Rio Tinto Set to Bolster Lithium Capacity With Arcadium Acquisition
International mining conglomerate Rio Tinto (ASX:RIO) is poised to significantly enhance its lithium production capabilities through the acquisition of Arcadium Lithium (NYSE:ALTM), after reaching a definitive agreement. The ambitious move, valued at US$6.7 billion, will take the form of an all-cash transaction at US$5.85 per Arcadium share. This bid underlines Rio Tinto’s commitment to becoming…
HMC Capital Shares Hit 52 Week High As Goldman Initiate Coverage with a ‘Buy’
Goldman Sachs has just launched coverage on HMC Capital (ASX: HMC), stamping the alternative asset manager with a confident Buy rating and a price target of A$8.94. With HMC Capital’s shares having added an impressive 41.61% on a YTD basis, the endorsement adds an additional layer of confidence into an already bullish phase that has…
ATFX Announces Strategic Investment in Spark Systems to Enhance Institutional Offerings
ATFX is pleased to announce its strategic investment in Spark Systems, a next generation, institutional-grade eFX trading platform based in Singapore serving clients in Asia and globally. ATFX is entering into this partnership with Spark Systems via a Series C investment. Spark Systems investors include leading venture capital companies and also global banks including Citibank…
SiteMinder Shares (ASX: SDR) Threatening Highs As Rally Continues
Attention has been increasing in recent weeks on an Australian tech company that has been threatening multi year highs, and according to some, may be closing in on all time highs. SiteMinder’s share price (ASX: SDR) has experienced a significant uptick over the past month of trading, adding 1.14% today, to bring 1 month gains…
ASX 200 Hits Record Highs in Trading
In a show of strength, the ASX 200 Index (ASX: XJO) has added 0.7% to begin the week, and propelled itself into record territory, making an all-time high close of 8,269.8 points, having touched 8,285.70 in trading. This marks a significant milestone for the index, which has witnessed impressive growth of 17.58% over the past…
Nine Entertainment Co Holdings Limited (ASX: NEC)
Company Information Nine Entertainment Co Holdings Limited (ASX: NEC) Nine Entertainment Co. Holdings Limited is an Australia-based media company. It is focused on providing brands spanning news, business and finance, lifestyle, entertainment and sport. Its segments include Broadcasting, Digital and Publishing, Domain Group, and Stan. Broadcast segment includes free to air television activities,…
All Ords Closing In On Highs, As Indices Close Green On Day
The ASX 200 Index (ASX: XJO) surged ahead today, securing a strong 0.95% gain to close at a commendable 8,203.7 points. The All Ords managed one better, gaining 1.07% to close in on 52 week highs. The XAO closed out at 8,462.80 points, just down from the 8,474.10 mark hit in recent days. Notably, within…
Lynas Rare Earths Shares (ASX: LYC) Close at 52 Wk High
Lynas Rare Earths share price (ASX: LYC) closed at new 52-week highs of $7.70 today as the stock continues to rebound from March lows. With the company announcing the AGM taking place on Wednesday 27 November 2024 on the day, the company has another opportunity to share insights from last month’s financials. Adding to the…
Fortescue Share Price Gains (ASX:FMG) – Firm Bolsters Sustainability by Electrifying Fleet
Fortescue’s share price (ASX:FMG) ended the day as a notable gainer on the ASX today, up 4.72% as the company tries to shift sentiment that has been bearish all year. With the stock having fallen 35.86% through 2024, leadership have made some changes. In a significant move towards sustainability and innovation in mining the company…
Australian CPI Eases, ASX Ends Lower
As Australian inflation rate records a deceleration, with August’s Consumer Price Index (CPI) easing to 2.7%, the local stock market experienced subdued movements. Despite a trend of record highs on Wall Street, the ASX 200 closed the trading day 0.19% lower on Wednesday at 8126.40 as the All Ords dipped 0.15%. The Australian Bureau of…
