Finance News Network

Latest News

Nio gets $2 billion investment from Abu Dhabi government fund

19 Dec 2023 - Chinese electric vehicle (EV) manufacturer, Nio, has secured a second investment this year worth billions of dollars from the government wealth fund of Abu Dhabi, res…

Federal government's quarterly report highlights challenges in the lithium market

19 Dec 2023 - Further confirmation that the lithium boom has been well and truly pricked with the Federal Government’s December Resource Quarterly revealing another downgrading in …

Nippon Steel to acquire US Steel for $14.9 billion cash in cross-pacific deal

19 Dec 2023 - US Steel, America's iconic steelmaker, is set to be acquired by the Japanese giant, Nippon Steel, for $14.9 billion in cash (more than $A22 billion) in a deal that wi…

Australian export earnings face continued slowdown

18 Dec 2023 - The forecast for a slowdown in Australia's export earnings from resources and energy looks set to continue over the next year to 18 months, but perhaps not at a pace …

Adbri faces $2.1 billion takeover bid amid Kwinana project woes

18 Dec 2023 - The huge cost overruns on its Kwinana project in WA have exposed Adelaide-based cement giant Adbri (ASX:ABC) to a mop-up offer from the controlling Barro family and C…

China's property sector continues to slide amidst government efforts

18 Dec 2023 - Buried in last week’s data drop from China’s National Bureau of Statistics was the usual monthly update from the black hole of the country’s economy: property.

Kiss and make-up: Azure Minerals and major investors near resolution

18 Dec 2023 - Azure Minerals and its four significant investors, who have spent the majority of the past month in a wary standoff, are finally making amends this week.

WA mining project faces 25% cost surge

18 Dec 2023 - Cost pressures persist in Western Australia's mining and construction sector, as one of Australia's government-funded renewable minerals processing projects experienc…

Stocks of the Hour: Tamboran Resources, Adbri, Cauldron Energy

18 Dec 2023 - A snapshot of the stocks on the move, featuring Tamboran Resources (ASX:TBN), Adbri (ASX:ABC) and Cauldron Energy (ASX:CXU).

5th time lucky: MUFG's bid to acquire troubled link administration holdings

18 Dec 2023 - Japanese financial services company Mitsubishi UFJ Financial Group (MUFG) is making its fifth attempt to take over the troubled Link Administration Holdings, this tim…

Costco online shoppers snatch up over $100 million in gold

18 Dec 2023 - Online American shoppers are finding what they think are bargains at Costco, America's big-box retail discount club: gold. The retail warehousing giant says customers…

Investors brace for Fed rate cut impact as Santa's arrival nears

18 Dec 2023 - As the world eagerly anticipates Santa Claus' arrival in just one week, investors are already feeling the effects of a significant financial event: the recent rate cu…

Oil prices dip on Friday, up slightly for the week

18 Dec 2023 - Oil prices settled lower on Friday but rose slightly for the week due to a weaker dollar and an improved 2024 demand outlook after weeks of losses.

ASX200 uncertainty: US Fed officials' statements cast doubt

18 Dec 2023 - Last week's sharp rise in the ASX200 looks set to be short-circuited today after the share price futures market dropped 74 points on Friday night.

China's gold reserves soar as global uncertainty drives prices over $2,000

18 Dec 2023 - China isn't frightened by high or weak gold prices, as its buying this year has once again confirmed.

Stocks of the Hour: Tamboran Resources, Allkem, Global Uranium and Enrichment

15 Dec 2023 - A snapshot of the stocks on the move, featuring Tamboran Resources (ASX:TBN), Allkem Limited (ASX:AKE) and Global Uranium and Enrichment (ASX:GUE).

Surprise surge in US retail sales for November

15 Dec 2023 - US consumers reopened their wallets and dusted off their credit cards last month as retail sales increased by a stronger-than-forecast 0.3%. In fact, November's rise,…

Unemployment rises to 3.9%, but don't focus on that number alone

14 Dec 2023 - Australian unemployment rose to an 18-month high of 3.9%, according to the latest labor force report from the Australian Bureau of Statistics on Thursday. However, fo…

Stocks of the Hour: Alkane Resources, QX Resources, Buxton Resources

14 Dec 2023 - A snapshot of the stocks on the move, featuring Alkane Resources (ASX:ALK), QX Resources Limited (ASX:QXR) and Buxton Resources (ASX:BUX).

ACCC approves Viva Energy's acquisition of OTR Group with divestiture agreement

14 Dec 2023 - In its second decision on Thursday regarding a significant acquisition, the ACCC has announced its approval of Viva Energy's proposed acquisition of the convenience s…

Apple's shares soar as Wall Street's rate cut frenzy approaches $3 trillion

14 Dec 2023 - Another $US3 trillion day for Apple as the rate cut frenzy on Wall Street pushed the iPhone maker’s shares close to a record $200.

Cauldron Energy confirms low-cost ISR uranium potential

14 Dec 2023 - Cauldron Energy (ASX:CXU) has released the results of its Scoping Study for the proposed Bennet Well Uranium operation, revealing the potential for a globally competi…

Iron ore prices fuel budget optimism

13 Dec 2023 - The way iron ore prices continue to trade above $US130 a tonne, there is every chance the 2023-24 budget will be in surplus by June 30 next year after a sharp improve…

China's economic strategies fall short

13 Dec 2023 - China's leaders have once again demonstrated their lack of clarity regarding the policies needed to steer the country's economy away from the tightening grip of defla…

Stocks of the Hour: Patrys, Leeuwin Metals, American West Metals

13 Dec 2023 - A snapshot of the stocks on the move, featuring Patrys (ASX:PAB), Leeuwin Metals (ASX:LM1) and American West Metals (ASX:AW1).

Prior Page Next Page