Market News

Rio Tinto will take control of a $2.4bn uranium mine rehabilitation project for its majority-owned subsidiary Energy Resources of Australia (ERA), ending a long-running dispute with minority investors over control of the company and its former mine near Kakadu National Park in the Northern Territory. That’s after the Takeovers Panel stood by its decision to […]

Fuel refiner and retailer Ampol (ASX:ALD) is facing a rough end to 2024. Problems that emerged in the three months to September are continuing into the final quarter of the financial year. The problems cost it around $100 million in lost earnings in the September quarter. From the tone of Tuesday’s update, another hit this

Nathan Simiana, Director for Industrials and Smart Manufacturing at Deloitte, discusses transforming industry through data-driven decision-making. Abbey Phillipps: I’m Abbey Phillipps for the Finance News Network, and today we’re talking about emerging industrial technologies. I’m joined by Nathan Simiana, who is a Director at Deloitte and a member of the Executive Council for the Internet

China’s commodity imports were surprisingly strong in September, despite the overall weakness in inbound shipments and the sharp softening in export growth. In fact, iron ore imports hit a 2024 high, copper jumped sharply and coal (thermal coal mostly) topped previous all-time highs. Oil imports were the only marked weakness as demand softens and the

Pilbara Minerals (ASX:PLS) looks to have secured a large enough funding package to help it navigate the ongoing downturn in lithium. Even after repaying two existing debts totaling more than half a billion dollars, the new $1 billion facility, along with over $1 billion in cash on hand, will provide the country’s largest independent lithium

The Australian sharemarket surged to a record high at the opening on Tuesday, driven by optimistic sentiment from Wall Street. At 11:40am, the S&P/ASX 200 is 0.82 per cent higher at 8,320.40. The SPI futures are pointing to a rise of 63 points. Best and worst performers The best-performing sector is Financials, up 1.19 per

To register for Friday’s webinar click here. African Gold (ASX:A1G) has announced results from the recently completed diamond drillhole,the second out of six drilled on the Blaffo Guetto prospect, on the Company’s Didievi Gold Project. The drilling program was designed to test possible extension of the gold lodes and to infill previous drilling on gold

The S&P 500 and Dow Jones Industrial Average reached new records on Monday as investors looked ahead to the next round of key corporate earnings. The broad market index climbed 0.77 per cent to 5,859.85, while the 30-stock Dow advanced by 201.36 points to 43,065.22. Both averages set all-time highs and closed at record levels,

More evidence suggests that the Chinese economy is weak, and the patchy stimulus measures announced in the past two weeks may be too little, too late. Over the weekend, consumer price growth slowed alarmingly, with the economy again hovering on the edge of a return to deflation. For manufacturers and producers, deflation deepened once more

Weebit Nano Limited (ASX:WBT) Chairman Dadi Perlmutter discusses the company’s innovative ReRAM technology as a superior alternative to flash memory. ReRAM has huge market potential, usable in devices from cars to smartphones. Abbey Phillipps: I’m Abbey Phillipps with the Finance News Network, and today I’m talking with Chairman David, aka “Dadi”, Perlmutter, from Weebit Nano