Latest Company News - Finance News Network
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Precious metals surge, oil strong, iron ore weakens
April 07, 2024 21:42 - 1000 KB08 Apr 2024 - Gold reached a fresh record on Friday, despite the ascent of the US dollar and US treasury yields, buoyed by the American economy adding far more new jobs than expected last month. Middle East tensions over Gaza and Iran's retaliation vow following an attack on its embassy in Syria further fueled gold's rise.
Global economic highlights: Inflation, monetary policy, and corporate earnings
April 07, 2024 21:39 - 1000 KB08 Apr 2024 - Inflation in the US and China will dominate headlines this week, alongside the European Central Bank meeting, discussing Europe’s lower-than-expected inflation.
Tesla shifts focus from affordable EVs to 'robotaxis'
April 07, 2024 21:36 - 1000 KB08 Apr 2024 - Goodbye, Tesla, and Elon Musk's pioneering work on making EVs mainstream. According to a lengthy Reuters report, the company has dropped its plans to make a smaller and cheaper EV and will instead concentrate on the increasingly discredited idea of a 'robotaxi.'
ABS - exports at lowest level in four months
April 05, 2024 05:27 - 1000 KB05 Apr 2024 - The slide in iron ore prices and export volumes saw Australia’s goods surplus fall to a five-month low in February.
Ramelius Resources: Shining bright in the gold market surge
April 05, 2024 02:41 - 1000 KB05 Apr 2024 - Ramelius Resources shines in the gold market surge with record-breaking production and lowered costs, poised for strong financial growth.
Australia's Banking Sector Gets S&P Seal of Approval Post-Hayne Commission
April 05, 2024 02:34 - 1000 KB05 Apr 2024 - After the Hayne Royal Commission, S&P upgrades Australia's banking system, citing tougher regulations and improved financial strength, signaling global confidence.
Rio Tinto's annual share buyback battle
April 05, 2024 00:45 - 1000 KB05 Apr 2024 - Chinalco of China continues to challenge Rio Tinto's share buyback resolutions, nearing the Australian government's shareholding limit at the miner's London annual meeting.
Stocks of the Hour: Linius Technologies, Biotron, Elixir Energy
April 05, 2024 00:33 - 1 minute - 1000 KB05 Apr 2024 - A snapshot of the stocks on the move, featuring Linius Technologies Ltd (ASX:LNU), Biotron Limited (ASX:BIT) and Elixir Energy (ASX:EXR).
China relaxes policy on lending for new energy vehicles
April 04, 2024 21:58 - 1000 KB05 Apr 2024 - China has relaxed its policy on lending for personal-use new energy vehicles (NEVs) as part of an effort to stimulate consumption and from Thursday, new buyers will be able to buy without making a downpayment.
Gold rally finally takes a breather
April 04, 2024 21:31 - 1000 KB05 Apr 2024 - Gold fell for the first session in eight, copper nudged higher, oil rose and iron ore fell, again in what you would describe as a 'cliche' trading session - a bit of this, a bit of that and ignoring the continuing sell off in equities.
Australians don't want cash
April 04, 2024 05:58 - 1000 KB04 Apr 2024 - Australians don’t want cash, judging by the rise in contactless transactions across the country and the slow death of cheques.
Regis Resources' company-defining gold project
April 04, 2024 04:30 - 1000 KB04 Apr 2024 - On the face of it, this week’s announcement from Regis Resources (ASX:RRL) that it is cranking up its long-talked-about McPhillamys gold project in central western New South Wales (around Orange and Blaney) should be bullish.
OPEC
April 04, 2024 03:51 - 1000 KB04 Apr 2024 - Global production has been reduced by more than 5 million barrels a day since late 2022 when OPEC (really Saudi Arabia) moved to try and protect prices started in earnest.
February building approvals: Mixed trends in housing market
April 04, 2024 02:02 - 1000 KB04 Apr 2024 - Explore the latest trends in February's building approvals data, revealing a mixed picture in the housing market, with Queensland leading a decline despite rising private house approvals nationwide.
Iron ore prices weaken as China reintroduces steel production controls
April 04, 2024 01:40 - 1000 KB04 Apr 2024 - China's reintroduction of steel production controls are impacting iron ore prices. This move reflects a weak demand and causes economic concerns.
Stocks of the Hour: RooLife Group, Platina Resources, AuKing Mining
April 04, 2024 00:35 - 1 minute - 1000 KB04 Apr 2024 - A snapshot of the stocks on the move, featuring RooLife Group Ltd (ASX:RLG), Platina Resources (ASX:PGM) and AuKing Mining (ASX:AKN).
Suncorp accumulating cash
April 03, 2024 23:58 - 1000 KB04 Apr 2024 - Suncorp already has a gross $4.9b pencilled in to come from ANZ for getting approval to sell its bank, and now it is looking for another $300m-plus from the sale of its New Zealand life business Asteron.
Gold continues to defy gravity
April 03, 2024 22:41 - 1000 KB04 Apr 2024 - Continuous-contract gold futures rose by 1.3 per cent on Wednesday, reaching as high as US$2,312.50 per troy ounce, setting a new all-time high. This is its seventh consecutive day of gains.
Change of control at Paramount a strong possibility
April 03, 2024 21:53 - 1000 KB04 Apr 2024 - Control of Paramount Global, the current owner of the Ten TV Network in Australia, is looking at changing after the company’s shares leapt 15% late in Wednesday’s Wall Street trading session.
Gold smashes through US$2300 level to set new highs
April 03, 2024 21:50 - 1000 KB04 Apr 2024 - Another big session for gold with US futures smashing through the $US2,300 level, spot prices surging and all this happening despite another rise in US bond yields.
Disney prepares for proxy battle with activist shareholder
April 03, 2024 21:42 - 1000 KB04 Apr 2024 - How to waste tens of millions of dollars - have a proxy fight over board representation from an aggressive activist shareholder called Nelson Pelz (who is ‘only' worth around $US1.7 billion) and the veteran Disney chair and CEO, Bob Iger, who is in his second time at the top of the company Hollywood calls ‘The Mouse House”.
Missed guidance for Tesla's EV deliveries
April 03, 2024 06:16 - 1000 KB03 Apr 2024 - American analysts came up well short in their guidance for Tesla’s March quarter EV deliveries with 18 of them missing -- and by a mile -- the actual outcome.
The great Tesla EV fire sale?
April 03, 2024 06:07 - 1000 KB03 Apr 2024 - Coming to an X tweet close to you -- the great Tesla EV fire sale with price cuts that change by the hour (or even by the minute, perhaps)?
S&P rejects doom mongering
April 03, 2024 05:58 - 1000 KB03 Apr 2024 - So much for all the doom and gloom merchants going on about how the banks and other financial groups would be hurt by the rate rises from the Reserve Bank in its fight to control inflation -- with a rise in bad debts, especially for home loans, more impaired loans and other problems.
Westgold rained out
April 03, 2024 03:25 - 1000 KB03 Apr 2024 - Wet weather across much of WA in the first three months of the year has forced Westgold Resources (ASX:WGX) to cut its full year financial year 2024 production guidance by more than 10 per cent until it sorts out the impacts on mining and output of the repeated bouts of rain and wet roads.
BUBS Australia reaps benefits of US growth strategy
April 03, 2024 01:11 - 1000 KB03 Apr 2024 - Bubs Australia (ASX:BUB), a maker of goat milk infant formula, organic infant food and toddler snacks, has demonstrated remarkable revenue growth on the back of a resilient US consumer.
Bubs Australia reaps benefits of US growth strategy
April 03, 2024 01:11 - 1000 KB03 Apr 2024 - Bubs Australia (ASX:BUB), a maker of goat milk infant formula, organic infant food and toddler snacks, has demonstrated remarkable revenue growth on the back of a resilient US consumer.
Stocks of the Hour: Great Northern Minerals, Ionic Rare Earths
April 03, 2024 00:22 - 1 minute - 1000 KB03 Apr 2024 - A snapshot of the stocks on the move, featuring Great Northern Minerals (ASX:GNM) and Ionic Rare Earths (ASX:IXR).
Gold vs Bitcoin
April 03, 2024 00:08 - 1000 KB03 Apr 2024 - Gold prices have experienced an impressive surge this year, setting a record high. While stocks, bonds, and cryptocurrencies saw declines on Tuesday, gold continued its remarkable rally, marking its sixth consecutive day of gains.
Ramelius Resources abandons Karora takeover plans as gold output surges
April 02, 2024 23:57 - 1000 KB03 Apr 2024 - Ramelius Resources (ASX:RMS) sees record gold output in Q1, surpassing expectations. Decision to abandon Karora takeover plans disclosed amidst soaring revenues.
Gold and Oil continue their rally in the face of rising bond yields
April 02, 2024 22:03 - 1000 KB03 Apr 2024 - Worry about the Middle east and don’t bet on a rate cut this year emerged as the new market paradigms on Tuesday, if another day of rising gold and oil prices and Treasury bond yields are any guide.
Tesla March Qtr deliveries well below consensus
April 02, 2024 21:59 - 1000 KB03 Apr 2024 - American analysts came up well short in their guidance for Tesla’s March quarter EV deliveries with after 18 of them missing - and by a mile - the actual outcome.
HK property showing no signs of steadying
April 02, 2024 21:52 - 1000 KB03 Apr 2024 - There might be signs emerging in China of a steadying in the stricken property sector with more reports of government support to be wrapped up by June and major developers presenting lists covering hundreds of projects that could get government support through local administrations.
Gold Fields sticks to its 2024 output guidance
April 02, 2024 21:46 - 1000 KB03 Apr 2024 - Despite weaker than expected March quarter production, Gold Fields is sticking to its 2024 full year output guidance it boosted in February.
BHP completes sale to Whitehaven Coal
April 02, 2024 04:43 - 1000 KB02 Apr 2024 - BHP (ASX:BHP) and its partner, Mitsubishi Development, have completed the sale of their unwanted central Queensland coal mines at Daunia and Blackwater to Whitehaven Coal (ASX:WHC).
Return of doubts about Orora
April 02, 2024 01:07 - 1000 KB02 Apr 2024 - A weak trading update, especially for its expensive French buy in late 2023, has seen the return of investor doubts about packaging group (and Amcor spin off a decade ago) Orora Ltd.
Stocks of the Hour: Perenti, NOVONIX, 88 Energy
April 02, 2024 00:25 - 2 minutes - 1000 KB02 Apr 2024 - A snapshot of the stocks on the move, featuring Perenti (ASX:PRN), NOVONIX (ASX:NVX) and 88 Energy (ASX:88E).
BYD EV sales
April 01, 2024 23:01 - 1000 KB02 Apr 2024 - Chinese EV giant BYD sold and exported a total of 626,263 new energy vehicles in the first three months of this year -- the highest first quarter figure so far.
Gold vs bonds
April 01, 2024 23:00 - 1000 KB02 Apr 2024 - Gold bugs celebrated yet another record for the metal on Monday with the price rising sharply in early trading, before losing puff as US bond yields surged by the most in a month.
Harsh reality behind Trump Media's financials
April 01, 2024 22:48 - 1000 KB02 Apr 2024 - A solid dose of reality for Trump Media and Technology with the appallingly weak financials revealed for the key asset, Donald Trump’s Truth Social social media platform, which is a big blob of red ink and perhaps not viable.
Iron Ore prices swing wildy in Asian trading
April 01, 2024 21:20 - 1000 KB02 Apr 2024 - A volatile start to the second quarter for iron ore prices which swung sharply in trading across Asia on Monday.
Chinese manufacturing activity expands for the first time in 6 months
April 01, 2024 21:02 - 1000 KB02 Apr 2024 - More signs of renewed life in the Chinese and Japanese economies with the two surveys of business activity showing improvement in March.
Robust US data points raise questions over 2024 rate cuts
April 01, 2024 20:57 - 1000 KB02 Apr 2024 - Why do American economists, analysts and everyone else seem to think interest rates need to fall when it's clear that inflation - while a little resistant at the moment - is slowly cooling, the economy remains solid and growing, retailing sales and household spending are ticking over nicely, business investment is more than OK and the jobs market is likewise?
Chinese Govt talks up economy in the face of tough market conditions
April 01, 2024 20:50 - 1000 KB02 Apr 2024 - The irony couldn’t have been starker - there was China’s President Xi Jinping sweet talking a group of foreign CEO’s last week and while this was going on two major listings - of parts of Chinese-owned companies, were pulled.
Commodiities
March 31, 2024 15:16 - 1000 KB01 Apr 2024 - Gold futures closed at the second record high in as many days on Thursday ahead of the Easter break
Red ink from China property
March 31, 2024 15:15 - 1000 KB01 Apr 2024 - December 31 annual reports flooded out of Chinese companies last week, with weak results and red ink dominating the stricken property sector, amid more signs that the government bailout is well underway.
End of March quarter
March 31, 2024 15:11 - 1000 KB01 Apr 2024 - MSCI’s index of world stocks rose 7.7% in the three months to March as increasing optimism about US economy offset worries about slower interest rate cuts -- overlain by a frenetic FOMO about AI.
The gap in coal supply after the Baltimore bridge collapse
March 31, 2024 15:09 - 1000 KB01 Apr 2024 - The Baltimore bridge disaster has opened a brief opportunity for Australian coal exporters to fill a big gap in Indian coal imports -- especially coal needed by brick makers in the world’s most populous nation.
Swiftonomics
March 29, 2024 12:32 - 1000 KB28 Mar 2024 - Remember all those stories in January and February about how Taylor Swift could boost inflation and how the money spent on tickets and her merch would be a downer for retail sales in February?
BYD's growth prospects in 2024: Navigating slowdown amidst global expansion
March 28, 2024 01:23 - 1000 KB28 Mar 2024 - BYD's outlook for 2024 as the EV giant anticipates slower growth amidst fierce competition and global expansion efforts.