Market updates

Auckland Airport Partners with Downer Group's Hawkins for $735 Million Terminal Construction
September 16, 2024 09:20 PM AEST| By Team Kalkine MediaAuckland International Airport Limited (ASX:AIA),has entered into a significant partnership with Hawkins, a subsidiary of,Downer EDI Limited (ASX:DOW),,to oversee the development of a new domestic jet terminal building. The contract, valued at NZ$800...

Woodside Energy US Investor Event Presentation
September 16, 2024 09:13 PM AEST| By EODHDNEW YORK, September 16, 2024--(BUSINESS WIRE)--Woodside Energy Group Ltd (ASX: WDS) (NYSE: WDS) (LSE: WDS): A US investor event providing an overview of the global LNG industry and Woodside’s LNG busi...

Lendlease Divests US Construction Business, Focuses on UK Sale
September 16, 2024 08:48 PM AEST| By Team Kalkine MediaLendlease Group (ASX: LLC), a global property and infrastructure company, has announced the completion of the sale of its US East Coast construction operations to Consigli Building Group, a leading US construction firm. This move is part of Lendlease...

Exciting Moves in the ASX Market: Vanadium and Tech Stocks Making Headlines
September 16, 2024 08:29 PM AEST| By Team Kalkine MediaThe Australian Securities Exchange (ASX) has seen some noteworthy developments recently, particularly with stocks involved in vanadium and innovative technology. Here’s a look at the latest advancements and market reactions.,Vanadium Resources (ASX:...

Auckland International Airport to Raise $1.3 Billion Amidst Airline Tensions
September 16, 2024 08:28 PM AEST| By Team Kalkine MediaAuckland International Airport (ASX: AIA) has announced an ambitious plan to raise NZD 1.4 billion (approximately USD 1.3 billion) from shareholders to support a major capital raising effort aimed at funding extensive upgrades to its facilities. The...

Qantas Increases Ticket Change Fees by 20% Despite Customer-Centric Promises
September 16, 2024 08:27 PM AEST| By Team Kalkine MediaQantas Airways Limited (ASX: QAN) has announced a significant increase in its ticket change fees, raising the cost by 20% starting from October 9, 2024. Under the new fee structure, customers will be charged $119 to change the name, date of travel, o...

P&N Bank Abandons Merger with Beyond Bank Amid RAMS Controversy
September 16, 2024 08:26 PM AEST| By Team Kalkine MediaIn a significant development within the Australian banking sector, Perth-based P&N Bank has decided to cancel its planned merger with Beyond Bank Australia. This decision comes in the wake of revelations about Beyond Bank's Chief Executive, Jake Brom...

Central Bank Meetings in Focus: Fed, BoE, and BoJ Set to Make Key Decisions
September 16, 2024 08:21 PM AEST| By Team Kalkine MediaThis week, pivotal decisions from central banks in Washington, London, and Tokyo are expected to shape the trajectory of global financial markets. The Federal Reserve (Fed), the Bank of England (BoE), and the Bank of Japan (BoJ) are all scheduled for...

Qantas Airways Increases Ticket Modification Fees by 20% Amid Economic Pressures
September 16, 2024 08:20 PM AEST| By Team Kalkine MediaQantas Airways Limited (,ASX:QAN,) has recently announced a significant increase in its fees for modifying tickets, a decision that is expected to impact a large segment of its customer base. Effective from October 9, 2024, the new fee structure will...
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Bank Merger Scrapped Amid Fallout from RAMS Home Loans Controversy
September 16, 2024 08:18 PM AEST| By Team Kalkine MediaIn a significant development within the Australian banking sector, Perth-based lender,P&N Bank (ASX:PBK),has decided to terminate its proposed merger with Adelaide’s,Beyond Bank (Unlisted),. This decision follows revelations regarding Beyond Bank’s C...

US Futures Flat as Global Attention Shifts to Federal Reserve Decision
September 16, 2024 06:55 PM AEST| By Team Kalkine MediaAs of 12 PM Sydney time on Monday, US futures for the S&P 500 and NASDAQ are showing minimal movement, with the former up by 0.03% and the latter down by 0.03%. This static performance reflects the current global uncertainty regarding the US economic...

Examining the HUB Share Price in 2024
September 16, 2024 06:46 PM AEST| By Team Kalkine MediaHub24 Ltd has seen a significant increase in its share price, rising by 59.3% since the beginning of 2024. Established in 2007, Hub24 has rapidly emerged as a prominent player in the wealth management sector, offering platforms and software solutions...

Alcoa to Sell $1.6 Billion Saudi Stake in Joint Venture with Ma’aden
September 16, 2024 05:09 PM AEST| By Team Kalkine MediaAlcoa Corporation (NYSE: AA),,one of the world’s leading producers of aluminum, has announced that it will sell its entire 25.1% stake in its joint venture with Saudi Arabian Mining Company (Ma’aden). The deal, valued at $1.6 billion, includes the sa...

Enero Group Appoints Ian Rowden as New Chairman Amid Leadership Changes
September 16, 2024 05:04 PM AEST| By Team Kalkine MediaEnero Group Limited (ASX: EGG),,the global marketing, technology, and communications company, has announced a significant leadership change with the resignation of chairwoman Ann Sherry. She will be succeeded by Ian Rowden, an independent non-executi...

Investors May Be Repeating the Mistakes of the Dotcom Crash: A Cautionary Tale for Modern Markets
September 16, 2024 05:00 PM AEST| By Team Kalkine MediaIn the late 1990s, investor enthusiasm for internet-based stocks reached fever pitch, driving market valuations to extreme heights. As technology companies promised to revolutionize the way the world operated, share prices surged, often detached from...

Gold Surges to Record Highs Amid Anticipation of Federal Reserve Rate Cuts
September 16, 2024 04:50 PM AEST| By Team Kalkine MediaGold prices surged to record highs last week, driven by expectations of an upcoming interest rate cut by the US Federal Reserve, coupled with a weakening US dollar and growing investor interest. Spot gold reached an unprecedented level of $2,585.99 p...

Beyond Bank (ASX:BYD) and P&N Bank (ASX:PNB) Merger Cancelled Amid Leadership Reshuffle
September 16, 2024 04:49 PM AEST| By Team Kalkine MediaThe planned merger between mutual lender Beyond Bank (ASX:BYD) and Perth-based P&N Bank (ASX:PNB) has officially been called off, marking a significant shift in the Australian mutual banking sector. The decision to cancel the merger comes in the wake...

Iron Ore Prices Under Scrutiny Following Disappointing Chinese Economic Data .
September 16, 2024 04:45 PM AEST| By Team Kalkine MediaIron ore, a critical commodity for global steel production, will be closely monitored by investors this week after weaker-than-expected economic data from China has raised questions about the health of the world’s second-largest economy. Over the wee...

Emerald Resources Maintains Production Guidance Despite Wall Slip at Cambodian Mine
September 16, 2024 04:45 PM AEST| By Team Kalkine MediaEmerald Resources (ASX: EMR),,a gold producer operating in Cambodia, has confirmed that it will maintain its output guidance of 25,000 to 30,000 ounces of gold at a grade of 2.0 grams per tonne (g/t) despite a minor wall slip at its Okvau Gold Projec...

ASX Poised to Test Record High as US Federal Reserve Approaches Historic Rate Cut
September 16, 2024 04:40 PM AEST| By Team Kalkine MediaAustralia’s sharemarket is on the verge of setting a new all-time closing high, with investors buoyed by the upcoming interest rate decision from the US Federal Reserve. This follows a period of heightened optimism surrounding the potential for a sof...

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