March 20, 2024

Exxon Mobil says it has made a new oil and gas discovery in the prolific Stabroek block offshore Guyana which is the hottest prospect globally for the oil and gas industry. The Bluefin well is the company’s first announced discovery in the South American country this year and takes the number of discoveries in the […]

The US Federal Reserve continues to maintain that it will cut rates three time by the end of the year after leaving the Rederal Funds rate unchanged at its 23 year high at its March meeting. That’s despite a rise in its GDP growth forecast for the year, signalling to the markets that it is

US markets continued to rally with the S&P 500, Nasdaq and Dow Jones index all closing at new highs after the Fed reaffirmed its intention to cut rates at least 3 times this year. The S&P 500 closed up 0.9 per cent to finish above the 5,200 level for the first time. The Nasdaq Composite

New Zealand’s Fonterra Co-operative Group and its farmers and cows have had a great six months to the end of last December with a 23% lift in earnings.. The group said the reported profit after tax rose strongly to $NZ674 million, compared with $NZ546 million in the December, 2022 half year. Fonterra said it was

Companies discussed include: Corporate Travel Management Limited (ASX:CTD)Kogan.com (ASX:KGN)

At the closing bell, the S&P/ASX 200 was 0.1 per cent lower at 7,695.80. Futures The Dow Jones futures are pointing to a fall of 17 points.The S&P 500 futures are pointing to a fall of 6.25 points.The Nasdaq futures are pointing to a fall of 31.25 points.The SPI futures are down 10 points. Best

Damage caused by this week’s cyclone in the Gulf of Carpentaria has seen South32 (ASX:S32) withdraw its 20 June 2024 production guidance for its Australian manganese business on Groote Eylandt. South32’s statement to the ASX on Wednesday revealed it is the fourth major miner to be impacted by a late surge in the wet season

Ill-health has forced Amcor’s long time CEO, Ron Delia to retire. Amcor said in a statement on Wednesday that Delia had told the company last Saturday (March 16) of his intention to retire as soon as possible. He will remain CEO until mid April (April 15) and then stay on as an advisor until September

East African gold miner Perseus Mining (ASX:PRU) has lifted its mooted offer for OreCorp in a conditional off-market proposal revealed on Wednesday and snagged the support from two major shareholders in the target company. The two major shareholders, controlling more than 15% of OreCorp, say they will now accept the higher offer if it becomes

A telling contrast from the central banks of Japan and China – one put rates up, one left them at record lows – decisions that reflected the economic realities of both economies. The Bank of japan ended its negative rate regime and lifted rates for the first time in 17 years on Tuesday, and on