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Upcoming key events for the Australian economy
December 03, 2023 20:22 - 1000 KB04 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.
Busy week ahead with key market drivers
December 03, 2023 20:19 - 1000 KB04 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.
Stocks of the Hour: Dalaroo Metals, Electro Optic Systems, Perpetual Resources
December 01, 2023 00:20 - 1 minute - 1000 KB01 Dec 2023 - A snapshot of the stocks on the move, featuring Dalaroo Metals, Electro Optic Systems and Perpetual Resources.
Inflation falls on both sides of Atlantic, impact differs
November 30, 2023 20:40 - 1000 KB01 Dec 2023 - In Europe, the advance data on inflation showed a slide to an annual rate of 2.4% from 2.9% in October, while in the US, so-called PCE inflation is still falling to 3% in October, from 3.6% in September.
China's economy slows further in November
November 30, 2023 20:37 - 1000 KB01 Dec 2023 - China's official activity survey for November indicates a continued slowdown in its economy. Manufacturing contracted for a second consecutive month, while non-manufacturing activity reached a new yearly low.
Oil falls, OPEC+ disagrees on production levels
November 30, 2023 20:28 - 1000 KB01 Nov 2023 - Global oil prices plummeted after the OPEC+ group failed to reach a consensus on production levels for some members.
Warren Buffett further invests in fossil fuels
November 30, 2023 05:58 - 1000 KB30 Nov 2023 - One of Warren Buffett’s key energy plays is taking the famed investor deeper into fossil fuels, if US media reports are any guide.
Cooper Metals soars 62% on high-grade copper discovery
November 30, 2023 04:41 - 1000 KB30 Nov 2023 - Shares in the exploration company Cooper Metals (ASX:CPM) surged by 62% on Thursday after it unveiled a substantial intersection of high-grade copper in a drilling program near Mount Isa.
Stocks of the Hour: Australian Pacific Coal, Augustus Minerals, Battery Age Minerals
November 30, 2023 00:50 - 1 minute - 1000 KB30 Nov 2023 - A snapshot of the stocks on the move, featuring Australian Pacific Coal (ASX:AQC), Augustus Minerals (ASX:AUG) and Battery Age Minerals (ASX:BM8).
Origin Energy board rejects third offer, likely ending takeover battle
November 30, 2023 00:30 - 1000 KB30 Nov 2023 - In the ongoing Origin Energy (ASX:ORG) takeover saga, the company's board has rejected the third offer from suitors Brookfield of Canada and US investor EIG. This rejection appears to have put an end to the prolonged takeover battle.
Tesla's Cybertruck: A make or break moment for Elon Musk
November 29, 2023 23:26 - 1000 KB30 Nov 2023 - Early Friday, Sydney time, Elon Musk's biggest punt in years is due to be rolled out: the final version of Tesla's Cybertruck. This vehicle could either further boost his reputation and that of his carmaker or blow it apart if it's a dud.
Australian Pacific Coal announces funding package
November 29, 2023 22:51 - 1000 KB30 Nov 2023 - Australian Pacific Coal (ASX:AQC) and its joint venture partner Tetra Resources have successfully secured a significant funding package to revive the Dartbrook Mine.
Stocks of the Hour: KNeoMedia, ClearView Wealth, Steadfast Group
November 17, 2023 00:10 - 1 minute - 1000 KB17 Nov 2023 - A snapshot of the stocks on the move, featuring KNeoMedia (ASX:KNM), ClearView Wealth (ASX:CVW) and Steadfast Group (ASX:SDF).
Chile's SQM faces share slump amidst declining lithium sector performance
November 16, 2023 21:58 - 1000 KB17 Nov 2023 - Chile's SQM, the world's second-largest lithium group, witnessed a more than 7% drop in its shares on Thursday, in line with the rest of the sector, as it reported significant declines in revenue, prices, and earnings for the three months ending in September.
IGO chair stands by incoming CEO despite Rio Tinto controversy
November 16, 2023 21:23 - 1000 KB17 Nov 2023 - IGO (ASX:IGO) Chair, Mike Nossal, expressed his support for incoming CEO Ivan Vella after Rio Tinto's recent dismissal of Vella for an alleged breach of confidentiality. Vella, who had spent two decades at Rio Tinto, was scheduled to join IGO in December to replace the late Peter Bradford.
Global oil market in contango amid concerns of oversupply and weak demand
November 16, 2023 20:45 - 1000 KB17 Nov 2023 - The global oil market has shifted into a state of contango, where future prices trade at a premium to spot prices. This change signals growing apprehensions about demand in 2024 and an oversupply issue.
Warren Buffett's Berkshire Hathaway sells off key holdings, grows cash reserves
November 16, 2023 04:51 - 1000 KB16 Nov 2023 - Warren Buffett's Berkshire Hathaway has abandoned more of its share holdings in some of America's oldest and best-known companies in the three months leading up to September, signaling a further push into cash.
Global investors favour bonds and equities, BofA survey reveals
November 16, 2023 04:44 - 1000 KB16 Nov 2023 - Judging by the results of the latest Bank of America monthly survey, big global investors made the right choice in favouring bonds and equities last month.
Global dividend survey: Banks shine, mining companies struggle in Q3 2023
November 16, 2023 04:33 - 1000 KB16 Nov 2023 - Banks outperformed while mining companies faced challenges in paying dividends in the third quarter of 2023, according to the latest global dividend survey by Janus Henderson, a fund management firm.
Surprising surge: 55,000 new jobs in October, but unemployment rate rises
November 16, 2023 04:32 - 1000 KB16 Nov 2023 - Temporary jobs for The Voice referendum in October might have played a part, but that doesn't fully explain the unexpected jump of 55,000 new jobs last month.
Stocks of the Hour: Galan Lithium, Vulcan Energy Resources, ABx, Bryah Resources
November 16, 2023 00:45 - 1 minute - 1000 KB16 Nov 2023 - A snapshot of the stocks on the move, featuring Galan Lithium (ASX:GLN), Vulcan Energy Resources (ASX:VUL), ABx (ASX:ABX) and Bryah Resources (ASX:BYH).
GrainCorp's 2022-23 revenue up, earnings down, similar trends expected in 2023-24
November 15, 2023 23:09 - 1000 KB16 Nov 2023 - GrainCorp (ASX:GNC), Eastern Australia's major grain and oilseeds group, has disclosed higher revenue but significantly lower earnings for the fiscal year ending in September. The company indicated that the upcoming 2023-24 financial year is likely to follow a similar pattern.
US retail sales dip by 0.1% in October fuels expectations of lower interest rates
November 15, 2023 20:40 - 1000 KB16 Nov 2023 - The 0.1% drop in US retail sales for October has reinforced market belief that interest rates have halted their ascent, with the next move likely being a downward one—possibly in May.
China's steel output declines, iron ore futures soar
November 15, 2023 20:28 - 1000 KB16 Nov 2023 - Despite China's crude steel output falling for the fourth consecutive month in October, iron ore futures prices hit new 17-month highs on the SGX in Singapore on Wednesday.
Mixed economic signals in China
November 15, 2023 04:57 - 1000 KB15 Nov 2023 - In October, there were tentative signs of an uptick in Chinese economic activity. However, this positive news was counteracted by yet another drop in investment, particularly in the property sector.
Japan's economy shrinks more than expected
November 15, 2023 01:06 - 1000 KB15 Nov 2023 - Japan's economy contracted more than anticipated in the three months leading up to September, reversing the strong growth observed in the preceding three months until June.
Stocks of the Hour: Atlantic Lithium, Findi, Odessa Minerals, Jindalee Resources
November 15, 2023 00:50 - 2 minutes - 1000 KB15 Nov 2023 - A snapshot of the stocks on the move, featuring Atlantic Lithium (AIM:ALL, ASX:A11, OTCQX ALLIF), Findi (ASX:FND), Odessa Minerals (ASX:ODE) and Jindalee Resources (ASX:JRL).
Christmas Island rock phosphate stalwart CI Resources eyes wider opportunities, both home and abroad
November 14, 2023 22:36 - 1000 KB15 Nov 2023 - Perth-headquartered rock phosphate producer CI Resources has a unique claim to fame: it’s the only ASX-listed entity to operate on Christmas Island, the remote Australian territory in the Indian Ocean that is much closer to Jakarta than Canberra.
Aristocrat Leisure: 23% dividend increase as net profit soars to $1.2 billion
November 14, 2023 22:25 - 1000 KB15 Nov 2023 - Aristocrat Leisure (ASX:ALL) reported an impressive 24% surge in net profit to over $1.2 billion in the 12 months ending in September, resulting in a 23% increase in dividends for shareholders.
Incitec Pivot shareholders to receive $1 billion capital return
November 14, 2023 22:23 - 1000 KB15 Nov 2023 - Shareholders in the fertilisers and explosives group Incitec Pivot (ASX:IPL) will receive a capital return of approximately $1 billion, in addition to the paused $400 million buyback, once the sale of the company's vast US ammonia production plant is finalised shortly.
Nufarm shareholders receive lower final dividend amid steady annual results
November 14, 2023 22:21 - 1000 KB15 Nov 2023 - Crop protection group Nufarm (ASX:NUF) shareholders will receive a lower final dividend, while the full-year dividend remains unchanged, following the company's 'steady as she goes' annual results announcement on Wednesday.
Federal Senate approves bill for carbon capture project
November 14, 2023 22:00 - 1000 KB15 Nov 2023 - In a surprising turn of events, the Australian federal government's Environment Protection (Sea Dumping) Amendment (Using New Technologies to Fight Climate Change) Bill has successfully passed the Senate with the support of the Coalition. While the bill's title might not immediately suggest a connection to fossil fuels, it has ignited controversy due to its perceived link to one of the dirtiest fossil fuel projects in the nation's history.
Glencore acquires Teck's coal assets for $8.9 billion
November 14, 2023 21:16 - 1000 KB15 Nov 2023 - Glencore has finally acquired the coal assets of Teck Resources, comprising high metallurgical coal mines in western Canada. The company intends to create a separate entity by merging these businesses.
M&A making its way back into corporate agendas
November 14, 2023 20:44 - 1000 KB15 Nov 2023 - In the midst of economic uncertainty and a sluggish growth landscape, corporate leaders and fund managers in Australia are beginning to reevaluate their strategies.
Wall Street anticipates rate cut amidst falling oil and gas prices
November 14, 2023 20:39 - 1000 KB15 Nov 2023 - Wall Street's view has shifted to no more rate rises and a potential rate cut sooner than expected. This change comes after a sharp decline in oil and petrol prices, causing US inflation to resume its downward trend in October, marking the first decrease in three months.
Beetaloo Basin webinar sheds light on unconventional gas development
November 14, 2023 05:43 - 1000 KB14 Nov 2023 - A special webinar will take place on Wednesday 15 November 2023 to delve into the world-class gas resource in the Beetaloo Sub-basin in the Northern Territory. This event will provide insights into the potential of the Beetaloo and its significance on both a regional and global scale.
Chariot Corporation progresses with Black Mountain project drilling Program
November 14, 2023 03:15 - 1000 KB14 Nov 2023 - Chariot Corporation (ASX:CC9) is making significant strides in its flagship Black Mountain lithium project, located in Wyoming, USA.
Stocks of the Hour: Altech Batteries, Si6 Metals, True North Copper
November 13, 2023 23:38 - 1 minute - 1000 KB14 Nov 2023 - A snapshot of the stocks on the move, featuring Altech Batteries (ASX:ATC, FRA:A3Y), Si6 Metals (ASX:Si6) and True North Copper (ASX:TNC).
ALS faces a difficult 2023-24 amidst revenue challenge
November 13, 2023 23:29 - 1000 KB14 Nov 2023 - The 2023-24 fiscal year has been nothing but resilient for the Brisbane-based global testing group, ALS (ASX:ALQ). The first half, ending in September, saw a slight rise in revenue followed by a drop in earnings.
CBA's Q1 2023 earnings: Limited growth, challenging year ahead
November 13, 2023 21:40 - 1000 KB14 Nov 2023 - The Commonwealth Bank (ASX:CBA) reported virtually no profit growth in the first quarter of its 2023-24 fiscal year, indicating potential challenges for both the bank and the sector after strong results in 2022-23.
Lynas gets green light for Mount Weld rare earths expansion
November 13, 2023 21:03 - 1000 KB14 Nov 2023 - The Western Australia Environmental Protection Authority (EPA) has recommended the environmental approval of Lynas' life-of-mine proposal for its Mount Weld rare earths project. The proposed expansion by Lynas Rare Earths' subsidiary aims to increase the development area to 2802 hectares, extending the operation's lifespan by up to 30 years. This decision comes despite concerns about transitioning to renewables.
Exxon Mobil's innovative approach to becoming a leading lithium player in the US
November 13, 2023 20:55 - 1000 KB14 Nov 2023 - Oil giant Exxon Mobil aims to establish itself as a prominent player in the US lithium market. Unlike traditional methods of acquisition, Exxon is taking a grassroots approach, focusing on a novel production method.
Big four Australian banks: Strong annual results amid rate hikes
November 13, 2023 20:52 - 1000 KB14 Nov 2023 - The ANZ Bank's 2022-23 annual results, announced on Monday with their solid bottom line and higher dividends, have capped off the best year in five years for our Big Four banks: Commonwealth, NAB, Westpac, and ANZ.
Origin offers special dividend
November 13, 2023 06:22 - 1000 KB13 Nov 2023 - Origin Energy has also offered shareholders a special dividend on approval of the merger scheme, which is to be voted on in 10 days' time.
Krakatoa's potential lithium find
November 13, 2023 05:51 - 1000 KB13 Nov 2023 - Krakatoa (ASX:KTA), a former gold producer, has announced a significant potential lithium discovery at King Tamba.
Meat prices stage a comeback
November 13, 2023 05:32 - 1000 KB13 Nov 2023 - Australian cattle and sheep producers are breathing a sigh of relief as meat prices stage a comeback after a challenging period of oversupply and plummeting values.
Stocks of the Hour: Infinity Lithium Corp, TG Metals, 4DMedical
November 13, 2023 00:42 - 1 minute - 1000 KB13 Nov 2023 - A snapshot of the stocks on the move, featuring Infinity Lithium Corporation (ASX:INF), TG Metals (ASX:TG6) and 4DMedical (ASX:4DX).
Elders shareholders brace for challenging year
November 13, 2023 00:28 - 1000 KB13 Nov 2023 - Elders (ASX:ELD) shareholders are bracing for a potentially challenging year ahead in 2023-24. The company has forecasted lower earnings and a reduced dividend.
Boral's earnings projection soars by 10%
November 13, 2023 00:14 - 1000 KB13 Nov 2023 - Shares in cement and building products group Boral surged by more than 7% early on Monday after the company surprised with a 10% increase in projected earnings for the 2023-24 financial year.
ANZ among biggest beneficiaries of rate rises
November 12, 2023 22:05 - 1000 KB13 Nov 2023 - ANZ has confirmed it is among the biggest beneficiaries of the RBA's 13 rate rises in the past 18 months with a record profit for the year to September.