In a dramatic announcement just after 5 p.m. Thursday, Tabcorp (ASX:TAH) announced that it and CEO Adam Rytenskild were parting ways after the company’s board became aware of “inappropriate and offensive language used by Mr. Rytenskild in the workplace.” The statement, issued at 5:12 p.m., said the board “considered the language to be inconsistent with […]
Tabcorp CEO resigns amid workplace language controversy Read More »
Shares in Arafura Rare Earths (ASX:ARU) surged more than 77% yesterday after it was confirmed the company will receive A$840 million in funding from the Australian government to create a combined mine and refinery for the key renewable minerals. Trading in the shares was halted ahead of the announcement with the shares at 14.75 cents.
Arafura Rare Earths obtains $840 million government funding boost Read More »
The Dow Jones Industrial Average fell Thursday and snapped a 3-day win streak after the release of hotter-than-expected U.S. inflation data sent Treasury yields higher, while Nvidia shares were under pressure. The 30-stock Dow pulled back 137.66 points, or 0.35 per cent, to close at 38,905.66. The Nasdaq Composite fell 0.3 per cent to 16,128.53,
Dow ends 3-day slump as PPI surpasses expectations Read More »
On Thursday, the Australian sharemarket slightly declined by 0.2 percent, driven primarily by a downturn in the financial sector, particularly among the major banks, offsetting gains in the mining sector sparked by a rally in copper prices following potential production cuts by Chinese smelters. The market’s slip mirrored similar falls in the S&P 500 and
ASX closes 0.2% lower: Financials is worst perfomer Read More »
Albemarle, the world’s largest producer of lithium for electric vehicle batteries, has decided to join rival Pilbara Minerals and start auctioning its supplies of Australian-sourced spodumene, a key raw material for lithium metal. Albemarle announced on Wednesday that it will commence auctioning off its key products on March 26, beginning with a 10,000-tonne parcel of
Albemarle joins spodumene auctions Read More »
To register for Friday’s webinar click here. PainChek (ASX:PCK), developer of the world’s first smart based pain assessment and monitoring application, has announced it has established a reseller agreement with Nourish Care, a leading UK care management software provider. The agreement has an initial 12-month term with an opportunity to renew by both parties and
Stocks of the Hour: PainChek, Chimeric Therapeutics, Torque Metals Read More »
Australian shares opened lower with a 0.2% decline in the S&P/ASX 200, attributed to a 1.1% drop in financials, driven by downgrades from Macquarie on the big four banks, while the materials sector rose by 1.5% due to rebounds in iron ore miners Rio Tinto, BHP, and Fortescue, following three-month lows earlier this week. At
ASX down 0.13% near noon: Financials is worst performing sector Read More »
