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Mineral Resources' $1.3b bond offering
September 27, 2023 05:58 - 1000 KB27 Sep 2023 - Five days ago, Perth-based Mineral Resources (ASX:MIN) issued a comprehensive update on its various mines and prospects in Western Australia, particularly in lithium and iron ore.
Star secures $1.2 billion in desperate bid to survive
September 27, 2023 02:15 - 1000 KB26 Sep 2023 - The embattled Sydney-based casino operator, Star (ASX:SGR), has successfully convinced investors to contribute hundreds of millions of dollars for the second time this year, in a desperate attempt to keep the business afloat.
Australian wine industry faces uncertain future amidst tariffs and changing markets
September 27, 2023 02:00 - 1000 KB27 Sep 2023 - The Australian wine industry, once a thriving sector and a major contributor to the nation's exports, finds itself in a state of upheaval due to punitive tariffs imposed by China and shifting global market dynamics.
Stocks of the Hour: Tamboran Resources, NOVONIX, ABx Group
September 27, 2023 01:13 - 1 minute - 1000 KB27 Sep 2023 - A snapshot of the stocks on the move, featuring Tamboran Resources (ASX:TBN), NOVONIX (ASX:NVX) and ABx Group (ASX:ABX).
Amazon faces major antitrust lawsuit in the US
September 26, 2023 22:29 - 1000 KB27 Sep 2023 - America's Federal Trade Commission (FTC) and 17 states are suing Amazon over allegations that the e-commerce giant abuses its marketplace dominance to inflate prices both on and off its platform, overcharge sellers, and stifle competition.
Nuclear not as clean as proponents claim
September 26, 2023 06:41 - 1000 KB26 Sep 2023 - The cleanup and rehabilitation of the Ranger uranium mine in the Northern Territory serve as a stark reminder that nuclear power is not as clean as its proponents claim. Similar to coal mining, uranium mining leaves significant holes in the ground. However, the cleanup and rehabilitation of uranium mines come with added complexities and costs, particularly the challenge of safely handling radioactive materials left behind.
Linius Technologies' dynamic journey to success & what lies ahead
September 26, 2023 02:10 - 1000 KB26 Sep 2023 - Linius Technologies (ASX:LNU) specialises in the development and commercialisation of SaaS solutions for video, particularly for the sports market. Linius Media Solutions is a portfolio of products that enables their customers to unlock the value of their vast video archives post-live, curating and publishing higher quality content, and enabling truly personalized and immersive viewing experiences for fans.
Stocks of the Hour: Lake Resources, Talon Energy, Actinogen Medical
September 26, 2023 01:45 - 1 minute - 1000 KB26 Sep 2023 - A snapshot of the stocks on the move, featuring Lake Resources (ASX:LKE), Talon Energy (ASX:TPD) and Actinogen Medical (ASX:ACW).
Air New Zealand faces challenges amid rising fuel prices
September 26, 2023 00:22 - 1000 KB26 Sep 2023 - Air New Zealand (ASX:AIZ) has joined its trans-Tasman rival, Qantas, in warning of the increasing pressures resulting from higher oil and fuel prices.
Czech group acquires majority stake in Coronado Global Resource
September 26, 2023 00:21 - 1000 KB26 Sep 2023 - Australian-US coking coal miner and exporter, Coronado Global Resources (ASX:CRN), welcomes a new major shareholder as America's Energy and Minerals Group (EMG) sells its 51% stake to a Czech private equity group.
Moody's warns of US debt rating risk
September 25, 2023 22:30 - 1000 KB26 Sep 2023 - As hard-right Republicans push the US government towards a shutdown on Sunday afternoon Sydney time, ratings agency Moody's has cracked, warning that its AAA rating on US debt is in danger of being removed.
Gina Rinehart boosts Liontown Resources stake to above 10%
September 25, 2023 22:25 - 1000 KB26 Sep 2023 - Gina Rinehart has raised her stake in Liontown Resources (ASX:LTR) to over 10%, a move that prevents Albemarle from proceeding with its $6.6 billion takeover offer through compulsory acquisition.
Chinese property shares shaken by Evergrande investigation
September 25, 2023 22:20 - 1000 KB26 Sep 2023 - Reports from China today indicate that "multiple current and former executives of China Evergrande Group and its subsidiaries" have become embroiled in a government investigation into the company's collapse, further unsettling Chinese property shares.
$217m vanadium merger
September 25, 2023 06:51 - 1000 KB25 Sep 2023 - Consolidation has kicked off in the vanadium sector, with two WA explorers agreeing to a $217 million all-paper merger. The merger is driven by the desire for single ownership of the same highly prospective orebody and the goal of both companies to gain more scale in the eyes of investors.
Pact Group shareholders face dilemma
September 25, 2023 06:32 - 1000 KB25 Sep 2023 - Minority shareholders in Melbourne-based packaging company Pact Group (ASX:PGH) find themselves at a crossroads in the face of a 68 cents per share cash buyout offer from the company's chairman and largest shareholder, Ralph Geminder. Just thirteen months ago, the share price stood at approximately $1.44, but with the recent buyout proposal, it has plummeted to 68 cents.
Chris Bowens' "distraction" demonstrates how Australia suffers from a lack of innovation
September 25, 2023 04:33 - 1000 KB25 Sep 2023 - Australia’s Climate Change Minister Chris Bowen has been crystal clear on his views of nuclear energy. His latest label; uttered multiple times on the ABC programme QandA earlier this week (and reinforced or at least repeated on the same programme by Allegra Spender) is that nuclear is “a distraction.”
Stocks of the Hour: Estrella Resources, BHP Group, Elixir Energy
November 18, 2022 01:10 - 2 minutes - 1000 KB18 Nov 2022 - A snapshot of the stocks on the move featuring Estrella Resources (ASX:ESR), BHP Group (ASX:BHP) and Elixir Energy (ASX:EXR).
Jobs strength makes Xmas rate hike a near certainty
November 17, 2022 20:50 - 1000 KB18 Nov 2022 - Yes, there will be December rate rise from the Reserve Bank – the much stronger than expected jobs data for October all but confirmed that 0.25% would be added to the cash rate at the bank’s next meeting.
Wings slightly up in September half for Webjet
November 17, 2022 20:47 - 1000 KB18 Nov 2022 - A modest return to profitability for online travel group Webjet (ASX:WEB) but no interim dividend for shareholders for the six months to September, as the company rode the return to the air by Australian travellers here and offshore.
Aust Ag ekes out earnings uptick
November 17, 2022 20:45 - 1000 KB18 Nov 2022 - No interim dividend for shareholders in the Australian Agricultural Company (ASX:AAC) despite a small improvement in earnings as the company wrung higher returns out of lower sales volumes.
ASX finally gives blockchain plans the flick
November 17, 2022 20:40 - 1000 KB18 Nov 2022 - The Australian Securities Exchange has delivered another slap in the face for all the urgers of the crypto world and its much vaunted – but, apparently, not very good – blockchain-distributed ledger system that was at the heart of the supposed new world for all things finance.
Stocks of the Hour: Antilles Gold, Mt Monger Resources, Sayona Mining
November 17, 2022 00:58 - 2 minutes - 1000 KB17 Nov 2022 - A snapshot of the stocks on the move featuring Antilles Gold (ASX:AAU), Mt Monger Resources (ASX:MTM) and Sayona Mining (ASX:SYA).
Market Murmurs: NUF, GNC, KMD
November 16, 2022 20:52 - 1000 KB17 Nov 2022 - Three pretty upbeat stories from companies reporting to the market on Wednesday, with Nufarm (ASX:NUF), Graincorp (ASX:GNC) and the erstwhile Kathmandu (ASX:KMD) all in good shape.
Aristocrat earnings Top $1bn for the first time
November 16, 2022 20:50 - 1000 KB17 Nov 2022 - Poker machine and gaming group Aristocrat Leisure (ASX:ALL) lifted returns to shareholders in the year to September after reporting a strong rise in revenues which saw net earnings top $1 billion for the first time.
BHP-OZ marriage back off the rocks
November 16, 2022 20:49 - 1000 KB17 Nov 2022 - OZ Minerals (ASX:OZL) and BHP (ASX:BHP) have resumed their marriage talks trying to find a dowry in the form of an offer price that will see the deal appeal both to shareholders and the market generally.
Stocks of the Hour: Bass Oil, Stealth Global Holdings, Archer Materials
November 16, 2022 01:00 - 1 minute - 1000 KB16 Nov 2022 - A snapshot of the stocks on the move featuring Bass Oil (ASX:BAS), Stealth Global Holdings (ASX:SGI) and Archer Materials (ASX:AXE).
Zero Covid, shrinking growth for China
November 15, 2022 20:55 - 1000 KB16 Nov 2022 - China’s economy slowed in October as industrial production, urban investment and especially retail sales sagged under the pressures of weak demand thanks to the continuing restrictions of President Xi Jinping’s Covid zero policy.
Buffett keeps 'em guessing with Taiwan acquisition
November 15, 2022 20:54 - 1000 KB16 Nov 2022 - Warren Buffett’s Berkshire Hathaway has stunned investors by revealing a shock $US4 billion investment in one of the world’s biggest computer chip makers, TSMC, or Taiwan Semiconductor Manufacturing Co – a purchase that puts the world’s most-followed investor directly on the frontline of rising tensions between China, Taiwan and the US.
Waggaman sale on the cards for Incitec
November 15, 2022 20:50 - 1000 KB16 Nov 2022 - Growing opposition from shareholders to a de-merger has forced Incitec Pivot (ASX:IPL) to delay the idea and look to asset sales as it reported a surge in revenue, earnings and a higher dividend.
Stocks of the Hour: MSL Solutions, Lycaon Resources, Victory Goldfields
November 15, 2022 01:20 - 2 minutes - 1000 KB15 Nov 2022 - A snapshot of the stocks on the move featuring MSL Solutions (ASX:MSL), Lycaon Resources (ASX: LYN) and Victory Goldfields (ASX:1VG).
Sky falls in on Nearmap ahead of bid vote
November 14, 2022 21:02 - 1000 KB15 Nov 2022 - Aerial imaging company Nearmap (ASX:NEA) revealed the worst possible news as it approaches a key takeover vote – it is looking down the barrel of a multimillion dollar revenue hit from two clients who are about to drop or cut back on the use of the company as a services supplier.
ALS performance holds up under close scrutiny
November 14, 2022 21:00 - 1000 KB15 Nov 2022 - For the second year in a row, global testing multinational ALS Ltd (ASX:ALQ) will pay a higher dividend to shareholders after another solid performance in the six months to September.
Factors conspire to rain on Elders' parade
November 14, 2022 20:58 - 1000 KB15 Nov 2022 - On the face of it the strong full year results and higher dividend should be an indication that rural services group Elders (ASX:ELD) enjoyed a very rewarding 2021-22.
OZ happy to talk about everything except BHP bid
November 14, 2022 20:55 - 1000 KB15 Nov 2022 - No new news on rumours of BHP’s (ASX:BHP) $25 per share marriage to OZ Minerals (ASX:OZL) on Monday, but there was an intriguing technical update about the latter’s newest mining project - the West Musgrave copper nickel development in far eastern WA.
Stocks of the Hour: Warrego Energy, Alpha HPA, Invictus Energy
November 14, 2022 01:05 - 2 minutes - 1000 KB14 Nov 2022 - A snapshot of the stocks on the move featuring Warrego Energy (ASX:WGO), Alpha HPA (ASX:A4N) and Invictus Energy (ASX:IVZ).
Musk caught fighting battles on both fronts
November 13, 2022 20:38 - 1000 KB14 Nov 2022 - As Elon Musk struggles to contain his growing losses at Twitter, Tesla’s struggles in China are raising questions about the revenue and earnings stability of the EV making giant.
Commodities corner: Bet your bottom dollar
November 13, 2022 20:36 - 1000 KB14 Nov 2022 - Watch commodity prices in coming weeks for a good understanding of the chances of the re-emerging bear market rally continuing.
Diary: The sound of one hand clapping
November 13, 2022 20:35 - 1000 KB14 Nov 2022 - After the past two BIG weeks for markets, can the next five days be any busier or louder? More importantly, can the upswing continue?
Monday market minutes: Go with the flow
November 13, 2022 20:25 - 1000 KB14 Nov 2022 - The big question is whether markets can 'go on with it' this week after Thursday's mega bounce and Friday's more restrained follow-up.
The underlying issues with SPACs
November 11, 2022 21:26 - 1000 KB12 Nov 2022 - Although they have been around for decades, SPACs – or Special Purpose Acquisition Companies – grew increasingly popular during the COVID-19 pandemic, with recorded SPAC initial public offerings (IPOs) jumping from 59 in 2019 to 613 in 2021.
Newcrest ready to dig deep at Telfer and Cadia
November 11, 2022 21:20 - 1000 KB12 Nov 2022 - Newcrest Mining (ASX:NCM) took two big decisions this week – at a cost of around $A1.5 billion with another $1 billion plus down the track – to assure its future and keep gold production above its 2-million-ounce annual production target.
China continues to be an either / ore proposition
November 11, 2022 21:10 - 1000 KB12 Nov 2022 - As we approach the end of 2022, it is clear that – contrary to all those stories from China in recent months about the dire position of the country’s steelmakers and their appetite for iron ore – to paraphrase Mark Twain, news of their demise has been greatly exaggerated.
Bear humbug as Christmas comes early to the markets
November 11, 2022 21:00 - 1000 KB12 Nov 2022 - The boom is back with Wall Street and global markets 'rescued' this week by the most unlikely of saviours: US CPI running at a near 40-year high of 7.7%.
Stocks of the Hour: EMVision, Venture Minerals, Trek Metals
November 11, 2022 00:00 - 2 minutes - 1000 KB11 Nov 2022 - A snapshot of the stocks on the move featuring EMVision (ASX:EMV), Venture Minerals (ASX:VMS) and Trek Metals (ASX:TKM).
Bridge Street Bites: SUN, SCG
November 10, 2022 20:56 - 1000 KB11 Nov 2022 - Suncorp Group (ASX:SUN) has reaffirmed its main 2022-23 guidance targets and says the big unknown, the sale of its regional bank, remains on track.
Market punishes Xero to the tune of 10%
November 10, 2022 20:54 - 1000 KB11 Nov 2022 - Investors punished accounting software multinational Xero (ASX:XRO) yesterday after it released mixed interim results which were topped by the surprise exit of its CEO Steve Vamos.
Turquoise minorities move set tto blow up in Rio's face
November 10, 2022 20:50 - 1000 KB11 Nov 2022 - Rio Tinto’s (ASX:RIO) attempts to take out the minorities in Canadian miner Turquoise Hill Resources is turning into a mess. So much so that Rio is in danger of botching its move to tidy up the ownership of a huge copper and gold mine in Mongolia and give it a direct 66% direct ownership stake.
This Origin story looks headed for a happy ending
November 10, 2022 20:46 - 1000 KB11 Nov 2022 - Shares in Origin Energy (ASX:ORG) jumped 40% at one stage yesterday after directors supported an $A18.4 billion non-binding buyout offer from a consortium led by Canada’s Brookfield Asset Management that will see the company split the company in two if it succeeds.
Stocks of the Hour: Invictus Energy, OD6 Metals, Predictive Discovery
November 10, 2022 01:10 - 3 minutes - 1000 KB10 Nov 2022 - A snapshot of the stocks on the move featuring Invictus Energy (ASX:IVZ), OD6 Metals (ASX:OD6) and Predictive Discovery (ASX:PDI).
Crypto a mess as Binance cans FTX bailout
November 09, 2022 23:15 - 1000 KB10 Nov 2022 - The second smashing in as many days for the crypto world today, with another major collapse on the cards after Binance backed out of its planned bailout of struggling FTX.