Market updates

AER Rejects APA Group’s Proposal to Regulate Basslink Transmission Network
December 17, 2024 05:39 PM AEDT| By Team Kalkine MediaHighlights,AER rejects APA Group’s proposal to regulate,Basslink,.,Basslink,will continue,operating,in the open market,.,APA Group expands with new pipeline agreements in Northern Territory,.,The Australian Energy Regulator (AER) has denied APA Group...

Axel REE Uncovers High-Grade Gallium and Rare Earths at Caladão Project
December 17, 2024 05:38 PM AEDT| By Team Kalkine MediaHighlights,Axel REE,reports,high-grade gallium,mineralisation,at the,Caladão,rare earths project,.,Gallium is primarily concentrated near-surface, enhancing economic potential alongside rare earths,.,Significant drilling results highlight thick, high...

ASX Market Update: Real Estate Stocks Drive Recovery Amid Mixed Sector Performance
December 17, 2024 02:56 PM AEDT| By Team Kalkine MediaHighlight:,ASX rebounded with a 0.67% gain, reaching 8,305 points.,Real Estate and Telecommunication sectors led the market surge, while Energy and Utilities lagged.,Notable company moves include,DigiCo,Infrastructure REIT, PEXA, and Ventia with sign...

ASIC Files Legal Action Against HSBC Australia for Alleged Scam Failures
December 17, 2024 12:37 PM AEDT| By Team Kalkine MediaHighlights,ASIC sues HSBC Australia over handling of scam-related failures,.,HSBC Australia customers,reportedly lost,$23 million across,unauthorised,transactions,.,Allegations point to significant delays in investigating and restoring access,.,The A...

Velox Energy Materials Extends ASX Dual Listing to March 2025
December 16, 2024 02:26 PM AEDT| By Team Kalkine MediaHighlights,Velox Energy Materials reschedules its ASX dual listing to March 2025,.,A cornerstone investment from QCMBTF secures a stake of up to 19% in Velox,.,Funds to support key projects including the North Queensland Vanadium Project and,Kotai,Hy...

ASX Slips Amid Inflation Concerns Sparked by US Trade Policies
December 16, 2024 01:48 PM AEDT| By Team Kalkine MediaHighlights,ASX experiences a decline following inflation concerns linked to proposed US trade tariffs,.,Mining and materials sectors face pressure amid mixed signals from China and the US,.,Leading uranium and gold miners,witness,notable declines in...

Australia Faces Budget Challenges Amid Mining Sector Slowdown
December 16, 2024 01:05 PM AEDT| By Team Kalkine MediaHighlights,Australia,anticipates,a significant mid-term budget downgrade,.,Declining returns from mining exports impact fiscal projections,.,Cost-of-living support,remains,unaffected despite economic pressures,.,Australia’s federal budget is set for...

Australia’s Boost to Critical Minerals Sector: Net-Zero Transition in Focus
December 16, 2024 12:46 PM AEDT| By Team Kalkine MediaHighlights,Grants aim to bolster Australia’s role in critical minerals processing,.,Key funding recipients include (ASM), (TVN), and (RNU),.,Projects target net-zero goals and international collaboration,.,The Australian Government has announced a si...

Australian Mining Stocks Slide as Commodity Prices Weaken
December 16, 2024 11:57 AM AEDT| By Team Kalkine MediaHighlights,Australian mining stocks pull the S&P/ASX 200 index lower due to falling commodity prices,.,Key players like BHP Group (BHP) and Rio Tinto (RIO) see significant declines,.,Global financial markets await updates on China's economic policies...

Weekly Market Wrap: Australian Shares Slide Amid Chinese Stimulus Doubts
December 16, 2024 11:38 AM AEDT| By Team Kalkine MediaHighlights,Australian markets dip amid doubts over Chinese economic stimulus,.,Major miners, including (BHP) and (RIO), face declines,.,Pockets of optimism seen in software and financial services sectors,.,Australia’s share market closed at a one-mon...
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Mystery Drones in Northeast US Spark Security Concerns
December 13, 2024 06:12 PM AEDT| By Team Kalkine MediaHighlights,Large unidentified drones spotted across New Jersey, New York, and Pennsylvania.,Authorities confirm no foreign or US military origin for the drones.,Ongoing investigations focus on identifying drone operators.,Reports of large, unidentifi...

Russia and India Forge $13 Billion Energy Partnership with Decade-Long Oil Deal
December 13, 2024 05:26 PM AEDT| By Team Kalkine MediaHighlights,Rosneft signs a decade-long crude supply agreement with Reliance.,India strengthens energy ties with Russia amidst global shifts.,The agreement represents a significant share of Rosneft's exports.,In a significant development for the globa...

Nuclear Energy Push: Calls to Lift Australia's Uranium Mining Ban
December 13, 2024 02:50 PM AEDT| By Team Kalkine MediaHighlights,Minerals Council advocates lifting uranium mining bans to enhance Australia's energy strategy,.,Nuclear energy proposed as essential for achieving net-zero emissions targets,.,Australia poised to lead in uranium exports and global clean en...

Australian Market Slips as Labour Data Pushes Rate Cuts Further into 2025
December 13, 2024 11:05 AM AEDT| By Team Kalkine MediaHighlights,Australian market slides as,labour,data influences rate cut expectations,.,S&P/ASX 200 drops amidst sector-wide declines,.,Unemployment falls,,impacting,Reserve Bank rate outlook,.,The Australian stock market witnessed a decline as strong...

US Inflation Climbs to 2.7%, Shaping Economic Outlook for 2025
December 12, 2024 06:16 PM AEDT| By Team Kalkine MediaHighlights,US inflation reaches an annual rate of 2.7% in November, the highest since July.,Shelter and food costs continue to drive inflationary pressures.,Core inflation remains steady at 3.3%, influencing Federal Reserve discussions.,Inflation in...
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Australian Court Imposes $8M Penalty on Kraken Operator for Credit Facility Breach
December 12, 2024 06:10 PM AEDT| By Team Kalkine MediaHighlights,Federal Court fines Bit Trade $8 million for regulatory breaches.,ASIC's legal action addresses failures in compliance with DDO obligations.,Kraken's margin extension caused significant financial losses to customers.,The operator of the Kr...

Victoria's Mining Sector Set for Transformation with Strategic Reforms
December 12, 2024 05:56 PM AEDT| By Team Kalkine MediaHighlights,Victorian government strengthens mining sector with key initiatives.,Approvals for critical minerals projects streamline development.,Local companies highlight transformative policy impacts.,The Victorian mining sector is gaining significa...

Construction Industry Faces Record Industrial Disputes, Calls for Reform
December 12, 2024 04:12 PM AEDT| By Team Kalkine MediaHighlights,Industrial disputes in the Australian construction sector surge significantly.,Master Builders Australia urges the government to establish a dedicated industry regulator.,Legal challenges by union officials add complexity to ongoing disput...

ASX Poised for Gains Amid Nasdaq Surge and Global Market Strength
December 12, 2024 02:31 PM AEDT| By Team Kalkine MediaKey Highlights:,Strong Global Market Performance,:,US and European markets show robust growth, with the Nasdaq hitting a new all-time high. The S&P 500 and European aerospace stocks also saw notable gains, setting a positive tone for the ASX.,Inflati...

Japanese Yen Faces Challenges Amid Mixed Economic Signals, Fed’s Rate Cut Expectations
December 12, 2024 02:28 PM AEDT| By Team Kalkine MediaHighlights,The Japanese Yen (JPY) gains slight momentum but faces limited upside potential.,Expectations of a Fed rate cut and geopolitical risks support the safe-haven JPY.,The Bank of Japan (BoJ) signals caution on further rate hikes, keeping JPY's...

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