May 2024

Castillo Copper (ASX:CCZ) has announced plans are underway to fully develop the Big One deposit in the world-class Mt Isa Copper Belt. This comes after the reconciliation of highly prospective historical exploration findings, a recent revival of the copper market and bullish forecasts from leading investment banks. Shares are trading 20 per cent higher at […]

Australian shares opened slightly lower as investors awaited the federal budget and US inflation data, mirroring subdued Wall Street performance. Interest rate-sensitive sectors like tech and real estate declined by 0.5 per cent, with the budget projecting a $9.3 billion surplus for the current financial year but anticipating larger-than-expected deficits thereafter. At 11:30am, the S&P/ASX

Two days before its investor day on Wednesday, GUD (ASX:GUD) stated that its expected underlying earnings are on track, though its dominant automotive operation will fall a little short due to weakness across the Tasman and in some parts of the sector in Australia. The company appears to be battling similar headwinds to those encountered

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