BlueScope has received a takeover proposal valuing it at $30 a share. This unsolicited and non-binding offer has been made by a consortium composed of Kerry Stokes' SGH and the US-listed Steel Dynamics. Under the offer, SGH would aquire all of Bluescope's shares and then sell the North American businesses to Steel Dynamics. The BlueScope board says it is currently reviewing the offer. Looking back to late 2024 and early 2025, Steel Dynamics had already approached BlueScope wi

The S&P/ASX 200 shed 0.72% to 8,635 points as it opened the last full trading week of 2025.    AI bubble fears sent Wall Street lower, with these losses reverberating locally this Monday, in addition to weaknesses in the miners.   With copper giving back recent gains, and iron ore prices also lower, diversified miner  BHP  dropped by 2.9%. Fortescue  also shed 1%, on the day it flagged plans to fully acquire a Peruvian copper miner.    Meanwhile the ASX  stock itself was in t

Morgan Stanley has published a note on Rio Tinto, following the miner's Capital market Day. The investment bank rates the stock 'equal-weight', with a $129.50 target price. The stock has just reached a record high of around $140 on stronger copper prices, but the bank warns of higher capex in FY27, before being reduced due to lower decarbonisation spending. Morgan Stanley says the Capital Market Day was slightly below expectations which may lead to some rotation into BHP . A

Higher commodity prices overnight were not enough to compensate for the weakness seen in CBA

The S&P/ASX 200 ended the session flat, dragged down by tech stocks tracking a weaker session in New York. The local market was 0.1%...

The S&P/ASX 200 continued to slide from record highs, down 0.27% to 8,956.80 points this Tuesday.   Consumer discretionary was the...

The S&P/ASX 200 rose more than 1% to close at 8,945.9 points during Thursday's trade, supported by gains in the miners and the banks. ...

The RBA's decision to keep rates on hold sent the S&P/ASX 200 0.2% lower to 8,848.80 points this Tuesday, despite a positive start.  The...

The S&P/ASX 200 extended Monday’s gains and finished Tuesday’s session 0.4% higher to 8,845.9 points, supported by the miners and the...

The S&P/ASX 200 was lifted by the miners this Monday, ending 0.43% higher at 8,810.9 points. Gold miners rallied, with Genesis Minerals ...

La marine chinoise est entrée en contact avec des plongeurs australiens alors qu’ils tentaient de retirer des filets de pêche sous le...

A commercial aircraft caught fire yesterday in Kununurra, north-east of WA. The passenger has died, and the pilot is seriously injured. ...