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News
Xinhua Silk Road: China's service trade fair concludes with fruitful outcomes
September 23, 2024 11:37 AM AEST| By CisionBEIJING, Sept. 23, 2024 /PRNewswire/ -- The 2024 China International Fair for Trade in Services (CIFTIS) concluded in Beijing on Monday, achieving fruitful results in various fields and injecting...
WOOLWORTHS AND COLES FACE SIGNIFICANT STOCK DECLINES AMID ACCC LAWSUIT
September 23, 2024 11:35 AM AEST| By Team Kalkine MediaShares in Australian supermarket giants Woolworths Group Ltd (ASX: WOW) and Coles Group Ltd (ASX: COL) are experiencing one of their most challenging trading days of 2024 following the announcement that the Australian Competition and Consumer Commiss...
Traders Reduce Expectations for Reserve Bank of Australia (RBA) Rate Cut This Year
September 23, 2024 11:27 AM AEST| By Team Kalkine MediaTraders have adjusted their expectations regarding potential interest rate cuts by the,Reserve Bank of Australia (RBA),, significantly lowering the likelihood of rate relief before the year's end. Current money market indicators suggest a,63%,chance...
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IRON ORE PRICES DECLINE AS MARKET REACTS TO CHINESE CENTRAL BANK DECISION
September 23, 2024 11:26 AM AEST| By Team Kalkine MediaIron ore prices commenced the week on a downward trend, driven by investor reactions to the recent decision by the People's Bank of China (PBOC) to maintain its interest rates. This decision came as a surprise to markets, which had anticipated that C...
ACCC ALLEGES SIGNIFICANT BREACHES BY SUPERMARKETS
September 23, 2024 11:25 AM AEST| By Team Kalkine MediaThe Australian Competition and Consumer Commission (ACCC) has raised serious concerns regarding alleged breaches of consumer law by two major supermarket chains. ACCC chairwoman Gina Cass-Gottlieb characterized these violations as “significant breach...
S&P 500 SET TO REACH NEW HEIGHTS, STRATEGISTS PREDICT
September 23, 2024 11:24 AM AEST| By Team Kalkine MediaMarket strategists are optimistic that the,S&P 500,(INDEX: SPX) is on track to reset its record high multiple times in the coming months. This bullish outlook is largely attributed to the Federal Reserve's recent pivot towards cutting interest rates,...
US DOLLAR'S STRENGTH REMAINS ROBUST, ACCORDING TO GOLDMAN SACHS
September 23, 2024 11:22 AM AEST| By Team Kalkine MediaGoldman Sachs' foreign currency team has stated that the recent decision by the Federal Reserve (Fed) to cut interest rates by half a percentage point is likely to extend the strength of the US dollar (USD). The Fed's action is seen as a strategy to...
ASX SET TO DECLINE FROM RECORD HIGH; AUSTRALIAN DOLLAR REACHES US68¢
September 23, 2024 11:21 AM AEST| By Team Kalkine MediaThe Australian sharemarket is anticipated to experience a downturn from its recent record highs, as investor sentiment dims over concerns that the Reserve Bank of Australia (RBA) may delay interest rate cuts further into the coming year. Futures data...
WORLEY SECURES FIVE-YEAR CONTRACT WITH PETROLEUM DEVELOPMENT
September 23, 2024 11:20 AM AEST| By Team Kalkine MediaWorley Limited (ASX: WOR), a leading global engineering group, has announced the awarding of a significant five-year contract to provide essential services in the northern concession areas of Petroleum Development Oman (PDO). This partnership undersc...
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FLETCHER BUILDING ANNOUNCES $641 MILLION EQUITY RAISING
September 23, 2024 11:19 AM AEST| By Team Kalkine MediaFletcher Building Limited (NZX: FBU), a leading construction and building materials company based in New Zealand, has launched an equity raising initiative aimed at generating approximately NZ$700 million (USD $641 million). This comprehensive capita...
HEARTLAND GROUP HOLDINGS APPOINTS ANDREW DIXSON AS NEW CEO
September 23, 2024 11:18 AM AEST| By Team Kalkine MediaHeartland Group Holdings Limited (NZX: HGH), a prominent New Zealand-based financial services provider, has announced the appointment of Andrew Dixson as its new Chief Executive Officer (CEO), effective October 1, 2024, pending non-objection from the...
Raiden Resources (ASX:RDN, DAX:YM4) unveils promising lithium target at Andover South
September 23, 2024 11:16 AM AEST| By Sonal GoyalHighlights,RDN has advanced field sampling and mapping at Andover South.,Seven target zones have been identified to date on the project.,Target Zone 7 extends 650m along a northwest strike and is characterised by a high degree of fractionation, indic...
OIL PRICES END WEEK HIGHER AMID FED RATE CUTS AND SUPPLY CONCERNS
September 23, 2024 11:16 AM AEST| By Team Kalkine MediaOil prices wrapped up the week with a second consecutive gain, buoyed by a combination of U.S. Federal Reserve rate cuts and tightening supply conditions. Although oil futures settled lower on Friday, both Brent crude and West Texas Intermediate (WTI...
TELIX PHARMACEUTICALS ACQUIRES RLS USA IN $338 MILLION DEAL
September 23, 2024 11:12 AM AEST| By Team Kalkine MediaTelix Pharmaceuticals Limited (ASX: TLX), a prominent oncology company specializing in radiopharmaceuticals, has announced its acquisition of RLS (USA), Inc. for $338 million (USD 230 million). This strategic move significantly expands Telix’s footpr...
AUSTAL SECURES $220 MILLION DEAL WITH U.S. NAVY
September 23, 2024 11:10 AM AEST| By Team Kalkine MediaAustal Limited (ASX: ASB), a global defense shipbuilding company, has announced a new contract worth $220 million (USD 152 million) with the United States Navy. This contract is aimed at providing critical support for the delivery of one Columbia-cla...
HEALIUS TO SELL LUMUS IMAGING FOR $800M, PLANS TO REDUCE DEBT
September 23, 2024 11:09 AM AEST| By Team Kalkine MediaHealius Limited (ASX: HLS), a prominent player in the Australian pathology and diagnostic imaging sector, has announced the sale of its Lumus Imaging business to funds managed by Affinity Equity Partners for an enterprise value of $965 million. This...
REA GROUP MAKES THIRD BID FOR BRITAIN'S RIGHTMOVE
September 23, 2024 11:07 AM AEST| By Team Kalkine MediaREA Group (ASX: REA), a prominent property listings company backed by News Corp (NASDAQ: NWS), has made a renewed bid to acquire UK-based property platform Rightmove (LSE: RMV). The latest offer values Rightmove at £6.1 billion ($11.9 billion), or £7...
Expanding Global Connections: Guzhen Lighting Fair Sets its Sights on the Thai Market
September 23, 2024 11:06 AM AEST| By CisionZHONGSHAN, China, Sept. 20, 2024 /PRNewswire/ -- With the cool breeze of autumn, the 31st China (Guzhen) International Lighting Fair (simply known as Guzhen Lighting Fair) is set to open its doors thi...
Awareness of life and permanence: RWK & Kuhlmann presents its first collection for Villeroy & Boch
September 23, 2024 11:00 AM AEST| By CisionLÖHNE, Germany, Sept. 23, 2024 /PRNewswire/ -- At its in-house exhibition this year, RWK & Kuhlmann Küchen GmbH is presenting the first collection which has been developed for Ville...
Agoda: Chinese Travelers Post a 137% Increase in International Searches for Upcoming Golden Week
September 23, 2024 11:00 AM AEST| By CisionSINGAPORE, Sept. 23, 2024 /PRNewswire/ -- Digital travel platform Agoda has revealed a 137% year-over-year increase in international accommodation searches from China for the upcoming Gold...
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