Market Insights and Finance News

Orica boosts earnings

Shareholders in Orica (ASX:ORI), the world's biggest explosives group, will get a tiny lift in their interim dividends after the company boosted earnings off the…

Gas as a pillar of Australia’s future

The Albanese government is set to defy global trends with the release of a comprehensive plan today, backing the continued extraction and use of gas…

Stocks of the Hour: Alliance Nickel, Marquee Resources, M3 Mining

To register for Friday's webinar click here.Alliance Nickel (ASX:AXN) has announced that the Australian Federal Government has granted its 100% owned NiWest Nickel Cobalt Project…

ASX down 0.75% near noon: CBA records decrease in quarterly profit

Australian shares opened lower by 0.4% due to Commonwealth Bank's decreased quarterly profit, leading to selling pressure on financial stocks, while multiple retailers also declined…

Commonwealth Bank anticipates modest profit growth

The Commonwealth Bank (ASX:CBA) is expecting little growth in its full-year profit for the year ending on June 30th after revealing a dip in third-quarter…

Challenges mount for BHP’s bid on Anglo American

BHP’s (ASX:BHP) ambitions to buy Anglo American are facing problems in Brazil - not from competition and ownership concerns over Anglo’s iron ore business in…

Toyota records record net profit

Tesla might be the world’s most valuable carmaker by market value, but Japan’s Toyota Motor has confirmed its giant status when it comes to sales,…

US markets trade sideways as earnings season winds down

Markets traded close to flat on lighter newsflow as reporting season now nears its end. The Dow Jones was the only one of the major…

De Grey seeks $600m capital raise

De Grey Mining (ASX:DEG) seeks a massive $600 million from shareholders to establish the foundation for the debt required to finance its $1 billion-plus Hemi…

Analysis of NAB, Westpac, Lyft

Companies discussed include:National Australia Bank (ASX:NAB)Westpac Banking Corporation (ASX:WBC)Lyft

Magellan Podcast: Decoding the Magnificent Seven

Markets were taught a lesson in the turn-of-the-century’s dot-com bubble. Over excitement and massive investment in companies that hardly really existed, let alone made worthwhile…

Property up, mining down: ASX closes 0.14% higher

On Wednesday, gains in the tech and property sectors were counterbalanced by declines in the mining sector, following a 1.4 per cent increase in shares…

New Chair of Bendigo and Adelaide Bank

Bendigo and Adelaide Bank (ASX:BEN) has confirmed the appointment of Vicki Carter as the bank’s permanent chair, three weeks after David Foster stepped aside in…

ARN Media still pursuing Southern Cross Austereo

ARN Media (ASX:A1N) still harbors ambitions for control of Southern Cross Austereo (SCA), even though it lost its partner, private equity group Anchorage Capital, in…

Business conditions back around long-term readings

Ahead of Tuesday’s federal budget, the Australian economy eased in April, with business conditions and confidence back around long-term readings, but retail still remains very…

ASX closes one point higher ahead of federal budget

On Monday, the sharemarket closed with minimal change as gains in consumer stocks counterbalanced losses in energy, setting a cautious tone ahead of the federal…

Ramelius unveils plans for third million-ounce mine

Ramelius (ASX:RMS) announced that it will now have a third million-ounce mine project at its Mt Magnet area of interest in WA’s midwestern goldfields. In…

Stocks of the Hour: Anax Metals, Brightstar Resources, Element 25

Anax Metals (ASX:ANX) has announced that the strengthened copper prices have enhanced the Whim Creek economics by 32% providing a Pre-Tax NPV7 of $357M and…

ASX down 0.17% near noon: Investors await federal budget

The Australian sharemarket edged downwards, primarily driven by losses in financials, anticipating a federal budget presentation by Treasurer Jim Chalmers from the Labor government, expected…

Anchorage Capital Partners’ shock withdrawal

Private equity group Anchorage Capital Partners has stunned investors, including ARN, with its shocking decision to drop out of the bid for Southern Cross Austereo.…

Lithium Universe’s CEO Alex Hanly on North America’s Lithium revolution

Paul Sanger: Hi, I’m Paul Sanger for the Finance News Network, and today we’re talking to Lithium Universe. Lithium Universe has the ASX code LU7,…

Mixed week on Wall Street

A solid finish to the stock markets on Friday, but today will see a more circumspect ASX re-open. After gaining nearly 1.6% last week to…

Eyes on US consumer inflation

For all the noise and punditry about Tuesday night’s 2024-25 federal budget, investors will be looking later in the week to see what happened with…

China’s consumer prices rise for a third straight month

China’s consumer prices rose for a third straight month in April, while producer prices extended their declines, as cost pressures remained mixed across a stuttering…

"*" indicates required fields

Market Insights and Finance News