Market News

On Tuesday, the sharemarket rebounded, driven by gains in the energy and mining sectors due to a recovery in commodity prices. Investors remained focused on the upcoming release of US inflation data to gain insights into the future trajectory of interest rates, despite a drop in consumer sentiment and declining future confidence in economic conditions […]

In an effort to delve deeper into the evolving development of the world-class unconventional gas resource situated in the Beetaloo Sub-basin in Australia’s Northern Territory, a special webinar is set to take place on Wednesday, 15th November 2023. This event promises to provide valuable insights into the potential of the Beetaloo Basin and its significance

The S&P/ASX 200 index rose by 0.66 per cent to reach 6,994.60, driven by robust performances in the energy, mining, gold, and lithium sectors, which benefited from a rebound in commodity prices. This increase coincided with the continuation of gains in iron ore futures, driven by optimism surrounding China’s property market. Additionally, investors are closely

Peter Milios: Hi, I’m Peter Milios from the Finance News Network, and today we’re talking with Chariot Corporation. Chariot Corporation is dedicated to seizing early opportunities in the global lithium industry, with a current focus on projects in the United States to boost domestic lithium supply for US battery manufacturers. We have with us CEO and

The 2023-24 fiscal year has been tough for the Brisbane-based global testing group, ALS (ASX:ALQ). The first half, ending in September, saw a slight rise in revenue followed by a drop in earnings. This trend continued as the interim dividend was trimmed after the unexpected departure of the CEO just before the end of the

The S&P/ASX 200 has risen by 0.6 percent to reach 6991, driven by a recovery in commodity prices. Investors are eagerly awaiting crucial US inflation data to gain insight into whether interest rates have reached their peak in the world’s largest economy. Over on Wall Street, the market indices exhibited caution in anticipation of the

Altech Batteries (ASX: ATC and FRA: A3Y) announced that their Definitive Feasibility Study (DFS) has managed to expand the project’s output by eightfold, increasing the capacity from 15 gigawatt-hours (GWh) to 120 GWh, with no change to plant and equipment. The plant will now focus on solely producing alumina-coated metallurgical silicon product at a rate

The Commonwealth Bank (ASX:CBA) reported virtually no profit growth in the first quarter of its 2023-24 fiscal year, indicating potential challenges for both the bank and the sector after strong results in 2022-23. In its Q1 update on Tuesday, CBA revealed unaudited cash earnings of approximately $2.5 billion, remaining flat compared to the final months

The S&P 500 ended Monday’s session near the flat line as traders prepared for the release of key inflation data. Investors were looking ahead to October’s reading of the consumer price index, due Tuesday, as the next catalyst for markets. Headline inflation is expected to have grown 3.3 per cent on an annualised basis, according

The ANZ Bank’s 2022-23 annual results, announced on Monday with their solid bottom line and higher dividends, have capped off the best year in five years for our Big Four banks: Commonwealth, NAB, Westpac, and ANZ. The rate rises from the Reserve Bank have helped fatten the key net interest margins (NIMs) of the banks,