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NEXTDC eyes $2 billion funding as cloud and AI demand surges

11 Sep 2024 - Data centre developer and operator NEXTDC (ASX:NXT) wants to raise the total amount it has asked investors for this year to a massive $2 billion, after revealing plan…

Iron ore steadies as Chinas steel industry struggles

11 Sep 2024 - August saw yet another series of mixed messages from China regarding its appetite for key commodities such as oil, coal, iron ore, and copper.

News Corp rejects shareholder demands to reform dual-class structure

10 Sep 2024 - News Corp has acknowledged receipt of a letter from the activist shareholder group, Starboard Value, but immediately rejected its claims that the company's current co…

Has the Reserve Bank missed its chance to ease economic pressures?

10 Sep 2024 - Has the Reserve Bank’s "control inflation at all costs" approach caused it to miss the chance to ease pressures on the economy?

Stocks of the Hour: Aruma Resources, Intra Energy Corporation, Audeara

10 Sep 2024 - A snapshot of the stocks on the move, featuring Aruma Resources (ASX:AAJ), Intra Energy Corporation (ASX:IEC) and Audeara (ASX:AUA).

Anglo American's coal mine sale faces hurdles due to price drop

10 Sep 2024 - Monday, September 9, was the date Anglo American had indicated it would begin receiving bids for its five central Queensland coking coal mines.

Premier Investments faces slump in sales and earnings

10 Sep 2024 - Has sales and earnings growth stalled for Solomon Lew’s Premier Investments?

China's consumer prices rise slightly, but weak demand persists

10 Sep 2024 - Inflation continues to tiptoe its way back into the Chinese economy, but for that, the Chinese government can thank another surge in food prices, especially the volat…

Westpac CEO Peter King to retire

10 Sep 2024 - The news on Monday that Westpac (ASX:WBC) CEO Peter King is set to retire later this year (after overseeing the 2023-24 annual results in early November) definitely t…

Westgold Resources and Yancoal to join ASX 200 and 300 indexes amid market shifts

10 Sep 2024 - Westgold Resources (ASX:WGX) and Yancoal (ASX:YAL) are set to be included in the ASX 200 and 300 indexes, as three formerly high-profile stocks were dropped.

Aldi UK reports record revenues despite market share dip

10 Sep 2024 - The annual UK results of discount supermarket giant Aldi have undermined analysts' and others' obsession with market share.

Beyond AI: Tech industry Faces Post-2022 Slowdown

10 Sep 2024 - Enthusiasm surrounding artificial intelligence (AI) is overshadowing broader struggles across the technology sector, with many companies still grappling with the slow…

Stocks of the Hour: Adelong Gold, Adacel Technologies, Neurotech International

09 Sep 2024 - A snapshot of the stocks on the move, featuring Adelong Gold (ASX:ADG), Adacel Technologies (ASX:ADA) and Neurotech International (ASX:NTI).

Fed prepares for rate cut as AI and tech stocks face investor scrutiny

09 Sep 2024 - This week presents a heady mix of developments, including interest rates in Europe, inflation in China and the US, and share markets shifting focus from economic fact…

Embattled Star Entertainment offloads treasury site for $67.5 million

09 Sep 2024 - Star Entertainment (ASX:SGR) has sold its Treasury property in Brisbane, as the embattled gaming giant scrambles for fresh financing and a tax reprieve to manage cost…

OPEC+ price boost fails as global oil markets tumble

09 Sep 2024 - The OPEC+ group’s latest attempt to boost global oil prices collapsed within a day of its announcement on Thursday. On Friday, US West Texas Intermediate (WTI) crude …

Chinese markets slip as central bank hints at rate cuts

09 Sep 2024 - China was expected to release its monthly trade data on Saturday, September 7. It typically releases this data on the 7th day of the following month, except at the st…

China's gold reserve stays steady amid record price increases

09 Sep 2024 - Gold bugs will be beside themselves as China has stayed out of the very expensive gold market for the fourth month in a row.

Stocks of the Hour: Osmond Resources, Enova Mining, Marquee Resources

06 Sep 2024 - A snapshot of the stocks on the move, featuring Osmond Resources (ASX:OSM), Enova Mining (ASX:ENV) and Marquee Resources (ASX:MQR).

WA lithium producer hits the brakes on expansion

06 Sep 2024 - It's happened in WA nickel, and now it's happening in lithium. Australian-US lithium producer Arcadium Lithium (ASX:LTM) has suspended future expansion plans for its …

Moody's sees Australian companies weathering the storm

06 Sep 2024 - Moody's Ratings says in a new report that Australian listed companies (carrying Moody's ratings) ended the June 30 fiscal year in good shape. They expect these compan…

Konieczny takes the helm at Amcor

06 Sep 2024 - Peter Konieczny has quickly ascended to the top of Amcor (ASX:AMC), being named the permanent CEO of the packaging giant this week. He succeeds Ron Delia, who stepped…

How retailers thrived in a challenging market

06 Sep 2024 - Two of the oddities of the June 30 reporting season were the better-than-expected results from JB Hi-Fi and Gerry Harvey's relaxed attitude after a stronger-than-anti…

Oil prices plunge as OPEC hesitates

06 Sep 2024 - The OPEC+ oil alliance has blinked, delaying a planned easing of production cuts as global oil prices continue to slump.

Apollo Global Management halves stake in Challenger

05 Sep 2024 - Challenger (ASX:CGF) shares fell by more than 13% on Thursday after its largest shareholder, American investor Apollo Global Management, more than halved its stake in…

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