Finance News Network - Latest News The latest news from Finance News Network across all categories. en Finance TV Pty Ltd - All Rights Reserved 30 Saturday Sunday 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). Thu, 07 Dec 2023 00:50:00 GMT Company News ASX down 0.18% as oil prices fall 07 Dec 2023 - Energy stocks on the ASX are down over 2% as a result of a 4.1% drop in US oil prices, which fell below $70 per barrel, despite a 4.63 million barrel decrease in US crude stockpiles. Brent also slid more than 3.5% to below $75 per barrel. Thu, 07 Dec 2023 00:33:00 GMT Market Reports 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 customers in response to rising global prices. Wed, 06 Dec 2023 23:29:00 GMT Company News US stocks choppy as data shows drop in labour costs 07 Dec 2023 - US stocks wavered on Wednesday as investors assessed data indicating falling inflation, while the jobs report loomed. Wed, 06 Dec 2023 21:50:00 GMT Market Reports 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. Wed, 06 Dec 2023 21:44:00 GMT Company News ASX closes 1.7% higher in its largest one-day rally in over a year 06 Dec 2023 - On Wednesday, the Australian sharemarket experienced its largest one-day rally in over a year, with the benchmark S&P/ASX 200 index surging 1.7% to 7178.4 points, driven by increased speculation of an interest rate cut by the Reserve Bank. Wed, 06 Dec 2023 05:51:00 GMT Market Reports 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, even though economic growth slowed to less than walking pace, growing at just 0.2%. Wed, 06 Dec 2023 05:45:00 GMT Company News 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, on the Australian stock exchange. Wed, 06 Dec 2023 05:40:00 GMT Company News Weight loss corporates, new car prices and Black Friday sales 06 Dec 2023 - Fund Manager Chris Pedersen discusses BlueScope Steel (ASX:BLS), Collins Foods (ASX:CKF), and Johnson & Johnson (ASX:JNJ). Wed, 06 Dec 2023 05:20:00 GMT Stock Watch ASX up 0.84% at midday as GDP grows 0.2% 06 Dec 2023 - Australia's GDP growth in the third quarter was 0.2%, falling short of the market consensus of 0.4%, with a year-on-year expansion of 2.1%, in line with the previous quarter and exceeding forecasts. Wed, 06 Dec 2023 00:46:00 GMT Market Reports 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 $525 million to finance the acquisition of an 80% stake in the Northparkes copper gold mine in New South Wales, Australia, from China's CMOC. Tue, 05 Dec 2023 23:59:00 GMT Company News 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). Tue, 05 Dec 2023 23:53:00 GMT Company News 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. Tue, 05 Dec 2023 23:13:00 GMT Company News 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 through buybacks, the tech giant has seen its stock price rise by over 52% this year, showcasing its resilience. Tue, 05 Dec 2023 21:47:00 GMT Company News 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. Tue, 05 Dec 2023 20:39:00 GMT Company News 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 account deficit, reaching a deficit of $158 million. Tue, 05 Dec 2023 20:38:00 GMT Company News 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 $72.57 a barrel at 7 am Wednesday, Sydney time, while Brent was trading at approximately $77.40. Tue, 05 Dec 2023 20:37:00 GMT Company News Wall Street's recent rally fades 06 Dec 2023 - The Dow Jones Industrial Average and the S&P 500 slid on Tuesday as a recent rally on Wall Street lost steam. Tue, 05 Dec 2023 20:28:00 GMT Market Reports The RBA leaves rates on hold - have we finally reached the top? 05 Dec 2023 - Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses rates. Tue, 05 Dec 2023 07:20:00 GMT Stock Watch ASX experience their most significant single-day drop in over a month to close 0.89% lower 05 Dec 2023 - Australian shares experienced their most significant single-day drop in over a month on Tuesday, reflecting a change in trader sentiment after a robust November rally. Tue, 05 Dec 2023 05:33:00 GMT Market Reports 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. Tue, 05 Dec 2023 03:36:00 GMT Company News 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. Tue, 05 Dec 2023 03:35:00 GMT Company News ASX down 0.89% at noon ahead of RBA decision 05 Dec 2023 - Australian shares are declining at midday, with mining and tech stocks leading the downturn, ahead of the Reserve Bank of Australia's final rate decision for the year. Tue, 05 Dec 2023 01:10:00 GMT Market Reports 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, ensuring its significance for decades to come. Tue, 05 Dec 2023 00:10:00 GMT Company News 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. Mon, 04 Dec 2023 23:34:00 GMT Company News 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. Mon, 04 Dec 2023 22:12:00 GMT Company News Nasdaq sees megacap and AI stocks decline 05 Dec 2023 - Stocks slipped on Monday as investors questioned whether the market was getting ahead of itself following five straight winning weeks. Mon, 04 Dec 2023 20:55:00 GMT Market Reports 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 day progressed. Mon, 04 Dec 2023 20:27:00 GMT Company News 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 the $20 billion bid for the company by Canada's Brookfield and the US's EIF. Mon, 04 Dec 2023 20:26:00 GMT Company News 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. Mon, 04 Dec 2023 05:49:00 GMT Company News ASX closes 0.7% higher driven by investor optimism 04 Dec 2023 - The Australian sharemarket experienced a positive uptick on Monday with nine of its eleven sectors showing gains, driven by investor optimism amid expectations that global central banks have completed their monetary policy tightening. Mon, 04 Dec 2023 05:43:00 GMT Market Reports $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. Mon, 04 Dec 2023 04:17:00 GMT Company News 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. Mon, 04 Dec 2023 03:40:00 GMT Company News 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 electric vehicle (EV) market. Mon, 04 Dec 2023 03:09:00 GMT Company News 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. Mon, 04 Dec 2023 03:06:00 GMT Company News 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 October. Mon, 04 Dec 2023 03:04:00 GMT Company News Stocks of the Hour: BluGlass, Liontown Resources, Noble Helium, Empire Energy 04 Dec 2023 - A snapshot of the stocks on the move, featuring BluGlass (ASX:BLG), Liontown Resources (ASX:LTR), Noble Helium (ASX:NHE) and Empire Energy (ASX:EEG). Mon, 04 Dec 2023 01:18:00 GMT Company News ASX up 1.28% at noon following speculation that global central banks have concluded raising rates 04 Dec 2023 - At noon, the S&P/ASX 200 is 1.28 per cent higher at 7,163.40, following the upward movement seen on Wall Street. Mon, 04 Dec 2023 01:00:00 GMT Market Reports Metcash trims interim dividend 04 Dec 2023 - Metcash, the supermarkets, hardware, and liquor group, has reduced its interim dividend for the six months ending on October 31 due to a noticeable slowdown in earnings growth. Mon, 04 Dec 2023 00:32:00 GMT Company News Tower announces ownership structure review 04 Dec 2023 - In a surprising announcement, New Zealand-based insurer Tower has declared a strategic review of its ownership structure. Sun, 03 Dec 2023 21:48:00 GMT Company News S&P500 continues its November rally 04 Dec 2023 - The S&P 500 soared to a closing high for 2023 on Friday, extending November’s rally into the new month. Sun, 03 Dec 2023 21:45:00 GMT Market Reports Gold hits record high amid dollar and yield decline 04 Dec 2023 - Gold reached a record high on Friday as the dollar and Treasury yields fell following weak US economic data. Investors seemingly disregarded Fed Chair Jay Powell's warning of potential rate hikes if inflation strengthens once more. Sun, 03 Dec 2023 20:33:00 GMT Company News OPEC+ meeting fallout: Oil prices decline despite production cuts 04 Dec 2023 - Last week, OPEC+ convened but witnessed oil prices falling, despite claims of production cuts made during Thursday's meeting. Sun, 03 Dec 2023 20:24:00 GMT Company News Upcoming key events for the Australian economy 04 Dec 2023 - Another significant week awaits the Australian economy with the last Reserve Bank (RBA) board meeting of the year tomorrow and the release of September quarter national accounts and GDP figures on Wednesday. Sun, 03 Dec 2023 20:22:00 GMT Company News Busy week ahead with key market drivers 04 Dec 2023 - There are several significant market drivers both locally and internationally this week. In addition to Australia's release of monthly and quarterly data, including an RBA meeting, investors must consider the US stock market surge, the health of the US economy, and its impact on interest rates and falling bond yields. Sun, 03 Dec 2023 20:19:00 GMT Company News Charger Metals (ASX:CHR) - Webinar Presentation 01 Dec 2023 - Aidan Platel - Managing Director & CEO - Charger Metals (ASX:CHR) has a portfolio of battery metals projects in WA and the Northern Territory that are prospective for metals associated with the renewable energy sector. Fri, 01 Dec 2023 03:55:00 GMT Company Presentations Jindalee Lithium (ASX:JLL) - Webinar Presentation 01 Dec 2023 - Lindsay Dudfield - Executive Director & CEO - Jindalee Lithium (ASX:JLL) has a continued track record of successful mineral exploration and development. The company’s flagship project is the McDermitt Lithium Project in south-east Oregon, USA. Fri, 01 Dec 2023 03:52:00 GMT Company Presentations BPH Energy (ASX:BPH) - Webinar Presentation 01 Dec 2023 - David Breeze - Managing Director and Executive Chairman - BPH Energy (ASX:BPH) is a diversified company holding investments in biotechnology and resources, including a significant interest (36%) in unlisted oil and gas exploration company Advent Energy Ltd. Fri, 01 Dec 2023 03:50:00 GMT Company Presentations Property market update: National home prices hit record high, but signs of slowdown emerge 01 12 2023 - Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses Australian home price growth slowing further as high rates start to dominate again - we now expect a "double dip" with renewed price falls next year. Fri, 01 Dec 2023 03:50:00 GMT Stock Watch Enlitic (ASX:ENL) - Webinar Presentation 01 Dec 2023 - Michael Sistenich - CEO - Enlitic (ASX:ENL) is focused on delivering the power of AI into data management applications, enabling effective administration, processing and sharing of medical imaging data throughout the healthcare enterprise. Fri, 01 Dec 2023 03:45:00 GMT Company Presentations