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Chevron's $53B takeover of Hess threatened by ExxonMobil and CNOOC

29 Feb 2024 - Chevron claims its $US53 billion takeover of Hess deal is being threatened by ExxonMobil and China National Offshore Oil Corporation (CNOOC) because they have the fir…

Australian inflation holds steady above 3% target range in January

29 Feb 2024 - Australian inflation remained above the 3% top of the Reserve Bank’s target range for another month in January, with the partial indicator for last month showing an a…

Apple's EV exit: A catalyst for BYD's ambitious expansion

29 Feb 2024 - Apple garnered significant attention with the rational decision to abandon its EV ambitions, a move that resonated with a mix of reactions from despair to optimism wi…

Stocks of the Hour: Nyrada Inc, Bastion Minerals, Global Oil & Gas

28 Feb 2024 - A snapshot of the stocks on the move, featuring Nyrada Inc (ASX:NYR), Bastion Minerals (ASX:BMO) and Global Oil & Gas Ltd (ASX:GLV).

Reece surges despite analysts' erroneous predictions

28 Feb 2024 - Analysts found themselves off the mark when assessing the half-year results of plumbing supplies giant Reece (ASX:REH), as evidenced by the surprising 18% surge in sh…

FTC blocks $40 billion Nvidia-ARM merger

28 Feb 2024 - In 2022, America's Federal Trade Commission (FTC) blocked the proposed $40 billion merger between Nvidia, the AI chip powerhouse, and ARM, the Japanese-owned UK-based…

Is the Stock Market Rally Sustainable amidst Tech Optimism?

28 Feb 2024 - Amidst a significant uptrend in U.S. stock markets, some investors may question whether it's becoming too much of a good thing.

Woodside Energy reports decline in profits amidst production challenges

27 Feb 2024 - Similar to Santos last week, the profit decline reported by Woodside Energy was anticipated after the company detailed its production and sales performance in January…

Alumina's financial tidying before Alcoa takeover

27 Feb 2024 - It was a form of financial housekeeping, a tidying up, or an outstanding financial report that showed a lot of red ink for Alumina, the company about to be swallowed …

Corporate shake-ups: Saint-Gobain acquires CSR, CRH secures Adbri

27 Feb 2024 - On Monday, CSR formally fell to the French giant Saint-Gobain. On Tuesday, Adbri formally fell to the Ireland-based CRH.

Coles maintains steady interim dividend amid profit dip

27 Feb 2024 - The country's second-largest supermarket business, Coles (ASX:COL), has announced a steady interim dividend despite a slight dip in profit for the 27 weeks ending Dec…

Stocks of the Hour: TMK Energy, Audeara, Inca Minerals

27 Feb 2024 - A snapshot of the stocks on the move, featuring TMK Energy (ASX:TMK), Audeara (ASX:AUA) and Inca Minerals (ASX:ICG).

Saint-Gobain strikes formal deal to acquire CSR at $9 a share

27 Feb 2024 - CSR (ASX:CSR) is disappearing with its French suitor, Saint-Gobain, striking a formal deal to make a bid at $9 a share.

Moody's shock withdrawal rattles Chinese property market

27 Feb 2024 - Moody's surprise withdrawal of credit ratings for 11 Chinese property and investment firms sent local and Hong Kong stock markets tumbling on Monday. Investors are no…

Alcoa seeks to acquire remaining stake in Alumina

26 Feb 2024 - Underperforming Alcoa aims to close one of its WA alumina refineries and purchase the 40% it doesn’t own in its global network held by the listed company Alumina (ASX…

Suncorp's investment earnings soar

26 Feb 2024 - Like its rivals QBE and IAG, Suncorp, the owner of a slew of insurance brands led by AAMI, saw its December half-year results bolstered by a sharp rise in premiums an…

Rare earth price drop: Lynas faces profit slump

26 Feb 2024 - As expected, the slump in rare earth prices and lower production and sales took a toll on Lynas in the six months to December, significantly impacting the profit of t…

Kogan.com resumes dividend payments after three years

26 Feb 2024 - Kogan.com, a leading online retailer, announced on Monday its return to dividend payments, marking a significant milestone after a three-year hiatus.

Stocks of the Hour: Tamboran Resources, Oar Resources, Enova Mining

26 Feb 2024 - A snapshot of the stocks on the move, featuring Tamboran Resources (ASX:TBN), Oar Resources (ASX:OAR) and Enova Mining (ASX:ENV).

Walmart outpaces Amazon in record-breaking year

23 Feb 2024 - For another year, Walmart, the world's biggest bricks-and-mortar retailer (though with growing online operations), has again bested Amazon in the vital US retailing s…

Vale's 4th quarter profit falls short of expectations, but there's a reason

23 Feb 2024 - Brazilian miner Vale surprised investors with a fourth-quarter profit much weaker than expected, reporting a $US2.42 billion net profit, down from the $US3.72 billion…

Mining giants' massive write-downs reflect global market challenges

23 Feb 2024 - So far this reporting season, major miners have revealed more than $US13 billion (nearly $A20 billion) in write-downs and impairments as global markets across 2023, a…

Adairs cuts interim dividend amid sales slump

26 Feb 2024 - Sydney-based soft goods retailer, Adairs, has reduced its interim dividend as sales fell by 10%, and earnings dropped by 19% in what directors described as a “challen…

Restaurant Brands NZ holds dividends amid 2023 earnings slump

26 Feb 2024 - Restaurant Brands New Zealand (ASX:RBD) has announced that shareholders will not receive dividends for the fiscal year 2023, following a significant downturn in earni…

Warren Buffett nominates Greg Abel as successor at Berkshire Hathaway

26 Feb 2024 - It's almost official: Warren Buffett has all but anointed (verbally) one of his two senior managers, Greg Abel, as his successor at the top of Berkshire Hathaway, lik…

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