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Aussie oil’s rough 2024

Brent crude climbed 1.6% on Friday, to mark a a three-week high, but the bigger picture is gloomier. Brent crude and West Texas Intermediate (WTI) have generally traded within a $6 range since September, reflecting an uneasy balance between short-term supply constraints and medium-term oversupply risks. However, year to date, Brent is down 1.49% Here’s a […]

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Rio Tinto commits $2.5bn to expand Rincon lithium project in Argentina

Rio Tinto (ASX:RIO) plans to invest $2.5bn at its Rincon lithium project in Argentina. The aim is to lift production capacity at Rincon to 60,000 tonnes of battery-grade lithium carbonate per year. The project will combine a 3,000-tonne starter plant with a newly constructed 57,000-tonne expansion facility. The development will support a mine life of

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Big plans, big questions: DigiCo debuts with a 9% slip from $5 offer

DigiCo REIT (ASX:DGT), a new real estate investment trust focused on data centres, has made its debut on the ASX. This was Australia’s largest initial public offering (IPO) in six years, since Viva Energy’s (ASX:VEA) 2018 listing, and the largest real-estate-related listing in over a decade. The IPO targeted $2bn in capital, but was oversubscribed,

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Hot Stocks: ANZ, South32, Perpetual, Downer EDI, Ventia, HMC Capital

ANZ appoints Nuno Matos as CEO On Monday, ANZ (ASX:ANZ) announced the appointment of Nuno Matos, former head of HSBC’s wealth and personal banking division, as its new CEO, effective July next year. Matos succeeds Shayne Elliott, who is stepping down after a nine-year tenure. Shares immediately fell in response. Over the past five days,

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