November 23, 2023

The revised bid structure from Brookfield and EIG for Origin Energy (ASX:ORG) appears to be in jeopardy, based on market sentiment and reactions from key stakeholders. Australian Super’s rejection of the new proposed offer and the lukewarm response from the Origin board have cast doubts on its approval at the upcoming shareholders’ meeting on December […]

For the third time this year, the Chinese government is raising concerns about soaring iron ore prices, attributing them to speculation. On Thursday, the country’s primary economic planning body, the National Development and Reform Commission (NDRC), issued stern warnings. The NDRC announced its intent to closely monitor iron ore market fluctuations and enhance supervision of

European stocks closed slightly higher on Thursday as investors continue to seek direction with US markets closed. The pan-European Stoxx 600 index closed up 0.3 per cent. Oil and gas stocks pulled ahead with a 1.4 per cent gain despite the continued fall in oil prices after OPEC delayed its policy-setting meeting. The organisation of

In November, Australian manufacturing activity continued to decline, with the flash composite output index dropping to 46.4, marking its lowest level in eight years, excluding pandemic lockdowns. However, experts believe that this indicates a soft landing for the economy rather than a hard one, aligning with the Reserve Bank of Australia’s expectations. At the closing

Trading in Origin Energy (ASX:ORG) shares has been halted after Canada’s Brookfield and EIG Partners of the US, the company’s suitors, introduced a new bid structure to address the imminent defeat of their second offer at an Origin shareholders’ meeting in Sydney. The meeting will be paused to allow shareholders to receive the new bid.

Today’s theme is all about the fall in energy stocks due to the falling price of crude oil. The falling prices are a result of disagreements within OPEC+ causing a delay in their meeting, diminishing prospects of production cuts by the Saudi-led alliance. Concurrently, US data showed an uptick in oil stockpiles. The S&P/ASX 200

Chariot Corporation (ASX:CC9) witnessed a remarkable 35% increase in its share price yesterday, closing at 70 cents with $700,000 in stock trading volume. And the positive results have been continuing today, currently trading above 6% higher at 74.5c (2:00pm AEDT). CC9 listed on the ASX in late October, and while no new developments have been

The Origin Energy (ASX:ORG) board decided to postpone Thursday’s shareholder meeting, originally scheduled to vote on the $20 billion offer from Canada’s Brookfield and EIG of the US. In a statement to the ASX at midday on Thursday, Origin revealed that the $9.43 (originally $9.53) per share offer from the partners would likely have been

Uranium prices have experienced a significant uptick, crossing the $80 per pound threshold, a level not observed in over 15 years. This surge in uranium prices can be attributed to a combination of factors, including a renewed interest in nuclear power and various supply disruptions in the global uranium market. Nymex futures, which track physical-market