CATL’s decision to suspend lithium production in Jiangxi has sent shares of major lithium producers soaring, following a prolonged price slump caused by overcapacity in the sector. In a research note released today, UBS analyst Sky Han and his team confirmed that CATL has decided to halt operations at its Jiangxi lithium facility. “This isn’t […]
CATL halts lithium production Read More »
Nicholas Chaplin, Director & Portfolio Manager of Seed Funds Management, critiques APRA’s proposal to phase out Additional Tier 1 (AT1) bonds, suggesting it could undermine the stability of Australian banks and leave retail investors exposed. Topics discussed include:APRA’s proposalCurrent issues with AT1 instrumentsThe Australian contextTransition timelineImpact on banks, large and smallImpact on banking stabilityImpact on
APRA proposes major changes to the future of bank capital structures Read More »
US stocks rallied on Wednesday after a volatile session, as investors analysed the latest US inflation data and its potential impact on Federal Reserve policy. The S&P 500 rose 1.07 per cent to close at 5,554.13. It was the first time since October 2022 that the broad index had dropped more than 1 per cent
US stocks rally after volatile session Read More »
Linius Technologies Limited (ASX:LNU) CEO James Brennan discusses the company’s recent capital raise, partnerships with Prime Focus, Magnify and Avid, and the launch of Captivate, a platform that enables broadcasters to offer personalised video content and compete with social media giants like TikTok and YouTube. Paul Sanger: I’m Paul Sanger for the Finance News Network,
Unlocking the value of video: Linius discusses $3m capital raise and new product launch Read More »
To register for Friday’s webinar click here. DroneShield Ltd (ASX:DRO) has announced it has received a repeat order of $3.1 million from a U.S. Government customer for a number of its counterdrone (C-UxS) systems. The delivery is expected to be complete this month, using available stock on hand, with payment in the December quarter. Shares
Stocks of the Hour: DroneShield, Genetic Technologies, Cauldron Energy Read More »
In the midst of a volatile yen crisis, a global carry trade sell-off, and anticipation surrounding the Jackson Hole symposium, global physically-backed gold ETFs continued to show confidence in the precious metal during August, adding another US$2.1 billion in inflows. This marked the fourth consecutive month of positive inflows, with Western funds standing out, according
August gold ETF inflows hit record as markets wobble Read More »
The much-anticipated wave of gold sector consolidation is finally gathering momentum. While some notable deals, such as Newmont’s $19 billion bid for Newcrest last year, have made headlines, mergers and acquisitions in the gold space have been relatively sporadic. However, AngloGold Ashanti’s recent £1.9 billion bid for UK-listed Centamin signals that pressure for consolidation is
AngloGold’s bid signals new wave of gold sector mergers Read More »
Newmont Mining (ASX:NEM) has taken a significant step in its strategy to divest non-core assets by agreeing to sell its Telfer mine and a 70% stake in the nearby Havieron project in Western Australia to Greatland Gold (LSE:GGP). In return, Newmont, the world’s leading gold producer, will receive a total consideration of US$475 million. This
Newmont’s first major asset sale Read More »
Global oil prices slumped to multi-year lows on Tuesday in the wake of a cut by OPEC in its forecasts for this year and next, coupled with weak data from China. Even a looming tropical storm couldn’t push US prices higher, nor could the latest fighting in Gaza. West Texas Intermediate (WTI) crude fell 3.3%,
Brent crude drops as OPEC and EIA lower 2024 demand forecasts Read More »
Australian investors will no longer be able to invest in high-yielding, bank-issued hybrids after the key financial regulator, APRA, ruled that they posed a risk to the stability of the Australian financial system and economy. Banks currently have $41.3 billion in hybrids on issue, which Australian investors have sought for their yields over the years.
APRA to phase out high-yield bank hybrids to ensure financial stability Read More »
