October 19, 2023

According to media reports this morning, Liontown Resources (ASX:LTR) is in some trouble with funding, as evidenced by discussions of “emergency” equity and debt raises. The Australian Financial Review reported today that “UBS began wall crossing fund managers for lithium developer Liontown Resources’ emergency capital raising on Wednesday evening, seeking $400 million from equity capital […]

The Australian Competition and Consumer Commission (ACCC) has scored a significant victory over Qantas (ASX:QAN) as the airline called off its $611 million takeover of the smaller rival fly-in, fly-out operator, Alliance Aviation Services. Qantas and Alliance had initially announced the deal in May 2022, following Qantas’s acquisition of a nearly 20% stake in Alliance

US 10-year bond yields came within a hair’s breadth of breaching the 5% level on Thursday, and gold futures prices moved closer to the $2,000 level after Fed Chair Jay Powell again underlined that the central bank would be “resolute” in its commitment to the 2% inflation target. In a widely anticipated speech, the Fed

Liontown Resources (ASX:LTR) has secured a $1.13 billion funding package to complete its flagship Kathleen Valley lithium project, following the collapse of a $6.6 billion deal with Albemarle, the world’s largest lithium group this week. Liontown announced on Thursday after trading had ended that the new funds would come via a debt financing package and

Stocks slid on Thursday as Wall Street parsed commentary from Federal Reserve Chair Jerome Powell while monitoring a key milestone for a closely followed bond yield. Powell noted that inflation was still too high and would likely require lower economic growth, while also noting recent data showed progress toward slowing prices. He also said that

Australia’s benchmark index had its worst one-day performance in four weeks on Thursday. This decline was attributed to rising tensions in the Middle East and an unexpected drop in the jobless rate for September, which raised concerns among investors. At the closing bell, the S&P/ASX 200 was 1.36 per cent lower at 6,981.60. Futures The

The ASX has experienced a significant drop of 1.69 per cent to 6,958.20. This decline is attributed to escalating tensions in the Middle East and an unexpected decrease in the jobless rate for September. The All Ordinaries index has also declined by 1.5 per cent. Notably, the unexpected fall in Australia’s jobless rate for September,