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ASX 200 closes in red; materials leads gains, IT & energy fall

 ASX 200 closes in red; materials leads gains, IT & energy fall

The ASX 200 benchmark index closed in the red today (December 7), losing 39.90 points or 0.55% to end at 7,251.40 points.

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Is Lithium Really The Planet’s Saviour?

Is Lithium Really The Planet’s Saviour?

Battling climate change is and has been at the forefront of priorities in both the public and private sector for some time now. The batteries of electric vehicles are made up of lithium; and it’s this commodity that’s been touted as the key ...

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BPH Energy (ASX:BPH) zooms 7.7% as Advent eyes 30% stake in Taranaki Basin assets

BPH Energy (ASX:BPH) zooms 7.7% as Advent eyes 30% stake in Taranaki Basin assets

  • July 27, 2022 02:32 PM AEST | Akshay

BPH investee Advent Energy Limited has secured a right to acquire a 30% participating ownership of Petroleum Exploration Permits (PEP).,The tenements stretch over an area of 5,180 km,2,in the Taranaki Basin.,Shares of BPH Energy zoomed 7.7% ...

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Raiden Resources (ASX:RDN) executes access agreement for Mt Sholl Project

Raiden Resources (ASX:RDN) executes access agreement for Mt Sholl Project

Raiden signs the Native Title and Heritage Exploration Agreement for its Mt Sholl Ni-Cu-Co-PGE Project.,Raiden plans to commence the Heritage Survey on planned drilling targets in late August this year.,The company has completed the technic ...

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Which Companies are Launching IPO On ASX This July?

Which Companies are Launching IPO On ASX This July?

Oceana Lithium has undertaken an AU$6-Million public offering at an AU$0.20 issue price. Regener8 Resources NL has undertaken an AU$5.5-Million public offering at an AU$0.20 issue price. Chalkos Metals has undertaken an AU$8 -Million public ...

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3 Altcoins To Consider In Bearish Market

3 Altcoins To Consider In Bearish Market

Polygon, Uniswap, and Cosmos were some of the altcoins which were witnessing a healthy rally as opposed to Bitcoin, Ethereum, and Cardano....

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CBA, ANZ, NAB: ASX bank stocks to watch out for amid recession fears

CBA, ANZ, NAB: ASX bank stocks to watch out for amid recession fears

Post Lowe’s speech, the banking sector sell-off has paused. ASX200 Banking index (XBK) is up from its six-month low. Covered here are share price movements of National Australia Bank Ltd (ASX:NAB), Commonwealth Bank of Australia (ASX:CBA), ...

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Oil prospects: current economic milieu and path to recovery

Oil prospects: current economic milieu and path to recovery

The connection between oil prices movement and economic performance is too profound. According to the IMF, a deeper global recession is expected with output to shrink by 4.9% in 2020 than the 3% contraction predicted in April. As new cases ...

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lululemon pays half a billion for MIRROR

lululemon pays half a billion for MIRROR

lululemon athletica inc., a healthy lifestyle inspired athletic apparel company, has reached a deal to acquire exercise hardware start-up MIRROR. In the last decade, apparel retailers faced distress, leading to closure of many stores, bank ...

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Amazon's Jeff Bezos sets a new record as world's richest person, with net worth above $171 billion

Amazon's Jeff Bezos sets a new record as world's richest person, with net worth above $171 billion

As large and popular as Amazon.com, Inc. is today, it is difficult to imagine that it all started from a garage. Presently, on revenue front, Amazon is the major e-commerce entity worldwide, or rather, we should address it as an internet b ...

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Pain in the Game: Qantas Over JobKeeper Scheme 

Pain in the Game: Qantas Over JobKeeper Scheme 

Since the beginning of coronavirus crisis, we have heard a lot about Virgin Australia Holdings Limited (ASX:VAH), which saw its worse during the unprecedented crisis and went into voluntary administration. Not only the A ...

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