Market News

Data centre developer and operator NEXTDC (ASX:NXT) wants to raise the total amount it has asked investors for this year to a massive $2 billion, after revealing plans late Tuesday for a second large round of funding. The company raised A$1.3 billion in April (US$845 million) to support what was then an ambitious development plan. […]

Ouch! Hours after launching its new iPhone 16 and watch, along with other products, Apple has been hit by a shock court ruling in Europe, forcing it to pay €13 billion in taxes. This comes after the European Union’s top court upheld an order for Ireland to recoup up to $US14.35 billion, plus interest, in

Heavily indebted Mineral Resources (ASX:MIN) is slashing worker numbers and conditions at its WA mines and businesses as it receives FIRB approval to sell a 49% stake in a dedicated iron ore haul road, pocketing $1.1 billion from US investors. The sale of the stake in the iron ore haul road has been in progress

The S&P 500 marked its second consecutive winning session on Tuesday as Wall Street worked to stabilise during a turbulent September. The broad market index gained 0.45 per cent, closing at 5,495.52, while the Nasdaq Composite rose 0.84 per cent to settle at 17,025.88. Meanwhile, the Dow Jones Industrial Average slipped by 92.63 points, or

News Corp has acknowledged receipt of a letter from the activist shareholder group, Starboard Value, but immediately rejected its claims that the company’s current control structure—dominated by the Murdoch family via a voting/non-voting share structure—is problematic. Starboard Value’s stance on the voting/non-voting share structure and the control it grants the Murdochs emerged on Sunday after

Has the Reserve Bank’s “control inflation at all costs” approach caused it to miss the chance to ease pressures on the economy? This question arises after the latest NAB monthly survey of business conditions and confidence revealed that August saw July’s brief blip snuffed out, as worries about employment and profitability returned to the fore.

Australian shares rebounded on Tuesday, reflecting a rally on Wall Street as investors cautiously re-entered the market following last week’s sell-off. At 11:30am, the S&P/ASX 200 is 0.86 per cent higher at 8,057.10, driven by gains in banks and mining companies due to higher commodity prices. All 11 sectors rose, reversing Monday’s 0.3 per cent

To register for Friday’s webinar click here. Aruma Resources (ASX:AAJ) announces multiple high-grade copper results and antimony have been identified at Fiery Creek Project. Results cover over 600m of strike include; 11.83 per cent Cu, 11.53 per cent Cu, 9.95 per cent Cu and 9.53 per cent Cu. Shares are trading 168.75 per cent higher

Has sales and earnings growth stalled for Solomon Lew’s Premier Investments? This question arises from a terse update to the ASX on Monday, which strongly hinted that the company might see a dip in sales and profits for the year ending July 31. The full-year results will be released on September 25, but on Monday,

Monday, September 9, was the date Anglo American had indicated it would begin receiving bids for its five central Queensland coking coal mines. The quintet includes the productive Grosvenor underground mine, which was forced to close due to a fire at the end of June. Complicating the success of any sale is the significant slump