September 17, 2024

The consortium led by oil and gas producer Santos (ASX:STO) has finally blinked and divested part of its stake in the Bayu-Undan upstream project in favour of Timor-Leste’s state energy company. The news, announced in a statement on Tuesday, followed long, drawn-out negotiations. Some media reports claimed the Timor-Leste government had warned Santos it could […]

A near halving in earnings for New Hope Group (ASX:NHC) has led the coal exporter to slash its final and full-year dividends, reflecting a slump in global prices for thermal coal. The result was on par with similar outcomes from Yancoal Australia (for its June half), Whitehaven (full year), and smaller players. It was the

Coal miner New Hope (ASX:NHC) wants to buy Anglo American’s five coal mines in Queensland but is seeking a significant discount due to the fire damage at the Grosvenor underground operation. New Hope, which reported a sharp decline in revenue and earnings for the year to July on Tuesday, believes that the unknown cost of

Woodside Energy (ASX:WDS) continues to reinforce market sentiment that it is moving towards a “Life After Australia” in the US. The latest indication came during a major investor briefing held on Monday in New York, where it was clear the company is aiming for faster growth in the US than anywhere else. In the past

It’s a small club, as the Financial Review pointed out yesterday: only 25 of the country’s top 300 companies have a female CEO. One of the smallest listed companies, Adairs, has done better than the majority by appointing a female CEO. The appointment of former Country Road boss, Elle Roseby, as CEO is notable and

Ahead of tomorrow’s rate cut from the US Federal Reserve, global investors are excited about the first reduction in four years. The latest survey of global investors from the Bank of America shows a drop in cash holdings, a significant decrease in commodity interest, and generally more enthusiasm about the outlook. It’s as though many

The S&P 500 narrowly edged higher overnight, reaching a new all-time high as investors eagerly awaited the Federal Reserve’s interest rate decision. The broad market index closed up 0.03 per cent at 5,634.58, after touching a record intraday high of 5,670.81. The Dow Jones Industrial Average slipped slightly, down 15.9 points or 0.04 per cent,

At 11:40am, the S&P/ASX 200 is 0.23 per cent higher at 8,140.50. This comes amid expectations of a significant 50 basis point interest rate cut by the Federal Reserve later this week, with JPMorgan predicting the move and CME Futures data indicating a 67% probability. The Dow and equal-weight S&P 500 also hit record highs

To register for Friday’s webinar click here. Octava Minerals (ASX:OCT) has announced that exploration at Yallalong will focus on previously identified and partially drilled high grade antimony targets. Octava’s Managing Director Bevan Wakelam stated: ” It was noted that historic drilling for antimony had been carried out at the project and with ingot prices increasing

Like Apple and Nvidia, Microsoft is making too much money from its suite of tech products and software and will give more of it back to shareholders (instead of cutting prices for customers). Microsoft announced on Monday that its board has approved a new share buyback programme of up to $US60 billion (around $A89 billion)