August 29, 2023

The Nasdaq Composite climbed more than 1 per cent Tuesday, as investors flocked back to tech stocks in the final days of what’s been a difficult August for the market. The tech-heavy index gained 1.74 per cent to close at 13,943.76. The S&P 500 climbed 1.45 per cent to close at 4,497.63 — its best […]

Mineral Resources (ASX:MIN) witnessed a 7% upsurge in the value of its shares yesterday, attributed to a substantial dividend increase that counterbalanced a write-down in the valuation of select iron ore assets. The company reported a write-down that impacted its net profit after tax, while robust earnings from other segments, particularly lithium, contributed to buoyant

Red 5 (ASX:RED) has announced impressive achievements, including record production and revenue, along with a decreased loss for the fiscal year ending in June, as its King of the Hills (KOTH) gold mine in Western Australia continues to show progress. As previously detailed, the company achieved a record-breaking gold production of 165,544 ounces and gold

Noumi (ASX:NOU), the company behind MilkLab and a range of plant-based dairy products, formerly known as Freedom Foods, has shown promising progress with a sharp reduction in its annual loss for the year ending June 30. The company reported a loss of $46.9 million, reflecting the ongoing success of its turnaround strategy, implemented after a

Property prices are tumbling, major developers are in dire straits, and a significant financial conglomerate has missed interest payments, invoking memories of the 2008 financial crisis. While alarm bells are ringing about a potential systemic crisis in China, market signals are painting a contrasting picture. Historically, a crisis brewing in the financial sector is often

In a surprising turn of events, the commodity that should be bearing the brunt of China’s deepening property crisis is instead displaying remarkable strength. Iron ore recently reached its highest point in a month, defying the shadows cast by China’s debt-laden economy. Despite waves of disconcerting news from the real estate sector, which usually constitutes

NZ-based Fisher & Paykel Healthcare Corporation looks on track to make guidance for the six months to September and the full financial year ending March 2024 after delivering an update to the company’s annual meeting yesterday (Tuesday). And in doing so first half earnings could see a small rise on a year who when net

Shares of Adbri (ASX:ABC), formerly known as Adelaide and Brighton and headquartered in Adelaide, experienced a steep decline of more than 14% in value yesterday. This came as a surprise to some, considering the company’s solid performance in the first half of the year, despite its decision to omit an interim dividend. The half-year report

BlueScope Steel’s (ASX:BSL) concise three-paragraph statement to the ASX regarding a substantial $57.5 million fine in the Federal Court raises eyebrows. The company’s terse announcement attributed the penalty to “civil proceedings brought by the ACCC against BlueScope and one of its former employees.” The Court, in its decision, imposed a landmark $57.5 million penalty on

At the closing bell, the S&P/ASX 200 was 0.71 per cent higher at 7,210.5. The market is anticipating a speech from Michele Bullock, who is set to become the incoming Reserve Bank governor. This event is expected to impact market dynamics. Futures The Dow Jones futures are pointing to a rise of 40 points. The