May 23, 2024

In a significant turn of events within Australia’s mining sector, Resources Minister Madeleine King and West Australian Premier Roger Cook have voiced strong criticism against BHP (ASX:BHP), one of the nation’s leading mining companies. Their discontent stems from BHP’s contemplation of either closing down or selling its Nickel West operation, a move that could potentially […]

While Chile’s SQM, the world’s second-biggest lithium player, has joined the list of companies in this key renewable metal to report a slump in sales revenues and weak to no earnings and losses for the three months to March 31, it is more upbeat about the rest of 2024 than the rotten results might suggest.

US stocks experienced a downturn on Thursday, marking the Dow Jones Industrial Average’s worst performance of 2024, as a post-earnings boost from Nvidia failed to uplift the broader market sentiment. The Dow declined 1.53 per cent, closing at 39,065.26 for its lowest session of the year. Boeing emerged as the biggest drag on the Dow,

The Australian stock market experienced a decline on Thursday, attributed to concerns raised by the latest US Federal Reserve meeting minutes regarding the pace of disinflation. This led to profit-taking in commodities. The S&P/ASX 200 closed 0.5% lower, tracking losses on Wall Street, as the Fed minutes suggested a willingness to tighten policy further if

Discount retailer The Reject Shop (ASX:TRS) is expecting a more than halving in earnings for the year ending June 30, despite reporting reasonable sales growth for the latest quarter and financial year to date. In an update to the ASX on Thursday, the retailer stated it expects full-year EBIT (Earnings Before Interest and Tax) and,

Accounting software multinational Xero (ASX:XRO) has reaped the benefits of the restructuring and management change a year or so ago and the new direction she brought to the group. CEO Sukhinder Singh Cassidy was named CEO in late 2022 and started in early 2023 with a dramatic set of changes for the company, which was

A four-cent unfranked dividend for shareholders in the ag chemicals business Nufarm (ASX:NUF), and the promise of a pickup in the current second half as it expects an upturn in its crop protection business. But that second-half pickup will still leave Nufarm’s earnings well short of 2022-23’s level. The company told the market on Thursday

To register for Friday’s webinar click here. Strategic Energy Resources (ASX:SER) has received firm commitments from institutional and sophisticated investors to raise gross proceeds of $2,000,000. The funds help to explore the Achilles 1 Polymetallic Prospect in the South Cobar Basin. Shares are trading 54.17 per cent higher at 1.85 cents. RareX (ASX:REE) acquires district-scale

Australian shares have decreased by 0.9% at 11:30am, in response to the Federal Reserve’s concerns over inflation, mirroring Wall Street’s decline. The Fed’s minutes indicated a potential for further tightening of monetary policy, leading to a drop in treasuries, oil prices, and gold, while BHP’s shares fell 3% due to rejection of its acquisition offer