Finance News Network

News by David Chau

David Chau

Finance News Network

Rio Tinto invests $338M in Silvergrass project

03 Aug 2016 - Rio Tinto Ltd (ASX:RIO) will invest $338 million to complete the development of the Silvergrass iron ore mine in the Pilbara region.

Oil plummets; global shares down; ASX200 to open lower

03 Aug 2016 - Oil plummets; global shares down; ASX200 to open lower. Crown Resorts Ltd (ASX:CWN) sued by the Miller Point Fund Incorporated in regards to Barangaroo approvals.

RBA cuts cash rate to record low 1.5%

02 Aug 2016 - Reserve Bank of Australia cuts the official cash rate by 0.25 per cent to 1.5 per cent.

Qube gains 100% ownership of Moorebank project

02 Aug 2016 - Qube Holdings Ltd (ASX:QUB) signs deal to acquire Aurizon Holdings’ 33% equity in the Moorebank Intermodal Terminal.

GPT announces strong net profit

02 Aug 2016 - The GPT Metro Office Fund (ASX:GMF) reports $51.3 million NPAT for the year ended 30 June 2016.

Navitas records profit despite fewer students

02 Aug 2016 - Navitas Ltd’s (ASX:NVT) net profit for FY16 has increased by 25% to $90.1 million, compared to the previous year.

Speedcast to be ‘one-stop-shop’ for marine fleet

02 Aug 2016 - Speedcast International Ltd (ASX:SDA) enters multi-year service deal with one of the largest marine service providers in the Asia-Pacific.

Northern Star sells gold mine to Canadians

02 Aug 2016 - Northern Star Resources Ltd (ASX:NST) agrees, in principle, to sell its Plutonic gold mine in Western Australia to Canadian-owned Billabong Gold.

Resolute Mining announces record net profit

02 Aug 2016 - Resolute Mining Ltd (ASX:RSG) announces record net profit of $213 million, according to unaudited financial results.

RBA may cut rates; oil falls to $US40; ASX200 to open lower

02 Aug 2016 - RBA may cut rates; oil falls to $US40; ASX200 to open lower. Citadel Group (ASX:CGL) signs 3-year deal with undisclosed Australian federal government agency.

Gold up; energy down: Aus shares 0.29% higher at noon

28 Jul 2016 - Aus shares 0.29% higher at noon. Nuplex Industries Ltd (ASX:NPX) confirms that Allnex has re-filed its Phase 1 application for anti-trust approval with the European C…

Site Group to train ExxonMobil PNG technicians

28 Jul 2016 - Site Group International Ltd (ASX:SIT) announces that Kumul Petroleum Academy has signed a landmark agreement with ExxonMobil PNG.

Touchcorp teams up with Swiss bank

28 Jul 2016 - Touchcorp Ltd (ASX:TCH), teams up with Switzerland’s Corner Bank to launch online recharge platform for two key ‘Cornercard’ payment products.

Beach Energy provides FY17 CapEx guidance

28 Jul 2016 - Beach Energy Ltd (ASX:BPT) has provides guidance for FY2017 capital expenditure of around $180M - $200M.

Macquarie announces first quarter FY17 update

28 Jul 2016 - Macquarie Group Ltd (ASX:MQG) releases first-quarter FY17 results for, and says operating groups performed in line with expectations.

Bapcor acquires two automotive businesses

28 Jul 2016 - Automotive parts company, Bapcor Ltd (ASX:BAP), has entered contracts to acquire two specialist wholesale businesses.

Bradken sheds two business units

28 Jul 2016 - Bradken Ltd (ASX:BKN) restructures its business model and executive management team under group-wide strategic review.

Outlook: ASX200 set for slightly higher open

28 July 2016 - ASX200 set for slightly higher open. Centuria Capital Ltd (ASX:CNI) announces settlement of two properties sold at $101 million.

Asciano declares special dividend

27 Jun 2016 - Asciano Ltd (ASX:AIO) expects to pay a fully franked special dividend of 87 cents per share on 11 August.

AGL joins QIC on renewable energy fund

27 Jul 2016 - AGL Energy Ltd (ASX:AGL) announces QIC will be its equity partner for the 'Powering Australian Renewables Fund’.

Senex Energy focuses on Surat Basin in FY17

27 Jul 2016 - Senex Energy Ltd (ASX:SXY) offers preliminary outlook for FY2017.

Compumedics signs 3-year China distribution deal

27 Jul 2016 - Medical device company, Compumedics Ltd (ASX:CMP) signs 3-year distribution deal for its neurological disease monitoring systems in China.

iCar Asia’s quarterly cash collections soared

27 Jul 2016 - iCar Asia Ltd (ASX:ICQ) announces quarterly cash collections increased by 45% year-on-year.

Genesis Energy reports electricity sales volumes down

27 Jul 2016 - New Zealand electricity company, Genesis Energy Ltd (ASX:GNE), releases fourth-quarter performance report for FY2016.

Outlook: Flat Wednesday opening for Aus shares

27 Jul 2016 - Flat Wednesday opening for Aus shares. Software company, Prophecy International Holdings Ltd (ASX:PRO) is expecting ‘record results’ for the 2016 financial year.

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