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A rousing performance from $BHP Group Ltd (BHP.AU)$ and commodity stocks has continued momentum for the ASX and returned the indices to levels before Russia invaded Ukraine.
Market heavyweight BHP added five per cent to $48.82 on Tuesday and materials shares gained three per cent to help the market higher for a fourth day in the past five.
Metals prices remained higher due to boycotts and supply concerns for commodities from Russia.
ASX energy shares were up ...
Market heavyweight BHP added five per cent to $48.82 on Tuesday and materials shares gained three per cent to help the market higher for a fourth day in the past five.
Metals prices remained higher due to boycotts and supply concerns for commodities from Russia.
ASX energy shares were up ...
$BrainChip Holdings Ltd (BRN.AU)$ is up Monday morning, with the stock climbing 8.61% in pre-market trading to 2.9. BRN's short-term technical score of 41 indicates that the stock has traded less bullishly over the last month than 59% of stocks on the market. In the Oil & Gas E&P industry, which ranks 4 out of 146 industries, Barnwell Industries, Inc. ranks higher than 10% of stocks. Barnwell Industries, Inc. has risen 9.88% over the past month, closing a...
$Rio Tinto Ltd (RIO.AU)$ released its report on workplace culture at the beginning of this year, with the survey conducted by Australia’s former sex discrimination commissioner Elizabeth Broderick. Of the survey’s 10,000 respondents, almost half said that they had been bullied, sexually harassed, or victims of racial discrimination, while 21 women reported a rape, attempted rape, or sexual assault in the past five years. In additio...
At the moment, there are quite a few commodities in the BHP portfolio, including copper, iron ore, petroleum and nickel.
However, $BHP Group Ltd (BHP.AU)$ is planning to divest its petroleum business to $Woodside Petroleum Ltd (WPL.AU)$ . At that time, BHP shareholders will receive Woodside shares. In fact, 52% of Woodside shareholders will own the expanded Woodside, while BHP shareholders will own the remaining 48%. But for now, BHP still owns the...
However, $BHP Group Ltd (BHP.AU)$ is planning to divest its petroleum business to $Woodside Petroleum Ltd (WPL.AU)$ . At that time, BHP shareholders will receive Woodside shares. In fact, 52% of Woodside shareholders will own the expanded Woodside, while BHP shareholders will own the remaining 48%. But for now, BHP still owns the...
Exxon Mobil and $BHP Group Ltd (BHP.AU)$ have made a final investment decision to increase output from their Gippsland Basin Kipper field, offshore southeast Australia.
The project is expected to help address the gas shortage in the Australian domestic market.
The companies will invest approximately $291m (A$400m) to extract an additional 200 petajoules (PJ) of gas, over the next five years.
The Gippsland Basin Kipper field, which ...
The project is expected to help address the gas shortage in the Australian domestic market.
The companies will invest approximately $291m (A$400m) to extract an additional 200 petajoules (PJ) of gas, over the next five years.
The Gippsland Basin Kipper field, which ...
$Fortescue Ltd (FMG.AU)$
Fortescue generates its profit by mining and selling iron ore. An increase in the iron ore price can be a boost to Fortescue’s net profit after tax (NPAT).
In overnight markets, the spot iron ore price increased by 7.3% to US$145.45 per tonne. In dollar terms, it was an increase of US$9.90 per tonne.
The iron ore price has continued to be volatile amid the Russian invasion of Ukraine and China locking down ce...
Fortescue generates its profit by mining and selling iron ore. An increase in the iron ore price can be a boost to Fortescue’s net profit after tax (NPAT).
In overnight markets, the spot iron ore price increased by 7.3% to US$145.45 per tonne. In dollar terms, it was an increase of US$9.90 per tonne.
The iron ore price has continued to be volatile amid the Russian invasion of Ukraine and China locking down ce...
$Rio Tinto Ltd (RIO.AU)$ share price is climbing from the open today and is currently up 2.26% at $109.33.
Rio has been in the headlines lately regarding its proposed acquisition of Turquoise Hill. This would bring its stake in a Mongolian copper operation to 66%.
One of Turquoise Hill’s major investors, SailingStone Capital Partners, has voiced its concerns over the proposed deal, saying it is “highly opportunistic”, according to report...
Rio has been in the headlines lately regarding its proposed acquisition of Turquoise Hill. This would bring its stake in a Mongolian copper operation to 66%.
One of Turquoise Hill’s major investors, SailingStone Capital Partners, has voiced its concerns over the proposed deal, saying it is “highly opportunistic”, according to report...
$Exxon Mobil (XOM.US)$ and $BHP Group Ltd (BHP.AU)$ said on Thursday they will go ahead with a project to boost gas output from their Gippsland Basin Kipper field off southeast Australia, which would help fill a looming gas shortage in the local market.
Extra gas output needed by mid-decade
First 30 PJ of extra output expected in 2023
Exxon vying with proposed LNG import terminals
Extra gas output needed by mid-decade
First 30 PJ of extra output expected in 2023
Exxon vying with proposed LNG import terminals
$BrainChip Holdings Ltd (BRN.AU)$ the company has signed new sales partnerships in Europe and Israel that will further expand the commercial reach of its Akida neuromorphic computing platforms.
The release explains that BrainChip has partnered with Eastronics, a large, high-tech distributor in Israel, and SalesLink, a technology solutions provider in Europe.
Management believes these relationships serve as a gateway for introducing Akida technology to customers looking to leverage BrainChip’s IP ...
The release explains that BrainChip has partnered with Eastronics, a large, high-tech distributor in Israel, and SalesLink, a technology solutions provider in Europe.
Management believes these relationships serve as a gateway for introducing Akida technology to customers looking to leverage BrainChip’s IP ...