Finance News Network

Company News

Stocks of the Hour: Tamboran Resources, Invictus Energy, Blaze Minerals, Elixir Energy

07 Dec 2023 - A snapshot of the stocks on the move, featuring Tamboran Resources (ASX:TBN), Invictus Energy (ASX:IVZ), Blaze Minerals (ASX:BLZ) and Elixir Energy (ASX:EXR).

Fonterra raises earnings forecast amidst global price surge

07 Dec 2023 - Fonterra (ASX:FSF), the world's largest producer and exporter of dairy products, has increased its earnings forecast and expected payments to New Zealand farmer custo…

Perpetual rejects Soul Pattinson's offer

07 Dec 2023 - Perpetual (ASX:PPT) has rejected Washington H. Soul Pattinson's (ASX:SOL) all-paper offer, which includes no cash.

Government spending and defense support amid slower Australian growth

06 Dec 2023 - Increased government spending on energy and childcare rebates, investment, and defense spending kept the Australian economy afloat in the three months to September, e…

Chemist Warehouse to take over Sigma Healthcare in backdoor listing

06 Dec 2023 - Sigma Healthcare is expected to announce a major transaction today, which will result in a backdoor listing by the privately-owned pharmacy giant, Chemist Warehouse, …

Evolution Mining shares fall 14% on Northparkes purchase funding

06 Dec 2023 - Shares in Evolution Mining (ASX:EVN) plummeted by 14% on Wednesday after trading resumed following a halt. The halt was to facilitate the company's efforts to raise $…

Stocks of the Hour: Latin Resources, Lanthanein Resources, Noble Helium

06 Dec 2023 - A snapshot of the stocks on the move, featuring Latin Resources (ASX:LRS), Lanthanein Resources (ASX:LNR) and Noble Helium (ASX:NHE).

Rio Tinto sets $6.2 billion price for Simandou iron ore deposit in Guinea

06 Dec 2023 - Rio Tinto (ASX:RIO) has placed a $6.2 billion price tag on its share of developing the Simandou iron ore deposit in the African country of Guinea.

Apple's market value surpasses $3 trillion mark

06 Dec 2023 - Apple's market value surged past $3 trillion for the first time in four months on Tuesday as Apple shares gained 2% to reach $193.42. Despite reducing its shares thro…

Moody's downgrades China's sovereign credit outlook to negative

06 Dec 2023 - Moody’s Investors Service has downgraded its outlook on China’s sovereign credit rating to negative.

Australian Q3 GDP forecast faces weakening as current account deficit rises

06 Dec 2023 - The chances of today's Australian third-quarter GDP coming in weaker than forecast rose on Tuesday, with the country seeing a near $8 billion plunge in its current ac…

Worried Russia watches as global oil prices slide further

06 Dec 2023 - Global oil prices continued to decline on Tuesday, causing more concern for Russia. US crude prices reached their lowest levels since mid-year, hovering at around $72…

RBA leaves cash rate at 4.35%

05 Dec 2023 - The Reserve Bank of Australia has announced its decision to keep the cash rate unchanged at 4.35 per cent in its final policy meeting for the year.

Stocks of the Hour: Atlas Pearls, Adavale Resources, Horizon Minerals

05 Dec 2023 - A snapshot of the stocks on the move, featuring Atlas Pearls, Adavale Resources and Horizon Minerals.

Rio Tinto to invest over half a billion dollars in Pilbara iron ore mine

05 Dec 2023 - Rio Tinto has announced plans to spend over half a billion dollars on exploration and other activities for its upcoming anchor iron ore mine in the Pilbara region, en…

Evolution Mining expands NSW investments

05 Dec 2023 - Evolution Mining (ASX:EVN) has proposed to acquire an 80% stake in the long-established Northparkes copper-gold mine in the state's central west for over $700m.

Moody's warns of negative outlook for global banking in 2024

05 Dec 2023 - One forecast that drew attention this week came from Moody’s, which issued a cautionary outlook for the health of the global banking sector in the upcoming year.

Gold faces investor gravity: What goes up must come down

05 Dec 2023 - The precious metal's prices plummeted from record highs during Monday's global session in Asia, driven by a stronger dollar and increased US treasury yields as the da…

Investors deliver defeat to Origin Energy's takeover bid

05 Dec 2023 - Today marks the judgment day for Origin Energy, as trading in the company's shares is set to resume later on Tuesday. This comes after the well-anticipated defeat of …

Empire Energy acquires AGL's Rosalind Park Gas Plant for $2.5m

04 Dec 2023 - Empire Energy Group (ASX:EEG) has announced its strategic acquisition of AGL Limited's Rosalind Park Gas Plant for a total consideration of $2.5 million in cash.

$20 billion bid for Origin Energy defeated

04 Dec 2023 - The $20 billion (enterprise value) bid for Australia's Origin Energy (ASX:ORG) has been defeated, leaving the company to chart its own path once again.

US regulations cast uncertainty over Australia's lithium sector

04 Dec 2023 - Recent regulations issued by the US Department of Energy are set to have significant implications for Australia's lithium sector.

Ecopro inks $33.5bn deal with Samsung

04 Dec 2023 - On the opening day of the Munich Motor Show (IAA) in Munich, Germany, Ecopro BM Co. announced a groundbreaking deal with Samsung SDI Co. that could reshape the electr…

Gold soars past $2,100 in Asian trading

04 Dec 2023 - Gold soared past $2,100 in Asian dealings on Monday, setting a new high for the third consecutive day.

Lithium miners worry as China's EV market stagnates

04 Dec 2023 - Worrying signs are emerging for Australian lithium miners and processors. Industry leader BYD has reported no growth in sales for battery-powered vehicles since Octob…