November 11, 2024

Aristocrat Leisure (ASX:ALL), a global leader in entertainment and gaming content, has announced the sale of its mobile gaming subsidiary, Plarium Global, to Sweden’s Modern Times Group for up to US$820m. Known for its electronic gaming machines and digital gaming platforms, Aristocrat operates across three main sectors: land-based gaming, mobile game publishing, and regulated online […]

The Dow Jones Industrial Average surged over 300 points on Monday, closing at a new all-time high as the post-election rally continued to gain momentum. The 30-stock index climbed 304 points, or 0.69 per cent, to finish at 44,293.69, marking its first-ever close above 44,000. The S&P 500 added 0.1 per cent to close at

The inaugural Semiconductor Australia conference was held on Thursday 24 October at Deloitte, Quay Quarter Tower, Sydney. Stefanie Winwood: Semiconductor Australia 2024 brought together the nation’s best and brightest semiconductor, quantum and photonics pioneers, who are advancing critical capabilities in the global chips race. Thank you in particular to our co-hosts, BluGlass (ASX:BLG), Sharecafe and

Resolute Mining (ASX:RSG) confirmed in an announcement this morning that CEO Terence Holohan and two other executives were detained in Mali after discussions with government officials. The executives were in Bamako, the capital city, addressing issues related to the company’s business practices and responding to claims made by the authorities, which Resolute maintains are unfounded.

On Monday, Australian mining stocks fell sharply as concerns over China’s economic direction and potential trade war risks weighed on the market. The recent $2.5bn (12 trillion yuan) stimulus package from China’s Standing Committee of the National People’s Congress disappointed investors by focusing on debt relief for local governments rather than boosting domestic demand. Iron

Nissan has announced a major restructuring plan in response to mounting financial losses, including the elimination of 9,000 jobs from its global workforce and a 20% reduction in production capacity. The move comes after the Japanese carmaker reported a ¥9.3 billion (A$91 million) loss in the third quarter of 2024, compared to a significant profit

Chinese stocks in Hong Kong have fallen after Beijing’s high-profile fiscal stimulus plan failed to meet investor expectations. The Hang Seng China Enterprises Index dropped 1.6% by midday, with property and consumer-focused stocks leading the declines. Mainland China’s CSI 300 Index fluctuated, recovering from an initial 1.4% loss to trade flat. The disappointment followed the

Novonix (ASX) has secured a significant offtake agreement with global automotive manufacturer Stellantis NV. Under this binding deal, Novonix will supply at least 86,250 tonnes of high-performance synthetic graphite, with the possibility of increasing volumes to 115,000 tonnes, over a six-year period from 2026 to 2031. This graphite will be essential for supporting Stellantis’ North

Bitcoin has surged past the US$80,000 mark for the first time, reaching A$122,894 on Sunday. This historic high comes as investor confidence soars following Trump’s re-election. Bitcoin’s 80% gain in 2024 far exceeds the S&P 500’s 25.7% rise this year. The rally began during the lead-up to the election. Trump’s policies signal a significant departure

Silk Logistics Holdings (ASX:SLH) has entered into a Scheme Implementation Deed with DP World Australia Limited for the acquisition of 100% of its issued share capital through a scheme of arrangement. The proposed transaction values Silk’s equity at approximately $174.5m, with shareholders set to receive cash consideration of $2.14 per share, less any dividends declared