It was a rough day for iron ore companies on Wednesday. After the unsettling sale of $1.9 billion worth of Fortescue (ASX:FMG) shares, global prices dipped below the US$100 a tonne mark for the second time in a week. On the SGX trading platform, prices ended Tuesday at US$99.30 a tonne for 62% Fe fines, […]
Iron ore slumps again Read More »
Once again US job vacancies have confounded forecasts from economists and analysts who were looking for a slide in the number of openings. Yes they did dip – by 46,000 to 8.184 million, still well above the 6.811 million people listed as unemployed in June. But the US Bureau of Labor Statistics said the June
US job market still hot Read More »
Wealthy families and individuals concerned about US government debt levels likely drove a record surge in gold demand during the second quarter, according to an industry report, pushing the price to all-time highs this year. Private purchases of gold surged to 329 tonnes from April to June, nearly five times higher than the previous quarter,
IGO (ASX:IGO), the Perth-based lithium and waning nickel miner, is intensifying its strategy revamp ahead of its reveal in late August. The company indicated in its June 30 quarter and annual production and sales report on Tuesday that more job cuts are coming, on top of those already made this year, especially in the weak
IGO overhauls for lithium focus Read More »
African-focused gold miner, Perseus (ASX:PRU), is looking for another solid year after seeing gold production top half a million ounces for the year to June, with revenues likely to be well over US$1.3 billion. The company anticipates a repeat of the 2023-24 performance in the new 2024-25 financial year, based on upbeat forecasts issued with
Perseus delivers strong results, eyes another record year Read More »
The stock market reaction (after hours, it must be said) to Microsoft’s quarterly results, with higher revenue and earnings, should make you wonder if you’ve wandered into the stock market version of Alice Through the Looking Glass. The company’s shares fell almost 6% after hours (after easing 0.9% in regular trading ahead of the results
Microsoft’s strong results ignored Read More »
The Nasdaq was the worst performing index as investors prepared for quarterly results from the big tech names. The Nasdaq pulled back 1.28 per cent for the day and the S&P 500 lost 0.5 per cent. The Dow Jones bucked the trend to finish 0.5 per cent higher. The small cap Russell 2000 continued its
Tech stocks pull back ahead of key earnings releases Read More »
Immutep Limited (ASX:IMM) CEO and Executive Director Marc Voigt discusses Phase III design for a trial in non-small cell lung cancer, positive results in head and neck cancer, and clearance for a Phase I study in autoimmune diseases. Manny Anton: Hello. I’m Manny Anton for the Finance News Network, and today we’re talking to Immutep.
As we reported two weeks ago, BHP (ASX:BHP) has gone ahead with a deal with Canada’s Lundin Mining to take control of two South American copper projects. The two companies will jointly take over developer Filo Corp for C$4.5 billion (US$3.25 billion), via the Canadian version of Australia’s scheme of arrangement. BHP and Lundin will
BHP snaps up South American copper projects Read More »
Australian shares experienced a downturn on Tuesday, primarily driven by a significant sell-off in the mining sector. The benchmark S&P/ASX 200 Index closed 0.5% lower, with eight of its eleven sectors finishing in negative territory. The materials sector bore the brunt of the decline, shedding 1.9%, as mining giants like BHP and Fortescue Metals encountered
ASX closes 0.5% lower: Investors brace for data flood Read More »
