Uncategorized

Stocks fell Thursday, pressured by rising Treasury yields, as traders fretted over new data showing persistent US inflation. The consumer price index released Thursday increased 0.4 per cent on the month and 3.7 per cent from a year ago, according to a Labor Department report. Dow Jones estimates were 0.3 per cent and 3.6 per

The Australian Competition and Consumer Commission plans to reject authorisation for electricity industry participants to coordinate repair, maintenance, and upgrades due to concerns that it wouldn’t substantially enhance the Australian Energy Market Operator’s outage management capabilities and might harm competition. Instead, the ACCC believes that upcoming reforms by the Australian Energy Market Commission will better

The S&P/ASX 200 is trading 0.13 per cent higher at 7,097.60. Futures The SPI futures are up 8 points. Best and worst performers The best-performing sector is Financials, up 1.12 per cent. The worst-performing sector is Health Care, down 4.34 per cent. The best-performing large cap is SEEK (ASX:SEK), trading 2.86 per cent higher at

Newmont Corporation announced on Thursday (Sydney time) that over 96% of shareholder votes favored the proposed $A26 billion all-paper bid for Newcrest (ASX:NCM). The meeting took place on Wednesday, US time, while Newcrest shareholders are set to meet on Friday morning in Melbourne to vote on the transaction. Both companies anticipate the deal closing in

To register for Friday’s webinar click here. Liontown Resources (ASX:LTR) has granted Albemarle a seven-day extension for due diligence as Albemarle’s $6.6 billion takeover bid faces fading prospects of success. The emergence of a potential blocking stake by Gina Rinehart has diminished the chances of Albemarle proceeding with a binding bid, causing Liontown’s shares to

Liontown Resources (ASX:LTR) has granted US lithium giant Albemarle an additional seven days to finalise its proposed $3 per share bid, as Gina Rinehart’s Hancock Resources secures a 19.9% stake. In a brief statement to the ASX on Thursday, Liontown disclosed that Albemarle had requested an extension for exclusive due diligence, which was granted. Albemarle’s

Oil prices remained stable, hovering around $83 per barrel, after an initial surge linked to Hamas’ attacks on Israel over the weekend. This surge was reversed following a report suggesting Iran’s surprise at these attacks, potentially reducing the chances of additional sanctions on Iranian oil and limiting Iran’s involvement in the conflict in the Middle