Australia

Australian miner Mineral Resources (MinRes) (OTC:MALRF) has had its worst trading day since the Great Recession. Shares plunged 22.1% in Australia, wiping out nearly five years of stock gains. The stock slide was caused by a large drop in EBITDA and slashed fiscal 2025 production guidance. The firm...

On Tuesday, BHP (NYSE:BHP) reported half-year earnings (concluding on December 31, 2024) of $5.08 billion, down 23% from the year earlier. The result is unsurprising, as the iron ore market has been going through a challenging period. Still, CEO Mike Henry acknowledged the firm's strength in this...

While gold continues to climb toward its historic milestone of $3,000 per ounce, propelled by the escalating tariff wars, gold miners have lagged this success. Rising labor costs, foreign government pressures, and inflation are squeezing profitability, raising questions on whether they can catch up...

Australia's Labor government has announced a $1.25 billion (AU$2 billion) initiative to aid the nation's aluminum smelters. This move underscores the government’s commitment to a renewable energy transition by 2036, as well as an economic transformation ahead of the general elections...

Electric vehicle company BYD Co (OTC:BYDDF) (OTC:BYDDY) is launching the first electric vehicle to come with a starting price under $30,000 in Australia, a move that could boost the country's electric vehicle market. What Happened: Along with investing in blue-chip U.S. companies, Berkshire...

Meta Platforms Inc. (NASDAQ:META) has agreed to a settlement of AU$50 million ($31.85 million) with Australia’s Information Commissioner over privacy violations linked to the Cambridge Analytica scandal on Monday. The enforceable undertaking resolves civil proceedings, allowing eligible...

Australia's main opposition has proposed a $211 billion taxpayer-funded nuclear power plan. If successful, the turn to nuclear power would be a historic event for one of the largest global commodity producers. "Nuclear power will underpin the economic success of our country for the next century....

A global report released Wednesday by the International Confederation of Societies of Authors and Composers (CISAC) predicts that artificial intelligence (AI) will significantly impact the creative industries, with workers in music and audiovisual fields expected to lose nearly 25% of their income...

Leading Australian gold miner Northern Star Resources (OTC:NSTYY) has announced a $3.3 billion acquisition of De Grey Mining (OTC:DGMLF), taking over De Grey's prized Hemi gold project. "This acquisition reinforces Northern Star's position as the leading ASX-listed gold company and a top-ten global...

Australia has passed a law banning social media access for children under 16, enforcing strict penalties on Meta Platforms, Inc. (NASDAQ:META), ByteDance-owned TikTok, and Snap Inc. (NYSE:SNAP). What Happened: The Social Media Minimum Age Bill, approved on Thursday, prohibits minors under 16 from...

Australia’s Prime Minister Anthony Albanese announced a plan to ban social media use for children under 16, requiring platforms like Meta Platforms Inc,‘s (NASDAQ:META) Facebook and Instagram, TikTok, X (formerly Twitter), and Snap Inc.‘s (NYSE:SNAP) Snapchat to verify users...

BHP (NYSE:BHP) has announced plans to invest up to $14 billion to enhance its copper production in Chile, as revealed during a three-day site tour of its operations. This substantial capital expenditure aims to secure the long-term future of its assets in the region and support the growing global...

Iron ore prices could remain subdued in the near future. Citi analysts see them hovering around $85 per ton by 2026, owing to incremental new supplies, rising inventories, and weak Chinese demand. “Not only has China's recent stimulus package fallen short of investor expectations, but the...

By RoboForex Analytical Department The AUD/USD pair is navigating the week starting with a steady tone, trading around 0.6590. After a significant drop last Friday, triggered by disappointment over China's economic stimulus measures, the pair finds a momentary respite as it consolidates recent...

Mineral Resources (OTC:MALRF) faces uncertain times as founder and managing director Chris Ellison steps down amid serious governance issues. The issue has triggered a formal investigation by the Australian Securities and Investments Commission (ASIC) and scrutiny from the Australian Taxation...