News
X (formerly Twitter) Faces Fines for Breaching Australia's Online Safety Act
October 07, 2024 11:20 AM AEDT| By Team Kalkine MediaHighlights,X (formerly Twitter) was fined $610,500 under Australia's Online Safety Act.,The fine relates to inadequate responses,on,child abuse material inquiries.,The court upheld the fine, rejecting X Corp's appeal.,Elon Musk’s social media platfor...
Mount Burgess Mining (ASX:MTB) FY24: EIA Approval and Enhanced Resource Estimates in Botswana
October 04, 2024 06:33 PM AEST| By Sonal GoyalHighlights,MTB is advancing the Kihabe and Nxuu deposits in Botswana, focusing on resource exploration and development.,The company made significant strides for approval of an Environmental Impact Assessment (EIA) to facilitate drilling at the Nxuu d...
VRX Silica (ASX:VRX) FY24 Roundup: Funding and Approval Progress Drive Project Developments
October 04, 2024 06:19 PM AEST| By Aditi SarkarHighlights,VRX Silica holds five advanced projects in Western Australia, with a total mineral resource of 1,381 million tonnes.,Arrowsmith North and Muchea have been featured in Austrade's 2024 Critical Minerals prospectus.,Arrowsmith North, poised t...
Oil Surge Lifts Energy Stocks, ASX200 Slips on Mining Weakness
October 04, 2024 05:52 PM AEST| By Team Kalkine MediaHighlights,ASX200 falls 0.67%, led by declines in mining and IT sectors.,Energy sector rises, driven by oil price surge amid Middle East tensions.,Notable movements include gains in Strike Energy and declines in Neurotech International.,The ASX200 cl...
ASX Loses Ground as Middle East Tensions Snap Three-Week Winning Streak
October 04, 2024 05:06 PM AEST| By Team Kalkine MediaHighlights,ASX ends a three-week winning streak due to Middle East tensions.,Energy stocks gain as oil prices surge; mining and banks decline.,Small-cap tech and gaming stocks see notable gains.,The Australian share market ended its three-week winnin...
Chinese Tech Stocks Surge as Fresh Buying Leads the Rally
October 04, 2024 05:01 PM AEST| By Team Kalkine MediaHighlights,Chinese tech stocks surge after stimulus measures.,Fresh buying drives the rally, not short covering.,Hang Seng Tech Index jumps over 45% in under four weeks.,Chinese tech stocks have seen a remarkable surge following the country's announc...
Middle East Tensions Set to End ASX’s Three-Week Rally
October 04, 2024 03:29 PM AEST| By Team Kalkine MediaHighlights,ASX set to break its three-week winning streak amid Middle East tensions.,Oil prices rise, boosting energy stocks like Woodside and Santos.,Mining sector drops as Chinese stimulus effects wane.,The Australian share market is on course to s...
Petrol Prices at Risk as Middle East Tensions Shake Oil Markets
October 04, 2024 01:23 PM AEST| By Team Kalkine MediaHighlights,Middle East tensions stir oil markets and fuel price concerns.,Israeli strike on Iranian oil facilities being discussed.,Petrol prices in Sydney at a two-year low, but could rise.,The potential for escalating conflict in the Middle East ha...
UBS Predicts ASX to Hit 8500 Points by Mid-2025
October 04, 2024 12:47 PM AEST| By Team Kalkine MediaHighlights,UBS expects ASX to reach 8500 points by mid-2025.,Earnings upgrades and rate cuts seen as key drivers.,Dexus, REA Group, and Newmont highlighted as,benefiting,stocks.,UBS has forecasted a strong rise for the ASX, projecting it to reach 850...
ASX 200 Index Declines 1.1%: Energy Sector Shows Resilience Amid Geopolitical Concerns
October 04, 2024 12:38 PM AEST| By Team Kalkine MediaHighlights:,The,S&P/ASX 200,index fell by 1.09%, with 10 out of 11 sectors down, driven primarily by weakness in Materials.,Energy,was the only sector to post gains, with,Ampol Ltd (ASX:ALD),leading the performance.,Mineral Resources Ltd (ASX:MIN,) w...
China's Stock Rally Faces Potential Downturn, Warns Nomura
October 04, 2024 12:15 PM AEST| By Team Kalkine MediaHighlights,China's stock rally faces potential risks of a downturn.,Economic vulnerabilities include the housing crisis and government debt.,Nomura warns of,possible capital,flight and yuan depreciation.,After a recent surge in China’s stock market,...
Mark Zuckerberg Overtakes Jeff Bezos as World’s Second-Richest Person
October 04, 2024 11:17 AM AEST| By Team Kalkine MediaHighlights,Zuckerberg becomes the world's second-richest person, overtaking Bezos.,Meta's stock surge contributes to Zuckerberg's growing fortune.,Zuckerberg's wealth boosted by AI investments and metaverse projects.,Mark Zuckerberg, the co-founder a...
Platina Resources (ASX:PGM) reports promising gold zones at Challa Project
October 04, 2024 11:16 AM AEST| By Team Kalkine MediaHighlights,Second phase aircore drilling at the Challa Gold project has identified two new gold mineralised zones.,The drilling results indicate the presence of significant faults or shear zones in the area.,Platina plans further drilling up-dip and...
Australian Shares Expected to Fall Amid Middle East Tensions and Rising Oil Prices
October 04, 2024 10:55 AM AEST| By Team Kalkine MediaHighlights,Australian shares set to drop amid Middle East tensions.,Oil prices surge as market eyes potential Iran retaliation.,Key U.S. jobs report expected to,impact,Federal Reserve decisions.,Australian shares are poised for a drop, following a do...
Australian Shares Fall as Oil Stocks Rise Amid Middle East Tensions
October 04, 2024 10:49 AM AEST| By Team Kalkine MediaHighlights,Australian shares dip as oil stocks rise amid Middle East tensions.,Energy stocks gain while most ASX sectors fall, led by mining.,Woodside reports a fatality at its Texas site, investigation underway.,Australian shares opened lower today,...
Australian Markets Expected to Open Lower Amid Geopolitical Concerns and Awaiting US Jobs Data
October 04, 2024 09:52 AM AEST| By Team Kalkine MediaHighlights:,Geopolitical tensions,in the Middle East and a potential retaliatory strike on Iranian oil assets have driven oil prices higher, impacting global markets and inflation expectations.,US jobs data,set for release may influence the Federal R...
ASX 200 Set to Fall as S&P 500 Slips and Oil Prices Surge Amid Middle East Tensions
October 04, 2024 09:50 AM AEST| By Team Kalkine MediaHighlights:,ASX 200 futures indicate a drop of 27 points (-0.32%) as US markets close lower, led by volatile trading and a late-session recovery.,Oil prices surge by 4% due to Middle East tensions, with speculation surrounding potential Israeli strik...
Tempest Minerals (ASX:TEM) Accelerates Exploration Efforts at Yalgoo and Five Wheels
October 03, 2024 10:02 PM AEST| By Aditi SarkarHighlights,The current drilling program at the Yalgoo project involves about 5,000m of RC drilling, targeting the central region of the Remorse target.,Tempest has launched a detailed fieldwork program at the Five Wheels project.,The company plans a...
ASX 200 Sees Slight Rise on Thursday
October 03, 2024 07:39 PM AEST| By Team Kalkine MediaHeadlines,ASX 200 finishes Thursday with a modest gain.,Top performers include Mesoblast, Dexus, and Fletcher Building.,Appen, EML Payments, and Pilbara Minerals saw declines.,The,ASX 200,experienced a modest rise on Thursday, closing with a slight u...
ASX 200 Gains Amid Property Sector Optimism
October 03, 2024 07:26 PM AEST| By Team Kalkine MediaHeadlines,ASX 200,edges higher with a focus on the property sector,Real Estate Investment Trusts lead gains following major broker target hikes,Uranium and copper sectors remain steady with a long-term outlook,The S&P/ASX 200 closed slightly higher,...
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