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Incannex (ASX: IHL) signs term sheet to snap up APIRx Pharmaceutical USA
March 24, 2022 05:34 PM AEDT| By Aditi SarkarA clinical-stage pharmaceutical company, Incannex Healthcare Limited (ASX: IHL) (Nasdaq: IXHL) has executed a term sheet with binding commercial terms to wholly acquire APIRx Pharmaceutical USA, LLC ('APIRx'). The proposed acquisition price is US$9.....
FME, DEV: Why these 2 ASX palladium stocks surged higher today
March 07, 2022 08:11 PM AEDT| By AayushPalladium touched a record high on Monday, rising 5.01% to US$3,156 per ounce as investors worried over the tightened supply from Russia, the largest producer of palladium in the world. The country accounts for almost 40% of the global palladium pr.....
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ASX 200 gains at open; energy stocks shine as Brent crude nears US$140
March 07, 2022 12:31 PM AEDT| By AayushThe Australian share market opened on a positive note on Monday, with energy stocks buoyed on the back of soaring oil prices. Brent crude oil massively rallied to over US$139 per barrel mark, jumping as much as 18% in a matter of minutes. An almost.....
ASX 200 to rebound; crude oil prices remain elevated
March 07, 2022 08:43 AM AEDT| By Ashish7%. The Australian share market is expected to rebound on Monday after ending lower last week. The mining and energy stocks are expected to boost market sentiments amid elevated commodity prices. According to the latest SPI futures, the ASX 2...
GSK’s new Consumer Healthcare spinoff to be named ‘Haleon’
February 24, 2022 07:52 PM AEDT| By Anam SiddiquiBritish drug maker GlaxoSmithKline plc (GSK) on Tuesday announced that it will name its new independent healthcare company Haleon, post the demerger in mid-2022. Haleon is inspired by the merging of the words Hale, which means ‘in good healt.....
SPN, HXG & STX: Three green stocks in spotlight as crude oil hits new highs
February 16, 2022 07:30 PM AEDT| By Arpit VermaCrude oil prices steadied on Wednesday after falling about 3% on Tuesday as investors assessed the cooling tension between Russia and Ukraine. Russia stated that it has withdrawn some of the military units back to bases following the completion of .....
3 global metaverse stocks to look at in 2022
December 15, 2021 12:14 PM AEDT| By AshishThe metaverse, a virtual reality-powered version of the internet, is the new buzzword in the internet technology space all across the globe. The virtual space within digital environments, including online games and social media, is being seen .....
How is Omicron affecting financial markets?
November 29, 2021 03:07 AM AEDT| By AkshayLast Friday witnessed a huge sell-off on the global equity markets after the discovery of a new coronavirus variant called Omicron. In the latest update, the Dutch health authorities said that they had found 13 infected cases of Omicron among the 6.....
Why is Vietnam’s AU$5B aluminium stockpile gaining attention?
November 22, 2021 08:25 PM AEDT| By Arpit VermaAluminium prices have witnessed a significant recovery of late, jumping from the 11-week low of US$2,554 per tonne on November 4 to nearly US$2,700 per tonne towards the end of November. The spike in aluminium prices came after an explosion at a Ch.....
Twitterati say ‘yes’ to Elon Musk’s 10% stake sale in Tesla
November 08, 2021 07:03 PM AEDT| By AayushElon Musk, the world’s richest person and Tesla CEO, conducted a Twitter poll on Saturday to ask fellow Twitterati whether he should have sold some of his holdings in Tesla to pay taxes. He tweeted, “Much is made lately of unrealized ga.....
US stocks close higher after Fed's taper remarks
November 03, 2021 03:01 PM PDT| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, November 3, after the Fed said it would start tapering its covid-era asset-buying program this month. The S&P 500 was up 0.65% to 4,660.57. The Dow Jones rose 0.29% to 36,157.58. The NASDAQ Compos...
Why is retail theft on the rise and how can retailers safeguard themselves?
October 27, 2021 08:18 PM AEDT| By AayushShoplifting, clerical errors, employee theft, etc., are some of the major issues that are becoming increasingly challenging for retailers. Most of the shoplifters when caught red-handed rationalise their actions by stating the products are quite pr.....
Why is BHP Group (ASX:BHP) an important blue chip stock to track?
June 03, 2021 07:45 PM AEST| By Team Kalkine MediaBHP Group Ltd (NYSE:BHP, ASX:BHP) is committed to its strategy focused on creating long-term value and high returns with the best capabilities, best commodities and best assets. The world-leading resources company is engaged in the discovery, deve.....
Tilt Renewables’ shares placed in a trading halt ahead of a better takeover bid
April 15, 2021 04:35 PM AEST| By Team Kalkine MediaSource: Space-kraft, Shutterstock On 15 April, Tilt Renewables Limited (NZX:TLT, ASX:TLT) requested for a trading halt ahead of an announcement of a possible better takeover bid. The shares will remain in halt till 19 April until there is an update...
Why Oceania (ASX:OCA) shares might be on the move today
April 15, 2021 08:24 AM AEST| By AshishOceania Healthcare Ltd (ASX:OCA, NZX:OCA) on Thursday announced that its non-underwritten retail offer was well received by shareholders and has closed oversubscribed. The company received over 5000 applications totalling nearly NZ$50 million for...
Why Is New World Resources (ASX:NWC) Demerging US Cobalt Assets?
April 14, 2021 12:50 PM AEST| By Team Kalkine MediawCo. NWC is focused on redevelopment of the Antler Copper Project. New World Resources Limited (ASX:NWC) is set to de-merge its portfolio of cobalt assets in North America. The demerger plan will be subject to shareholders and other requis...
Fitch ratings: What’s latest with ANZ (ASX:ANZ) and ANZNZ
April 13, 2021 08:27 AM AEST| By Ashishthe economy along with increased uncertainty in revising its ratings for ANZ. Fitch Ratings revised the rating on long-term issuer Default Rating (IDR) for ANZ (ASX:ANZ) and its wholly owned New Zealand subsidiary ANZ Bank New Zealand Ltd (ANZN....
Air New Zealand Defers Capital Raising by Three Months
April 09, 2021 11:55 AM AEST| By Team Kalkine MediaSource:markus,Shutterstock New Zealand’s national carrier Air New Zealand Limited (ASX:AIZ, NZX:AIR), hit hard by the COVID-19 pandemic, has decided to defer its proposed capital raising plan by three months. Source: © Danox | Megapixl...
Strong Macros Propel Dow 30 To Historic High
April 06, 2021 11:30 AM AEST| By Team Kalkine MediaSource:ESB Professional, Shutterstock The Dow Jones Industrial Index (Dow 30) – the 30-share, large-cap benchmark of Wall Street -- closed on historic high levels on Monday, on the back of strong macro numbers coming in from the world’s...
3 Stocks Warren Buffett recently bought
February 26, 2021 10:05 AM AEDT| By Aayushsecond-largest mobile network carrier in the US for a total of US$617 million. Every quarter, fund managers holding more than US$100 million in assets under management needs to disclose their holdings to the Securities and Exchange Commission. ....
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