March 2024

Australian shares declined by 1.1% early in the trading session, mirroring losses in New York, as concerns over US inflation data suggested a cautious approach by the Federal Reserve towards rate cuts. Energy stocks were the sole gainers following a surge in oil prices, with Woodside seeing a modest increase. However, major banks experienced a […]

Winston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector. Paul Sanger: Good morning and welcome to this week’s edition of Winston’s Weekly, covering all things property. I’m Paul Sanger, your host for today’s property chat. Winston, welcome back. Winston Sammut: Thank you. Paul Sanger: Now, Winston, let’s

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

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.

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,

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

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

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

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

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