August 24, 2023

Qantas has unveiled a remarkable pre-tax profit of $2.5 billion, setting a new record for CEO Alan Joyce’s final year at the helm of Australia’s largest airline. Following a significant recovery from a $860 million loss in 2021-22, the airline’s after-tax earnings surged to $1.74 billion, also marking a historic achievement. The anticipation of such […]

An anticipated accounting cleanup has resulted in South32 (ASX:S32) reporting a loss for the fiscal year ending on June 30. However, despite this loss, shareholders are set to receive a reduced dividend along with an additional $US50 million through the ongoing buyback program. The annual net loss for South32 was primarily influenced by a $US1.3-billion

Black Mountain Energy (ASX:BME) has sold its Half Moon Prospect for A$10.7m to Tap Rock Resources III. Commenting on this announcement, Executive Chairman Rhett Bennett, said: “Funds will be used to progress the Company’s flagship project in the Canning Basin, which has the potential to be an incredibly large resource.” Shares are trading 33.33 per

Oil prices experienced a fourth consecutive day of decline due to a positive shift in supply prospects, impacting a market dealing with weak demand from major importers. The price of West Texas Intermediate hovered around $79 per barrel following a 1.8% decrease in the previous day’s trading. The Biden administration is engaged in discussions with

Benefitting from a resurgent travel industry and ongoing government support, Air New Zealand (ASX:AIZ)has reported a profit and special dividend for the fiscal year ending in June. This marks the airline’s return to profitability and its first dividend distribution in three years. The travel boom, coupled with decreased fuel prices, enabled the airline to post

The EV industry, with its eyes set on a trillion-dollar market value, is racing against time to replace the century-old internal combustion engines (ICE) that have long dominated the roads. As the demand for EVs skyrockets, the focus has shifted towards building the necessary infrastructure. However, one crucial component—graphite—has taken the backseat in the EV

As the American retail sector faces mixed and weaker quarterly results, AI chip giant Nvidia emerges as a strong player, sending Wall Street abuzz. Nvidia surpassed earnings estimates and provided a more positive-than-expected forecast for the third quarter, leading to an almost 9% surge in its shares after hours. This followed a 3.1% rise in