Finance News Network

Latest News

Assessing current trends in the US economy

31 May 2024 - The US economy is still growing, and the job market appears to be solidly underpinned by low unemployment, according to the latest GDP and unemployment benefit claims…

Surging demand for data centers offsets weakening mining investment in Australia

30 May 2024 - Surging demand from AI and various other data needs for cloud computing and data centers is more than offsetting weakening investment from mining, which has tradition…

Shrinking big oil: M&A and the future of energy

30 May 2024 - Big Oil is shrinking as its options contract. Breathless reporting and market analysts trumpet takeovers in the oil and gas sector as something positive, but those do…

Stocks of the Hour: Nanoveu, Anson, Prospect Resources

30 May 2024 - A snapshot of the stocks on the move, featuring Nanoveu (ASX:NVU), Anson (ASX:ASN) and Prospect Resources (ASX:PSC, FRA:5E8).

Hybrid vs. electric: Shifting gears in the automotive industry

30 May 2024 - Two product releases this week - one in northern China, the other in Tokyo, could very well help mark the end of the headless rush into pure electric vehicles or BEVs…

Westgold Resources secures strategic alliance with Ora Gold

30 May 2024 - Westgold Resources (ASX:WGX) has secured nearly a quarter of a million ounces of gold in its WA home base region through a $6 million deal with Ore Gold.

Australian beef exports to China resume following suspension

30 May 2024 - Agriculture Minister Murray Watt has confirmed that five major Australian beef exporters, previously suspended from exporting meat to China, can now resume their oper…

BHP withdraws bid for Anglo American

30 May 2024 - BHP (ASX:BHP) shares rose slightly after it withdrew from its attempt to buy Anglo American, but the latter’s shares fell nearly 4% in the wake of its refusal to cont…

ConocoPhillips acquires Marathon Oil in $22.5 billion all-stock deal

30 May 2024 - ConocoPhillips has agreed to acquire Marathon Oil in an all-stock deal valued at $22.5 billion, including debt, as consolidation continues to reshape the US oil secto…

NOVONIX completes independent engineering assessment of Riverside facility

07 Jun 2024 - NOVONIX (NASDAQ:NVX, ASX:NVX), a prominent figure in battery materials and technology, has reached a significant milestone with the completion of an independent engin…

Update on BHP's offer for Anglo American

29 May 2024 - BHP Group (ASX:BHP) disclosed a revised proposal for merging with Anglo American plc (Anglo American), and in response, the Board of Anglo American extended the offer…

Fonterra's resilience amidst global retreat

29 May 2024 - Fonterra (ASX:FSF), the huge New Zealand-based dairy giant, might be on the retreat globally with a string of asset sales, but as far as the immediate outlook is conc…

IMF turns bullish on China's economic outlook

29 May 2024 - The International Monetary Fund has turned a bit bullish on China’s economic outlook.

Australian inflation, housing, and consumer trends

29 May 2024 - The widespread autumnal rains in March and April across much of Eastern Australia helped bump inflation up for the second successive month in April.

Stocks of the Hour: Desoto Resources, OD6 Metals, Cleo Diagnostics

29 May 2024 - A snapshot of the stocks on the move, featuring Desoto Resources (ASX:DES), OD6 Metals (ASX:OD6) and Cleo Diagnostics (ASX:COV).

Fisher & Paykel Healthcare reports improved financials

29 May 2024 - A slightly higher dividend was announced for its 2023-24 financial year, along with expectations for a slightly better result in 2024-25, by New Zealand-based Fisher …

Powering Australia's AI revolution

29 May 2024 - Australia finds itself at a pivotal juncture where the burgeoning demands of AI intersect with the nation's energy infrastructure. Data centres, often referred to as …

Algeciras and Tangier struggle amidst global shipping disruptions

29 May 2024 - Upon entering the port of Algeciras at Spain's southernmost tip, the facility's busyness is unmistakable. Nearly all cranes at the port’s two container terminals are …

Countdown to BHP-Anglo merger

29 May 2024 - BHP (ASX:BHP) and Anglo American have yet to agree on terms for their £39bn mining megamerger, raising the stakes as the deadline for negotiations looms on Wednesday.

ACM makes second attempt to strike deal with SXL

28 May 2024 - Struggling rural print and digital media group Australian Community Media has made a second attempt in six months to interest struggling radio and regional TV group S…

Australian retail sales edge up in April amid consumer caution

28 May 2024 - Australian retail sales edged higher in April as consumers remained cautious in the face of high borrowing costs, rising rents, and other expenses, alongside confirma…

Stocks of the Hour: Papyrus Australia, Falcon Metals, Marquee Resources

28 May 2024 - A snapshot of the stocks on the move, featuring Papyrus Australia (ASX:PPY), Falcon Metals (ASX:FAL) and Marquee Resources (ASX:MQR).

Two driving forces will continue to push higher long-term real interest rate: Franklin Templeton

28 May 2024 - According to Franklin Templeton Fixed Income CIO Sonal Desai rising investment and persistently loose US fiscal policy are simultaneously pushing in the direction of …

Chinese property developers: Bailouts and connections

28 May 2024 - In China, especially in property, it's always been a case of who you know and whether there is powerful government or Communist Party influence.

Peter Warren Automotive issues earnings warnings

28 May 2024 - Peter Warren Automotive Holdings (ASX:PWR) has joined its larger rival, Eagers, in issuing an earnings warning as new car sales slow and profit margins contract.

Prior Page Next Page