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Chinese stocks in Hong Kong have fallen after Beijing’s high-profile fiscal stimulus plan failed to meet investor expectations. The Hang Seng China Enterprises Index dropped 1.6% by midday, with property and consumer-focused stocks leading the declines. Mainland China’s CSI 300 Index fluctuated, recovering from an initial 1.4% loss to trade flat. The disappointment followed the […]

Novonix (ASX) has secured a significant offtake agreement with global automotive manufacturer Stellantis NV. Under this binding deal, Novonix will supply at least 86,250 tonnes of high-performance synthetic graphite, with the possibility of increasing volumes to 115,000 tonnes, over a six-year period from 2026 to 2031. This graphite will be essential for supporting Stellantis’ North

Bitcoin has surged past the US$80,000 mark for the first time, reaching A$122,894 on Sunday. This historic high comes as investor confidence soars following Trump’s re-election. Bitcoin’s 80% gain in 2024 far exceeds the S&P 500’s 25.7% rise this year. The rally began during the lead-up to the election. Trump’s policies signal a significant departure

Silk Logistics Holdings (ASX:SLH) has entered into a Scheme Implementation Deed with DP World Australia Limited for the acquisition of 100% of its issued share capital through a scheme of arrangement. The proposed transaction values Silk’s equity at approximately $174.5m, with shareholders set to receive cash consideration of $2.14 per share, less any dividends declared

Prospech (ASX:PRS) has announced further assay results from the ongoing program of sampling and assaying of the historic drill core from holes completed in the 1950s, 60s and early 70s. A total of 307 samples from 25 holes are reported. Shares are trading 14.29 per cent higher at 3.2 cents. Hera Med (ASX:HMD) has received

Following a scoping phase, Fonterra Co-operative Group (ASX:FSF), a global dairy giant headquartered in New Zealand, has decided to proceed with a sale process to divest its global consumer businesses, including Fonterra Oceania and Fonterra Sri Lanka. The initiative was first announced in May 2024. The objective is to streamline operations and concentrate on the company’s

Stockland Corporation (ASX:SGP) has upgraded its earnings guidance for FY25. This follows the completion of all regulatory approvals for the acquisition of 12 masterplanned residential communities from Lendlease (ASX:LLC) through the Stockland Supalai Residential Communities Partnership. Valued at approximately $1.06bn, the acquisition is expected to be finalised in the second quarter of FY25, pending relevant

Iress (ASX:IRE) has confirmed that the Emergency Services Superannuation Board (ESSSuper) has initiated civil proceedings against the company and its subsidiary, Financial Synergy Holdings Pty Ltd. The legal action, filed in the Federal Court, centres on an existing dispute related to a Platform Services Agreement between the two parties. Specific details of the claims have

Endeavour Group (ASX:EDV) has released an F25 first quarter trading update. The company reported stable sales for the quarter. Sales for the 14-week period ending 6 October 2024 totalled $3.1bn, up slightly from $3.09bn in the same period last year. Endeavour is a leader in the retail and hospitality sectors. It owns prominent retail brands like