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Carlos Tavares has resigned as the CEO of Stellantis, one of the world’s largest carmakers, following months of tension with the board and significant operational challenges. Stellantis, which owns brands like Jeep, Fiat, Peugeot, and Maserati, announced Tavares’ departure on Sunday, with immediate effect. Tavares played a central role in the 2021 merger of PSA […]

Shares in GQG Partners (ASX:GQG) tumbled today after UBS downgraded the company from a buy to a neutral and reduced the stock’s price target from $3.30 to $2.30. GQG is a US-based global investment management firm that specialises in equities, managing funds for institutional and retail investors worldwide. GQG holds significant stakes in emerging market

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices. Key points CoreLogic data shows that monthly average home price growth was just 0.1%mom in November, after a downwardly revised 0.2% rise in October The pace of gains remains highly diverse ranging from falls in Melbourne, Sydney and Hobart, to

Metcash (ASX:MTS), the leading wholesaler and service provider to independent retailers in Australia, has reported its financial results for the first half of FY25, ending 31 October 2024. The company’s diversified portfolio strategy continued to deliver growth in revenue but faced challenges in specific segments. Key financial performance Metcash reported a 6.3% increase in group

Northern Star Resources (ASX:NST) has announced a definitive agreement to acquire De Grey Mining (ASX:DEG) through a court-approved scheme of arrangement. The transaction, valued at approximately $5bn, will see De Grey shareholders receive 0.119 Northern Star shares for De Grey share. This represents a premium over De Grey’s recent trading prices (De Grey closed at $1.50

Orthocell (ASX:OCC), a Perth-based regenerative medicine company, has successfully completed a pivotal US FDA 510(k) regulatory study for its nerve repair product, Remplir. The study validated Remplir as safe and effective for use in the surgical repair of peripheral nerves, meeting all required endpoints. This achievement paves the way for the submission of a marketing

4DMedical (ASX:4DX), a Melbourne-based leader in respiratory imaging technology, has signed a contract with Perth Radiological Clinic (PRC) to deploy its XV Technology-enabled ventilation reports across 16 clinics in Perth.  XV Technology dynamically measures and visualises airflow in the lungs, enabling clinicians to detect respiratory deficiencies earlier and with greater sensitivity. By providing detailed, region-specific

The Dow Jones Industrial Average and S&P 500 hit new highs on Friday, buoyed by President-elect Trump’s proposals for tax cuts and regulatory easing. The S&P 500 gained 0.56 per cent, reaching 6,032.38, while the Nasdaq Composite advanced 0.83 per cent to 19,218.17. The Dow rose by 188.59 points, or 0.42 per cent, closing at

Meta Platforms has announced a US$10bn plan to construct a subsea fibre-optic cable stretching over 40,000km. The cable will trace a giant “W”-shaped route, connecting the US East Coast to India via South Africa and returning to the US West Coast via Australia. The route avoids volatile regions, including the Red Sea and South China