February 2024

It must have been ‘Bargain Monday’ at Metcash (ASX:MTS), with the country’s third-ranking listed retail group revealing a three-for-the-price-of-one deal. They announced three purchases in food and hardware, along with a $300 million placement to big shareholders. Metcash stated that it would acquire the private food services provider, Superior Food Group, for a total enterprise […]

Australian rare earth miner Lynas (ASX:LYC) has confirmed media reports that it has had confidential discussions with US-based rival MP Materials Corp regarding a potential transaction. Lynas confirmed the discussions in an early morning statement to the ASX on Monday but said the discussions are not ongoing. Lynas has a market capitalization of about $US3.55

Despite an 8.5% slide in net profit, Argo Investments (ASX:ARG) is holding its interim dividend at 16.5 cents a share. The Adelaide-based listed investment company (LIC) informed the ASX on Monday that the lower result stemmed from a decline in distributions from some of its major investments. It revealed it had sold out of its

Dotz Nano (ASX:DTZ) has secured up to $12 million in funding with the Mercer Street Global Opportunity Fund, a US-based investment fund managed by Mercer Street Capital Partners. The funds raised will be allocated primarily with respect to the acceleration of DotzEarth development programs, as well as repayment of unsecured loan and general working capital

The Australian dollar fell below the US65¢ mark, reaching US64.87¢, its lowest level since late November. This drop was influenced by a negative shift in the sentiment towards risk assets, leading to a decrease of US4¢ in the Australian dollar’s value since late last year.  On a different note, oil prices rose due to concerns

The S&P 500 notched a fresh record high on Friday as quarterly results from technology companies including Facebook-parent Meta topped expectations and the January jobs report came in much better than expected. The rise in tech stocks helped shift investor focus from a scorching jobs report earlier on Friday that spiked interest rates. The benchmark

No rate cut is anticipated from the US Federal Reserve following the robust January jobs report and substantial revisions to December’s figures. While no one is ruling out a rate cut this year just yet, more thoughtful US analysts are contemplating whether such a move would be likely if strong job and economic data, along

The Australian December half and full-year earnings season kicks off this week with several ASX 200 stocks set to reveal their figures. Property groups are leading the way, likely setting an unwanted tone of impairments and losses. A string of early results from these property companies will include Mirvac, Centuria Industrial, Charter Hall Long Wale,

A week before the start of China’s Lunar New Year break on February 10, the country’s stock market has experienced its worst performance in five years. Despite government support discussions for the market, property companies’ concerns overshadowed the market due to the Hong Kong court’s decision to order the liquidation of China Evergrande, the country’s

Last week, we witnessed more record-breaking moments in the US and Australian markets, while China faced an unwelcome five-year low, deepening its economic challenges. However, as the week drew to a close, the impressive US January jobs report, along with upgrades to November and December data, triggered an unexpected sell-off. Traders sent the share price