The competition regulator, the ACCC, has rejected ANZ’s proposed $4.9 billion takeover of Suncorp’s banking arm – a decision that has been widely expected by investors since being announced in 2022. Not too many investors saw a chance for ANZ to succeed in its deal, despite both banks pulling out all stops with support from […]
ACCC rejects ANZ proposed takeover of Suncorp’s banking arm Read More »
04 Aug 2023 – A snapshot of the stocks on the move, featuring Melbana Energy (ASX:MAY), Azure Minerals (ASX:AZS) and Empire Energy (ASX:EEG).
Stocks of the Hour: Melbana Energy, Azure Minerals, Empire Energy Read More »
Melbana Energy (ASX:MAY) announced that the planned Total Depth of the Alameda-2 well has been reached ahead of schedule. Executive Chairman, Andrew Purcell, commented: “Excellent quality logs have been obtained over the entire Amistad interval – a great improvement on last time when logs could not be obtained over some of the most productive units.”
Stocks of the Hour: Melbana Energy, Azure Minerals, Empire Energy Read More »
Four hours northwest of Townsville, Australia’s energy transition to net zero by 2050 is taking a significant step forward with the near-completion of Genex Power’s $777 million Kidston pumped hydro project. Situated 220 meters beneath an old gold mine, this ambitious undertaking is set to play a crucial role in replacing coal-fired power and advancing
Genex Power’s Kidston: Australia’s pumped hydro champion Read More »
In a move to stabilise global oil markets, Saudi Arabia has announced that it will extend its voluntary crude oil output cut of 1 million barrels per day into September. This marks the third consecutive month of such declines, according to the state-owned Saudi Press Agency (SPA). The decision comes as a response to the
Saudi Arabia extends oil output cut to September Read More »
Leading provider of collaboration and productivity software, Atlassian, has revealed its optimistic outlook for cloud services in the fiscal year 2024. The company anticipates robust growth in cloud revenue, with an expected year-over-year increase ranging between 25% to 30%. This positive projection aligns with Atlassian’s first-quarter forecast, which predicted cloud revenue growth in the range
Atlassian reveals optimistic outlook for FY24 Read More »
A recently released report aims to provide a comprehensive understanding of the dynamic lithium sector, which has garnered significant interest from investors. The report, published as part of a series by RFC Ambrian, delves into the current and future trends within the lithium industry, shedding light on its potential risks and opportunities. The research report
Lithium commodity market report Read More »
04 Aug 2023 – The S&P 500 ticked lower for a third straight day, as Wall Street assessed the latest corporate earnings results and struggled to shake off pressure from rising bond yields, in which the benchmark 10-year Treasury yield is trading at around 4.18 per cent, near its highest level since November 2022.
Apple & Amazon report earnings after the bell Read More »
The S&P 500 ticked lower for a third straight day, as Wall Street assessed the latest corporate earnings results and struggled to shake off pressure from rising bond yields, in which the benchmark 10-year Treasury yield is trading at around 4.18 per cent, near its highest level since November 2022. The S&P 500 fell 0.25
Apple & Amazon report earnings after the bell Read More »
Following Wall Street’s overnight sell-off, the S&P/ASX 200 closed 0.58 per cent lower at 7,311.80. Iron ore prices are declining, heading towards $US100 per tonne. The drop is influenced by sluggish demand from China and the country’s plan to end night-time trading of metal futures to reduce market fluctuations. Currently, Singapore iron ore futures for
ASX closes 0.58% lower following Wall Street’s overnight sell-off Read More »
