July 4, 2024

The European Union will start imposing provisional countervailing duties on imports of electric vehicles (EVs) from China today, July 5, while negotiations with China continue for a more permanent arrangement. “Today, nine months after the initiation of an ex officio anti-subsidy investigation, the European Commission (EC) has imposed provisional countervailing duties on imports of battery […]

European markets closed higher as the US market was closed for the Independence Day Holiday and the UK headed to the polls. The Stoxx 600 index closed up 0.6 per cent higher. Banks rose 1.3 per cent to lead the gains with most sectors and major bourses trading in positive territory. The UK’s FTSE 100

Australia’s plan to halve the number of net migrants entering the country may not be enough to curb still-rising inflation, economists say. Several respondents in The Australian Financial Review’s quarterly economist survey indicated that any efforts to curb migration would help relieve high rental prices and ease pressure on the labor market. However, inflation is

Recent rumours swirling around Santos (ASX:STO) suggest a potential takeover bid by Middle Eastern giants Saudi Aramco and Abu Dhabi National Oil Co (Adnoc). However, market analysts remain sceptical about the likelihood of such a deal materialising, despite ongoing talks with third parties regarding asset sales aimed at unlocking shareholder value. Earlier this year, Santos

To register for Friday’s webinar click here. Arafura Rare Earths (ASX:ARU) announced the German Government inter-ministerial committee (IMC) has issued conditional approval for up to US$115 million in Untied Loan Guarantees from Euler Hermes over a 10-year tenor. The funds will help aid the Nolans Project. Shares are trading 8.33 per cent higher at 19.5

At 11:35am, the S&P/ASX 200 is 1.08 per cent higher at 7,823.40, buoyed by a strong performance in New York ahead of the July 4 holiday. Santos saw rise amidst reports of interest from Saudi Aramco and Abu Dhabi National Oil Co in acquiring the company, highlighting potential hurdles including regulatory approvals and corporate strategy

Alkane Resources (ASX:ALK) has confirmed that its Tomingley Gold Mine in central western NSW met its reduced guidance estimate for the 2023-24 financial year after a slower-than-predicted expansion ramp-up in the final quarter of the year. The company also announced a higher guidance target for the year ending June 2025. Alkane reported that Tomingley delivered

Lendlease’s (ASX:LLC) $1.3 billion “get out of jail” sale of its master-planned retirement villages to a joint venture between Stockland and Supalai is in trouble with the competition regulator. The ACCC has raised concerns about the deal. The sale, along with the sale earlier this week of Lendlease’s US military housing business, was intended to

Universal Hydrogen, a start-up focused on hydrogen-powered aviation and backed by Fortescue (ASX:FMG), has shut down after depleting nearly $150 million in investor funds. Despite the company’s achievements, including a successful test flight of a hydrogen fuel cell-powered plane last year, it struggled to secure additional funding in a tough venture capital market. The California-based