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Santos (ASX:STO) has announced strong financial and operational performance in its second-quarter report for 2023. The company achieved sales revenue of AU$1.3 billion during the quarter, indicating robust sales performance. Additionally, production reached 22.8 million barrels of oil equivalent (mmboe), a significant increase compared to the previous quarter. This growth was primarily driven by higher […]

BHP (ASX:BHP) has released its operational review for the financial year ended 30 June 2023. The review highlights the company’s production achievements, financial performance, portfolio developments, and commitment to safety and sustainability. This article provides a factual overview of the key points presented in the operational review. Production Achievements During the financial year, BHP achieved

The ASX is showing positive momentum, rising by 0.17 per cent to reach a level of 7,336. The SPI futures are also indicating an upward trend with a gain of 10 points, suggesting a favourable outlook for future trading. Among the sectors, the Financials sector has emerged as the best performer, experiencing a growth of

Dragonfly Biosciences Limited, a prominent UK-based producer of cannabidiol (CBD) supplements and lotions, is making strides towards its IPO on the ASX next month. Regan Saveall, the CEO of Dragonfly Biosciences, expressed enthusiasm about the upcoming IPO, stating, “We are excited to bring Dragonfly Biosciences to the ASX. This IPO will provide us with the

At noon, the S&P/ASX 200 is 0.23 per cent higher at 7,340.50, following the release of a higher-than-anticipated unemployment rate. The unexpected decrease in unemployment, coupled with a downward revision to 3.5% in May, has increased the likelihood of the Reserve Bank of Australia raising interest rates in June. Consequently, the retail and interest rate

NOVONIX (NASDAQ:NVX, ASX:NVX) announced that its Battery Technology Solutions division successfully completed the commissioning of its 10 tonnes per annum cathode pilot line. In response, Dr. Chris Burns, CEO of NOVONIX, noted, “This capability places us in a unique position to serve the nickel-based cathode material market, which we and industry experts believe will require

New South Wales and Victoria have emphasised the need for immediate investment in developing new zero-emission generation to achieve ambitious renewable energy targets. State energy ministers warn of potential challenges in transitioning without sufficient infrastructure, leading to higher electricity prices if the retirement of coal, the country’s dominant power source, outpaces renewable energy development. Speaking

Retail sales in the United States increased for the third consecutive month in June, signalling consumers’ ongoing resilience amidst easing inflation and a robust labour market. According to the Commerce Department, retail sales rose by a seasonally adjusted 0.2% last month compared to May. Although the pace was slower than the previous two months, it