Metals Acquisition’s lucky placement strike
Cobar copper miner Metals Acquisition (ASX:MAC) raised a little more than it planned in Wednesday’s placement.
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High gold prices cushion Regis’ financials
WA Gold miner Regis Resources (ASX:RRL) has joined what could be a growing trend – a weakness in output in the three months to September mitigated by record high prices for the metal.
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Chinese stocks plummet as stimulus hopes fade
Chinese stocks caught up with Hong Kong on Wednesday, falling sharply as the Chinese government’s attempts to convince the world that it was interested in stimulating a moribund economy failed for a second consecutive day.
Read MoreRio takes a shot at Arcadium
A halfway split would be one way of describing the takeover price Rio Tinto (ASX:RIO) will pay to take control of Arcadium (ASX:LTM).
Read MoreWaking the Kiwi economy
Having put the NZ economy to sleep, the country’s central bank is now trying to stop it sliding further into a freeze with a 0.5% cut in the official cash rate to back up the August trim of 0.25%.
Read MoreTurning Driftwood into LNG gold: Woodside expands in the US
Woodside Energy has a new name for its latest US LNG interest and is targeting a final investment decision some time next year for the Louisiana-located project.
Read MoreOlam’s bid unravels: LDC’s cotton conquest
One of the longest and noisiest takeover battles at the bottom end of the market has ended with French agri commodities giant Louis Dreyfus Company getting control of Namoi Cotton.
Read MoreNewmont sells Ghana gold asset
Newmont has made a second major asset sale in a couple of months as it continues to integrate last year’s Newcrest takeover.
Read MorePowering down prices in Chinese EV market
Figures released this week by the China Passenger Car Association paint a picture – Tesla’s price cuts and other measures are a tiny part of what is now a full-on price brawl.
Read MoreMetals Acquisition seeks $140m to reduce debt
Metals Acquisition (ASX:MAC), which owns the former Glencore copper mine in Cobar, western NSW, has gone to the market seeking around $140 million to help reduce its debt.
Read MoreNAB skeptical of commodity price rebound amid China’s stimulus measures
Economists at the National Australia Bank are not fully convinced by the rebound in commodity prices over the past fortnight since China announced a series of seemingly coordinated stimulus measures aimed at helping its struggling economy.
Read MoreInvestors left disappointed: China fails to deliver on stimulus promises
China demonstrated on Tuesday how to deflate an overzealous rally from both local and foreign investors who had tossed good sense aside over the weekend and Monday.
Read MoreQantas faces $100m penalty in “ghost flights” scandal
The Federal Court has confirmed a $100 million penalty in relation to its so-called "ghost flights" scandal.
Read MoreA tale of two miners: Capricorn stumbles while Emerald shines
WA gold miner Capricorn Metals (ASX:CMM) saw a sharp drop in quarterly production at its Karlawindi gold project in WA as it set up mining operations for the new quarter.
Read MoreWest African Resources stays golden after permit reassurances
Shares in gold miner West African Resources (ASX:WAF) jumped more than 10 per cent at one stage on Tuesday after it said its Burkina Faso mine would not be hit by a change in mining laws that emerged over the weekend.
Read MoreRay of hope for economic recovery
According to the latest monthly business survey from the National Australia Bank, the pace of economic activity improved in September, setting up what could be an improving end to the year.
Read MoreA haunting experience: Qantas faces $100m penalty for ghosting customers
The Federal Court has confirmed $100m in penalties over the so-called "ghost flights" scandal.
Read MoreElectric Vehicle Trade Battle
China is limbering up for a massive trade counterattack against the EU after its thriving electric vehicle market took a brutal hit following the European Union's decision to impose substantial additional taxes on all EVs made in China.
Read MoreRio Tinto in talks to buy Arcadium
Rio Tinto (ASX:RIO) wants to acquire the US-Australian-Argentinian lithium group Arcadium in a deal that could ignite consolidation across the struggling industry.
Read MoreAustralianSuper boosts Pilbara Minerals ownership
With Rio seemingly pursuing Arcadium, Australia’s largest investor, AustralianSuper, has moved to boost its shareholding in Pilbara Minerals.
Read MoreWeekly oil gains reach 8% as geopolitical conflicts intensify
Crude oil prices jumped again on Friday, bringing the weekly gain to around 8%. Oil has been pushed higher due to the intensifying conflict in the Middle East following Iran's response to Israeli attacks.
Read MoreChina’s gold reserves steady despite rising values
China has not made any gold purchases for the fifth consecutive month, as the surge in gold prices to new record highs has kept the world’s largest investor on the sidelines.
Read MoreYen-sational: Buffetts stake in Japan
One of Warren Buffett’s smartest plays has been to make bond issues in the Japanese yen market and then effectively hedge those proceeds by investing in the shares of the country’s five major trading houses — Mitsubishi, Mitsui, Itochu, Sumitomo and Marubeni.
Read MoreCar industry crisis deepens
The news from the car industry grows worse by the day. Not only have the three major German manufacturers—VW, BMW, and Mercedes—all confessed to the prospect of lower sales and profits, with China being a common factor along with weak demand in Europe, but the large U.S.-European automaker Stellantis seems to be facing deeper problems than this week's downgrade revealed.
Read MoreReturn to branch banking
Well, well, well, will our four major banks change tack now that American giants JPMorgan Chase and Bank of America are rediscovering branch banking—particularly in poorer areas of the country?
Read MoreSims reports cash proceeds lower than initial estimate
Sims Ltd says it has completed the sale of its UK Metals business—a deal that resembles an old-fashioned layby, judging by the terms of the sale outlined on Friday.
Read MoreTesla maintains EV lead despite sales dip
Even though its quarterly car sales fell short of expectations, Tesla managed to maintain its lead as the leading producer of pure electric vehicles powered by batteries.
Read MoreWestpac sells auto finance unit to Resimac
Westpac announced on Thursday that it will sell the remainder of its auto finance business to Australian non-bank lender Resimac, completing the bank's divestment of the unit following a partial sale in 2021.
Read MoreSeptember car sales down 12.4%
The new car market experienced a crunch in September, with sales slumping 12.4% to 97,020 units compared to the same month in 2023, and down around 1% from August.
Read MoreTeslas deliveries fall short of forecasts, shares dip
Tesla may have delivered 462,890 EVs in the three months leading up to last Sunday, but this fell short of forecasts, causing shares to drop by 6% at one point on Wednesday.
Read MoreHang Seng index rallies 6.2% as property sector soars
The Hong Kong share market surged to a 20-month high on Wednesday as the rally ignited by last week’s stimulus measures from Beijing continued to lift Chinese stocks. Can this momentum sustain big gains today and tomorrow?
Read MoreMore cuts on the cards for the ECB
The slipping pace of activity across the EU has already seen the European Central Bank cut rates twice this year. Now more cuts are on the cards after the flash inflation figure for September came in under the 2% target.
Read MoreCEO musical chairs
There’s been CEO changes revealed at two mid-tier ASX companies, with a surprising common factor.
Read MoreLeadership shuffle at CBA and JB Hi-Fi
Two top ASX companies have revealed significant changes in their senior leadership — both of which set up candidates for the top job down the track.
Read MoreJuice-ing up the market: A new blend of food giants
A new substantial listed Australian food group will be created from a complex deal involving SPC, The Original Juice Co (ASX:OJC) and the local powdered milk operations of a Singapore-based group.
Read MoreOil dependence: A risky future for Saudi Arabia
Saudi Arabia (and Russia for the moment) would be enjoying the hikes in world oil prices due to the deepening crisis between Israel, Lebanon, and the Palestinians. However, this joy will be temporary because forecasts released this week reveal rising pressures on spending and a worsening budget position.
Read MoreThe right move: REA’s withdrawal boosts shares
Shares in REA Group (ASX:REA) jumped more than 4% yesterday, taking the recovery in the past week to nearly 9% as investors realised the Murdoch-controlled real estate listings platform would not get hold of its UK peer, Rightmove, despite a series of sweetened offers.
Read MoreLDC weaves its way to Namoi control
An exciting day saw the meandering battle for control of Namoi Cotton, the country’s top cotton producer, end with a win to French group Louis Dreyfus Company.
Read MoreRetail therapy: Surprise sales surge
Now this is a bit of a surprise — Australian retail sales jumped sharply in August, but shoppers are supposed to have been put to sleep by high interest rates and pressure on household incomes.
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