July 2024

BP has increased its forecasts for oil and gas demand, signaling a slowdown in the transition to clean energy. In its annual outlook, the oil major highlighted that renewable power sources like wind and solar are not expanding quickly enough to meet the growing global energy demand. BP cautioned that delaying the transition to clean […]

The Stokes family’s Seven Group Holdings (ASX:SVW) has followed through on a commitment made in April during its takeover of the minorities in Boral, announcing a post-transaction dividend of 30 cents per share. Seven Group informed the ASX on Thursday that the fully franked final dividend would bring total dividends for the year ending June

The competition regulator, the ACCC, has launched Federal Court proceedings against The Good Guys Discount Warehouses (Australia) Pty Ltd for allegedly making false or misleading representations about their store credit and ‘StoreCash’ promotions, and failing to provide store credit to eligible consumers, in breach of the Australian Consumer Law. The commission alleges that the false

Paul Sanger: I’m Paul Sanger for the Finance News Network and today we’re talking with Elementos. Elementos trading under the ASX code ELT with a market capitalization of approximately 35 million is committed to the safe and environmentally-conscious exploration, development and production of its high-grade tin projects. Elementos owns two world-class tin projects with large

In the value chain race, Apple remained on top, with its value rising nearly 1.9% to a massive $US3.57 trillion, around $US100 billion ahead of Microsoft, whose value rose nearly 1.5% to around $US3.47 trillion. Nvidia brought up third with the best gain of the trio—nearly 2.7%—to $US3.32 trillion. Shares in Alphabet (Google) rose 1.15%

Big tech names surged higher leading the broader market to new record highs ahead of the highly anticipated inflation data due out tomorrow US time. The broad S&P 500 closed 1.02 per cent higher at a record 5,633, its seventh straight day of gains. The Nasdaq added 1.18 per cent to also set a new

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the Australian dollar. Key pointsAfter a soft patch since 2021, there is good reason to expect the $A to rise into next year: it’s undervalued; interest rate differentials look likely to shift in favour of Australia; sentiment towards the $A is negative;

The June inflation data from China presented mixed messages on Wednesday, as economic activity and the government’s ongoing support measures failed to gain real traction with consumers and depressed sectors of the economy. While consumer prices remained weak and eased last month, the deflation that has gripped the large production sector for more than 18

Companies discussed include: Johns Lyng Group (ASX:JLG)Macquarie Technology Group (ASX:MAQ)Rolls-Royce Holdings

The Reserve Bank of New Zealand has left its cash rate on hold at 5.50% but again hinted that a rate cut could be coming. It left a hint of a suggestion for some interest rate relief after its last meeting six weeks ago, and in the post-meeting statement on Wednesday, the hint became more