The bloom has faded from the boom in energy company earnings as world prices and demand sag compared to the invasion-stimulated highs a year ago. Oil giants, Shell and TotalEnergies, reported sharp falls in June quarter profits, and expectations are that giants like BP, Chevron, and Exxon Mobil will repeat the news in the next […]
Energy giants slump in June quarter Read More »
Japan and South Korea have rejected US overtures to join the proposed $44 billion Alaska natural-gas project, which could be one of the most significant energy investments in American history. The project, known as Alaska LNG, involves an 807-mile pipeline transporting natural gas from fields north of the Arctic Circle to the southern part of
Japan and South Korea decline offer to join $44 billion LNG project Read More »
Liontown Resources’ (ASX:LTR) Kathleen Valley Lithium Project is well on track for its first production by mid-2024, as the company achieved significant milestones during the June quarter. The project is witnessing a surge in mining and construction activities, with key developments in the process plant and power station infrastructure build. Safety remains a top priority
Liontown on track for first production for Kathleen Valley lithium project Read More »
Brazilian iron ore giant, miner Vale SA, has confirmed the negative impact of weak demand and pricing in the three months to June with a 78.2% slump in net earnings for the period. Vale, one of the world’s largest iron ore miners after Rio Tinto and BHP, posted net income of $US892 million, while analysts
Vale SA reports 78.2% earnings drop amid weak demand Read More »
The Dow Jones Industrial Average finally ran out of steam on Thursday as investors took their profits, ending 13 straight days of gains. If it had gained a 14th day on Thursday, the Dow would have tied its record-winning 14-day streak going way back to 1897. The index fell 237.40 points, or 0.67%, to 35,282.72
Dow Jones runs out of steam Read More »
28 Jul 2023 – The Dow Jones Industrial Average finally ran out of steam Thursday as investors cashed in following a historic streak of 13 straight gains.
The Dow finally snaps historic 13-day rally Read More »
The Dow Jones Industrial Average finally ran out of steam Thursday as investors cashed in following a historic streak of 13 straight gains. The 30-stock index fell 237.40 points, or by 0.67 per cent, to 35,282.72 — dragged lower by shares of Honeywell, which recorded lighter revenue than the Street wanted in their latest quarterly
The Dow finally snaps historic 13-day rally Read More »
27 Jul 2023 – The European Bank for Reconstruction and Development has agreed to invest 6 million euros to support European Metals Holdings’ (ASX:EMH) development of the Cinovec lithium project in the Czech Republic.
EBRD strategic investment in European Metals Read More »
The European Bank for Reconstruction and Development has agreed to invest 6 million euros to support European Metals Holdings’ (ASX:EMH) development of the Cinovec lithium project in the Czech Republic. Executive Chairman Keith Coughlan discusses the significance of the placement and the momentum behind lithium in Europe.
EBRD strategic investment in European Metals Read More »
On Thursday, the Australian sharemarket reached a five-month high, driven by a strong performance in real estate and technology stocks. At the closing bell, the S&P/ASX 200 was 0.73 per cent higher at 7,455.90. The market’s optimism was fueled by the belief that the Federal Reserve had raised the cash rate for the final time
ASX closes 0.73% higher to hit a five-month high Read More »
