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Moody's downgrades ratings of over two dozen US banks amid growing concerns

08 Aug 2023 - Moody’s might be the only major rating group to keep America’s credit standing at AAA after Fitch’s cut last week to AA+, but that doesn’t mean Moody’s isn’t casting …

Diggers and Dealers Mining Forum 2023: Day 1

08 Aug 2023 - The Diggers and Dealers Mining Forum, an annual event that brings together industry leaders, investors, and experts in the mining sector, was held for the 32nd time i…

China's exports fall over 14%, imports fall by 12%

08 Aug 2023 - China's trade performance in July fell short of forecasts, with exports experiencing a steep decline of more than 14%, and imports falling by a significant 12%.

NAB business survey reveals uptick in inflation-related measures

08 Aug 2023 - NAB's latest business survey not only confirmed continuing resilience but also highlighted an uptick in "inflation-related measures."

Woodside to sell 10% in Scarborough JV to LNG Japan

08 Aug 2023 - Woodside has announced a landmark agreement with LNG Japan.

Empire executes initial agreement with APA Group

08 Aug 2023 - Empire Energy Group (ASX:EEG) has taken a significant step forward in advancing its gas transportation services by entering into an initial agreement with APA Group (…

Consumer confidence declines despite stable cash rate, ANZ-Roy Morgan survey reveals

08 Aug 2023 - In a recent ANZ-Roy Morgan survey, consumer confidence took a hit, declining by 3.4 percentage points to 75 last week.

Berkshire Hathaway achieves record high following strong Q2 earnings report

08 Aug 2023 - Berkshire Hathaway has experienced a significant surge to a record high in the wake of its Saturday earnings report, which showcased an operating profit for the secon…

Myer upgrades profit expectations for FY2023 amid strong sales growth

08 Aug 2023 - In its latest trading update, Australian department store chain Myer (ASX:MYR) has raised its profit expectations by an impressive 15 to 21 per cent for the financial…

Stocks of the Hour: Empire Energy, James Hardie Industries, Ensurance

08 Aug 2023 - A snapshot of the stocks on the move, featuring Empire Energy (ASX:EEG), James Hardie Industries (ASX:JHX) and Ensurance (ASX:ENA).

James Hardie thrives amid global uncertainty

08 Aug 2023 - Price rises and better-than-expected sales volumes in the huge US market saw the building products group James Hardie (ASX:JHX; NYSE:JHX) survive the uncertainty in p…

Liontown secures extra funding for Kathleen Valley

07 Aug 2023 - Liontown Resources (ASX:LTR) has secured extra funding of up to $300m to help meet cost overruns at the Kathleen Valley mine in WA.

GUD transitions to pure-play automotive company with $65 million sale of Davey Water Products

07 Aug 2023 - GUD is set to become a pure-play automotive products company after the $65 million sale of its pumps company, Davey Water Products, to Sydney-based Waterco.

The electrifying challenge the lithium industry faces

07 Aug 2023 - The lithium industry needs $116 billion by 2030 to fulfil the ambitious targets set by governments and major automakers.

Restaurant Brands faces earnings halve due to weak sales growth and rising costs in 2023

07 Aug 2023 - Restaurant Brands (ASX:RBD), the NZ-based fast food chain operating across the Pacific, issued a disappointing trading update, attributing weak sales growth and incre…

Estia Health agrees to $838 million takeover offer by Bain and Co

07 Aug 2023 - Aged care homes specialist Estia Health (ASX:EHE) has entered into an agreement with Bain and Co for an $838 million takeover via a scheme of arrangement.

Lithium Australia and Mineral Resources sign landmark joint development agreement

07 Aug 2023 - Lithium Australia (ASX:LIT) has announced a significant joint development agreement with leading ASX-listed mining company Mineral Resources Ltd (MinRes) related to t…

Stocks of the Hour: Pilbara Minerals, Lithium Australia, Liontown Resources

07 Aug 2023 - A snapshot of the stocks on the move, featuring Pilbara Minerals (ASX:PLS), Lithium Australia (ASX:LIT) and Liontown Resources (ASX:LTR).

Gold mining rainmaker predicts intensified deal activity in Australian gold sector

07 Aug 2023 - Renowned gold mining executive Raleigh Finlayson is tipping a spate of intensified deals in the Australian gold sector, expressing an uncommonly bullish outlook for t…

US inflation data for July released with potential surprises

07 Aug 2023 - Economists are pointing to possible rise in inflation for July.

ASX faces modest loss after underwhelming US jobs report triggers 4th day of declines on Wall Street

07 Aug 2023 - The ASX is poised to start with a small loss of around 12 points this morning, following the cooler than expected US jobs report for July, which left Wall Street unde…

Australia's June 30 earnings season begins with Commonwealth Bank in the spotlight

07 Aug 2023 - Australia's June 30 earnings season kicks off this week with 11 majors reporting, led by one of the biggest of all - the Commonwealth Bank - which releases its 2022-2…

US oil rig count drops amidst sixth week of rising global prices

07 Aug 2023 - The number of oil rigs operating in the US fell again last week as global prices rose for a sixth week after Saudi Arabia and Russia committed to continuing their pro…

Australian retailers face challenging times amidst declining sales volumes and soaring prices

04 Aug 2023 - Some of the 30th June reports from Australian retailers, due to be issued this month, will make tragic reading for shareholders if the latest analysis of retail sales…

Tech giants Apple and Amazon reported June results

04 Aug 2023 - Apple produced a weak set of numbers that met market expectations, whilst Amazon showed a return to strong growth, resulting in a significant increase in its shares d…

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