BHP’s (ASX:BHP) decline weighs on shares, while traders anticipate no interest rate cuts in 2024 due to Australian inflation surpassing expectations, causing Australian bond yields to rise significantly and prompting a notable decrease in the S&P/ASX 200 index, particularly impacting interest rate-sensitive sectors such as real estate, financials, and technology. At 11:30am, the S&P/ASX 200 […]
ASX down 1.22% near noon: BHP tumbles 4.5% Read More »
Brazilian iron ore and base metal giant Vale saw net earnings slip 9% in the three months to March 31. The company reported net income attributable to shareholders of $US1.67 billion for the quarter, down from $US1.83 billion in the same quarter of 2023. That was on a small rise in revenue for the period
Vale’s net earnings down 9% Read More »
Tamboran Resources (ASX:TBN) has announced that the Shenandoah South 1H (SS-1H) well in EP 117 achieved an average 90-day initial production flow rate of 2.9 million cubic feet per day. The flow test at the well indicates that future development wells with lateral lengths of 10,000 feet may be capable of delivering average rates of
Stocks of the Hour: Tamboran Resources, Recce Pharmaceuticals, Cooper Metals Read More »
It’s no wonder Gold Road Resources (ASX:GOR) bailed on a move to buy an interest in the Canadian gold miner Greenstone. Gold Resources pulled the plug late Tuesday on the deal. On Wednesday, Equinox Gold announced it is buying partner Orion Mine Finance’s 40% stake in their new Greenstone gold mine in Ontario for $US995
Gold Road Resources backs out of Greenstone deal Read More »
Boeing lost hundreds of millions of dollars and used up $US3.9 billion in cash in the March quarter. Revenue fell nearly 8% from a year ago as the company continues to struggle to overcome ongoing problems in its core business – commercial aircraft. The company revealed revenue fell 7.5%, to $US16.57 billion, on Wednesday. Hours
Boeing’s struggles: Losses, downgrades, and liquidity worries Read More »
