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ATO crackdown on crypto users
May 07, 2024 01:22 PM AEST| By Team Kalkine MediaThe Australian Taxation Office (ATO) has intensified its efforts to combat tax evasion within the cryptocurrency realm, signaling a significant crackdown on users suspected of non-compliance. In a sweeping move, the ATO has initiated requests for per...
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Recce has been granted a new patent from the China National Intellectual Property Administration
May 07, 2024 10:27 AM AEST| By Team Kalkine MediaRecce Pharmaceuticals has been granted a new patent from the China National Intellectual Property Administration for its anti-infectives Treatment of Bacterial Infections. The patent which expires in 2035 means the Company is now protected in all maj...
Parents identify bodies of missing Perth brothers in Mexico
May 07, 2024 09:30 AM AEST| By Team Kalkine MediaThe tragic loss of Perth brothers Callum and Jake Robinson, alongside American Carter Rhoad, has been confirmed by Mexican authorities in Baja California state. This heartbreaking incident has sent shockwaves through communities on both sides of the...
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The RBA keeps rates steady
May 07, 2024 09:25 AM AEST| By Team Kalkine MediaOn Tuesday, the Reserve Bank of Australia adhered to its decision to keep interest rates unchanged for the fourth consecutive meeting, aligning with market anticipations. This steady approach underscores the central bank's strategy to maintain stabil...
AGL Energy has lifted its earnings guidance for financial year 2024
May 07, 2024 07:45 AM AEST| By Team Kalkine MediaAGL Energy has lifted its earnings guidance for financial year 2024 driven by higher consumer demand over the summer period in both New South Wales and Queensland, and improved plant availability and generation. The company said net profit is forecas...
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ANZ posted a 7% fall in its cash profit at $3.55 billion in its first half year.
May 07, 2024 07:30 AM AEST| By Team Kalkine MediaANZ posted a 7% fall in its cash profit at $3.55 billion in its first half compared to the same time last year. Chief executive Shayne Elliott said the weaker result was driven by a “challenging” and subdued environment in both Australia and abroad....
ASX to rise. ANZ profit falls.
May 07, 2024 07:00 AM AEST| By Team Kalkine MediaThe Australian share market is expected to open higher. ANZ posts a 7 per cent fall in its cash profit at $3.55 billion. AGL Energy lifts earnings guidance for FY24. Recce Pharmaceuticals granted a new patent from the China National Intellectual Prop...
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THL plunges on profit downgrade
May 06, 2024 10:00 AM AEST| By Team Kalkine MediaTourism Holdings Rentals, a major player in the tourism industry, has experienced a substantial decline, with its stock plunging by 37 percent. This dramatic drop has resulted in a staggering loss of $200 million from its market capitalization. The d...
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GrainCorp Downgrades its profit guidance for FY24
May 06, 2024 09:30 AM AEST| By Team Kalkine MediaGrainCorp says stronger global competition, lower commodity prices and softer margins have led the company to downgrade its profit guidance for FY24 to between $250 million to 280 million, down from the previously disclosed range of $270 million to $...
Buffett still going strong, offloads Apple
May 06, 2024 09:00 AM AEST| By Team Kalkine MediaIn a significant announcement, Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, has publicly designated Vice Chairmen Greg Abel and Ajit Jain as his successors. This move comes as Berkshire Hathaway's cash reserves soar to an imp...
Tamboran Resources To list on the NYSE via a US IPO.
May 06, 2024 08:30 AM AEST| By Team Kalkine MediaTamboran Resources says it intends to list on the New York Stock Exchange via a US Initial Public Offering of ordinary shares while remaining on the ASX. The company has filed with the U.S. Securities and Exchange Commission and the listing is expect...
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Qantas to Compensate Customers After Admitting Misleading Practices
May 06, 2024 08:00 AM AEST| By Team Kalkine MediaQantas, Australia's renowned airline, has reached a significant settlement with the Australian Competition and Consumer Commission (ACCC), agreeing to pay $120 million in response to allegations of deceptive flight sales practices. The settlement ari...
Westpac slowing economy and mortgage competition for its 16% drop in net profit to $3.3B
May 06, 2024 07:30 AM AEST| By Team Kalkine MediaWestpac has blamed a slowing economy and mortgage competition for its 16 per cent drop in net profit to $3.3 billion for the first half of the 2024 financial year, which was in line with market expectations. The bank said lending margins were squeeze...
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ASX to rise. Westpac profit falls 16%.
May 06, 2024 07:00 AM AEST| By Team Kalkine MediaThe Australian share market is expected to open higher. Westpac blames a slowing economy and mortgage competition for its 16 per cent drop in net profit. Tamboran Resources to list on the NYSE via a US IPO. GrainCorp downgrades its profit guidance fo...
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Coinbase profit surges
May 03, 2024 03:57 PM AEST| By Team Kalkine MediaCoinbase Global delivered impressive first-quarter results on Thursday following a jump in crypto prices with a net income of over $1 billion....
Macquarie Group’s annual net profit took a hit
May 03, 2024 09:30 AM AEST| By Team Kalkine MediaMacquarie Group’s annual net profit took a hit for the 2024 financial year falling 32 per cent, and coming in lower-than-forecast to $3.5 billion compared to the same time last year. The investment bank said the weaker performance was driven by fewer...
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ASX to rise. Macquarie's net profit falls.
May 03, 2024 09:12 AM AEST| By Team Kalkine MediaMacquarie Group’s annual net profit took a hit falling 32 per cent. Block increases full-year profit guidance and bets big on bitcoin. Telix Pharmaceuticals completes acquisition of QSAM Biosciences. World News with in-depth analysis – trusted & tran...
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Block has increased its full-year profit guidance
May 03, 2024 08:30 AM AEST| By Team Kalkine MediaBlock has increased its full-year profit guidance and outlined plans to invest parts of its profits from bitcoin back into digital assets. The company said it would invest 10 per cent of gross profit each month received from bitcoin products into buy...
Telix Pharmaceuticals has completed the acquisition of US-based QSAM Biosciences
May 03, 2024 08:07 AM AEST| By Team Kalkine MediaTelix Pharmaceuticals has completed the acquisition of US-based QSAM Biosciences and its bone cancer investigational drug. The deal structure is a $US33.1 million cash and shares offer. QSAM investors will receive Telix shares at $US7.57 per share. A...
Namoi Cotton surges after Olam steps up offer
May 02, 2024 04:08 PM AEST| By Team Kalkine MediaSingapore’s Olam Group has stepped up its bid for Namoi Cotton, triggering a jump in Namoi’s share price on Thursday....
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