March 13, 2024

Peter Milios: I am Peter Milios from the Finance News Network, and today I am talking with Cynata Therapeutics. Cynata is a clinical stage stem cell and regenerative medicine company. Their ASX code is CYP and they have a market cap of around $35 million. Here to tell us more is Cynata’s CEO and the Managing […]

The federal government is backing another rare earths business, this time the Gina Rinehart-supported Arafura Rare Earths group (ASX:ARU), with its Nolans Northern Territory mine and refinery. Shares in Arafura were halted on Wednesday ahead of an expected announcement on a new debt funding package. This package, valued at a huge $840 million, comes from

On Wednesday, the S&P 500 pulled back from a record reached in the previous session, as Nvidia cooled off from its red-hot rally. The broad market index slipped 0.19 per cent to close at 5,165.31, while the Nasdaq Composite lost 0.54 per cent to 16,177.77. The Dow Jones Industrial Average added 37.83 points, or 0.1

Copper prices reached an eight-month peak on Wednesday following an agreement among Chinese smelters, who account for half of global copper processing, to collectively reduce production. China’s 18 major copper smelters convened in Beijing, announcing a symbolic reduction in loss-making production without specifying exact volumes or timing. Each smelter will independently determine the extent of

Property problems persist for China, despite President Xi Jinping’s efforts to resolve them. China Vanke, a major state-owned developer backed by the Shenzhen government, took the spotlight on Monday and Tuesday. Yesterday, attention turned to the troubled China Garden, which missed a coupon payment. Media reports revealed that the company missed an interest payment on

On Thursday, our major iron ore miners faced increased pressure as global prices remained under duress. During daytime trading, iron ore experienced further decline this week, with China’s economic outlook once again exerting influence as futures approached the critical $US100-a-tonne mark. The commodity plunged over 5% in Singapore at one point but managed to recover

Oil prices experienced a notable surge in response to two significant developments: a decline in US crude stockpiles and a drone attack on a major Russian refinery. West Texas Intermediate (WTI) crude oil saw a 2.8 percent increase, settling near $80 per barrel following the release of a government report revealing a 1.54 million-barrel reduction

Oil and gas tycoon Bryan Sheffield has significantly expanded his investment in the Australian gas sector, elevating his stake in the emerging gas player Empire Energy (ASX:EEG) to over 5% overnight. The move underscores Sheffield’s confidence in the potential of the Australian gas market, particularly in the Northern Territory’s Beetaloo Sub-basin, which has garnered increasing

Despite still-high (though easing) inflation, high interest rates, high house prices, and weak consumer spending and confidence, the globe’s corporations managed to rack up an all-time high in dividends in 2023. The quarterly survey of the globe’s top 1,200 listed companies in the Janus Henderson Global Dividend Index (JHGDI) showed corporate dividends globally hit an

Shares rose by 0.2 percent as investors monitored US inflation, interpreting it as not hindering the Federal Reserve’s potential interest rate cut by mid-2024. This increase mirrored Wall Street’s positive movement, with the S&P 500 reaching a record high of 5175 points and the Nasdaq index climbing to 16,265 points. Bond yields also rose in