Well, Lithium Power International (ASX:LPI) was right when it described as “incorrect” a Bloomberg report suggesting a 50-cent-a-share offer from Codelco, the big state-owned Chilean copper miner. The deal, revealed on Wednesday (instead of the original Monday deadline), was at 57 cents for each LPI share. LPI said it had entered into a binding scheme […]
BHP (ASX:BHP) has left its 2023-24 production guidance unchanged after making a solid start to the year in the three months to September 30. The world’s biggest miner did well across all businesses as they completed their normal first-quarter maintenance and other work (which always depressed production performance) to set up what the miner hopes
BHP guidance unchanged Read More »
18 Oct 2023 – A snapshot of the stocks on the move, featuring Whitehaven Coal (ASX:WHC), Paradigm Biopharmaceuticals (ASX:PAR), Noxopharm (ASX:NOX) and Liontown Resources (ASX:LTR).
Stocks of the Hour: Whitehaven Coal, Paradigm Biopharma, Noxopharm, Liontown Resources Read More »
Don’t miss Friday’s webinar discussing imaging tech, laser tech and agricultural REITs. Click here to register. Whitehaven Coal (ASX:WHC) has been placed in a trading halt following an announcement by BHP that Whitehaven Coal is the preferred bidder for BHP’s Daunia and Blackwater coking coal mines in Queensland. This announcement was made in an unusual manner,
Stocks of the Hour: Whitehaven Coal, Paradigm Biopharma, Noxopharm, Liontown Resources Read More »
Oil prices surged by up to 1.7% in early Asian trading following a deadly explosion at a Gaza hospital, heightening tensions in the Middle East ahead of US President Joe Biden’s visit. A summit between Biden and leaders of Jordan, Egypt, and the Palestinian Authority was canceled as the US president seeks to prevent further
ASX up 0.13% as oil prices surge Read More »
Whitehaven Coal (ASX:WHC) has halted trading in its shares until Friday as it finalises a substantial finance package to purchase BHP Mitsubishi Alliance’s Daunia and Blackwater export coking coal mines in Queensland. In an early morning statement on Wednesday, Whitehaven requested the trading halt, citing an impending announcement regarding its involvement in the sale of
Whitehaven Coal halts trading to secure financing for BHP Mitsubishi Alliance mines Read More »
ARN Media (ASX:A1N) and its partner, private equity firm Anchorage Capital Partners, will have to navigate key regulators before finalising their $225 million non-binding takeover offer for rival radio broadcaster Southern Cross Media (SCA). ARN owns major radio stations, including KIIS FM, home to Kyle and Jackie O in Sydney, as well as the Pure
ARN Media and Anchorage Capital’s $225m takeover faces regulatory hurdles Read More »
18 Oct 2023 – The S&P 500 closed near the flat line on Tuesday as investors analysed the latest bond yield moves and corporate earnings season gained steam.
S&P500 closes near flatline; Bond yields lift; US DOC plans to restrict chips Read More »
The S&P 500 closed near the flat line on Tuesday as investors analysed the latest bond yield moves and corporate earnings season gained steam. The broad index slipped 0.01 per cent to end at 4,373.20, while the Nasdaq Composite slipped 0.25 per cent to 13,533.75. The Dow Jones Industrial Average added 13.11 points, or 0.04
S&P500 closes near flatline; Bond yields lift; US DOC plans to restrict chips Read More »
Ozempic, the miracle drug initially designed to combat diabetes but now renowned for its effectiveness as a weight-loss treatment, is sending shockwaves through the ASX as short sellers bet heavily against its potential impact on market valuations. This pharmaceutical sensation, which has caused a global shortage due to soaring demand for off-label use, is captivating
Ozempic shorts challenge ASX blue-chips Read More »
