Weekly Wrap
Feature Articles that included our Weekly Wrap.
RBA holds steady ahead of mixed August inflation report
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The Reserve Bank is unlikely to make any hasty decisions during its upcoming meeting next week, despite a mixed bag of news from the August consumer inflation report.
Read MoreGold plummets below $1,900
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While oil prices remained resilient against a strong US dollar and rising bond yields, gold investors panicked, causing Comex futures prices to dip below $1,900 per ounce.
Read MoreCushing faces oil shortage crisis
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A critical US oil town, Cushing, Oklahoma, is grappling with a dire oil shortage that is sending shockwaves through energy markets, pushing US oil prices above $94 per barrel for the first time since August 2022.
Read MoreNuclear not as clean as proponents claim
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The cleanup and rehabilitation of the Ranger uranium mine in the Northern Territory serve as a stark reminder that nuclear power is not as clean as its proponents claim. Similar to coal mining, uranium mining leaves significant holes in the ground. However, the cleanup and rehabilitation of uranium mines come with added complexities and costs, particularly the challenge of safely handling radioactive materials left behind.
Read MoreLinius Technologies’ dynamic journey to success & what lies ahead
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Linius Technologies (ASX:LNU) specialises in the development and commercialisation of SaaS solutions for video, particularly for the sports market. Linius Media Solutions is a portfolio of products that enables their customers to unlock the value of their vast video archives post-live, curating and publishing higher quality content, and enabling truly personalized and immersive viewing experiences for fans.
Read MoreESG weekly highlights: Lithium, climate, labor, cybersecurity
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The lithium market has witnessed a sharp downturn this week, with spot prices continuing their decline from the late-2022 peak.
Read MoreACCC opposes Transurban’s acquisition of majority stake in Horizon Roads
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In a groundbreaking move, the competition regulator, the ACCC, will oppose the proposed acquisition of a majority interest in the small Melbourne toll road group Horizon Roads by sector giant Transurban Group (ASX:TCL).
Read MoreRIU Good Oil & Gas Conference Q&A – Alex Underwood of Empire Energy Group (ASX:EEG)
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Alex Underwood – Managing Director – Empire Energy Group (ASX:EEG) is a Sydney based Australian oil & gas company holding 100%-owned and operated assets with unconventional targets in the Northern Territory Beetaloo Sub-basin and central trough of the McArthur Basin.
Read MoreFonterra reports record profits
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Fonterra, the world's largest dairy company, reported a record net profit of $NZ1.6 billion on Thursday, signaling substantial gains in milk, cheese, and other dairy products.
Read MoreQantas ordered to mediation talks over illegal sacking of 1700 ground staff
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Qantas has been ordered to attend a month of mediation talks with the Transport Workers Union over the illegal sacking of nearly 1700 ground staff in late 2020.
Read MoreKMD Brands achieves record revenue
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KMD Brands (ASX:KMD), formerly known as Kathmandu, celebrated a milestone as it exceeded NZ$1 billion in annual revenue for the first time ever.
Read MoreElectric vehicle boom forces Italian car parts maker to shut down factory
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This is set to become a regular news item in the coming years—a major car parts manufacturer attributing the closure of a factory, or even multiple factories, to the rising popularity of electric vehicles (EVs), resulting in the loss of hundreds, if not thousands, of jobs.
Read MoreNewmont’s $26 billion takeover of Newcrest clears Australian regulatory hurdles
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Gold miner Newmont Corp has taken a significant step toward acquiring Newcrest (ASX:NCM) with its $26 billion all-paper takeover offer, as Australia's Foreign Investment Review Board (FIRB) has approved the deal.
Read MoreA2 Milk and Synlait feud shaves millions off market value
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The deepening split between A2 Milk (ASX:A2M) and Synlait, its key infant formula supplier, wiped tens of millions of dollars off the market value of both companies on Monday when Synlait escalated the argument.
Read MorePaine Schwartz offers $3.20/share for Costa Group
![](https://www.sharecafe.com.au/wp-content/uploads/2023/09/fnn-436630.jpg)
Costa Group's private equity pursuer, Paine Schwartz Partners, has now tabled a 'non-binding' offer of $3.20 per share for Australia's leading fruit and vegetable supplier.
Read MoreRio Tinto’s silent surge in western Australia’s lithium frontier
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In a strategic move aimed at securing its foothold in the booming battery minerals market, global mining giant Rio Tinto (ASX:RIO) has been quietly amassing exploration tenements in Western Australia, covering a staggering 145,000 hectares.
Read MoreUranium prices surge to 12-year high amid global nuclear power resurgence
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Uranium prices have skyrocketed to their highest levels in 12 years, reflecting a worldwide revival in nuclear power as energy utilities rush to secure fuel supplies.
Read MoreGenesis Minerals expands its horizons with new gold mining prospects in the US
![](https://www.sharecafe.com.au/wp-content/uploads/2023/09/fnn-436607.jpg)
Just over two months after completing its purchase of the Leonora gold mining assets of St Barbara (ASX:SBM), Genesis Minerals (ASX:GMD) has taken its rebirth story to the US.
Read MoreBarrick Gold aims to double copper production by 2031
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Is Barrick Gold on track to double its annual copper production by 2031, or should it have aimed higher and pursued a major merger in the copper industry instead of incremental expansions and a significant project in Pakistan?
Read Moreicetana locks in a new client, with talks of expanding using emerging AI capabilities
![](https://www.sharecafe.com.au/wp-content/uploads/2023/09/fnn-436598.jpg)
Paul Sanger sits down with Matt Macfarlane from icetana: Discussing a new hardware deal, AI-capable hardware, and plans of expansion in the future.
Read MoreShocking growth in the Australian job market after a dismal few months
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After a dip in the Australian job market through July, economists predicted we were heading for further a fall in numbers. However, August's employment figures came as a pleasant surprise.
Read MoreSigma Lithium navigates sales process amidst industry interest
![](https://www.sharecafe.com.au/wp-content/uploads/2023/09/fnn-436587.jpg)
Canadian-based Brazilian lithium miner Sigma Lithium continues its ongoing sales process, which began in February.
Read MoreUS consumer prices jump in August
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Yes, US consumer price inflation rose in August, thanks to higher petrol prices, and the production cut extensions of Saudi Arabia and Russia.
Read MoreAugust Australian jobs report
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The latest Australian job numbers, to be released on Thursday, will be closely scrutinized to assess whether the surprising job losses in July have been recovered in August and to what extent.
Read MoreAir New Zealand faces worsening problems with Pratt & Whitney engines
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Air New Zealand's growing problems with Pratt and Whitney engines on some of its airliners appear to be worse than initially estimated and could have an impact on Trans-Tasman travel.
Read MoreChina boosts gold reserves amid global central bank diversification
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China has been quietly but consistently increasing its gold reserves while simultaneously reducing its holdings of US Treasuries, a move that has garnered attention from financial experts worldwide.
Read MoreIncitec Pivot faces turbulent trading day as mixed update unfolds
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Incitec Pivot (ASX:IPL), the explosives and fertiliser manufacturer, is poised for a tumultuous trading session today (Tuesday) following the release of a mixed trading update well after Monday's trading hours had concluded.
Read MoreAustralian mineral explorers shift focus to existing deposits in 2022-23
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Australian mineral explorers overwhelmingly targeted existing deposits for drilling campaigns in 2022-23, rather than seeking completely new prospects, according to the annual exploration spending data from the Australian Bureau of Statistics.
Read MoreAugust imports reflect resilience in Australia’s commodity trade despite global challenges
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In a country grappling with lackluster demand and trade, August proved to be a robust month for imports of commodities vital to Australia's economy.
Read MoreAustralia’s July 2023 trade report: gold shipments drop, car imports surge, commodity weakness
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A sharp decline in shipments of non-monetary gold and a surge in the value of car and truck imports, coupled with weaker demand and prices for some key commodities, marked a lackluster start to Australia's financial year 2023-24 in July.
Read MoreWheels in motion for Empire Energy’s future large scale well drilling projects
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Empire Energy Group (ASX:EEG) CEO Alex Underwood discusses large scale future well drilling projects, and anticipates commercial production by 2025.
Read MoreAustal USA wins $91.5 million contract for 3 LCU 1700 class vessels for U.S. Navy
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Austal (ASX: ASB), a global shipbuilding company, announced that its subsidiary, Austal USA, has been awarded a significant contract worth US$91,535,551 (AU$143.4 million) for the construction of three Landing Craft Utility (LCU) 1700 class craft for the United States Navy.
Read MoreBubs launches infant formula clinical trial in the US
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Bubs Australia (ASX:BUB), a leading infant formula and baby food company, has announced the commencement of a nationwide clinical trial in the United States.
Read MoreAustralia’s economic growth resilient
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Australia's economic growth in the three months leading up to June, as well as for the 2022-23 financial year, was hindered by weaker household consumption.
Read MoreTesla calls for government support for critical minerals
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Tesla's Chairman, Robyn Denholm, has implored government and industry to transition beyond theoretical discussions and embrace decisive action urgently.
Read MoreAlbemarle and Mineral Resources’ divorce
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The underlying rationale for the divorce between Albemarle and Mineral Resources (ASX:MIN) has now become apparent.
Read MoreLiontown Resources considers upgraded takeover offer from Albemarle
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The board of Liontown Resources (ASX:LTR) has granted limited due diligence to Albemarle, potentially setting the stage for a deal.
Read MoreGlobal dividends reach all-time high in Q2 with strong bank contributions
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Global dividends achieved a historic milestone in the second quarter, propelled by major banks, particularly in Europe, which accounted for half of the growth, offsetting lackluster returns from mining giants such as BHP, Rio Tinto, and Glencore.
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