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 […]
Federal Court rules in favour of Santos Read More »
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
Tesla’s challenges Read More »
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
No significant improvement for Chinese economy Read More »
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
Stocks of the Hour: Matsa Resources, BluGlass, Pilbara Minerals Read More »
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
ASX down 0.08%: Energy is leading sectors Read More »
15 Jan 2024 – A snapshot of the stocks on the move, featuring Matsa Resources (ASX:MAT), BluGlass (ASX:BLG) and Pilbara Minerals (ASX:PLS).
Stocks of the Hour: Matsa Resources, BluGlass, Pilbara Minerals Read More »
Microsoft reclaimed its position as the world’s most valuable publicly traded company on Friday, surpassing Apple at the market close. This marked a shift in their ongoing competition, as Microsoft previously held the top spot in market cap a decade ago and in 2018, 2019, and 2020. Despite a brief reign last year, Microsoft’s market
Microsoft overtakes Apple as worlds most valuable company Read More »
Crude prices experienced a notable upswing driven by heightened concerns over potential disruptions to the oil supply chain, following the vow of fierce retaliation by Yemen’s Houthi rebels against recent US and UK airstrikes. Additional strikes occurred over the weekend, intensifying market anxieties. US West Texas Intermediate (WTI) crude saw a significant uptick, rising by
Oil futures surge to a week-high amidst Yemen’s retaliation threats Read More »
U.S. markets observed a trading holiday on Monday due to the Martin Luther King public holiday, leading investors to exercise caution on Friday. Additionally, another round of air raids on Houthi rebels in Yemen by the U.S. over the weekend, although occurring when oil markets were closed, is expected to reverberate through global dealings outside
This week, we’ll witness key events, including US consumer spending and China’s release of its 2023 GDP data. In Australia, market attention will focus on job data, while Princess Mary’s ascent to Queen of Denmark holds more significance for Australians than the Davos talkfest. Market concerns persist over inflation and the Fed pivot, with a
Key data releases and market dynamics for the week ahead Read More »
