Finance News Network

Latest News

NZ inflation slows despite surging petrol prices

17 Oct 2023 - Despite a surge in petrol prices, New Zealand's consumer price inflation sharply slowed in the September quarter, effectively dispelling market speculation about the …

Rio Tinto's 2024 iron ore shipment forecast and production update

17 Oct 2023 - In its first estimate for 2024, Rio Tinto (ASX:RIO) has surprised by forecasting only a marginal rise, at best, in iron ore shipments over 2023. However, Rio also sai…

Newcrest Mining's final quarterly report reveals poor performance

17 Oct 2023 - Newcrest Mining's (ASX:NCM) final quarterly report as an independent company has revealed a disappointing three-month period, with gold and copper production declinin…

Wall Street predicts Euro to hit parity with US dollar amid Middle East uncertainty

17 Oct 2023 - Major Wall Street banks are anticipating a significant decline in the euro, with expectations that it could reach parity with the US dollar. This forecast comes as ge…

Umicore's multibillion-dollar investment in Canada accelerates EV ambitions

17 Oct 2023 - In a strategic move that underscores Canada's commitment to electrifying its automotive landscape, Umicore Rechargeable Battery Materials Canada Inc. has inked a monu…

Liontown Resources' backup plan amid Albemarle's $3 cash offer

16 Oct 2023 - With Albemarle walking away from its $3 cash offer, Liontown Resources (ASX:LTR) had a Plan B in motion when trading resumed on Monday. It called for a halt in tradin…

Treasury Wine Estates prepares for resolution of Chinese tariff woes

16 Oct 2023 - Treasury Wine Estates (ASX:TWE) appears confident that it can soon resolve its wine tariff issues in the once-thriving Chinese market. As a precautionary measure, the…

Stocks of the Hour: Tamboran Resources, Melodiol Global Health, Superior Resources

16 Oct 2023 - A snapshot of the stocks on the move, featuring Tamboran Resources (ASX:TBN), Melodiol Global Health (ASX:ME1, FRA:1X8) and Superior Resources (ASX:SPQ).

Cyclone claims boost Tower's earnings outlook for 2023

16 Oct 2023 - Lower-than-expected claims (and consequently, payouts) stemming from cyclones in Vanuatu earlier this year have prompted Tower, the New Zealand insurer, to revise its…

Albemarle abandons $6 Billion bid for Liontown Resources

16 Oct 2023 - Albemarle has abandoned its $3-a-share, $6 billion-plus bid for Liontown Resources (ASX:LTR), leading to an anticipated drop in Liontown's shares on Monday and puttin…

Resolute Mining addresses guidance cut amid bullish three-year update

16 Oct 2023 - African gold miner, Resolute Mining (ASX:RSG), used the opportunity presented by a bullish three-year update released on Friday evening to downplay a reduction in gui…

Barrick Gold cleared to revive Pogera gold mine in Papua New Guinea

16 Oct 2023 - Barrick Gold has received clearance to revive its Pogera gold mine in Papua New Guinea, which had been closed for three years due to a dispute with the country's gove…

China's commodity imports reflect economic trends

16 Oct 2023 - Once again, China's imports of key commodities tell us a lot about the health of demand and economic activity - not very healthy, but not dead.

Key events and economic insights for the upcoming week

16 Oct 2023 - In the week ahead, investors have a lot to digest. There's ongoing conflict in the Middle East, Australian job data, remarks from the new Reserve Bank chief, a speech…

Newcrest's countdown: Merger with newmont set for final approval

16 Oct 2023 - Newcrest's (ASX:NCM) time as an independent company is dwindling, with just a few weeks left following an overwhelming shareholder vote in favor of the $A26.2 billion…

David Williams to join INOVIQ board

13 Oct 2023 - INOVIQ Limited (ASX: IIQ) has announced the appointment of David Williams as a Non-Executive Director and Chairman Elect.

China contraction

13 Oct 2023 - China’s foreign trade contracted for yet another month in September, confirming that demand all round remains weak.

Shareholders awaiting LPI-Codelco deal update

13 Oct 2023 - 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,…

Stocks of the Hour: LBT Innovations, Selfwealth, Lucapa Diamond Co

13 Oct 2023 - A snapshot of the stocks on the move, featuring LBT Innovations (ASX:LBT), Selfwealth (ASX:SWF) and Lucapa Diamond Co (ASX:LOM).

Australian banks pass rigorous stress test by APRA

13 Oct 2023 - Australia's major banks have successfully navigated the latest stress test conducted by the Australian Prudential Regulatory Authority (APRA).

Sky Television receives takeover offer, keeping details confidential

13 Oct 2023 - 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 t…

Fortescue's sales guidance holds despite 3% shipment drop

13 Oct 2023 - 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 …

Exxon's shale deal ignites oil merger wave, including Australian interests in the Beetaloo Basin

12 Oct 2023 - 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 p…

Airlines' boom turns to bust as fuel prices soar

12 Oct 2023 - 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 internati…

Tabcorp's revenue woes predict weak racing seasons

12 Oct 2023 - 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 a…

Prior Page Next Page