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mantra chain launches 108 million fund to enhance blockchain innovation

MANTRA Chain has launched the MANTRA Ecosystem Fund (MEF), a USD 108 million initiative aimed at accelerating blockchain innovation, particularly in real-world asset (RWA) tokenization and DeFi evolution. Over the next four years, the fund will invest in high-potential blockchain projects globally, partnering with top investors and incubators to foster collaboration and growth within the ecosystem. CEO John Patrick Mullin emphasized the fund's role as a catalyst for projects that drive real-world adoption of blockchain technology.

fortescue shares rebound as analysts predict iron ore price stabilization

UBS believes the market is overly pessimistic about Fortescue, which saw an 11% drop in shares. The company's iron ore quality is improving with new mines like Iron Bridge, and UBS forecasts iron ore prices to stabilize between $90 and $100 per tonne over the next five years. Despite a slight reduction in share price targets, UBS maintains that the market's expectations for discounts on lower-grade iron ore are overstated.

fortescue focuses on green technology and global energy initiatives

Fortescue Ltd, an Australian company, operates in the global green technology, energy, and metals sectors. Its metals division focuses on iron ore exploration and production, with projects in the Pilbara and internationally, while the energy segment develops green electricity, hydrogen, and ammonia initiatives. Key projects include the Arizona Hydrogen project and the Iron Bridge operations.

fortescue selloff deemed excessive by UBS amid green energy focus

Fortescue Ltd, an Australia-based global company, operates in green technology, energy, and metals, focusing on iron ore exploration and production. Its metals segment includes various projects in the Pilbara and globally, while the energy segment develops green electricity, hydrogen, and ammonia initiatives. Key projects include the Arizona Hydrogen project and the Iron Bridge operations.

Australia 200 edges higher amid geopolitical tensions and positive jobs outlook

The Australia 200 index is trading slightly higher at 7860, recovering from an intraday high of 7922 amid rising geopolitical tensions following Israel's airstrikes on Gaza. The upcoming jobs report is expected to show stable employment, likely keeping interest rates on hold. In the energy sector, Beach Energy and AGL Energy saw gains, while gold prices hit a record high, benefiting companies like Regis Resources. The banking sector experienced mixed results, and the materials sector remained steady despite fluctuations in coal and iron ore stocks.

ASX 200 hits record high amid strong earnings and rate cut expectations

The ASX 200 reached a new record high of 8575.2, buoyed by strong earnings and expectations of interest rate cuts from the RBA. Temple & Webster's shares soared 13.73% after reporting a 23.6% revenue increase, while Treasury Wine Estates saw a 5.07% drop due to cautious guidance. The financial and materials sectors led the gains, with the latter benefiting from rising iron ore prices.

ASX 200 rebounds on global optimism and strong corporate earnings

The ASX 200 rose 95 points (1.13%) to 8512, driven by optimism from Wall Street and strong corporate earnings, including a 6.15% gain for News Corp after its quarterly report. The financial sector rebounded, while the energy sector struggled, with Beach Energy down 3.63% despite a 20% earnings surge. The index remains in a bullish trend, supported above 8380-8360.

ASX 200 stabilizes as tariff delays provide temporary relief to investors

The ASX 200 rose 16 points (0.19%) to 8395, stabilizing after the US postponed tariffs on Mexico and Canada. Investors are keenly awaiting a US-China trade deal, which could further boost the index. Key sectors like banking and mining saw gains, while consumer discretionary stocks faced a pullback.

fortescue shares decline following 254 million dollar pilbara acquisition

Fortescue shares have declined following the announcement of a $254 million acquisition in Pilbara. The market reaction reflects investor concerns regarding the financial implications of the deal.

ASX 200 Declines as RBA Maintains Rates Amid Dovish Shift

The ASX 200 fell 34 points (-0.41%) to 8388 as the Reserve Bank of Australia maintained its cash rate at 4.35% for the ninth consecutive meeting, signaling a dovish shift. Resource stocks surged following China's announcement of 'moderately loose' monetary policies, while financial and technology sectors faced declines. A potential rate cut in February is anticipated, contingent on upcoming economic data.
06:31 10.12.2024
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