December 17, 2024

The US stock market has seen a historic shift, with the Dow Jones Industrial Average recording its first nine-day losing streak since 1978. The index fell 267 points, or 0.61%, to close at 43,449.90 on Tuesday. While the broader market remains strong — with the S&P 500 and Nasdaq both near record highs — the […]

The US stock market has seen a historic shift, with the Dow Jones Industrial Average recording its first nine-day losing streak since 1978. The index fell 267 points, or 0.61%, to close at 43,449.90 on Tuesday. While the broader market remains strong — with the S&P 500 and Nasdaq both near record highs — the

Tamboran Resources (ASX:TBN) and Daly Waters Energy have entered into binding agreements with APA Group (ASX:APA), Australia’s largest gas pipeline operator, to develop the Sturt Plateau Pipeline (SPP). The pipeline will support the proposed natural gas Shenandoah South Pilot Project, in which Tamboran and Daly Waters Energy are joint venture partners. The 37km pipeline will connect

Oil and gas producer Karoon Energy (ASX:KAR) has halted production at the Baúna oil field off the coast of Brazil. This follows the failure of two anchor chains on the floating production storage and offloading (FPSO) vessel Cidade de Itajaí. On 11 December 2024, the company and FPSO operator Altera&Ocyan implemented a controlled shutdown as a

Alpha HPA (ASX:A4N) has reached Contractual Close for a $400m debt funding package to support Stage 2 of its HPA First Project in Gladstone, Queensland. The funding, structured as a limited-recourse project finance deal, is being jointly provided by the Northern Australia Infrastructure Facility (NAIF) and Export Finance Australia (EFA). The debt package is split

Westpac (ASX:WBC) has announced that its Chief Financial Officer, Michael Rowland, will retire in 2025. Rowland has been with the bank since 2020. CEO Anthony Miller praised Rowland’s contributions, highlighting his role in strengthening Westpac’s capital position and supporting sustainable returns for shareholders. “Michael has played an important role in the financial management of Westpac

Larvotto Resources (ASX:LRV) has reported final results from its reverse circulation drilling program at the Clarks Gully deposit, which is part of the company’s Hillgrove Gold-Antimony Project in New South Wales. The results indicate the potential for resource expansion, with high-grade intercepts discovered beyond the current resource boundaries. The program, which included 59 drill holes

Vysarn (ASX:VYS) has finalised its acquisition of CMP Consulting Group, effective from 1 December 2024. The completion follows a Share Sale Agreement initially announced on 13 September 2024. CMP Consulting Group is an engineering firm specialising in the water industry. Vysarn provides water services and related infrastructure support to the mining, industrial and utilities sectors. 

TikTok has filed an emergency appeal to the US Supreme Court, seeking to delay a law that could force a nationwide ban of the app unless its Chinese parent company, ByteDance, divests its ownership before 19 January. ByteDance has previously said it has no plans to do so. The 19 January deadline would see TikTok