Latest Company News - Finance News Network
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China's economic challenges
July 15, 2024 02:43 - 1000 KB15 Jul 2024 - The Chinese government has once again missed its chance to send a message to consumers, businesses, and especially struggling homeowners that it aims to help them by cutting official interest rates.
Star faces another embarrassment
July 15, 2024 01:59 - 1000 KB15 Jul 2024 - Yet another hard-luck story emerges from the annals of corporate Australia: Star Entertainment Group (ASX:SGR) and its casinos in Sydney, the Gold Coast, and Brisbane.
Rio Tinto and BHP on the takeover trail
July 15, 2024 01:57 - 1000 KB15 Jul 2024 - Two media reports over the weekend suggest that Rio Tinto (ASX:RIO) and BHP (ASX:BHP) are still on the takeover trail.
Stocks of the Hour: Liontown Resources, Andromeda Metals, Adisyn
July 15, 2024 01:35 - 1 minute - 1000 KB15 Jul 2024 - A snapshot of the stocks on the move, featuring Liontown Resources (ASX:LTR), Andromeda Metals (ASX:ADN) and Adisyn Ltd (ASX:AI1).
A week packed with economic data and corporate reports
July 14, 2024 21:52 - 1000 KB15 Jul 2024 - Warren Buffett’s Berkshire Hathaway is less than $100 million away from joining the trillion-dollar club of major US mega companies.
Oil market update
July 14, 2024 21:50 - 1000 KB15 Jul 2024 - At the end of last week, OPEC remained bullish on oil demand, while US drillers were less optimistic, and US demand remained difficult to gauge, according to traders and analysts.
American banks signal economic concerns
July 14, 2024 21:45 - 1000 KB15 Jul 2024 - On Thursday, American investors received strong hints of growing malaise among Americans as PepsiCo, Delta Airlines, and food group Conagra all reported clear signs of weak consumer support for price rises and weakening sales volumes (or slowing ticket sales in the case of Delta).
China's commodity trends in June 2024
July 14, 2024 21:40 - 1000 KB15 Jul 2024 - China maintained a reasonable appetite for key commodities in June, but there was nothing to suggest confidence building for an upturn anytime soon.
Gold holds near seven-week highs
July 14, 2024 21:20 - 1000 KB15 Jul 2024 - Gold steadied near seven-week highs at the close on Friday, while the dollar and yields weakened, despite a report showing US producer prices in June were slightly firmer than expected.
ASX outlook
July 14, 2024 21:20 - 1000 KB15 Jul 2024 - Boom, boom for the ASX 200 after last week’s surging end and solid gain for the five days. Another 50-point gain was penciled in for today after the overnight futures market ended strongly early Saturday (Australian time).
Diary
July 14, 2024 21:18 - 1000 KB15 Jul 2024 - There’s a job lot of data and events this week to distract investors, but only the timid will care about them, especially when The Bull is striding the world’s bourses, driving momentum and turning the heads of investors large and small away from prudence and the growing list of warnings.
The Dow reaches above 40,000 points for the first time since May
July 14, 2024 21:10 - 1000 KB15 Jul 2024 - More gains ahead this week for Wall Street after Friday's record session?
Stocks of the Hour: Immutep, Middle Island Resources, Inca Minerals
July 12, 2024 01:40 - 1 minute - 1000 KB12 Jul 2024 - A snapshot of the stocks on the move, featuring Immutep (ASX:IMM), Middle Island Resources (ASX:MDI) and Inca Minerals (ASX:ICG).
US consumers push back against corporate price hikes
July 12, 2024 00:18 - 1000 KB12 Jul 2024 - After two years of significant price rises and few apologies, US consumers are starting to get their revenge on corporate America, even as price pressures ease.
BYD's expansion strategy
July 12, 2024 00:17 - 1000 KB12 Jul 2024 - Chinese EV giant BYD is in the process of establishing an international network of plants and distribution facilities to circumvent the steep tariffs planned by the US and the European Union.
S&P 500s 7-day rally ends as traders shift to small-cap stocks
July 11, 2024 23:18 - 1000 KB12 Jul 2024 - A multi-day rally for the S&P 500 came to an end after cooler-than-expected inflation data for June pushed traders to bet on more interest rate cuts this year.
Wall Street's mixed reaction to unexpected inflation drop
July 11, 2024 21:35 - 1000 KB12 Jul 2024 - Wall Street reacted nervously on Thursday to good news on inflation. The Dow was up, but the S&P 500 and Nasdaq were down for the session.
BHP suspends nickel mining in WA amid global oversupply
July 11, 2024 21:33 - 1000 KB12 Jul 2024 - BHP (ASX:BHP) has bitten the bullet and will suspend nickel mining in WA, warning of a full-year loss in its nickel business.
Synlait Milk shares surge 52% after key refinancing approval
July 11, 2024 05:21 - 1000 KB11 Jul 2024 - Synlait Milk (ASX:SM1) shares jumped 52% yesterday after shareholders approved the first step of a complicated refinancing of the struggling company’s debt and finances.
Uranium stocks surge following Kazakhstani tax hike
July 11, 2024 04:28 - 1000 KB11 Jul 2024 - Uranium stocks are soaring on Thursday following an unexpected hike in uranium extraction taxes in Kazakhstan. This move is anticipated to curb future supply growth from the country, home to the world's largest producer, Kazatomprom.
The challenges of container shipping in the current global environment
July 11, 2024 04:27 - 1000 KB11 Jul 2024 - Container shipping and the web of global transport services linked to it are entering the usual peak season for demand, but this year's scenario planning includes many questions about supply.
Stocks of the Hour: Augustus Minerals, Clara Resources, Taruga Minerals
July 11, 2024 01:30 - 32 seconds - 1000 KB11 Jul 2024 - A snapshot of the stocks on the move, featuring Augustus Minerals (ASX:AUG), Clara Resources (ASX:C7A) and Taruga Minerals (ASX:TAR).
Woodside inks new supply deal with Taiwan's CPC
July 11, 2024 01:15 - 1000 KB11 Jul 2024 - Shares of Woodside Energy (ASX:WDS) have increased today following the announcement of a significant supply agreement with Taiwan’s CPC Corp, a major player in the petrochemicals industry.
ACCC launches legal action against The Good Guys over misleading promotions
July 11, 2024 00:19 - 1000 KB11 Jul 2024 - The competition regulator, the ACCC, has launched Federal Court proceedings against The Good Guys Discount Warehouses (Australia) Pty Ltd for allegedly making false or misleading representations about their store credit and ‘StoreCash’ promotions, and failing to provide store credit to eligible consumers, in breach of the Australian Consumer Law.
Seven Group Holdings announces post-transaction dividend of 30 cents per share
July 11, 2024 00:07 - 1000 KB11 Jul 2024 - The Stokes family's Seven Group Holdings (ASX:SVW) has followed through on a commitment made in April during its takeover of the minorities in Boral, announcing a post-transaction dividend of 30 cents per share.
BP raises oil and gas demand forecasts
July 10, 2024 23:59 - 1000 KB11 Jul 2024 - BP has increased its forecasts for oil and gas demand, signaling a slowdown in the transition to clean energy. In its annual outlook, the oil major highlighted that renewable power sources like wind and solar are not expanding quickly enough to meet the growing global energy demand.
Tech giants surge to new heights
July 10, 2024 22:33 - 1000 KB11 Jul 2024 - In the value chain race, Apple remained on top, with its value rising nearly 1.9% to a massive $US3.57 trillion, around $US100 billion ahead of Microsoft, whose value rose nearly 1.5% to around $US3.47 trillion.
Mixed messages in China's June inflation data
July 10, 2024 04:35 - 1000 KB10 Jul 2024 - The June inflation data from China presented mixed messages on Wednesday, as economic activity and the government’s ongoing support measures failed to gain real traction with consumers and depressed sectors of the economy.
China's inflation numbers fall short of expectations
July 10, 2024 03:26 - 1000 KB10 Jul 2024 - China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in line with forecasts, data from the National Bureau of Statistics showed on Wednesday.
Reserve Bank of New Zealand hints at possible rate cut
July 10, 2024 03:22 - 1000 KB10 Jul 2024 - The Reserve Bank of New Zealand has left its cash rate on hold at 5.50% but again hinted that a rate cut could be coming.
Stocks of the Hour: Infini Resources, Mako Gold, Elementos
July 10, 2024 01:25 - 58 seconds - 1000 KB10 Jul 2024 - A snapshot of the stocks on the move, featuring Infini Resources (ASX:I88), Mako Gold (ASX:MKG) and Elementos (ASX:ELT).
Booktopia faces bidding war as deadline nears
July 10, 2024 00:03 - 1000 KB10 Jul 2024 - Booktopia (ASX:BKG), once a shining star on the ASX, now finds itself at the center of a fierce bidding war as potential buyers vie to rescue the beleaguered book retailer from administration.
Short sellers pocket $10 billion in profits despite S&P 500 surge
July 09, 2024 22:13 - 1000 KB10 Jul 2024 - During the second quarter of this year, short sellers capitalized on their strategy of betting against stocks, amassing a substantial $10 billion in paper profits despite the broader market's upward trajectory.
Chile's government expects to surpass project target amid strong private sector interest
July 09, 2024 22:07 - 1000 KB10 Jul 2024 - The Salar de Atacama in Chile contains some of the world's highest known concentrations of lithium and potassium.
Powell hints at possible rate cut amid cooling inflation
July 09, 2024 21:33 - 1000 KB10 Jul 2024 - While Fed Chair Jay Powell wouldn't get drawn into any discussions about the potential timing of any rate cut in the first of two appearances before the US Congress on Tuesday, he did send a hint or three to keep watching the central bank because something could be brewing.
China's NEV sales surge amidst decline in internal combustion market
July 09, 2024 21:29 - 1000 KB10 Jul 2024 - China's rising sales of so-called New Energy Vehicles (NEVs) can’t make up for the continuing weakness in sales of conventionally powered (or ICE, internal combustion) vehicles.
Nico Resources Initiation Report: An option on booming global nickel-cobalt demand
July 09, 2024 06:36 - 1000 KB09 Jul 2024 - Nico Resources (ASX:NC1) is wholly focused on its Wingellina Nickel-Cobalt Project (Wingellina or the Project). Wingellina is a fully owned, development-ready, large-resource project with a demonstrated ability to produce nickel and cobalt in Mixed Hydroxide Precipitate.
Spartan Resources boosts Dalgaranga gold prospects
July 09, 2024 04:09 - 1000 KB09 Jul 2024 - Spartan Resources (ASX:SPR) has confirmed why larger rival Ramelius has it in its sights.
Stocks of the Hour: Killi Resources, Solis Minerals, Future Battery Minerals
July 09, 2024 01:40 - 1 minute - 1000 KB09 Jul 2024 - A snapshot of the stocks on the move, featuring Killi Resources (ASX:KLI), Solis Minerals (ASX:SLM) and Future Battery Minerals (ASX:FBM).
NAB survey reveals mixed signals
July 09, 2024 01:37 - 1000 KB09 Jul 2024 - Now, this will confuse economists, analysts, and the members of the Reserve Bank second-guessers in the business media. According to the latest National Australia Bank survey for June, business conditions fell (no surprise), but business confidence jumped to 18-month highs (a big surprise).
Bapcor announces new leadership, rejects Bain Capital's buyout offer
July 08, 2024 23:29 - 1000 KB09 Jul 2024 - Car parts retailer and distributor Bapcor (ASX:BAP) had a busy Tuesday, announcing a new CEO and Executive Chair, and rejecting the tentative $5.40 a share approach from Bain Capital, an American private equity group.
Apple reclaims top spot as world's most valuable company
July 08, 2024 22:06 - 1000 KB09 Jul 2024 - Apple shares continued their recent bounce on Monday, reclaiming the top spot as the world’s most valuable company.
Canada tightens rules to protect domestic mining industry
July 08, 2024 21:28 - 1000 KB09 Jul 2024 - Canada has again tightened rules, making it even harder to take over the country’s remaining big miners.
Ramelius prepares to move on Spartan
July 08, 2024 05:24 - 1000 KB08 Jul 2024 - Updates continue to emerge from Ramelius Resources (ASX:RMS) as it prepares for a move on the now partly owned Spartan Resources.
Shares in Rex Minerals surge more than 60%
July 08, 2024 03:59 - 1000 KB08 Jul 2024 - Shares in Rex Minerals surged more than 60% after it revealed it had found its ideal partner in the shape of its major shareholder, Indonesian-owned MACH Metals Australia.
Stocks of the Hour: Rex Minerals, Gold Mountain, FBR
July 08, 2024 01:46 - 1 minute - 1000 KB08 Jul 2024 - A snapshot of the stocks on the move, featuring Rex Minerals (ASX:RXM), Gold Mountain (ASX:GMN) and FBR Limited (ASX:FBR).
High-stakes dairy drama
July 08, 2024 00:17 - 1000 KB08 Jul 2024 - A high-stakes game of dairy "Russian Roulette" is unfolding across the Tasman between struggling Synlait and its once-close buddy and customer (and shareholder), a2 Milk.
China stays on sidelines as gold prices ease
July 07, 2024 21:42 - 1000 KB08 Jul 2024 - For the second month in a row, high world prices kept China out of the world gold market in June. This news will disappoint all those bulls who expected the country to re-enter after prices fell $100 USD per ounce from all-time highs in May.
Global economic highlights and market insights for the week ahead
July 07, 2024 21:41 - 1000 KB08 Jul 2024 - US inflation returns to center stage this week, as do US second-quarter earnings, while the June and June quarter economic reports from China start appearing.
Mixed reactions to economic data and political shifts
July 07, 2024 21:40 - 1000 KB08 Jul 2024 - The ASX is looking at a hesitant start to trading today for the second week of the new financial year, despite a rise in most global markets on Friday due to a dip in the US dollar and Treasury bond yields following the release of weaker June jobs figures.