Market News

Well, Lithium Power International (ASX:LPI) was right when it described as “incorrect” a Bloomberg report suggesting a 50-cent-a-share offer from Codelco, the big state-owned Chilean copper miner. The deal, revealed on Wednesday (instead of the original Monday deadline), was at 57 cents for each LPI share. LPI said it had entered into a binding scheme […]

Don’t miss Friday’s webinar discussing imaging tech, laser tech and agricultural REITs. Click here to register. Whitehaven Coal (ASX:WHC) has been placed in a trading halt following an announcement by BHP that Whitehaven Coal is the preferred bidder for BHP’s Daunia and Blackwater coking coal mines in Queensland. This announcement was made in an unusual manner,

Whitehaven Coal (ASX:WHC) has halted trading in its shares until Friday as it finalises a substantial finance package to purchase BHP Mitsubishi Alliance’s Daunia and Blackwater export coking coal mines in Queensland. In an early morning statement on Wednesday, Whitehaven requested the trading halt, citing an impending announcement regarding its involvement in the sale of

ARN Media (ASX:A1N) and its partner, private equity firm Anchorage Capital Partners, will have to navigate key regulators before finalising their $225 million non-binding takeover offer for rival radio broadcaster Southern Cross Media (SCA). ARN owns major radio stations, including KIIS FM, home to Kyle and Jackie O in Sydney, as well as the Pure

The S&P 500 closed near the flat line on Tuesday as investors analysed the latest bond yield moves and corporate earnings season gained steam. The broad index slipped 0.01 per cent to end at 4,373.20, while the Nasdaq Composite slipped 0.25 per cent to 13,533.75. The Dow Jones Industrial Average added 13.11 points, or 0.04

Ozempic, the miracle drug initially designed to combat diabetes but now renowned for its effectiveness as a weight-loss treatment, is sending shockwaves through the ASX as short sellers bet heavily against its potential impact on market valuations. This pharmaceutical sensation, which has caused a global shortage due to soaring demand for off-label use, is captivating

Nvidia has found itself in the crosshairs of expanded U.S. export controls on artificial intelligence (AI) semiconductor chips destined for China. This move by U.S. regulators could have significant implications for the company, which derives nearly one-fifth of its revenue from Chinese sales, according to its latest quarterly earnings report. The Biden administration is reportedly

Once again, the strength of consumer demand and buying has caught market economists and analysts off guard, resulting in a significant miss in their estimates of US retail sales for September. The market forecasted a modest 0.3% increase, which fell far short of the actual 0.7% rise. This surprising surge was accompanied by a notable

A nervous Reserve Bank board has its hand on the interest rate lever, ready to push the cash rate up to 4.35% at the Melbourne Cup meeting on November 7 if it feels inflation is getting out of hand. The minutes of the October board meeting, released on Tuesday, clearly show that the bank and

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the war in Israel and oil. Key points:The war in Israel has added to the upside risks to oil prices and downside risks to shares in the near term.If Iran stays out of the conflict & a major supply disruption is avoided