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The Latest Breaking News from ASX

Outgoing Fortescue Metals boss Elizabeth Gaines says China will want Australian iron ore 'for a long time to come'

Australia's iron lady, Elizabeth Gaines, says she doesn't expect global tensions to impact iron ore demand as she prepares for her final days running Fortescue Metals Group.

ABC News

Market wrap: Crude oil price continues to climb, dragging petrol with it

Meanwhile, the ASX200 eased ahead as traders digested a busy week of earnings reports as corporate Australia negotiates higher costs and interest rates.

The New Daily

Queensland’s casino inquiry: what will it examine and what could happen to Star?

Public hearings are set to begin on Star’s suitability to keep its casino licences in Brisbane and the Gold Coast

The Guardian - AU

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Tassal recommends shareholders accept $1.1 billion takeover bid from Canadian seafood giant Cooke

These unassuming Canadians have just offered $1.1 billion to take over Tasmania's last locally owned salmon producer, turning the company private — in a move that has some worried for the environment and accountability.

ABC News

Week of gains as markets rally and unemployment hits record low

What to watch in markets this week: The ASX200 closed higher for a fourth straight week, and it is now 10 per cent above its June lows.

The New Daily

Rest In Yeast: A Rival Biz Has Taken The Inspired Unemployed To Court Over The Boys’ Beer Brand

Brick Lane Brewing claims the boys' brew, Better Beer, makes "false, misleading or deceptive representations”.

Pedestrian.tv

Short Volatility Alert: ASE Technology Holding Co.

On Thursday, shares of ASE Technology Holding Co., Ltd. (NYSE: ASX) experienced volatile short activity. After the activity, the stock price went down -2.64% to $5.17. The overall sentiment for ASX has been Bearish.

Benzinga

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Investors warned against 'buying the dip' in market downturn as ASX drops 10pc for the year

"Buying the dip" is no longer an easy way for inexperienced traders to make money, according to a seasoned stockbroker, despite the ASX losing roughly $250 billion in the past year.

ABC News

Ford Motor Company provides loan to Liontown Resources to develop Kathleen Valley lithium mine

ASX-listed Liontown Resources signs a deal with US motoring giant Ford to develop a $545 million lithium mine to supply the metal used in electric vehicle batteries.

ABC News

Tasmanian salmon producer Tassal being circled by Canadian seafood giant Cooke

Hot on the heels of Brazilians snapping up a Tasmanian salmon company, the last locally owned producer is in the sights of a Canadian seafood giant, news that has been welcomed by the island state's Premier, Jeremy Rockliff.

ABC News

Investor caution urged for carbon-rich ASX

The Australian Stock Exchange has the second-lowest alignment to the Paris climate pact with most future spending by companies missing the global warming mark.

AAP

10 Psychedelics CEOs To Pay Attention To In 2022

By Javier Hasse and Aaron Bry. 2020 and 2021 were defining years for the burgeoning psychedelics industry. In 2021 alone, more than $730 million were invested into various psychedelic companies, both private and public.

Benzinga

The ASX opened strong after the US interest rate rise buoyed Wall Street. But it hasn't cancelled out Tuesday's losses

It's been a dramatic few days on the Australian stock market, with steep losses followed by a brief rise on Thursday morning. But there are still more twists and turns to come.

ABC News

Blackhawk Appoints Justin Hanka as Chairman of The Board

Vancouver, British Columbia – TheNewswire - June 06, 2022 – Blackhawk Growth Corp. (the "Company") (CSE:BLR) (OTC:BLRZF) (Frankfurt:0JJ) is pleased to announce the appointment of investment banker Justin Hanka as Director and Chairman of the Board of Directors to help execute corporate transactions in Blackhawk.

Benzinga

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ABC News

US financial regulators threaten to delist Chinese companies but will Beijing compromise to save their American dream?

For decades, Chinese billionaires and entrepreneurs have dreamt of their companies making it on the New York stock exchange, but now they face the risk of being delisted if Beijing does not step back.

Motor1

2023 Mitsubishi ASX Engine Specs Revealed, PHEV Gets 160 Horsepower

The base model is getting a 1.0-liter three-pot mill with a mighty 91 hp.

Benzinga

Crest Announces the Following Corporate Update, Property Acquisition and Financing

Highlights Additions to Management and Board

AAP

Appen down 22pct after Telus revokes bid

A Canadian tech conglomerate has withdrawn its $1.2 billion tentative takeover offer for Sydney-based Appen, which provides services to the AI industry.

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The Guardian - AU

NAB to introduce buy now, pay later product placing further pressure on existing operators

Standalone operators feel burden of rising interest rates and slowing growth as third big Australian bank enters BNPL scene

StockNews.com

3 Undervalued Tech Stocks Trading Under $10

Concerns over aggressive interest rate hikes by the Federal Reserve to tame multi-decade high inflation have wreaked havoc on tech stocks. However, given the increasing dependence on tech solutions, the stocks of fundamentally sound technology companies should rebound soon. Therefore, we think it could be wise to bet on quality…

AAP

Woolworths to buy MyDeal.com.au for $243m

Supermarket giant Woolworths is proposing to acquire MyDeal.com.au for $1.05 per share, a 63 per cent premium.

AAP

Woodside shareholders back BHP oil merger

Woodside shareholders have backed the company's merger with BHP's petroleum arm, creating a new global heavyweight.

AAP

ASX joins crackdown on 'greenwashing'

The Australian Stock Exchange has warned companies against using the market disclosure system for misleading 'greenwashing' to inflate share prices.

AAP

Wet weather has been great for GrainCorp

ASX listed grain handler GrainCorp is handing shareholders a special dividend and launching an ag-tech venture capital fund after a record half-year profit.

ABC News

The Star suspends VIP rebate program aimed at attracting high-spending gamblers

The Star Entertainment Group says it will suspend its VIP rebate programs while it deals with probity issues from a damning inquiry into the company's suitability to run its Sydney casino.

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