Summit Minerals (ASX:SUM) announced that lithium-bearing minerals have been detected over 100 targets at the Castor Lithium Project in the prolific James Bay area, Quebec, Canada. Once access to the property is approved, Summit will conduct helicopter-supported property traverses to map and collect rock chips from the pegmatite occurrences and the interpreted Sentinel and SAR […]
Evolution Mining (ASX:EVN), a prominent gold mining company, has announced a reduction in its final dividend to 2 cents per share, down from 3 cents in the previous year. This decision follows a decline in earnings reported for the fiscal year ending on June 30. During this period, the company disclosed a statutory net profit
Kerry Stokes’ conglomerate, Seven Group Holdings (ASX:SVW), can attribute its robust revenue and earnings growth of over 20% to the stellar performance of its industrial entities, namely WesTrac, Coates, and Boral, during the fiscal year ending on June 30. The outcome notably reflects the substantial contribution of nearly a full year’s performance from Boral, of
Seven Group Holdings: Strong growth, 2024 profit outlook cautious Read More »
Telstra (ASX:TLS) announced a significant 13% increase in net profit, amounting to $2.1 billion, for the fiscal year ending on June 30. Shareholders will witness a 3% rise in the full-year payout, reflecting a portion of this improvement. The rise in earnings surpassed the 5.4% growth in revenue, which reached $23.2 billion for the year,
Telstra reports 13% jump in net profit to $2.1 billion for the year ending June 30 Read More »
Concerns over the impact of China’s property market turmoil intensify as Zhongrong International Trust, a major wealth manager in China, confirms a string of missed payments on financial products sold to investors across the nation. These apprehensions prompted a 0.8% dip in the Shanghai market, a 0.7% decline in the CSI 300 index, and a
China’s property crisis: Zhongrong trust misses payments Read More »
Stocks fell Wednesday as investors digested a summary of the Federal Reserve’s July meeting, which hinted at potentially higher rates. The Dow Jones Industrial Average dropped 180.65 points, or 0.52 per cent, to end at 34,765.74. The S&P 500 dipped 0.76 per cent, closing at 4,404.33. Meanwhile, the Nasdaq Composite declined 1.15 per cent, ending
Stocks fall for a 2nd consecutive day as investors assess the Fed’s July meeting Read More »
One way or another, Chile’s SQM states its involvement with Azure Minerals (ASX:AZS) in developing the highly prospective Andover lithium deposit in the Pilbara region of WA. Azure has rejected a $2.31-per-share offer from SQM (Sociedad Química y Minera de Chile), valuing the Australian lithium developer at A$901.4 million. Azure mentioned that the offer price
Chile’s SQM and Azure Minerals: Collaboration on Andover Lithium deposit Read More »
The bad news about China’s embattled property sector keeps on coming, with major player Country Garden struggling to remain solvent, investment sliding again in July, and the first fall in house prices recorded last month for this year. Official figures on Wednesday showed that China’s July new home prices fell for the first month this
Struggles in China’s property sector: Country garden, investment, and house prices Read More »
The Chinese-controlled thermal coal miner and exporter, Yancoal Australia (ASX:YAL), has reduced its interim dividend by 28% to 37 cents per share (fully franked) due to declining revenue and earnings in the six months leading up to June, attributed to sliding world prices. The dividend cut comes after a record payout of 52.7 cents per
Yancoal Australia’s dividend cut amidst coal market challenges and economic shifts Read More »
17 Aug 2023 – Stocks fell Wednesday as investors digested a summary of the Federal Reserve’s July meeting, which hinted at potentially higher rates.
Stocks fall for a 2nd consecutive day as investors assess the Fed’s July meeting Read More »
