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Australian lithium companies and investors face grim tidings as Albemarle, the world’s largest lithium group and a major presence in Australia’s lithium industry, reports a sharp earnings slump in the third quarter of 2022. This weak quarterly performance prompts the company to downgrade its outlook for 2023. In just three months, Albemarle has shifted from

To register for Friday’s webinar click here. Origin Energy (ASX:ORG) announced that the Brookfield-led consortium of investors and EIG has significantly increased the cash consideration to best and final proposal of $9.53 per share. In response, Origin Chairman Scott Perkins said, “the revised consideration is now above the top end of the Independent Expert’s 30

The Australian dollar rose to a three-week high of US64.10c after Federal Reserve Chairman Jerome Powell’s statements were seen as suggesting that interest rates had reached their peak, boosting risk asset demand. Despite the Fed leaving rates unchanged, investors interpreted Powell’s comments as a signal of a balanced policy outlook, leading to doubts about future

02 Nov 2023 – Stocks rallied Wednesday, rebounding from a dismal past three months, after the Federal Reserve kept interest rates unchanged for a second consecutive time – leading investors to think the central bank would stay put for the rest of the year.

Judging by the flood of news late Wednesday about mass sackings across Macquarie Group (ASX:MQG), the investment bank’s interim results on Friday must be very grim. According to reports on the Financial Review website, Macquarie’s unexpected layoffs have left staff on edge. “Employees across the company’s banking and financial services arm have been called into

Stocks rallied Wednesday, rebounding from a dismal past three months, after the Federal Reserve kept interest rates unchanged for a second consecutive time — leading investors to think the central bank would stay put for the rest of the year. The Fed kept rates in a range of 5.25 per cent to 5.5 per cent,

The volatile building approvals data from the Australian Bureau of Statistics worked its now-familiar magic in September, revealing a fall of nearly 5%, partly reversing the solid gain in August. The ABS said the 4.6% fall (after the 8.1% rise in August) was driven by the now usual factor – a fall in approvals for