Shareholders awaiting LPI-Codelco deal update
Shareholders in Lithium Power International (ASX:LPI) will know by Monday whether the company has secured its expected deal with the Chilean state-owned copper giant, Codelco.
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ASX down 0.37% at noon as oil prices fall
Oil prices fell as US crude stockpiles increased significantly by 10.2 million barrels, the largest rise since February, and demand for gasoline remained low, pushing gasoline futures to their lowest level since December 2022.
Read MoreStocks of the Hour: LBT Innovations, Selfwealth, Lucapa Diamond Co
A snapshot of the stocks on the move, featuring LBT Innovations (ASX:LBT), Selfwealth (ASX:SWF) and Lucapa Diamond Co (ASX:LOM).
Read MoreAustralian banks pass rigorous stress test by APRA
Australia's major banks have successfully navigated the latest stress test conducted by the Australian Prudential Regulatory Authority (APRA).
Read MoreSky Television receives takeover offer, keeping details confidential
Sky Television, a New Zealand pay TV group, has announced that it recently received a takeover offer; however, the company did not disclose the bidder's identity or the offer's price.
Read MoreFortescue’s sales guidance holds despite 3% shipment drop
Fortescue Metals Group (ASX:FMG) is sticking to its sales guidance for the year ending next June, even though it witnessed a 3% decline in shipments during the three months leading up to September. Additionally, the company anticipates a reduced contribution from its troubled Iron Bridge magnetite mine in the upcoming year.
Read MoreAirlines’ boom turns to bust as fuel prices soar
In the year leading up to June, Qantas (ASX:QAN), Virgin, and Air New Zealand (ASX:AIZ) all enjoyed a boom, with soaring business, revenues, and earnings as international and domestic travel rebounded. However, the surge in oil and fuel prices has since dimmed their 2022-23 performance.
Read MoreExxon’s shale deal ignites oil merger wave, including Australian interests in the Beetaloo Basin
Exxon Mobil's monumental $US59.5 billion ($93 billion) acquisition of Pioneer Natural Resources, marking the largest energy deal in the United States in decades, is poised to herald a new era of transformative takeovers within the industry.
Read MoreTabcorp’s revenue woes predict weak racing seasons
High-interest rates, rising mortgage costs, and inflation have combined to take a significant toll on the gaming market, foreshadowing weak racing seasons in Sydney and Melbourne over the next month. This comes after Tabcorp surprised investors with a rare trading update that revealed a decline in revenues across its divisions during the first three months of the new financial year.
Read MoreUS stocks fall following new CPI data
Stocks fell Thursday, pressured by rising Treasury yields, as traders fretted over new data showing persistent US inflation.
Read MoreASX closes 0.21% higher: ACCC denies electricity industry coordination
The Australian Competition and Consumer Commission plans to reject authorisation for electricity industry participants to coordinate repair, maintenance, and upgrades due to concerns that it wouldn't substantially enhance the Australian Energy Market Operator's outage management capabilities and might harm competition.
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Shareholders approve $A26 Billion all-paper bid for Newcrest by Newmont
Newmont Corporation announced on Thursday (Sydney time) that over 96% of shareholder votes favored the proposed $A26 billion all-paper bid for Newcrest (ASX:NCM).
Read MoreLiontown extends Albemarle’s due diligence
Liontown Resources has granted US lithium giant Albemarle an additional seven days to finalise its proposed $3 per share bid, as Gina Rinehart's Hancock Resources secures a 19.9% stake.
Read MoreStocks of the Hour: Liontown Resources, Wildcat Resources, Sunstone Metals
A snapshot of the stocks on the move, featuring Liontown Resources (ASX:LTR), Wildcat Resources (ASX:WC8) and Sunstone Metals Ltd (ASX:STM).
Read MoreASX up 0.2% as oil prices stabilise
Oil prices remained stable, hovering around $83 per barrel, after an initial surge linked to Hamas' attacks on Israel over the weekend. This surge was reversed following a report suggesting Iran's surprise at these attacks, potentially reducing the chances of additional sanctions on Iranian oil and limiting Iran's involvement in the conflict in the Middle East.
Read MoreWholesale inflation surges 0.5% in September
Inflation concerns continue to grip the U.S. economy as the latest data reveals that wholesale prices surged more than anticipated in September. The producer price index (PPI), a key metric that measures the costs for finished goods that producers pay, increased by 0.5% during the month, surpassing the Dow Jones estimate, which had predicted a 0.3% rise. This rise comes on the heels of a 0.7% increase observed in August, reflecting ongoing inflationary pressures.
Read MorePromising Prospects for New Liberty Lithium Brine Project
QX Resources (ASX:QXR) CEO Steve Promnitz discusses recent funding success and promising prospects for Liberty Lithium Brine Project.
Read MoreLithium Power International in talks with Codelco
On September 28, Lithium Power International (ASX:LPI) confirmed in a statement to the ASX that it had been in discussions with Chilean state-owned copper giant, Codelco, about a potential 'transaction.'
Read MoreUS stocks close higher as PPI comes in higher than expected
Stocks ticked higher Wednesday as traders awaited the release of new US consumer inflation numbers and Treasury yields continued to retreat.
Read MoreChina’s new energy vehicle sales soar, boosting demand for battery metals
Thanks to ongoing subsidies, China's new energy vehicle (NEV) sales reached another record high in September, surpassing the previous month's peak.
Read MoreLiontown Resources shares fall as Hancock Prospecting increases stake to 19.9%
Shares in Liontown Resources slumped late yesterday after it became known that Gina Rinehart’s Hancock Prospecting had increased its stake to 19.9% and retreated from the market.
Read MoreHeated audience at CSL’s AGM
CSL's (ASX:CSL) Annual General Meeting in Melbourne on Wednesday turned into a heated discussion regarding executive pay and a declining share price, casting a shadow over the reaffirmation of guidance for the upcoming year.
Read MoreBirkenstock successfully launches IPO at $US46 per share
German footwear giant Birkenstock and its private equity owner, L Catterton, have successfully completed their IPO, pricing shares at $US46 each, firmly positioning the iconic sandal maker on the American stock market. This move marks the fourth significant test of the US IPO market this month and underscores the strong investor appetite for new opportunities.
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Bank of Queensland’s year: Challenges, earnings, and outlook
In the realm of profit announcements, cash earnings typically reign supreme for most banks, though Westpac has reverted to using statutory earnings.
Read MoreStocks of the Hour: Talon Energy, Besra Gold, King River Resources
A snapshot of the stocks on the move, featuring Talon Energy (ASX:TPD), Besra Gold (ASX:BEZ) and King River Resources (ASX:KRR).
Read MoreASX currently 0.47% higher as Aus bond yields fall
Australian bond yields have decreased, following the trend of their US counterparts, in response to signals from Federal Reserve officials that the central bank is unlikely to raise interest rates further.
Read MoreSmall caps extend streak, beat S&P 500 for 5th Day
Small-cap stocks extended their winning streak for the fifth consecutive day on Tuesday, with the Russell 2000 index surging 1.14%, outpacing the S&P 500, which gained just 0.52%.
Read MoreOil prices slide amidst Middle East tensions
Oil prices experienced a significant decline of more than $1 a barrel on Tuesday, extending a downward trend that began earlier in the day.
Read MoreQantas Chair Richard Goyder to depart amidst board renewal
Qantas (ASX:QAN) Chair Richard Goyder is set to respond to persistent calls for his departure from the board, with his exit planned for just over a year from now.
Read MoreIMF Outlook: China and EU’s vulnerability in global economy for 2024
According to the latest World Economic Outlook (WEO) from the International Monetary Fund (IMF), China and the EU are identified as the weak points in the global economy for 2024, with the US playing a stabilising role.
Read MoreHancock Prospecting nears 19.9% stake in Liontown Resources
Gina Rinehart's Hancock Prospecting has inched closer to acquiring a 19.9% stake in Liontown Resources (ASX:LTR), pending a potential bid from US lithium giant Albemarle at $3 per share.
Read MoreUS stocks close higher amid falling Treasury yields
US stocks rose Tuesday, boosted by declines in Treasury yields as Wall Street assessed the geopolitical risks from the Israel-Hamas war. The benchmark 10-year Treasury yield fell nearly 13 basis points to about 4.65 per cent, as investors sought safe assets amid the conflict. Yields and prices move in opposite directions.
Read MoreIron ore and coking coal prices drop in Asia amid China’s return
Iron ore and coking coal futures slid to six-week lows in Asia on Tuesday as China returned to business after the eight-day holiday last week, and traders concluded that not much had changed.
Read More1987 vs now – rising bond yields (& war in Israel) and the risks for shares
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses shares and bonds.
Read MorePhase two drilling at Minyari Dome gold-copper project
Antipa Minerals (ASX:AZY) has commenced phase two drilling at its Minyari Dome gold-copper project in Western Australia's increasingly prospective Paterson province.
Read MoreAussie economy resilient
In September, the Australian economy exhibited increased resilience, with the quarter ending despite signs of weakening price and labor cost pressures, as reported in the latest national business survey by the National Australia Bank (ASX:NAB).
Read MoreASX closes 1% higher following rhetoric from US Fed
The S&P/ASX 200 surged back above 7000 on Tuesday, driven by a shift in rhetoric from US Federal Reserve members towards a more dovish stance and signs of easing inflation.
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