Bitcoin (CRYPTO:BTC) has surged to a new record high after President-elect Donald Trump reiterated plans for the cryptocurrency to become a US strategic reserve.
Energy stocks like Woodside (ASX:WDS) are down after the oil price weakened.
And fruit processing company SPC is set to begin trading on the ASX on Tuesday following a back-door listing.
Iron ore prices plummeted as hopes for a significant Chinese stimulus package faded, disappointing investors who anticipated measures to revive the struggling property sector.
Following its lackluster market debut on Friday, the DigiCo Infrastructure REIT (ASX:DGT) remains under close scrutiny as investors assess its long-term viability.
4DMedical (ASX:4DX) has partnered with UChicago Medicine to advance lung care, leveraging its advanced imaging technology to improve diagnosis and treatment of lung diseases.
#asxupdate #asx200 #4dxshares #dgtshares #ASXnews
Financial services giant Insignia Financial (ASX:IFL) has received a non-binding takeover bid from Bain Capital, valuing the company at $2.68 billion.
Rio Tinto (ASX:RIO) is investing $2.5 billion to expand its lithium project in Argentina, capitalizing on surging demand for electric vehicle batteries.
And all eyes are on the upcoming $2 billion IPO of tech company DigiCo, expected to be one of the year's largest.
#asxupdate #asx200 #rio #rioshares #ASXnews
Australia’s corporate regulator ASIC has filed a lawsuit against Rex Airlines, alleging the airline misled the market about its financial health.
This follows Rex's recent entry into voluntary administration.
Meanwhile, the gold price is soaring in Australian dollar terms, nearing record highs.
And Chemist Warehouse is gearing up for a debut on the Australian Securities Exchange in February.
#asxupdate #asx200 #goldprice #goldshares #ASXnews
Media mogul Rupert Murdoch's plan to hand control of Newscorp (ASX:NWS) to his son Lachlan has reportedly failed.
In other financial news, Australian investment giant Perpetual (ASX:PPT) has received a $500 million tax bill.
And healthcare providers Integral Diagnostics (ASX:IDX) and Capitol Health (ASX:CAJ) have announced a $1 billion merger to create a leading Australian diagnostic imaging company.
#asxupdate #asx200 #NWSshares #newscorp #ASXnews
Australia's fourth largest bank, ANZ (ASX:ANZ), has appointed HSBC wealth boss Nuno Matos as the company’s new chief executive.
Meanwhile, Woolworths (ASX:WOW) distribution centers have resumed operations following strike action.
And Superloop (ASX:SLC) has acquired the Optus fibre network for $17.5 million.
#asxupdate #asx200 #ANZshares #ASXnews
The Commonwealth Bank (ASX:CBA) is forecasting an interest rate cut in February.
Meanwhile, shares of iron ore miners like (ASX:BHP) and (ASX:RIO) are lower due to a weaker iron ore price.
And the government Iluka Resources (ASX:ILU) has been awarded a $400 million government loan for a rare earth project.
#asxupdate #asx200 #rioshares #ASXnews
Rio Tinto (ASX:RIO) CEO dismisses calls to unify the miner's dual-company structure, arguing it's not economically beneficial.
Perth-based Spartan Resources (ASX:SPR) has raised $220 million through an institutional placement to fund the recommencement of operations at the Dalgaranga Gold Project.
DroneShield (ASX:DRO) announced an $8.2 million repeat order from a European military agency.
The order involves the supply of their dismounted and vehicle-mounted counter-UxS systems.
#asxupdate #asx200 #rioshares #ASXnews
The ASX 200 index has soared past 8,500 points, reaching a new record high.
In a separate development, Woolworths (ASX:WOW) is facing disruptions as unions block deliveries, potentially impacting Christmas shopping.
Meanwhile, Tasfoods (ASX:TFL) has announced the sale of its Tasmanian milk processing plant.
#asxupdate #asx200 #WOWshares #woolworths #ASXnews
