April 29, 2024

Will weak business earnings curb the results of the National Australia Bank (ASX:NAB) this week by adding to the existing pressure on its key measure, the net interest margin (NIM)? And will any weakness in the small and medium business lending sector show up as negatives in the results next week from ANZ and Westpac, […]

Chinese EV maker BYD posted higher profit in the three months to March despite the intensifying price war in China and a surge in investment in new technologies. The Warren Buffett-backed automaker’s net profit rose 11% year-on-year to 4.57 billion yuan ($US630.7 million) in the first quarter, it announced Monday night. BYD’s rise in earnings

Growing financial pressures from the loss of its huge Panamanian copper mine have led Canada’s First Quantum Minerals to decide to close its Ravensthorpe nickel mine in southwestern WA. The closure starts Wednesday, May 1, according to a statement on Monday from the company. Around 330 jobs will be lost due to the closure. The

Less than a week after revealing a near $US4 billion cash burn in the first three months of this year, embattled plane maker Boeing is raising $US10 billion in new debt. Market reports in the US say the company, in confirming the fundraising, acknowledged the credit rating cut by Moody’s last week (and now S&P

US markets continued to rise underpinned by strong earnings numbers. Results from the reporting season so far have seen over 80 per cent of US companies beating expectations. First-quarter earnings are now on track to increase by 4.7 per cent from a year ago. The S&P 500 rose 0.32 per cent, the Nasdaq Composite added

Australia’s stock market rebounded on Monday, recovering from a previous decline, amid uncertainty surrounding interest rates in both Australia and the US. This recovery, reflected in the S&P/ASX 200 index gaining 61.5 points, or 0.8%, to close at 7611.4 points, followed a sell-off triggered by concerns about rate cuts by the US Federal Reserve following

The uptake of medicinal cannabis products in Australia continues to boom, but most providers of the herbaceous material are not reaping the benefits because of oversupply, commoditised pricing and investor indifference. According to the Therapeutic Goods Administration (TGA), 633,307 patients were issued with medicinal cannabis prescriptions in 2023 via authorised doctors (the Authorised Prescriber Scheme).

Lanthanein Resources (ASX:LNR) has announced that new gold, copper and nickel soil anomalies have been identified in the recently completed soil sampling programme at Lady Grey Project in WA. The Company now looks to accelerate their work programmes and approvals processes to be drilling these targets by mid-year. Shares are trading 20 per cent higher

The Australian sharemarket surged at the opening bell, buoyed by a robust performance on Wall Street, with the S&P/ASX 200 rising 0.7% to 7632 within the first 10 minutes of trading, partially offsetting Friday’s 1.4% decline. The rally was attributed to Wall Street’s strong performance driven by impressive earnings from tech giants like Microsoft and

Embattled casino owner Star Entertainment (ASX:SGR) has again shuffled the deck chairs at the very top of the company, with under-fire executive chair David Foster exiting the position on Monday and existing director Anne Ward being named to replace him. Star said Foster will remain on the board as an interim measure. This is the