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ASX and Global Markets Can the Bull Market Last?
October 15, 2024 01:23 PM AEDT| By Team Kalkine MediaHighlights,ASX and Wall Street continue to set record highs despite challenges.,Economic growth, global rate cuts, and stimulus are factors supporting the rally.,Investors should watch for potential risks such as rising debt and market concentration....
Virgin Australia’s Profits Continue to Soar as Bain Capital Reaps Over $1 Billion
October 15, 2024 12:37 PM AEDT| By Team Kalkine MediaHighlights,Virgin Australia reports significant profit increase for the second consecutive year.,Bain Capital has gained over,$1 billion,since,acquiring,Virgin Australia.,Qatar Airways plans to,acquire,a 25% stake in Virgin Australia.,Virgin Australi...
Chinese Steel Exports Reach Highest Levels Since 2016 Amid Global Concerns
October 15, 2024 12:29 PM AEDT| By Team Kalkine MediaHighlights,Chinese steel exports hit highest levels since 2016.,Exports increase despite trade tensions and market challenges.,Domestic market slowdown contributes to export surge.,Chinese steel exports in September reached their highest levels in se...
Black Canyon (ASX:BCA) reports promising manganese assays from Wandanya; shares jump
October 15, 2024 12:00 PM AEDT| By Sonal GoyalHighlights,Promising assays from the W2 prospect confirmed high-grade manganese mineralisation.,The stratabound mineralisation indicated significant thickness and grade consistency over 240 metre of drilled strike.,The remaining assay results are exp...
Viking Mines (ASX:VKA) launches strategic review to assess gold potential at First Hit, shares surge
October 15, 2024 12:00 PM AEDT| By Sonal GoyalHighlights,VKA shares surged 50% following an update on the First Hit Gold Project.,A comprehensive strategic review has commenced at the company’s First Hit Gold Project.,This review seeks to leverage the inherent value and exploration potential wit...
Bitcoin Rises After Harris Pledges Support for Crypto Regulation
October 15, 2024 11:47 AM AEDT| By Team Kalkine MediaHighlights,Bitcoin sees notable rise after Harris' crypto framework pledge.,Smaller cryptocurrencies like Ether and Solana also gained.,Bitcoin-related companies experienced a surge in shares.,Bitcoin reached its highest point in two weeks following...
Crown Melbourne Penalized for Failing to Enforce Self-Exclusion Rules
October 15, 2024 11:16 AM AEDT| By Team Kalkine MediaHighlights,Crown Melbourne fined due to self-exclusion breaches,242 self-excluded gamblers placed bets between 2023 and 2024,Victorian regulator orders improvements to prevent future violations,Crown Melbourne, owned by Blackstone, has been fined $2...
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ASX200 Nears Record as Miners Surge
October 14, 2024 06:12 PM AEDT| By Team Kalkine MediaHighlights,ASX200 rises slightly, led by miners.,Materials sector sees strong growth, while discretionary lags.,GenusPlus and Lincoln Minerals make company announcements.,The ASX200 index increased by 0.26%, reaching 8,236 points, as gains across the...
Superloop’s (ASX:SLC) share price skyrockets over 170% in one year. Here’s Why
October 14, 2024 04:41 PM AEDT| By Team Kalkine MediaHighlights,SLC recorded a 30% year-on-year increase in its revenue in FY24 to AUD 420.5 million and NPATA surged by 738.5% to AUD 23.5 million.,SLC has onboarded over 130,000 Origin broadband subscribers, with the onboarding of the remaining customer...
Resources Funds See Rebound Amid Global Policy Shifts
October 14, 2024 04:21 PM AEDT| By Team Kalkine MediaHighlights,Resources funds recover following policy shifts from China and the US.,Tribeca, Ausbil, and Perennial benefit from commodity demand resurgence.,Key holdings in copper, uranium, and battery materials lead performance.,Resources funds are ex...
China's Property Stocks Surge Amid Stimulus Promises
October 14, 2024 04:02 PM AEDT| By Team Kalkine MediaHighlights,Chinese property stocks experience gains during a volatile session.,Shanghai Composite and CSI 300 increase over 1.5%.,Hong Kong's Hang Seng Index faces fluctuations amid heavy trade.,Chinese property stocks surged on Monday as markets res...
Leading ASX Growth Companies Backed by High Insider Ownership in October 2024
October 14, 2024 03:04 PM AEDT| By Team Kalkine MediaHighlights,Cettire,shows high insider confidence with significant insider ownership.,Liontown,Resources,anticipates,robust revenue growth despite recent net losses.,Pinnacle Investment Management experiences moderate growth and improved governance.,T...
US Election Gridlock Seen as Potential Market Booster
October 14, 2024 02:12 PM AEDT| By Team Kalkine MediaHighlights,Gridlock scenario in the US election may refocus markets on company fundamentals.,Geopolitical risks in the Middle East continue to pose market challenges.,Election outcomes are historically short-term market influencers.,In the lead-up to...
Virgin Australia Sees Significant Earnings Growth Amid Industry Challenges
October 14, 2024 02:05 PM AEDT| By Team Kalkine MediaHighlights,Virgin Australia reports strong earnings growth for FY24.,Revenue increases despite supply chain issues and competition.,Qatar Airways,purchases,a stake in Virgin Australia, intensifying competition.,Virgin Australia has reported a notable...
China’s Economic Growth Forecasts Raised After New Policy Measures
October 14, 2024 01:16 PM AEDT| By Team Kalkine MediaHighlights,China’s growth forecasts upgraded for 2024 and 2025.,New public spending measures introduced by Beijing.,Greater fiscal support expected to drive economic rebound.,China’s economic outlook has improved following a series of policy moves by...
Commodities Slip as China’s Fiscal Stimulus Falls Short
October 14, 2024 12:32 PM AEDT| By Team Kalkine MediaHighlights,China's limited fiscal moves impact commodities.,Iron ore and copper futures see drops following the announcement.,Brent crude futures also decline as China's demand outlook,remains,uncertain.,Commodities took a hit following China's recen...
Alma Metals Secures 51% Stake in Briggs Copper Project with Plans for Expansion
October 14, 2024 12:05 PM AEDT| By Team Kalkine MediaHighlights,Alma Metals secures 51% ownership of Briggs Copper Project.,Infill drilling reveals promising copper grades from surface levels.,Alma aims to increase its stake in the project to 70%.,Alma Metals (ASX:ALM) has officially acquired a 51% int...
Raiden Resources (ASX:RDN) Raises AU$10Mn for Expanded Drilling on Andover South Lithium Project
October 14, 2024 12:00 PM AEDT| By Sonal GoyalHighlights,RDN is raisings AU$10 million through a share placement, which has received support from sophisticated, professional and institutional investors.,The funds will be used to expand the drilling program at Andover South from an initial plan o...
Deterra Royalties (ASX:DRR) expands portfolio with Trident Royalties acquisition. Here’s what expected in FY25
October 14, 2024 11:38 AM AEDT| By Team Kalkine MediaHighlights,DRR's MAC (Mining Area C) asset drove revenue growth, with a 5% YoY increase to AUD 241 million.,The company declared a total dividend of 29.29 cents per share, representing 100% of NPAT.,DRR acquired Trident Royalties plc, making a signif...
Rising Defaults Among Private Equity-Backed Companies Moody's Report
October 11, 2024 05:47 PM AEDT| By Team Kalkine MediaHighlights,Private equity-backed companies show higher default rates.,Platinum Equity leads defaults among major private equity firms.,Floating-rate debt plays a role in increased defaults.,Private equity-backed companies are defaulting at a higher r...
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