second-quarter earnings season expecting the worst for regional banks. But that didn’t materialise in the results released this week—at least not for the bigger players.
Read MoreBrisbane’s Evos Energy and Ampol join forces for EVcharging revolution
21 Jul 2023 – Prominent electric vehicle charging company based in Brisbane, EVOS Energy, has generated significant buzz in the market with a game-changing partnership. The company recently inked a major deal with fuel giant Ampol, marking a pivotal step in the transition towards electric mobility in Australia. As traditional fuel companies, like Ampol, set their sights on a future driven by electric power rather than petrol, this collaboration demonstrates the growing significance of EV charging infrastructure in the automotive landscape.
Read MoreASX down 0.37% at noon as Tech sector falls
21 Jul 2023 – At noon, the S&P/ASX 200 is 0.37% lower at 7,298. There was a sell-off in the technology sector triggered by disappointing earnings results on Wall Street. The local technology sector tumbled 2.9%, with Xero (ASX:XRO) falling 3.7% to $122.47 and Megaport (ASX:MP1) declining 2.9% to $9.66.
Read MoreTight jobs market poses risk for controlling inflation in Australia
21 Jul 2023 – Australia's historically low unemployment rate, touted as one of outgoing Reserve Bank of Australia governor Philip Lowe's notable achievements, could present challenges for his successor, Michele Bullock.
Read MoreTesla shares dive as Musk warns of further price reductions
21 Jul 2023 – The recent disclosure by Tesla's CEO, Elon Musk, regarding potential further price cuts triggered a near 10% nosedive in the company's shares to $US262.90.
Read MoreJohnson & Johnson helps the Dow jump for ninth consecutive day
21 Jul 2023 – The Dow Jones Industrial Average jumped for a ninth consecutive day overnight. It was the Dow’s best daily winning streak since 2017.
Read MoreReal estate gap causes concerns
20 Jul 2023 – Australia's largest landlords have recently downgraded the values of their office block portfolios, but investors are seeking deeper discounts amid a significant gap between public and private valuations.
Read MoreTelstra announces job cuts and automation plans
20 Jul 2023 – Telstra (ASX:TLS) has confirmed its decision to cut 472 jobs in an effort to automate operations and better compete with software-based communications firms.
Read MoreBHP operational review for the year ended 30 June 2023
20 Jul 2023 – BHP (ASX:BHP) has released its operational review for the financial year ended 30 June 2023.
Read MoreAfternoon Update: Santos, BHP report robust results
20 Jul 2023 – The ASX is showing positive momentum, rising by 0.17 per cent to reach a level of 7,336. In company news, the big stories are coming from reporting season.
Read MoreASX up 0.23% at noon following the release of jobless data
20 Jul 2023 – At noon, the S&P/ASX 200 is 0.23 per cent higher at 7,340.50, following the release of a higher-than-anticipated unemployment rate.
Read MoreDragonfly Biosciences sprouts wings for ASX IPO
20 Jul 2023 – Dragonfly Biosciences Limited, a prominent UK-based producer of cannabidiol supplements and lotions, is making strides towards its IPO on the ASX next month.
Read MoreAustralian states stress urgent investment needed to meet renewable energy targets
20 Jul 2023 – New South Wales and Victoria have emphasised the need for immediate investment in developing new zero-emission generation to achieve ambitious renewable energy targets. State energy ministers warn of potential challenges in transitioning without sufficient infrastructure, leading to higher electricity prices if the retirement of coal, the country's dominant power source, outpaces renewable energy development.
Read MoreSaudi Arabia set to lose top spot in OPEC+ as oil market tightens
20 Jul 2023 – Saudi Arabia is poised to lose its position as the top oil producer in the OPEC+ alliance, according to the International Energy Agency (IEA).
Read MoreRobust US retail sales in June amidst easing inflation
19 Jul 2023 – Retail sales in the United States increased for the third consecutive month in June, signalling consumers' ongoing resilience amidst easing inflation and a robust labour market.
Read MoreTesla and Netflix post results after the bell
20 Jul 2023 – Stocks rose Wednesday as the corporate earnings season continued, with the Dow Jones Industrial Average registering its longest winning streak in nearly four years.
Read MoreASX rallies 0.55% as Energy outperforms
19 Jul 2023 – The Energy sector demonstrated strong growth, with a rally of 1.7%. Ampol (ASX:ALD) experienced a significant surge of 4.4% following robust fuel sale volumes reported for the first half of the financial year 2023. At the closing bell, the S&P/ASX 200 was 0.55 per cent higher at 7,323.70.
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