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At the closing bell, the S&P/ASX 200 was 0.46 per cent higher at 7,339.70. This increase was primarily driven by gains in mining stocks, as investors anticipated a rise in Chinese demand for iron ore, a crucial commodity used in steel-making. China’s commitment to implement measures to stabilise its economy contributed to the surge in […]

Talon Energy Ltd. (ASX:TPD) recently announced a significant milestone in its Gurvantes XXXV Coal Seam Gas (CSG) Project in the South Gobi Basin of Mongolia. The Operator, TMK Energy Limited (ASX:TMK), informed Talon that initial gas from the Lucky Fox-1 pilot well flowed to the surface and was flared, marking the first gas flowed to

The upcoming week holds significant importance for global stocks, as companies with a combined market value of $US27 trillion (A$40 trillion) prepare to announce their quarterly earnings. Last week, both Netflix and Tesla demonstrated the high stakes involved—a stellar performance could lead to soaring stocks, while any disappointments may trigger a sharp sell-off. As this

Australia’s Minister for Climate Change and Energy, Chris Bowen, has reaffirmed that nuclear energy will not be part of the country’s energy mix, citing the abundance of renewable energy sources as the primary reason for the decision. During the G20 energy ministers meeting in Goa, India, Bowen emphasised that nuclear energy has never been considered

The S&P/ASX 200 has risen by 0.48 per cent with the SPI futures pointing to a rise of 37 points. The Materials sector is the best-performing, up 3.16 per cent, while the Consumer Discretionary sector is the worst-performing, down 0.88 per cent. In company news, among the large caps, Pilbara Minerals (ASX:PLS) is leading with

Newcrest’s (ASX:NCM) board has reaffirmed its unanimous recommendation for investors to support the Newmont takeover offer. The offer aims to address the ongoing controversy surrounding dust emissions from the Cadia gold/copper and molybdenum mine in central western NSW, which is Newcrest’s most significant operation. Under the bid, Newcrest shareholders will receive 0.4 Newmont shares for

Last week, a surge of FOMO among IPO investors was evident as Oddity Tech, the parent company of direct-to-consumer beauty brand Il Makiage, staged an immensely successful stock-market debut. This significant milestone signalled that after an 18-month lull, the IPO market could be on the verge of a revival. In recent weeks, the major impediments

In its pursuit of a near $15 billion merger with US-based Livent, lithium takeover target Allkem (ASX:AKE) has made significant strides in securing project financing for its Sal de Vida initiative. The company has gained access to a 10-year $US130 million loan from the World Bank-linked International Finance Corporation. The Sal de Vida project, located

In the midst of navigating the fallout from his multibillion-dollar separation from wife Nicola, Andrew Forrest, the Australian billionaire and founder of Fortescue Metals Group (ASX:FMG), has set his sights on a high-powered US trip. The tour includes advocating for his green hydrogen push at the White House and inspecting Austal’s shipyards in Alabama. Andrew