September 26, 2024

Has China once again saved the global metal industry, the Australian economy, and the fortunes of people like Chris Ellison of Mineral Resources, along with the sagging renewables sector, especially lithium? That’s a significant question for traders to answer right now. However, after three days of surprise announcements from Chinese government officials and the country’s […]

Oil dived to a two-week low on Thursday after the Financial Times reported that Saudi Arabia was ready to abandon its $US100-a-barrel price target and increase production in a bid to reclaim market share. West Texas Intermediate crude fell 3.2% to $67.44 a barrel early Friday morning, Australian time, in New York, while Brent crude,

Up-to-date job vacancy figures from the Australian Bureau of Statistics (ABS) are another economic data point likely to frustrate the Reserve Bank in its considerations of inflation, demand, employment, and interest rates. The vacancy figures come a week after the August labour force data, which was much stronger than expected, showing only a slight sign

US stocks climbed overnight, with the S&P 500 reaching a new record following the release of encouraging U.S. economic data. The broad market index rose 0.40 per cent to 5,745.37, achieving both an all-time high during the session and a record close, driven by gains in Micron Technology. The Nasdaq Composite added 0.60 per cent,

QX Resources Limited (ASX:QXR) Managing Director Steve Promnitz discusses the company’s renegotiation of the option agreement for the Liberty Lithium Brine Project, which now allows for opportunities in two additional lithium projects in Nevada and Utah. He highlights the strategic importance of being positioned in the US lithium market amid growing demand for battery minerals.

To register for Friday’s webinar click here. QX Resources (ASX:QXR) and IG Lithium have restructured their Option Agreement for the Liberty Lithium Brine Project, lowering option payments and adding options for two other prospective lithium projects in the USA. QXR can now acquire a 25% interest in IGL, holder of the Liberty project, reducing its

At 11:45am, the S&P/ASX 200 is 0.56 per cent higher at 8,172 driven by a broad rally across all the sectors, led by consumer discretionary stocks. Notable gains included Wesfarmers, Aristocrat and JB Hi-Fi. This positive performance occurred despite a mostly lower finish on Wall Street, where the Dow Jones fell by 0.7 per cent

Pharmacy wholesaler and retailer Sigma Healthcare (ASX:SIG) says its significant drop in interim earnings is due to ongoing costs associated with the impending merger with retail chain Chemist Warehouse. Sigma told the ASX on Wednesday that net profit for the half-year ending July 31 plunged 67%, down to just $3.7 million on a statutory basis.

CSL (ASX:CSL) has announced that it has won a multi-million dollar contract from the US Department of Health and Human Services (HHS) to increase America’s stockpile of bird flu vaccines. CSL stated that the contract is worth US$121.4 million (AU$178 million) and will expand the reserve for this vaccine to 40 million doses. Under the

Haley Devine, the Director of Wealth Management for MaxCap Group, discusses why investors should consider adding an investment in commercial real estate debt to their portfolios. Peter Milios: I’m Peter Milios from the Finance News Network, and today we’re joined by Haley Devine, the Director of Capital Wealth Management at MaxCap Group, Australia’s leading commercial