May 13, 2024

In the third incident of its type in 11 months, Rio Tinto (ASX:RIO) has suffered a major incident with one of its autonomous iron ore trains in the Pilbara overnight Monday. Media reports say a train smashed into a set of stationary wagons about 80 kilometres from Karratha in WA’s Pilbara region early Tuesday morning. […]

BHP (ASX:BHP) has made a second attempt to buy Anglo American, offering a revised bid worth 34 billion pounds or $US42.7 billion — and Anglo immediately rejected it for a second time. Anglo said it received the new offer on May 7. (Why didn’t BHP inform the market of the new attempt?) It was rejecting

Investors remained cautious ahead of the release of producer price data late Tuesday and consumer price data late Wednesday. Both data points are seen as critical to the outlook for US interest rates. The Dow fell 0.21 per cent for its first negative close in eight trading sessions. The S&P 500 was essentially flat closing

Ahead of Tuesday’s federal budget, the Australian economy eased in April, with business conditions and confidence back around long-term readings, but retail still remains very weak. The monthly business survey from the National Australia Bank on Monday showed that while conditions eased back, business confidence had not moved from just under its long-term average, indicating

On Monday, the sharemarket closed with minimal change as gains in consumer stocks counterbalanced losses in energy, setting a cautious tone ahead of the federal budget that could influence the Reserve Bank’s stance on maintaining high interest rates amidst inflation concerns. Despite fluctuations, the S&P/ASX 200 index ended just one point higher at 7750, with

Bendigo and Adelaide Bank (ASX:BEN) has confirmed the appointment of Vicki Carter as the bank’s permanent chair, three weeks after David Foster stepped aside in the wake of his decision to stand down as chair of embattled casino owner Star Entertainment. Carter was named interim chair on April 17, succeeding Foster, who resigned from the

ARN Media (ASX:A1N) still harbors ambitions for control of Southern Cross Austereo (SCA), even though it lost its partner, private equity group Anchorage Capital, in its bid. ARN, whose major shareholders include News Corp and Seven West Media, confirmed the departure of Anchorage Capital Partners from the deal but indicated it was considering pursuing the

Ramelius (ASX:RMS) announced that it will now have a third million-ounce mine project at its Mt Magnet area of interest in WA’s midwestern goldfields. In an update filed with the ASX on Monday, the company stated that the Eridanus prospect “is set to become the third +1Moz mine in the Mt Magnet field, after Hill

The Australian sharemarket edged downwards, primarily driven by losses in financials, anticipating a federal budget presentation by Treasurer Jim Chalmers from the Labor government, expected to offer cost-of-living relief to households amidst a focus on maintaining high interest rates by the Reserve Bank in the fight against inflation, alongside a projected consecutive surplus. At 11:30am,

Paul Sanger: Hi, I’m Paul Sanger for the Finance News Network, and today we’re talking to Lithium Universe. Lithium Universe has the ASX code LU7, and a market cap of around 20 million. The company’s main objective is to establish itself as a prominent lithium project builder by Prioritizing Swift and successful development of lithium