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BlueScope Steel (ASX:BSL) has, at long last, downgraded first-half earnings, weeks after US-based steel rivals revealed cuts to their forecasts and actuals due to weakening margins and spreads as demand softens. The company informed the market on Friday that December half earnings are expected to be in the range of $620 million to $670 million, […]

Way2VAT (ASX:W2V) has announced that their operations will be unaffected by the current situation in Israel. The corporate headquarters in Tel Aviv remains open and functioning normally with staff attending, although an optional work from home policy is in place. Shares are trading 10 per cent higher at 1.1 cents. Liontown Resources (ASX:LTR) announced that

In August, Chinese investors recorded their highest selling activity of US bonds and stocks in four years, amounting to $21.2 billion, with a focus on treasuries and equities, as per data from the US Department of the Treasury. Additionally, Japanese investors have also been selling US securities, driven by the weakening yen and the strategy

In the September quarter, Rio Tinto (ASX:RIO) once again secured its position as the world’s largest iron ore shipper. Meanwhile, Vale, its Brazilian rival, reclaimed its title as the largest miner for the three-month period. While Vale’s production increased, a significant portion of it was directed towards its pellet business, causing its ore exports to

With Newcrest Mining (ASX:NCM) set to be acquired by Newmont in the coming weeks, Evolution Mining (ASX:EVN)and Northern Star (ASX:NST) emerge as the remaining local majors, gaining increasing attention from investors seeking direct exposure to gold and copper. This shift follows Newmont’s plan to issue and list CDIs on the ASX to replace Newcrest shares.

According to media reports this morning, Liontown Resources (ASX:LTR) is in some trouble with funding, as evidenced by discussions of “emergency” equity and debt raises. The Australian Financial Review reported today that “UBS began wall crossing fund managers for lithium developer Liontown Resources’ emergency capital raising on Wednesday evening, seeking $400 million from equity capital

The Australian Competition and Consumer Commission (ACCC) has scored a significant victory over Qantas (ASX:QAN) as the airline called off its $611 million takeover of the smaller rival fly-in, fly-out operator, Alliance Aviation Services. Qantas and Alliance had initially announced the deal in May 2022, following Qantas’s acquisition of a nearly 20% stake in Alliance

US 10-year bond yields came within a hair’s breadth of breaching the 5% level on Thursday, and gold futures prices moved closer to the $2,000 level after Fed Chair Jay Powell again underlined that the central bank would be “resolute” in its commitment to the 2% inflation target. In a widely anticipated speech, the Fed

Liontown Resources (ASX:LTR) has secured a $1.13 billion funding package to complete its flagship Kathleen Valley lithium project, following the collapse of a $6.6 billion deal with Albemarle, the world’s largest lithium group this week. Liontown announced on Thursday after trading had ended that the new funds would come via a debt financing package and