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Oil wobbles as market waits on Powell

Global oil prices wobbled lower in Asian trading in a holiday-shortened Monday session with traders waiting for two separate appearances by Fed chair Jay Powell later this week. Before Powell speaks, China is expected to cut its remaining key interest rates by 0.10 per cent and perhaps reveal more details of stimulus plans later in […]

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Lynas facing possible delay

Lynas Rare Earths (ASX:LYC) is facing a possible interruption to the start up of its $575m Kalgoorlie Rare Earths Processing Facility in WA’s goldfields. Lynas told the ASX in a surprise update on Monday that while the feed-in of key materials will begin as planned before the end of June, delays to two key parts

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Key events to watch this week

US markets will observe a closure on Monday in observance of the Juneteenth holiday, with trading set to resume on Tuesday (Wednesday AEST). While US investors take a day off, the Australian market will focus on key events and announcements scheduled for the week. On Tuesday, all eyes will be on the Reserve Bank of

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PointsBet enters negotiations with DraftKings for sale of its US business

Australian sports betting powerhouse PointsBet (ASX:PBH) has increased by nearly 20 per cent to its highest level in a month after announcing to the market that they are set to engage in talks with DraftKings, in hopes of securing a higher offer price for its US business. DraftKings has made an unsolicited all-cash offer of

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