Shares in mining giant South32 (ASX:S32) are down 2.36 per cent to $3.73 at 1.50pm AEST after it warned of a $1.3 billion hit on its Hermosa project’s zinc-lead-silver Taylor sulphide deposit. “The Hermosa project has the potential to sustainably produce commodities critical for a low-carbon future, from multiple development options, for decades to come,” […]
South32’s $1.3bn setback on Hermosa project Read More »
Microsoft is set to slash approximately 50 positions in Australia as part of its latest round of redundancies, a move that follows the elimination of over 10,000 jobs earlier this year. With around 2,500 local employees, the latest wave of lay-offs will bring the total number of Australia-based staff axed this year to 200. A
Microsoft announces new round of layoffs Read More »
In the rugged Idaho wilderness, at an elevation of approximately 8,000 feet, an ambitious cobalt mine, decades in the making, reveals the hurdles America’s clean-energy ambitions confront in a market dominated by China. “Let’s think really carefully,” said Rod Eggert, an economics professor at the Colorado School of Mines. “How high of a priority is
America’s only cobalt mine faces challenges in China-dominated market Read More »
24 Jul 2023 – The ASX had risen 0.04 per cent by 2:50 AEST. The best-performing sector was Energy, up 2.19 per cent, while the worst-performing sector was Materials, down 1.29 per cent.
Afternoon Update: Energy soars, materials slumps Read More »
The ASX had risen 0.04 per cent by 2.50pm AEST. The best-performing sector was Energy, up 2.19 per cent, while the worst-performing sector was Materials, down 1.29 per cent. In company related news, among large-cap stocks, Whitehaven Coal (ASX:WHC) saw the highest gain, rising 3.21 per cent to $7.24, while Allkem (ASX:AKE) experienced the biggest
Afternoon Update: Energy soars, materials slumps Read More »
At noon, the S&P/ASX 200 is 0.14 per cent higher at 7,324. Suncorp has confirmed that the Australian Competition & Consumer Commission (ACCC) has requested additional time to review ANZ’s merger with Suncorp. The ACCC asked for the review period to be extended from July 28, 2023, to August 4, 2023, on top of a
ASX up 0.14% at noon: ACCC delays ANZ-Suncorp merger Read More »
24 Jul 2023 – A snapshot of the stocks on the move, featuring Micro-X (ASX:MX1), European Metals (ASX:EMH) and Tamboran Resources (ASX:TBN).
Stocks of the Hour: Micro-X, European Metals, Tamboran Resources Read More »
Micro-X (ASX:MX1) extends contract with U.S. DHS to test self-screening modules at an airport. In response, Micro-X Inc. Chief Executive Officer of Americas and Chief Scientist, Brian Gonzales, commented: “This contract extension fully funds us to build and test the design of a self-screening checkpoint in real airports, demonstrating the improvements and refining the design
Stocks of the Hour: Micro-X, European Metals, Tamboran Resources Read More »
24 Jul 2023 – Stocks were mixed Friday as traders assessed the latest corporate earnings results, and the Dow Jones Industrial Average stretched its winning streak to 10 sessions, a feat not seen for the index since August 2017.
Dow notches tenth straight day of gains Read More »
Stocks were mixed Friday as traders assessed the latest corporate earnings results, and the Dow Jones Industrial Average stretched its winning streak to 10 sessions, a feat not seen for the index since August 2017. The 30-stock Dow climbed 2.51 points, or 0.01 per cent, to close at 35,227.69 . The S&P 500 added 0.03
Dow notches tenth straight day of gains Read More »
