News

Dutton to slash migrant intake

The ASX has hit a six-week high with the energy sector the only loser in a day of gains across the ASX.

The full bench of the Federal Court is due to rule on whether Australia's environment minister must scrutinise climate harms from new fossil fuel projects.

Libs reject ‘Rich Lister’ tax cuts

Pathology chains have lost ground while major miners made gains following the federal budget, with the ASX200 overall finishing 0.4 per cent higher.

Qld coal to go in Anglo fightback

The ASX200 dipped 0.3 per cent as traders wait to see if US inflation has cooled.

West Perth-based explorer Meteoric Resources has announced that the mineral resource estimate for its flagship Caldeira project in Brazil has increased by 150 per cent.

Shares in gold miner Pantoro dipped early on Tuesday, following news that it plans to raise $100 million courtesy of a two-tranche placement.

A second budget in the black will deliver a near $10 billion surplus as well as cost-of-living relief for struggling Australians dealing with increasing prices.

A second budget in the black will deliver a near $10 billion surplus as well as cost-of-living relief for struggling Australians dealing with increasing prices.

Miners hope to be big winners

The ASX200 finished basically unchanged on the eve of the federal budget and ahead of a readout on US inflation later in the week.

Ardiden has announced that its managing director and chief executive officer Greg Romain will step down from his role, effective immediately.

Shares in Horizon Minerals rose to their highest price since May last year on Monday afternoon, following news that the company had signed a toll milling agreement with FRM Investments.

Southern Cross Electrical Engineering has announced it will acquire Sydney-based MDE Group for up to $10.55 million, courtesy of a share purchase agreement.

Inflation will drop below three per cent by the end of the year, back within the Reserve Bank's target band, but there are further challenges ahead.

Quick return to inflation target

Gold miner St Barbara has the potential to produce an average of 230,000 ounces of gold per annum from the 2028 financial year, following the release of its Simberi expansion concept study.

Gas companies and the big four banks all rose on the back of energy policy announcements and a hold in interest rates.

Shares in Henderson-based Civmec rose by 7 per cent early on Friday, following a positive third quarter for the 2024 financial year.

The federal treasurer acknowledges some people can't afford to have more children and is committed to helping families to do so, if that's what they want.

WA spending ‘up another gear’

The ASX200 fell 1.1 per cent, with the consumer discretionary sector suffering its worst loss in 16 months on several trading updates.

Shares in Kewdale-based Wide Open Agriculture fell sharply on Thursday, following news of the company's intent to raise $10 million in order to aid both its present liquidity needs and short-term objectives.

Shares in West Perth-based Caprice Resources rose by 50 per cent on Thursday afternoon, following news that the company plans to acquire a 90 per cent stake in the Bantam project, located in the West Arunta region of Western Australia.

Victoria Park-based explorer Raiden Resources has entered into an option agreement with Mallina Corporation, as it plans to divest its Pilbara-based Arrow gold project.

Labor to back more gas

The ASX200 closed marginally higher across most sectors as a medical tech company recorded eight per cent growth in one day.

Price inflation has moderated as the supermarkets contend with criticism, including a government report that recommends breaking up the industry's big players.

RBA on high alert to increase

Subiaco-based Firebird Metals closed trade 11 per cent higher on Tuesday, following positive findings from its battery grade manganese sulphate feasibility study, in relation to stage one production in China.