October 4, 2023

The S&P/ASX 200 is trading 0.75 per cent lower at 6,891.30. Futures The SPI futures are down 41 points. Best and worst performers The best-performing sector is Utilities, up 0.57 per cent. The worst-performing sector is Communication Services, down 1.28 per cent. The best-performing large cap is Northern Star Resources (ASX:NST), trading 1.39 per cent […]

Twiggy Forrest’s Fortescue has confirmed its involvement as one of the lead investors in the US start-up Electric Hydrogen’s (EH2) Series C funding round. This funding round has catapulted EH2 into the exclusive club of unicorn startups in the green hydrogen industry, which is poised to revolutionise the energy sector. EH2’s Series C round saw

Short sellers who had bet against megacap technology stocks emerged as winners in September as a selloff in the sector unfolded. According to data from S3 Partners LLC, short sellers raked in an impressive $US50 billion ($79.3 billion) in paper profits last month, marking it as the most lucrative month for contrarian traders this year.

US electric vehicle sales are poised to hit a record-breaking 1.4 million units or more by December, following a remarkable surge in the first three quarters of 2023. During the first nine months of the year, EV sales saw a substantial 50.9% increase compared to the same period last year, driving the EV market share

New Zealand’s central bank is likely to maintain its current interest rates ahead of a general election, with all surveyed economists expecting no change at 5.5 percent. However, policymakers may emphasize the potential for future rate hikes to control inflation, signaling a continued cautious approach to monetary policy. The S&P/ASX 200 is currently trading 0.68

Noxopharm (ASX:NOX) announces that the US FDA has granted Orphan Drug Designation (ODD) status to Noxopharm’s CRO-67 preclinical drug candidate, for the treatment of pancreatic cancer. Noxopharm CEO Dr Gisela Mautner said, “our pancreatic cancer program is a high priority, and we are committed to progressing its development as quickly as possible. Further studies are