The OPEC+ oil alliance has blinked, delaying a planned easing of production cuts as global oil prices continue to slump. Confirmation of this decision caused oil prices to briefly reverse their downward trend on Thursday. US crude futures rose above $70 a barrel, but then fell back below that level later in the session and […]
Oil prices plunge as OPEC hesitates Read More »
US stocks struggled overnight as investors grew increasingly concerned about the health of the economy, particularly ahead of Friday’s crucial nonfarm payrolls report. The S&P 500 dipped 0.3 per cent, while the Dow Jones Industrial Average lost 0.54 per cent. The Nasdaq Composite managed a small gain of 0.25 per cent. Turning to the US
Mixed economic data fuels market volatility Read More »
With iron ore prices falling to near two-year lows on Thursday, the National Australia Bank (ASX:NAB) has updated its forecasts for commodity prices for the next year and beyond. Apart from gold, the outlook is particularly bleak, especially for iron ore and coking coal companies. October iron ore futures fell to just over US$90 a
NAB revises commodity forecasts Read More »
A significant drop in the price of shares in Coronado Global Resources (ASX:CRN) occurred on Thursday after the company announced it had reduced its full-year guidance due to issues at a key Queensland coking coal mine. Due to the lower mining rate and production, the company also warned that costs per tonne will rise, even
Coronado cuts full-year guidance Read More »
Optus and TPG (ASX:TPG) have received approval from the competition regulator, the ACCC, which should lead to improved mobile services across much of rural and regional Australia. The approval, announced on Thursday, allows Optus and TPG (which also owns Vodafone) to proceed with their regional network and spectrum sharing plans. TPG, in particular, is expected
ACCC approves Optus-TPG network sharing deal for regional Australia Read More »
Challenger (ASX:CGF) shares fell by more than 13% on Thursday after its largest shareholder, American investor Apollo Global Management, more than halved its stake in the Sydney-based investment group. The decline erased over half a billion dollars from the value of Challenger’s shares, as investors worried about the future of the relationship between Challenger and
Apollo Global Management halves stake in Challenger Read More »
Australian shares rise 0.4%, NextDC surges 10% amid speeding ticket, Santos names new CFO, while Woodside dips as sell signals align. Futures The Dow Jones futures are pointing to a fall of 12 points. The S&P 500 futures are pointing to a fall of 1.75 points. The Nasdaq futures are pointing to a fall of
ASX rises 0.4%: Tech closes 2.3% higher Read More »
Senetas Corporation Limited (ASX:SEN) CEO Andrew Wilson discusses the company’s results. Following the presentation, he is interviewed by Trim Capital Co-Founder Glen Wellham. Highlights include:Consolidated group operating revenue $31.2m (up 6.5 per cent)Strong growth in sales to customers of hardware productsConsolidated gross profit up 12.6 per cent to $27m, with gross margins up 4 percentage points
Senetas Corporation (ASX:SEN) FY2024 results Read More »
IVE Group Limited (ASX:IGL) Managing Director Matt Aitken discusses the company’s activities over the past year, touching on key metrics and projects, costs, integration of Ovato, sustainability initiatives, acquisitions of JacPak and Elastic Group, and Lasoo’s performance. Paul Sanger: I’m Paul Sanger for the Finance News Network, and today I’m talking with IVE Group (ASX:IGL).
IVE Group (ASX:IGL) FY24 results Read More »
To register for Friday’s webinar click here. Surefire Resources (ASX:SRN) announced highly anomalous copper and zinc assays from soil samples collected at its 100% owned Yidby East project in the mid-west of Western Australia. Results include numerous samples over 200 ppm Copper occur in the soil samples. Shares are trading 16.67 per cent higher at
Stocks of the Hour: Surefire Resources, Nova Minerals, Iltani Resources Read More »
