August 7, 2023

The Dow Jones Industrial Average rose Monday as investors kicked off a week with more corporate earnings. The blue-chip average added 407.51 points, or 1.16 per cent, to close at 35,473.13. It was the best day since June 15 for the Dow. The 30-stock index was helped by Amgen’s nearly 4 per cent rally. The

Oil held gains near $US83 a barrel as hostilities between Ukraine and Russia over the weekend, including an attack on a Russian vessel and the potential threat to commodity exports via the Black Sea, raised concerns about the flow of crude and grains, impacting global markets and leading to a sixth weekly gain and the

Liontown Resources (ASX:LTR) has secured extra funding to help it meet cost overruns on its “Kathleen Valley” mine in WA. The company revealed that it had obtained extra funding support of up to $300 million for the mine’s delivery. The money will come from a group of government finance agencies in Australia and South Korea

Restaurant Brands (ASX:RBD), the NZ-based fast food chain operating across the Pacific, issued a disappointing trading update, attributing weak sales growth and increasing costs for a significant decrease in expected earnings for 2023. According to the company’s announcement on both sides of the Tasman on Monday, net profit after tax for 2023 is now projected

Aged care homes specialist Estia Health (ASX:EHE) has entered into an agreement with Bain and Co for an $838 million takeover via a scheme of arrangement. Under the Bain proposal, Estia Health shareholders will receive $3.20 per share in cash, an increase from the original $3 per share offer made in March. The offer of

Lithium Australia (ASX:LIT) has announced a significant joint development agreement with leading ASX-listed mining company Mineral Resources Ltd (MinRes) related to their innovative lithium extraction technology, LieNA®. MinRes, with a market capitalisation of approximately A$13.6 billion, is known for its extensive mining operations in Western Australia, including lithium and iron ore. The agreement will see

Pilbara Minerals (ASX:PLS) have surged following the announcement of a substantial 36 per cent increase in total Resource tonnage and a 64 per cent increase in total Measured and Indicated Resource, enhancing overall resource confidence with 82 per cent of the Mineral Resource now classified as Measured and Indicated, making it one of the strongest

GUD (ASX:GUD) is set to become a pure-play automotive products company after the $65 million sale of its pumps company, Davey Water Products, to Sydney-based Waterco. Instead of future-proofing its water business, as the company seemed to be doing at one stage, GUD says the sale of the Davey business “crystallises GUD’s ambition to be

The lithium industry is bracing for a seismic shift as a Benchmark analysis reveals that a staggering $116 billion investment is needed by 2030 to fulfil the ambitious targets set by governments and major automakers. This substantial sum is more than double the $54 billion initially estimated and is critical to support the growing demand