The Commonwealth Bank (ASX:CBA) reported virtually no profit growth in the first quarter of its 2023-24 fiscal year, indicating potential challenges for both the bank and the sector after strong results in 2022-23. In its Q1 update on Tuesday, CBA revealed unaudited cash earnings of approximately $2.5 billion, remaining flat compared to the final months […]
CBA’s Q1 2023 earnings: Limited growth, challenging year ahead Read More »
The S&P 500 ended Monday’s session near the flat line as traders prepared for the release of key inflation data. Investors were looking ahead to October’s reading of the consumer price index, due Tuesday, as the next catalyst for markets. Headline inflation is expected to have grown 3.3 per cent on an annualised basis, according
S&P 500 closes near flat line as Moody’s cuts US rating Read More »
The ANZ Bank’s 2022-23 annual results, announced on Monday with their solid bottom line and higher dividends, have capped off the best year in five years for our Big Four banks: Commonwealth, NAB, Westpac, and ANZ. The rate rises from the Reserve Bank have helped fatten the key net interest margins (NIMs) of the banks,
Big four Australian banks: Strong annual results amid rate hikes Read More »
Oil giant Exxon Mobil aims to establish itself as a prominent player in the US lithium market. Unlike traditional methods of acquisition, Exxon is taking a grassroots approach, focusing on a novel production method. The company plans to leverage its expertise in drilling, in collaboration with partner Tetra, to tap into the vast potential of
Exxon Mobil’s innovative approach to becoming a leading lithium player in the US Read More »
The Western Australia Environmental Protection Authority (EPA) has recommended the environmental approval of Lynas’ life-of-mine proposal for its Mount Weld rare earths project. The proposed expansion by Lynas Rare Earths’ (ASX:LYC) subsidiary aims to increase the development area to 2802 hectares, extending the operation’s lifespan by up to 30 years. This decision comes despite concerns
Lynas gets green light for Mount Weld rare earths expansion Read More »
AustralianSuper has made it clear it is going to remain a big shareholder in Origin Energy (ASX:ORG), whether the bidders – Brookfield from Canada and EIG from Australia – like it or not. At the same time, Origin also offered shareholders a special dividend to try and bribe them into voting for the merger at
Origin offers special dividend Read More »
ASX declined on Monday, with a 0.4% drop in the benchmark S&P/ASX 200 index to 6948.8 points, primarily due to a sell-off in energy and bank stocks. This decline was also influenced by the energy sector’s connection to weakening oil prices, which fell due to concerns over global demand and the reduction of risk premium
ASX closes 0.4% lower as oil price weakens Read More »
Australian cattle and sheep producers are breathing a sigh of relief as meat prices stage a comeback after a challenging period of oversupply and plummeting values. According to data from Meat & Livestock Australia (MLA), the industry benchmark, the Eastern Young Cattle Indicator (EYCI), has rebounded by 14 percent, reaching $3.99 per kilogram after bottoming
Meat prices stage a comeback Read More »
Krakatoa (ASX:KTA), a former gold producer, Thursday announced a significant potential lithium discovery at King Tamba. The drilling program targeted three key sites, MGM, Loader and Wilsons, with 13 of the 16 holes intersecting pegmatites. The highlight of yesterday’s announcement was a 39m thick pegmatite at the Wilsons prospect, widening the scope of the drilling
Krakatoa’s potential lithium find Read More »
13 Nov 2023 – The S&P/ASX 200 is trading 0.3 per cent lower at 6,955.60.
Afternoon update: ASX trading 0.3% lower, Utilities is best performer Read More »
