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Charter Hall Long WALE REIT faces asset sales

08 Feb 2024 - In August, Charter Hall Long WALE REIT indicated its intention to sell assets to manage gearing after suffering significant write-downs and asset devaluations, leadin…

China's deflation woes persist

08 Feb 2024 - Another month of falling consumer and producer prices in China underscores the country's weak activity and demand. However, a slight silver lining emerged in the cons…

Stocks of the Hour: QX Resources, Chimeric Therapeutics, Alliance Nickel

08 Feb 2024 - A snapshot of the stocks on the move, featuring QX Resources (ASX:QXR), Chimeric Therapeutics (ASX:CHM) and Alliance Nickel (ASX:AXN).

Mirvac reports $366 million loss

08 Feb 2024 - Property and retailing group Mirvac (ASX:MGR) has recorded statutory losses totaling $366 million for the 18 months ending December 31, with an additional $201 millio…

Transurban forecasts 7% distribution increase amidst Rozelle interchange confusion

08 Feb 2024 - In the midst of ongoing confusion surrounding Sydney's troubled Rozelle traffic interchange, Transurban (ASX:TCL), the toll road giant, remains resolute in its financ…

AGL Energy reports strong interim earnings and raises full-year guidance

08 Feb 2024 - AGL Energy (ASX:AGL) reported a sharp improvement in interim earnings on Thursday and a significant jump in its full-year guidance range.

Tesla and Elon Musk face tough January

08 Feb 2024 - January wasn’t the happiest of months for Tesla or Elon Musk.

Relief as Woodside-Santos merger falls through

07 Feb 2024 - The mooted merger between Woodside (ASX:WDS) and Santos (ASX:STO) was abandoned yesterday, eliciting relief more than anything else.

Amcor announces job cuts and plant closures

07 Feb 2024 - For thousands of Amcor (ASX:AMC) employees, the company's exposure to world economic activity took a harsh turn in the six months leading to December, as confirmed by…

Woodside abandons $70 billion Santos merger

07 Feb 2024 - The marriage between Woodside (ASX:WDS) and Santos (ASX:STO) was called off just before midday on Wednesday.

Stocks of the Hour: Sunshine Metals, Noble Helium, Grand Gulf Energy

07 Feb 2024 - A snapshot of the stocks on the move, featuring Sunshine Metals (ASX:SHN), Noble Helium (ASX:NHE) and Grand Gulf Energy (ASX:GGE).

Melbourne-based luxury goods website Cettire thrives amid retail gloom

07 Feb 2024 - Despite the gloom in retailing, catering to aspirational and wannabe consumer groups is still paying off handsomely for Melbourne-based luxury goods website Cettire, …

Piedmont Lithium cuts workforce amidst market struggles

07 Feb 2024 - A day after losing 7.5% of its market value, Piedmont Lithium announced a 27% reduction in its workforce as it grapples with the challenges in the lithium industry.

National Australia Bank names Andrew Irvine as new CEO

07 Feb 2024 - The National Australia Bank (ASX:NAB) has selected Andrew Irvine to succeed the current CEO, Ross McEwan. The bank announced on Wednesday morning that Andrew Irvine w…

December quarter retail sales data reveals surprising insights

07 Feb 2024 - The December quarter retail sales data from the Australian Bureau of Statistics, released on Tuesday, sheds light on why investors warmly received the results and upd…

Oh what a feeling - oil

06 Feb 2024 - Toyota Motor Co has joined its fossil fuel peers – Shell, Exxon Mobil, and Chevron – in demonstrating the lucrative opportunities still available in the oil industry.

Reserve Bank keeps cash rate steady at 4.35%

06 Feb 2024 - The Reserve Bank left its cash rate unchanged at 4.35% after its first meeting of the year on Tuesday. Nevertheless, it hinted at the possibility of rate hikes to con…

Stocks of the Hour: Janison Education Group, Titan Minerals, Recce Pharmaceuticals

06 Feb 2024 - A snapshot of the stocks on the move, featuring Janison Education Group (ASX:JAN), Titan Minerals (ASX:TTM) and Recce Pharmaceuticals (ASX:RCE).

De Grey Mining's Ashburton Gold Project deal with Kalamazoo Resources

06 Feb 2024 - De Grey Mining (ASX:DEG) has entered into an exclusive option deal with Kalamazoo Resources to potentially acquire the Ashburton gold project in WA's Pilbara.

Nick Scali maintains interim dividend despite 20% earnings slide

06 Feb 2024 - Despite a 20% slide in earnings for the six months to December, furniture retailer Nick Scali (ASX:NCK) has maintained its interim dividend at 35 cents a share.

Powell's interview boosts dollar and bond yields

06 Feb 2024 - Fed Chair Jay Powell effectively conveyed his message during his 60 Minutes interview on Sunday night, as reflected in the subsequent market movements.

China trims production quotas: Rare earth prices to surge

05 Feb 2024 - Rare earth prices, which experienced a sharp decline in 2023, are expected to make a strong comeback later this year, driven by growing demand from the electric vehic…

Red 5 eyes Silver Lake merger

05 Feb 2024 - Barring any attempts to outbid, the merger will result in a miner with an annual output of approximately 445,000 ounces. The agreement entails Red 5 offering 3.434 Re…

Fed Chair stresses caution on rate cuts

05 Feb 2024 - Federal Reserve Chair Jay Powell has once again cautioned investors not to expect a rate cut from the central bank in March and emphasised the prudence the Fed will e…

Stocks of the Hour: Dotz Nano, Bioxyne, Castle Minerals, Linius Technologies

05 Feb 2024 - A snapshot of the stocks on the move, featuring Dotz Nano (ASX:DTZ), Bioxyne (ASX:BXN), Castle Minerals (ASX:CDT) and Linius Technologies (ASX:LNU).

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