October 2024

KKR and Energy Capital Partners (ECP) have committed to a US$50bn investment to meet the fast-growing needs of artificial intelligence (AI) and cloud computing. This strategic partnership, announced Wednesday, targets improvements in power generation, transmission, and data centre capabilities. KKR (Kohlberg Kravis Roberts & Co) is a global investment firm known for its expertise in […]

Europe’s largest carmaker, Volkswagen, has announced a 64% plunge in profits for the third quarter. Net profit fell to €1.57bn, down from €4.34bn a year earlier. The downturn has driven Volkswagen to implement sweeping measures. The company has asked its workers to take a 10% pay cut. It plans to close its Audi Q8 e-tron

Companies discussed include: Reece (ASX:REH)BlueScope Steel (ASX:BSL)Credit Corp Group (ASX:CCP)

Australia’s inflation has returned to the Reserve Bank of Australia’s (RBA) target range of 2-3% for the first time since March 2021, driven by a substantial drop in energy and fuel prices. The Australian Bureau of Statistics (ABS) announced that the Consumer Price Index (CPI) rose by only 0.2% in the September 2024 quarter, bringing

Empire Energy (ASX:EEG) has released its Q3 2024 quarterly report, announcing progress in its Carpentaria Gas Project. The company focuses on exploring and developing unconventional gas resources across approximately 29 million acres in the Beetaloo Sub-basin of the Northern Territory. Unlike conventional gas, which flows through porous rock and is generally extracted from large reservoirs, unconventional gas

Syrah Resources (ASX:SYR), a key supplier of natural graphite, has announced progress on its flagship Balama operation in Mozambique and the Vidalia Active Anode Material (AAM) facility in the US. The company’s recent US$150 million loan from the US International Development Finance Corporation (DFC) will help sustain operations at Balama, which is integral to meeting

Gold Road Resources (ASX:GOR) has reported strong quarterly results with a 10% increase in gold production at the Gruyere Gold Mine, totalling 68,781 ounces for the September quarter. This uplift comes as the joint venture with Gold Fields ramps up operations in the Stage 3 and 4 pits, resulting in heightened mining activity and a

Appen (ASX:APX) has reported its Q3 FY24 results, highlighting resilience and strategic growth despite challenges in the tech sector. The company, which specialises in data sourcing, annotation, and model evaluation to enable AI systems across various industries, posted $54.1m in revenue for the quarter — a 13% drop from the same period last year. This

Data3 (ASX:DTL) has announced record gross sales of $2.8bn for FY24 at its Annual General Meeting, held today, representing 7.6% year-over-year growth despite economic headwinds like inflation and tightened corporate spending. The company, headquartered in Brisbane, provides a wide range of technology services across software, infrastructure, cloud, cybersecurity and data solutions, targeting sectors including government,

Noble Helium Limited (ASX:NHE) has found significantly elevated helium concentrations from gas bubbles in the southern North Rukwa Project, near Kinambo. A team from the University of Dar es Salaam used a Mini-Ruedi mass spectrometer to analyse six areas, all showing above-background helium levels. These locations align with potential shallow gas targets for the upcoming