News
Altech Batteries (ASX: ATC, FRA: A3Y) Announces AU$4Mn Placement to Advance Battery Projects
November 15, 2024 11:52 AM AEDT| By Aditi SarkarHighlights,Altech Batteries is raising AU$4 million through a share placement to advance its CERENERGY® and Silumina Anodes™ projects.,The placement, priced at AU$ 0.06 per share, includes 66.67 million shares and free attaching options.,Funds will s...
Tencent Music Shows Robust Growth as China’s Streaming Sector Expands
November 15, 2024 11:38 AM AEDT| By Team Kalkine MediaHighlights,Tencent Music gains traction as China's streaming industry evolves.,Unique position due to significant ownership and strategic buybacks.,Comparison to global music streaming growth highlights expansive opportunities.,Tencent Music (NYSE:TM...
Wellcome Trust Chief Projects Low Interest Rates Won't Return Soon
November 15, 2024 11:33 AM AEDT| By Team Kalkine MediaHighlights,Wellcome,Trust’s chief predicts no return to low interest rates seen pre-2022.,Higher rates expected to,impact,asset valuations and private equity.,Wellcome’s,strategic bond issuance highlights foresight in long-term funding.,The chief inv...
Tempest Minerals (ASX:TEM) pursues new discoveries with exploration progress at Yalgoo
November 14, 2024 07:52 PM AEDT| By Aditi SarkarHighlights,Tempest intercepted high-grade magnetite iron with grades reaching up to 39.34% Fe at Yalgoo's Remorse Target.,New iron discoveries at Yalgoo expand the company’s multi-metal strategy, supporting growth in base and precious metals.,Tempest...
ASX Set for a Positive Open Following Stable US Inflation Data and Mining Sector Updates
November 14, 2024 05:19 PM AEDT| By Team Kalkine MediaHighlights,ASX poised for a higher open following steady inflation news from the US.,Orica Ltd reports robust financials with significant earnings growth.,De Grey Mining Ltd sees increase in Hemi Gold Project resource estimate.,The Australian stock m...
Australian Market Rises as Tech and Banking Rally, Mining Mixed
November 14, 2024 04:31 PM AEDT| By Team Kalkine MediaHighlights,ASX closes higher as technology and banking sectors gain momentum.,Xero shines with impressive earnings growth, boosting tech sector.,Mining giants BHP and Fortescue Metals see declines amid lower iron ore prices.,The Australian stock mark...
Seek Ltd Offers to Acquire Xref for A$41M, Board Backs the Deal
November 14, 2024 03:30 PM AEDT| By Team Kalkine MediaHighlights,Xref Board endorses Seek’s acquisition proposal.,Offer price of 21.8 cents per share values Xref at A$41 million.,Xref directors unanimously recommend shareholders approve the deal.,Australia’s leading job advertisement platform, Seek Ltd...
NSW Approves HumeLink Project to Strengthen Regional Power Network
November 14, 2024 02:58 PM AEDT| By Team Kalkine MediaHighlights,NSW approves the HumeLink project to support Snowy 2.0 power transmission.,Project brings 1,600 construction jobs and $6.3 billion in regional investment.,Transgrid will lead the project, addressing community and environmental concerns.,Th...
Tech Surge and Banking Gains Propel ASX Higher Amid Market Adjustments
November 14, 2024 02:18 PM AEDT| By Team Kalkine MediaHighlights,Technology and banking sector gains lifted the ASX.,Major iron ore drop impacts mining stocks.,Mixed performance across companies in spotlight.,The Australian stock market experienced a lift on Thursday, driven by technology and banking se...
Copper Market Uncertain Amid Trade Policies and Global Manufacturing Struggles
November 14, 2024 02:12 PM AEDT| By Team Kalkine MediaHighlights,Copper price forecast lowered amid trade policy uncertainty and China stimulus concerns.,Elevated tariffs and weak global manufacturing sentiment pose risks to copper demand.,China’s stimulus may not suffice to lift copper demand amidst tr...
Shell’s Legal Victory in The Hague Highlights Shifting Climate Policy Landscape
November 14, 2024 01:49 PM AEDT| By Team Kalkine MediaHighlights,Dutch appeals court overturns Shell's carbon reduction mandate, citing government responsibility.,Ruling reflects the complex role of courts in setting climate goals for corporations.,COP29 underscores global dialogue on fossil fuel transi...
Novo Nordisk (NYSE: NVO) Asks FDA to Block Compounded Ozempic Over Safety
November 14, 2024 12:58 PM AEDT| By Team Kalkine MediaHighlights,Novo Nordisk seeks FDA restrictions on compounded Ozempic.,Company cites safety issues with unregulated, cheaper alternatives.,FDA’s decision could impact patient access to compounded semaglutide.,Novo Nordisk (NYSE:NVO), a leading pharmac...
Why Simplifying Regulations Could Benefit Australia’s Economy
November 14, 2024 12:37 PM AEDT| By Team Kalkine MediaHighlights,Australia’s top regulator calls for streamlined laws to enhance productivity.,Regulatory complexity impacts businesses, consumers, and legal compliance.,Calls for simplification echo long-standing challenges in Australian governance.,Austr...
Black Canyon (ASX:BCA) unveils promising manganese results from W2 Drilling
November 14, 2024 12:32 PM AEDT| By Sonal GoyalHighlights,Reverse circulation (RC) drilling at the W2 prospect has confirmed high-grade manganese mineralisation, supporting previous assays.,The drilling program revealed consistent thickness and grade in manganese mineralisation.,Follow-up mapping...
Tech and Bank Gains Propel ASX; Nufarm Surges Amidst Mixed Earnings
November 14, 2024 12:30 PM AEDT| By Team Kalkine MediaHighlights,Australian sharemarket rises on gains in tech and banking sectors.,XRO climbs 6.4% on strong earnings, boosting the tech sector.,NUF surges 10% despite a dip in annual earnings.,The Australian sharemarket saw positive momentum as the S&P/A...
Australian Stocks Climb as Tech Sector Shines; Xero Up, Orica Down
November 14, 2024 11:32 AM AEDT| By Team Kalkine MediaHighlights,Australian shares opened with gains, boosted by technology sector performance.,XRO rose 5% following impressive earnings growth.,ORI faced a decline despite reporting solid annual results.,Australian shares experienced a positive opening,...
Renascor Resources (ASX:RNU) likely to benefit from rising demand for graphite
November 13, 2024 07:01 PM AEDT| By Team Kalkine MediaHighlights,RNU’s BAM project has an NPV of AUD 1.5 billion, a 26% IRR, and an annual EBITDA of AUD 363 million.,In FY24, RNU saw a 68.76% YoY increase in revenue, reaching AUD 5.01 million, with a 302.07% surge in profit after tax.,The company expect...
Will Bitcoin's Momentum Continue After Trump’s Crypto Support?
November 13, 2024 05:36 PM AEDT| By Team Kalkine MediaHighlights,Bitcoin's price surged after President-elect Donald Trump’s endorsement of crypto.,Market eyes future regulatory moves amid Trump's focus on broader policies.,Concerns linger about the pace of crypto legislation in the US.,The recent Bitco...
AGM Season: A Crucial Time for Shareholder Engagement and Corporate Planning
November 13, 2024 04:14 PM AEDT| By Team Kalkine MediaHighlights,AGMs serve as essential forums for shareholder and company engagement.,Executives discuss key resolutions, future goals, and respond to shareholder queries.,IR Department's guidance ensures a successful AGM process for companies.,Annual Ge...
How US Dollar Surge Affects Australian Dollar and Commodity Markets
November 13, 2024 03:50 PM AEDT| By Team Kalkine MediaHighlights,US dollar gains impact global financial markets.,Australian dollar slips near three-month low.,Commodities, especially gold, face downward pressure.,The recent surge of the US dollar is creating significant waves across financial markets,...
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