Market News

On the opening day of the Munich Motor Show (IAA) in Munich, Germany, Ecopro BM Co. announced a groundbreaking deal with Samsung SDI Co. that could reshape the electric vehicle (EV) market. This announcement comes as Europe’s automakers gather at the IAA Mobility car show, aiming to compete with Tesla Inc. and confront the growing […]

The $20 billion (enterprise value) bid for Australia’s Origin Energy (ASX:ORG) has been defeated, leaving the company to chart its own path once again. Shareholders failed to approve the deal, despite approximately 69% of the shares being cast in favor of the year-long attempt to buy the country’s largest power retailer from Brookfield of Canada

Worrying signs are emerging for Australian lithium miners and processors in the wake of China’s enormous electrified car market. Industry leader BYD has reported no growth in sales for battery-powered vehicles since October. Simultaneously, the company has recorded a second successive month of weak sales for plug-in hybrids, a popular form of electrified vehicles in

Recent regulations issued by the US Department of Energy are set to have significant implications for Australia’s lithium sector. These regulations, introduced as part of the Biden Administration’s Secure Supply Chain Initiative, redefine the landscape for foreign entities, particularly those with substantial Chinese ownership, seeking government subsidies in the United States. US Regulations and Foreign

Metcash (ASX:MTS), the supermarkets, hardware, and liquor group, has reduced its interim dividend for the six months ending on October 31 due to a noticeable slowdown in earnings growth. The company announced on Monday that shareholders will receive 11 cents per share as the interim dividend, down from 11.5 cents a year ago and equal

Global semiconductor developer BluGlass (ASX:BLG) has signed a US$1.775M (AU$2.6M) contract with North Carolina State University (NCSU) for laser development activity in FY24. BluGlass CEO Jim Haden said, “We are thrilled to have secured our first contract as part of the CLAWS Hub, where we will be collaborating with recognised industry leaders to develop and

In a surprising announcement, New Zealand-based insurer Tower has declared a strategic review of its ownership structure. The announcement came as a surprise because just 11 days ago, there were no indications of such a review or the need for it in the insurer’s 2022-23 annual results. These results were dominated by the adverse financial

At noon, the S&P/ASX 200 is 1.28 per cent higher at 7,163.40, following the upward movement seen on Wall Street. This uptick in market performance coincides with increasing speculation that global central banks have concluded their efforts to raise interest rates. The SPI futures are pointing to a rise of 86 points. Best and worst

The S&P 500 soared to a closing high for 2023 on Friday, extending November’s rally into the new month. The broad market index rose by 0.59 per cent, ending the session at 4,594.63. The tech-heavy Nasdaq Composite advanced 0.55 per cent to 14,305.03. The Dow Jones Industrial Average added 294.61 points, or 0.82 per cent,

There are several significant market drivers both locally and internationally this week. In addition to Australia’s release of monthly and quarterly data, including an RBA meeting, investors must consider the US stock market surge, the health of the US economy, and its impact on interest rates and falling bond yields. With record-breaking gold prices, declining