Uncategorized

NextDC (ASX:NXT) was caught in a rush by investors eager to participate in its surprise $550 million equity issue to major shareholders on Tuesday night. However, by the close on Wednesday, there were signs the market wasn’t as enthusiastic as it had seemed earlier. The data centre group informed the ASX on Wednesday morning that […]

Lenders to Star Entertainment (ASX:SGR) have reportedly offered an additional $150 million to help the struggling casino group survive a cash crunch caused by cost blowouts at its new Brisbane casino and the ongoing weakness in patronage at its gambling operations in Sydney, Brisbane, and the Gold Coast. Media reports last night stated that the

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

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

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

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,

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

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

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

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