July 2024

TMK Energy (ASX:TMK) announced that it has made several Board and Management changes to align individuals’ competencies and experience with the immediate and future direction of the Company. The changes will strengthen the Company’s focus on the delivery of its Gurvantes XXXV Project in Mongolia. Shares are trading 16.67 per cent higher at 0.35 cents. […]

The ASX 200 is slightly down by 0.1% near midday, with losses in major banks like National Australia Bank and Commonwealth Bank offsetting gains in energy stocks due to stable oil prices amid concerns over Hurricane Beryl. The broader market remains subdued, contrasting with gains in New York and a rebound in French stocks following

Shares in Anglo American ended down 2.4% in London after news broke that it had suspended production at the Grosvenor premium coking coal mine in central Queensland due to a fire that began Saturday morning and is still ongoing. At the same time, world coking coal prices leapt 5% in late trading in Singapore, the

US corporate profits are set to achieve their fastest growth rate in nearly three years, providing a substantial lift to the stock market as it approaches record levels in the latter half of the year. Analysts project a robust 9% increase in earnings for the June quarter compared to the same period last year, marking

US shares rose on Monday led by the Tech sector which pushed the Nasdaq to a new record ahead of this weeks 4th July holiday. The tech-heavy Nasdaq finished 0.83 per cent higher to finish at a record 17,879.30. The S&P 500 closed 0.27 per cent higher and the Dow Jones finished 0.13 per cent

Higher-than-expected inflation will take at least 12 months to approach the Reserve Bank of Australia’s (RBA) target, raising doubts about Treasurer Jim Chalmers’ optimistic forecast and complicating prospects for interest rate relief before the next federal election. A quarterly survey by The Australian Financial Review, polling 38 economists, reveals that the median expectation for underlying

Nvidia has emerged as a standout performer in the financial markets during the first half of 2024, with its stock soaring by an impressive 150%. This surge has notably outpaced the S&P 500 index, which saw a more modest 15% increase over the same period, according to a report by the Wall Street Journal. Examining

In a pivotal move for environmental conservation, a ban on Heavy Fuel Oil (HFO) has been implemented in Arctic waters, aiming to mitigate its profound ecological impact. HFO, a thick and economical fuel favored by many shipping vessels, is notorious for emitting significant amounts of black carbon, accelerating the melting of Arctic ice and snow.

On Monday, the Australian sharemarket initially declined slightly with the S&P/ASX 200 Index closing down 0.2% at 7750.7 points, as seven sectors recorded losses. The market recovered, driven by a surge in coal stocks following the suspension of Anglo American’s Queensland mine, boosting Coronado Global Resources by 8.9%, Whitehaven Coal by 6.3%, and Stanmore Resources

America’s eight banking giants revealed their capital management plans late Friday after the US Federal Reserve had cleared them in the latest stress test of the health of the country’s financial system. Higher dividends and buybacks were announced after the 4 pm close on Friday for Wall Street, as per a directive from the Fed.