September 25, 2023

Reports from China today indicate that “multiple current and former executives of China Evergrande Group and its subsidiaries” have become embroiled in a government investigation into the company’s collapse, further unsettling Chinese property shares. The price of iron ore and leading developers’ share prices in Hong Kong fell, along with a 1.82% drop in the […]

Gina Rinehart has raised her stake in Liontown Resources (ASX:LTR) to over 10%, a move that prevents Albemarle from proceeding with its $6.6 billion takeover offer through compulsory acquisition. Compulsory acquisition occurs when a bidder attains 90% of the target company’s issued shares and can acquire the remaining shares forcibly. Hancock Prospecting, owned by Rinehart,

As hard-right Republicans push the US government towards a shutdown on Sunday afternoon Sydney time, ratings agency Moody’s has cracked, warning that its AAA rating on US debt is in danger of being removed. Moody’s is the last of the trio of major ratings groups with a AAA rating on US debt – S&P cut

The S&P 500 climbed on Monday to kick off the final week in September. The broader index rose 0.4 per cent to 4,337.44. The Nasdaq Composite closed higher by 0.45 per cent at 13,271.32. The Dow Jones Industrial Average added 43.04 points, or 0.13 per cent, to 34,006.88. All three major averages snapped four-day losing

Minority shareholders in Melbourne-based packaging company Pact Group (ASX:PGH) find themselves at a crossroads in the face of a 68 cents per share cash buyout offer from the company’s chairman and largest shareholder, Ralph Geminder. Just thirteen months ago, the share price stood at approximately $1.44, but with the recent buyout proposal, it has plummeted

The Australian sharemarket saw a midday rally in tech stocks that helped it recover from earlier losses in the materials sector, ultimately closing slightly higher. The ASX/S&P 200 ended the day up 0.1% at 7042.7, though it remained close to its lowest point since July 11. The All Ordinaries index also recorded a 0.1% gain.

Consolidation has kicked off in the vanadium sector, with two WA explorers agreeing to a $217 million all-paper merger. The merger is driven by the desire for single ownership of the same highly prospective orebody and the goal of both companies to gain more scale in the eyes of investors. On Monday, Australian Vanadium (ASX:AVL)

Vertical Events is the premier mining, resources and technology conference organising company in Australia. Since establishment in 1998, Vertical Events has organised and implemented some of the largest and most renowned conferences in the country. Wally Graham of Resources Roadhouse is back at the New World Metals Conference, speaking with Andy Tudor, Managing Director of