Market News

Uranium mining and processing stocks, along with an exchange-traded fund, surged on Wednesday following a Reuters report that Russian President Vladimir Putin suggested Russia may restrict exports of uranium, titanium, and nickel in response to Western sanctions over the invasion of Ukraine. Canada’s Cameco Corp. saw its shares jump 6.4%, while NexGen Energy climbed 4.3%, […]

Global inflows into exchange-traded funds (ETFs) are on track to hit record highs this year, with investors continuing to pour money into the market despite volatility and the traditional summer slowdown. According to BlackRock data, ETFs attracted a net $129.7 billion in August, a slight drop from July’s record of $198 billion but still above

Rightmove, the UK property listings group, has rejected REA Group’s (ASX:REA) £5.6 billion ($A11.02 billion) cash and share offer. REA shares were down nearly 3% after its statement to the ASX on Wednesday, which revealed the terms of the bid and its rejection (or rather, dismissal). In its statement, REA Group disclosed that it had

Volkswagen (VW) is preparing for a massive conflict with its unions after scrapping a series of agreements on Tuesday, less than a week after the company revealed it was considering closing at least two plants in Germany and laying off tens of thousands of workers. The driver of this hardline approach is the drop in

NextDC (ASX:NXT) was caught in a rush by investors eager to participate in its surprise $550 million equity issue to major shareholders on Tuesday night. However, by the close on Wednesday, there were signs the market wasn’t as enthusiastic as it had seemed earlier. The data centre group informed the ASX on Wednesday morning that

Twiggy Forrest’s privately-owned Wyloo Metals group will get its first taste of a major producing mine and high-quality prospect in Greatland Gold’s anticipated acquisition of the Telfer gold-copper mine in WA, as well as the nearby Havieron prospect, from Newmont for more than A$700 million. Wyloo is Greatland’s largest shareholder and announced on Wednesday that

The Chinese car industry is still struggling, even though sales of EVs remain solid, and giants like BYD have upgraded their 2024 sales and production estimates. August marked the second consecutive month of a 5% fall in vehicle sales compared to the same period last year. Data from the China Association of Automobile Manufacturers (CAA)

Lenders to Star Entertainment (ASX:SGR) have reportedly offered an additional $150 million to help the struggling casino group survive a cash crunch caused by cost blowouts at its new Brisbane casino and the ongoing weakness in patronage at its gambling operations in Sydney, Brisbane, and the Gold Coast. Media reports last night stated that the

CATL’s decision to suspend lithium production in Jiangxi has sent shares of major lithium producers soaring, following a prolonged price slump caused by overcapacity in the sector. In a research note released today, UBS analyst Sky Han and his team confirmed that CATL has decided to halt operations at its Jiangxi lithium facility. “This isn’t

Nicholas Chaplin, Director & Portfolio Manager of Seed Funds Management, critiques APRA’s proposal to phase out Additional Tier 1 (AT1) bonds, suggesting it could undermine the stability of Australian banks and leave retail investors exposed.  Topics discussed include:APRA’s proposalCurrent issues with AT1 instrumentsThe Australian contextTransition timelineImpact on banks, large and smallImpact on banking stabilityImpact on