November 16, 2023

Chile’s SQM, the world’s second-largest lithium group, witnessed a more than 7% drop in its shares on Thursday, in line with the rest of the sector, as it reported significant declines in revenue, prices, and earnings for the three months ending in September. Like its competitors, including the US-based Albemarle, IGO, Mineral Resources, Livent, and […]

IGO (ASX:IGO) Chair, Mike Nossal, expressed his support for incoming CEO Ivan Vella after Rio Tinto’s recent dismissal of Vella for an alleged breach of confidentiality. Vella, who had spent two decades at Rio Tinto, was scheduled to join IGO in December to replace the late Peter Bradford. During the annual meeting, Nossal addressed the

The Dow Jones Industrial Average closed lower Thursday, as investors took a break from the rally seen this month. The 30-stock Dow slipped 45.74 points, or 0.13 per cent, to close at 34,945.47. The S&P 500 ticked higher by 0.12 per cent and ended the session at 4,508.24. The Nasdaq Composite inched up by 0.07

Findi Limited (ASX:FND) Chairman Nicholas Smedley discusses the details that its Indian subsidiary TSI has successfully raised $37.6m via a placement to leading Investment group, Piramal Alternatives. Paul Sanger: I am Paul Sanger for the Finance News Network. And today I’m talking with Findi Limited, (ASX:FND), and they have a market cap of around $40m. Findi

The global oil market has shifted into a state of contango, where future prices trade at a premium to spot prices. This change signals growing apprehensions about demand in 2024 and an oversupply issue. For the first time in four months, oil futures prices have entered contango, but this situation was short-lived, and the price

The Australian sharemarket experienced a late trading decline, despite a strong Wall Street rally, as investors reacted to local data revealing a substantial increase of 55,000 jobs in October, though the unemployment rate inched up from 3.6 per cent to 3.7 per cent. The S&P/ASX 200 is 0.65 per cent lower at 7,060. The SPI

Temporary jobs for The Voice referendum in October might have played a part, but that doesn’t fully explain the unexpected jump of 55,000 new jobs last month. This increase was more than six times the nearly 8,000 new jobs in September when that figure and a couple of other data points suggested the job market

Banks outperformed while mining companies faced challenges in paying dividends in the third quarter of 2023, according to the latest global dividend survey by Janus Henderson, a fund management firm. The survey revealed that the global dividend total for the largest 1,200 companies fell by 0.9% to $US421.9 billion in Q3. The dip led Janus