October 15, 2024

Stocks fell sharply on Tuesday, taking a pause from their recent rally as traders analysed the latest corporate earnings reports. The Dow Jones Industrial Average dropped 324.80 points, or 0.75 per cent, closing at 42,740.42 after reaching a new intraday record before reversing course. The S&P 500 declined 0.76 per cent to finish at 5,815.26, […]

Oil prices plunged over 4% to a near two-week low on Tuesday, driven by a weaker demand outlook and a report indicating that Israel would refrain from attacking Iranian nuclear and oil facilities, which alleviated concerns about potential supply disruptions. Brent crude futures closed down $3.21, or 4.14%, at $74.25 a barrel, while West Texas

Westgold Resources (ASX:WGX) still expects its recent gold acquisition, Karora Resources, to provide an expected second half boost in production, revenue and earnings after reporting a lift in September quarter production. Westgold completed the takeover of Canadian-listed (but Australian) Karora Resources in August, for $1.2bn. WGX said it produced 77,369 ounces of gold from its

The surging Australian dollar, the gold price and higher production has seen NSW Central West gold miner and copper explorer Alkane (ASX:ALK) book a 33% surge in revenue for the three months to September. The company told the ASX on Monday that production rose to 18,418 ounces for the quarter, from 15,855 ounces in the

Rio Tinto will take control of a $2.4bn uranium mine rehabilitation project for its majority-owned subsidiary Energy Resources of Australia (ERA), ending a long-running dispute with minority investors over control of the company and its former mine near Kakadu National Park in the Northern Territory. That’s after the Takeovers Panel stood by its decision to

Fuel refiner and retailer Ampol (ASX:ALD) is facing a rough end to 2024. Problems that emerged in the three months to September are continuing into the final quarter of the financial year. The problems cost it around $100 million in lost earnings in the September quarter. From the tone of Tuesday’s update, another hit this

Nathan Simiana, Director for Industrials and Smart Manufacturing at Deloitte, discusses transforming industry through data-driven decision-making. Abbey Phillipps: I’m Abbey Phillipps for the Finance News Network, and today we’re talking about emerging industrial technologies. I’m joined by Nathan Simiana, who is a Director at Deloitte and a member of the Executive Council for the Internet

China’s commodity imports were surprisingly strong in September, despite the overall weakness in inbound shipments and the sharp softening in export growth. In fact, iron ore imports hit a 2024 high, copper jumped sharply and coal (thermal coal mostly) topped previous all-time highs. Oil imports were the only marked weakness as demand softens and the

The Australian sharemarket surged to a record high at the opening on Tuesday, driven by optimistic sentiment from Wall Street. At 11:40am, the S&P/ASX 200 is 0.82 per cent higher at 8,320.40. The SPI futures are pointing to a rise of 63 points. Best and worst performers The best-performing sector is Financials, up 1.19 per

To register for Friday’s webinar click here. African Gold (ASX:A1G) has announced results from the recently completed diamond drillhole,the second out of six drilled on the Blaffo Guetto prospect, on the Company’s Didievi Gold Project. The drilling program was designed to test possible extension of the gold lodes and to infill previous drilling on gold