Market News

Global oil prices steadied in early Asian trading on Thursday after slumping earlier in the session due to the surprise news that an OPEC+ meeting had been postponed by four days to the following week. The meeting, originally scheduled for this Sunday, was widely expected to result in an extension of Saudi Arabia and Russia’s […]

In a surprise announcement late Tuesday, Warren Buffett’s company, Berkshire Hathaway, revealed it has received a letter detailing what appears to be his successor and the trustees of his huge fortune, valued at more than $118 billion (more than $180 billion AUD). It was a letter that doesn’t appear to have been sent by the

Ahead of the start of the real “Black Friday” sales season in the US, the third-quarter reports from some of America’s major retailers have been less than stellar, indicating the need for a significant end-of-year push. With consumers cutting discretionary spending globally, retailers of all sizes are facing inconsistent demand and sales, with electronics, white

Business media and market chatter had the New Zealand pharmaceutical and animal products giant, EBOS (ASX:EBO), poised to finalise a $3.75 billion acquisition of the Greencross animal care group. The Financial Review boldly stated, “Trans-Tasman pharma distributor EBOS will pay $3.75 billion to acquire TPG Capital-backed pets and vets business Greencross, details of which were

Westgold Resources (ASX:WGX) has raised eyebrows in the mid-cap mining sector with the announcement of a $100 million revolving credit facility. This news comes at a time when the company boasts $217 million in cash and liquid assets at the end of the first quarter. Westgold disclosed on Wednesday morning that the credit facility is

Moneyspot, a lending entity specialising in short-term financial solutions, offers fast online personal cash loans to address immediate financial requirements. MoneySpot uses invested money to lend to thousands of retail customers through several different consumer loan brands. The loans are up to $5,000, and the term of the loan is less than five months. The consumer

Little Green Pharma (ASX:LGP) chief executive Paul Long attests to official data showing the rapid uptake of medical cannabis in Australia – albeit with some informal anecdotal observations. The Perth-based, ASX-listed grower and provider of cannabis oils and flowers estimates that seven years after medicinal cannabis was legalised under stringent conditions, 2.5 to 3 per

Jonathan Fisher serves as the CEO of Cauldron Energy (ASX:CXU). Cauldron Energy is primarily engaged in exploration activities, with a specific focus on uranium and critical minerals in the Western Australia region. During the interview, Jonathan shared insights into his background and the historical development of Cauldron Energy, with a particular emphasis on their uranium-related

Australia’s stock markets remained stable ahead of the Thanksgiving Day holidays in the United States. Various sectors displayed a mixed performance, as gains in materials, energy, utilities, and healthcare balanced out declines in property, technology, communications, and consumer discretionary. At the closing bell, the S&P/ASX 200 was 0.07 per cent lower at 7,073.40. Futures The

Sims Ltd (ASX:SGM), the scrap metal recycler, has received inquiries from potential buyers regarding its UK scrap metal business. The company initially announced a review of its UK operations during its annual results briefing and commentary in August. Yesterday, Sims informed the ASX that it had been approached by undisclosed parties interested in the business.