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Market updates
Sims Limited Faces Challenges in ANZ Operations Amid Weak Demand
September 19, 2024 11:49 AM AEST| By Team Kalkine MediaSims Limited (ASX: SGM), a prominent player in the scrap metals recycling industry, has reported that its operations in Australia and New Zealand are currently experiencing significant pressures due to declining demand from China. The company’s lates...
Monadelphous Group Secures $230 Million in New Contracts
September 19, 2024 11:48 AM AEST| By Team Kalkine MediaMonadelphous Group Limited (ASX: MND), a leading engineering company, has recently announced the acquisition of a series of contracts worth a substantial $230 million. This influx of new business is set to enhance the company's operations and reinfor...
Oil Prices Face Continued Decline Amid Mixed Signals
September 19, 2024 11:40 AM AEST| By Team Kalkine MediaOil prices,extended their losses for a second consecutive session, reflecting a complex interplay of factors that include diminishing demand in the United States and geopolitical tensions in the Middle East. As of the latest figures, West Texas Inter...
ASX to Follow Wall Street Lower Despite US Fed's 50bp Rate Cut
September 19, 2024 11:38 AM AEST| By Team Kalkine MediaASX futures indicate a 0.5% dip in early trading, reflecting the downturn in US and European markets.,US Federal Reserve Decision and Market Impact,The US Federal Reserve's recent decision to cut interest rates by 50 basis points (bps), lowering the...
ASX 200 Set to Decline Amid Fed Rate Cut and Mixed Market Sentiment
September 19, 2024 09:42 AM AEST| By Team Kalkine MediaThe ASX 200 futures are indicating a drop, trading 38 points lower or down by 0.46% as of 8:30 am AEST. The US Federal Reserve's decision to cut interest rates by 50 basis points led to brief rallies in both stocks and commodities, but these gains we...
Lithium Royalty Corp. Provides Update on Winsome Resources Scoping Study for the Adina Lithium Project
September 19, 2024 09:10 AM AEST| By Business WireTORONTO--(BUSINESS WIRE)--$LIRC #LIRC--Lithium Royalty Corp. (TSX: LIRC) (“LRC”) is pleased to report that Winsome Resources Limited (“Winsome”) announced the completion of a scoping study for its 100...
Westwater Resources Supports Office of the United States Trade Representative Decision to Implement Section 301 Tariffs on Natural Graphite
September 19, 2024 04:00 AM AEST| By Business WireModified Section 301 tariffs will implement a new 25% tariff on natural graphite imports from China. Section 301 tariffs play a critical role in driving demand for U.S.-produced anode materials....
Former Booking.com Leader Joins Serko to Drive Business Impact From Data
September 19, 2024 02:00 AM AEST| By Business WireAUCKLAND, New Zealand--(BUSINESS WIRE)--Serko Ltd. (NZX:SKO), a leader in online travel for business, announced today the appointment of Matt Weaver as Head of Data. In his role as Head of Data, Matt...
Hang Seng, Nikkei 225, and ASX 200 Surge as Fed Rate Cut Boosts Optimism Across Asia
September 19, 2024 12:00 AM AEST| By Team Kalkine MediaOn September 18, the US Federal Reserve delivered an unexpected 50-basis point interest rate cut, exceeding market forecasts and impacting equity markets across the globe. This rate reduction, the first of its kind since early 2020, aimed to bolster...
Sector Update: Energy Stocks Decline Premarket Wednesday
September 18, 2024 11:20 PM AEST| By EODHDSector Update: Energy Stocks Decline Premarket Wednesday
Mixed-Energy Fleets on the Rise: Survey Finds 80% of Global Commercial Fleet Leaders Aim for at Least 25% of Their Fleets to Be EVs by 2030
September 18, 2024 11:00 PM AEST| By Business WireConducted by Frost & Sullivan and commissioned by WEX, the report offers insights for organizations managing mixed-energy fleets across markets in Europe, North America, and Asia-Pacific. PORTLAN...
Updates from the Biopharmaceutical Sector: Paradigm Biopharmaceuticals, Actinogen Medical, and Invion
September 18, 2024 06:57 PM AEST| By Team Kalkine MediaRecent updates highlight significant strides in the biopharmaceutical sector. Paradigm Biopharmaceuticals Ltd has received FDA feedback on its Phase III osteoarthritis study. Actinogen Medical Ltd has secured funding for its Alzheimer’s trial, and In...
Is the Business Council Chief Criticizing the Government’s Industrial Relations Reforms and Warning of Investment Shifts Abroad?
September 18, 2024 04:19 PM AEST| By Team Kalkine MediaBusiness Council Chief Criticizes Government's Industrial Relations Reforms, Warns of Investment Shift Abroad,The Business Council of Australia (BCA) is poised for a significant critique of Prime Minister Anthony Albanese’s industrial relations refor...
Australia's Harvey Norman served with class action over warranties
September 18, 2024 03:46 PM AEST| By EODHD(Reuters) - Australia's biggest appliance retailer Harvey Norman and one of its units have been served with a class action lawsuit on behalf of consumers who were allegedly sold bad warranties, law fi...
Essential Energy Conference: Key to Green Energy Transition is Streamlining Approvals
September 18, 2024 03:40 PM AEST| By Team Kalkine MediaWestern Australia is positioning itself to potentially become a ‘clean energy superpower’ in the coming years, according to state Environment and Energy Minister Reece Whitby. This ambitious goal is set to be achieved through a series of significant...
ASX 200 Steady Amid Mixed Sector Performance and Global Trends
September 18, 2024 02:20 PM AEST| By Team Kalkine MediaThe ASX200 index has maintained a steady position today, holding at 8,141 points. This relatively flat performance mirrors the lackluster activity observed on Wall Street, where markets also closed flat. This stability in the Australian index comes a...
RBA Explores Digital Currency for Financial Institutions Amid Consumers Concern
September 18, 2024 01:37 PM AEST| By Team Kalkine MediaThe Reserve Bank of Australia (RBA) is advancing its exploration of a new digital version of the Australian dollar, aimed at enhancing the efficiency of financial transactions and potentially saving banks and financial market participants billions an...
RBA Considers Digital Currency for Financial Institutions, Remains Skeptical on Consumer Use
September 18, 2024 01:36 PM AEST| By Team Kalkine MediaThe Reserve Bank of Australia (RBA) is increasingly confident in the potential benefits of a central bank digital currency (CBDC) for financial institutions, aiming to enhance efficiency in transaction settlements and save billions annually. However,...
Accenture's Deferred Promotions and Its Implications
September 18, 2024 01:35 PM AEST| By Team Kalkine MediaAccenture (NYSE: ACN), the global technology and consulting firm based in Dublin, has decided to defer most of its promotions within the top managing director and senior management ranks by six months. This decision has sparked significant internal d...
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Top ASX Stocks to Watch and Those to Approach with Caution
September 18, 2024 01:33 PM AEST| By Team Kalkine MediaAs the Australian earnings season progresses, fund managers are spotlighting several ASX-listed companies for their potential and cautioning against others. Here’s a detailed look at three stocks identified as favorable investments and three that inv...
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