January 15, 2024

Rio Tinto has left its 2024 production targets unchanged since releasing them in December, with the key one – WA iron ore output estimated to be slightly higher than in 2023. The forecast rise – a few million tonnes – is not significant and for all intents and purposes guidance for this year is unchanged […]

European stocks closed lower Monday as US markets were closed for a holiday and investors in the region gear up for the World Economic Forum in Davos, Switzerland. The Stoxx 600 index closed down 0.5 per cent, with other major bourses and most sectors in negative territory. Household goods fell 1% as travel stocks climbed

Aus shares closed flat, while Santos’ NT gas project received the green light. Super Retail rallied on on a $2 billion sales update. At the closing bell, the S&P/ASX 200 was 0.03 per cent lower at 7,496.30.FuturesThe Dow Jones futures are pointing to a rise of 23 points.The S&P 500 futures are pointing to a

Retail giant Super Retail Group (ASX:SUL) is anticipating a somewhat subdued December half-year performance, revealing a modest ‘record’ sales achievement for the period on Monday. The company projects a record revenue of approximately $2.02 billion (unaudited), a marginal improvement from the $1.96 billion in the December 2022 half-year, attributed to higher prices. Despite an overall

Brisbane-based Cromwell Property Group (ASX:CMW) has disclosed another significant write-down in the value of its Australian property assets for the six months ending December 31, 2023. This revelation follows a larger impairment reported in June of the same year, affecting assets in both Australia and Poland. In a concise statement to the Australian Securities Exchange

In a significant legal victory for energy giant Santos (ASX:STO), the Federal Court has ruled in favour of the company, allowing it to proceed with the construction of a crucial undersea pipeline essential to its $US4.3 billion Barossa gas project. The decision came on Monday, overturning a previous court order that halted construction in November

The negative forces impacting the EV sector intensified last week, with Tesla unveiling another round of start-of-the-year price cuts in the fiercely competitive Chinese market. Meanwhile, Hertz, a major US car rental firm, announced it has commenced selling a significant portion of its electric vehicle fleet due to high maintenance costs. Notably, around 80% of

In 2023, China’s economy remained stagnant and grappled with deflation at both consumer and producer levels. The latest trade data showed a slight increase in exports and imports, but there were no signs of significant improvement. China’s National Bureau of Statistics (NBS) reported that consumer prices continued to decline for the third consecutive month in

Matsa Resources  (ASX:MAT) has announced that Matsa’s 2 applications for Special Prospecting Licences at Ratchaburi in western Thailand have been approved by Thailand’s Department of Primary Industry and Mines (DPIM). The 2 newly granted Ratchaburi tenements enable Matsa to advance exploration activities where the company has discovered the Spotted Panther lithium pegmatite prospect. The Ratchaburi

Australian shares are trading lower ahead of Wall Street being closed for Martin Luther King Day. The S&P/ASX 200 is 0.08 per cent lower at 7,492.30. The SPI futures are pointing to a rise of 1 point. Best and worst performers The best-performing sector is Energy, up 1.02 per cent. The worst-performing sector is Materials, down