March 11, 2024

Lake Resources (ASX:LKE) is seeking a rapid $20 million infusion just a week after announcing a second round of cost reductions to safeguard its prized Kachi lithium project in Argentina. Shares of Lake were placed on a trading halt before Friday’s market opening as the company disclosed its intention for a capital raising. On Monday, […]

The S&P 500 wavered on Monday as the rally that brought the major averages to record highs cooled off. Investors also looked ahead to fresh U.S. inflation data. The broad S&P 500 slipped 0.11 per cent to 5,117.94. The Nasdaq Composite slid 0.41 per cent to 16,019.27, as technology stocks struggled. Both saw their second

Japan’s stock market sold off steeply on Monday as investors assessed better economic growth data and concluded that it could see the end of the current super easy monetary policy stance from the Bank of Japan at its two meetings next week. The index was down more than 2.3% just after 1 pm Sydney time

In yet another display of stern resolve, the Chinese government is doubling down on its stance towards the beleaguered property sector, signaling a no-nonsense approach to tackling its woes head-on. Reports from western media outlets on Monday shed light on remarks made by China’s Housing Minister, Ni Hong, in which he unequivocally stated that property

Iron ore prices have taken a nosedive, plummeting nearly 5 per cent and inching towards the $US110 a tonne threshold, as China’s demand disappoints, leaving the market grappling with hefty inventories. The backbone of steel production has witnessed a steep decline of almost a quarter since its peak in early January, with China’s real estate

Monday marked a significant reversal for major banks following Friday’s surge, but the real concern for the local market emerged with a nearly 7% plummet in iron ore prices across Asia. This downturn triggered further declines in the shares of industry giants BHP, Rio Tinto, and Fortescue, compounding their losses from the previous week. Investor

The Australian sharemarket experienced its most significant sell-off in over a year, with the S&P/ASX 200 Index tumbling 1.8% from a record high, led by declines in the materials and energy sectors alongside profit-taking in banks. Weakness in iron ore prices contributed to losses in material stocks like BHP, Fortescue Metals, and Rio Tinto, while

China may have boosted iron ore imports to over 209 million tonnes for the first two months of this year. However, recent data confirms that weak demand from steel mills has led to a buildup of ore shipments at the country’s 45 ports. Alongside the 100 million tonnes imported in December, total imports reached nearly

The prospects for Panoramic Resources (ASX:PAN) and its beleaguered Savannah nickel, copper, gold mine have taken a significant hit with the recent appointment of receivers, adding to the company’s existing challenges following the earlier appointment of administrators. Receiver managers were appointed late last week, exacerbating the already precarious situation. Typically, the appointment of receiver managers

TASK Group Holdings (ASX:TSK) and PAR Technology Corporation (NYSE:PAR) have entered into a Scheme Implementation Agreement under which it is proposed that PAR will acquire 100% of TASK by way of a Scheme of Arrangement. TASK shareholders will have the ability to receive the Scheme consideration in cash or scrip by way of a mix