MGX Resources reports $30.2M net loss
MGX Resources (ASX:MGX) generated $204 million in revenue from iron ore sales of 2.7 million wet metric tonnes.
MGX Resources (ASX:MGX) generated $204 million in revenue from iron ore sales of 2.7 million wet metric tonnes.
Anthropic expects to match or beat the size of SpaceX's record-setting initial public offering, according to people familiar with the matter, in the latest sign of overwhelming demand from investors looking to profit from the artificial intelligence boom. Anthony Stephens has the latest.
The Trump administration is preparing to unveil its campaign to economically isolate Iran including plans to extend the strategy to countries that continue trading with Tehran such as China. John Sfakianakis, Chief Economist and Head of Research at the Gulf Research Center spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa on the GCC ties to Iran.
Banca Monte dei Paschi is seeking to buy two separate banks for a combined value of 34 billion ($40 billion) as it seeks to prevent being bought by rival Intesa Sanpaolo. The Italian lender said it's launching an all-share bid for Banco BPM valuing it at 25.3 billion and another one for Banca Generali valuing it 8.7 billion, according to a statement Friday, confirming an earlier Bloomberg News report. Tommaso Ebhardt reports from Milan.
Reserve Bank of Australia Governor Michele Bullock outlined a three-point strategy to modernise statistical frameworks.
Beam Communications (ASX:BCC) posted a net profit after tax of $14.2 million for the financial year ended June 30.
Maryann Tseng, Chief Strategy Officer at Phancy Group, says growing global demand for AI development will help drive the company's growth over the next several years. She speaks exclusively on "The China Show."
Andrew Fung, CFO of Henderson Land, says uncertainty over tax policies and the interest rate outlook could affect sentiment in Hong Kong's property market. He speaks exclusively on "The China Show."
Noble Helium (ASX:NHE) executed a binding agreement to acquire 100% of the issued share capital of Earth Source Hydrogen.
Treasury Secretary Scott Bessent vowed to ramp up pressure on Iran by targeting its economic partners, saying "You are either with us, or against us". But as Bloomberg's Stuart Livingstone-Wallace explains, his realistic options to further isolate Iran's economy may be limited.
Accent Group (ASX:AX1) announced its full-year financial results for the 52 weeks ended June 28, delivering total sales of $1.64 billion.
As the AI buildout relies more heavily on credit and equity financing, access to capital is emerging as an another more acute pain point for the AI trade. Hyperscalers alongside specialized AI ventures are flooding credit markets with record amounts of new debt to pay for power-hungry data centers, chips, and energy grids. At the same time, governments, led by the US, facing skyrocketing budget deficits, rising defense budgets, and higher term premiums are issuing record volumes of sovereign debt. Traders are now making space in their portfolios for corporate bonds offering far higher yields on AI debt as a wave of potential mega-IPOs from OpenAI and Anthropic approach.