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The Latest Breaking News from ASX

Blackhawk Appoints Justin Hanka as Chairman of The Board

Vancouver, British Columbia – TheNewswire - June 06, 2022 – Blackhawk Growth Corp. (the "Company") (CSE:BLR) (OTC:BLRZF) (Frankfurt:0JJ) is pleased to announce the appointment of investment banker Justin Hanka as Director and Chairman of the Board of Directors to help execute corporate transactions in Blackhawk.

Benzinga

US financial regulators threaten to delist Chinese companies but will Beijing compromise to save their American dream?

For decades, Chinese billionaires and entrepreneurs have dreamt of their companies making it on the New York stock exchange, but now they face the risk of being delisted if Beijing does not step back.

ABC News

2023 Mitsubishi ASX Engine Specs Revealed, PHEV Gets 160 Horsepower

The base model is getting a 1.0-liter three-pot mill with a mighty 91 hp.

Motor1

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Crest Announces the Following Corporate Update, Property Acquisition and Financing

Highlights Additions to Management and Board

Benzinga

Appen down 22pct after Telus revokes bid

A Canadian tech conglomerate has withdrawn its $1.2 billion tentative takeover offer for Sydney-based Appen, which provides services to the AI industry.

AAP

NAB to introduce buy now, pay later product placing further pressure on existing operators

Standalone operators feel burden of rising interest rates and slowing growth as third big Australian bank enters BNPL scene

The Guardian - AU

3 Undervalued Tech Stocks Trading Under $10

Concerns over aggressive interest rate hikes by the Federal Reserve to tame multi-decade high inflation have wreaked havoc on tech stocks. However, given the increasing dependence on tech solutions, the stocks of fundamentally sound technology companies should rebound soon. Therefore, we think it could be wise to bet on quality…

StockNews.com

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Woolworths to buy MyDeal.com.au for $243m

Supermarket giant Woolworths is proposing to acquire MyDeal.com.au for $1.05 per share, a 63 per cent premium.

AAP

Woodside shareholders back BHP oil merger

Woodside shareholders have backed the company's merger with BHP's petroleum arm, creating a new global heavyweight.

AAP

ASX joins crackdown on 'greenwashing'

The Australian Stock Exchange has warned companies against using the market disclosure system for misleading 'greenwashing' to inflate share prices.

AAP

Wet weather has been great for GrainCorp

ASX listed grain handler GrainCorp is handing shareholders a special dividend and launching an ag-tech venture capital fund after a record half-year profit.

AAP

The Star suspends VIP rebate program aimed at attracting high-spending gamblers

The Star Entertainment Group says it will suspend its VIP rebate programs while it deals with probity issues from a damning inquiry into the company's suitability to run its Sydney casino.

ABC News

AGL reveals demerger would cost $260m as Mike Cannon-Brookes tries to block plan

Atlassian cofounder says released details prove the split would be a ‘terrible outcome’ for energy giant’s shareholders

The Guardian - AU

4 Undervalued Semiconductor Stocks to Add to Your Portfolio in May

While the global semiconductor shortage is not expected to ease anytime soon, robust demand and the government's robust initiatives to ramp up domestic chip production could aid the industry’s growth. So, we think quality semiconductor stocks ASE Technology Holding (ASX), Axcelis Technologies (ACLS), ROHM Co (ROHCY), and Advanced Energy Industries…

StockNews.com

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Motor1

Reborn Mitsubishi Colt Teased For 2023 Launch With Hybrid Power

The supermini will join the new ASX in the company's refreshed portfolio for Europe.

ABC News

Oil prices sink as Joe Biden announces largest-ever release of emergency US oil supplies, ASX edges lower

Australian shares close slightly lower, following a 6 per cent drop in oil prices as Joe Biden announces the US will release 180 million barrels of oil from its Strategic Petroleum Reserve over six months, and Wall Street posts its worst quarterly loss since COVID-19 first struck.

Benzinga

DYLLF: Deep Yellow Limited and Vimy Resources Agree to Merge. Attributable Resources Expand to 389 Mlbs. Deep Yellow to have multi-jurisdictional flagship projects in Namibia and Australia.

By Steven Ralston, CFA OTCQX:DYLLF | ASX:DYL.AX

ABC News

Russian share market reopens after month-long closure, ASX at two month high

The Russian stock market surges after being closed for a month, and the ASX climbs on higher iron ore prices and a rise on Wall Street.

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The Guardian - AU

NBN upgrade to single business in Barnaby Joyce’s electorate to cost $630,000

Joyce wrote letter of support for ASX-listed Costa Group for fibre-to-the-premises conversion under Coalition grants program

Benzinga

Incannex Healthcare To Acquire APIRx Pharmaceuticals For $93.3M

Incannex Healthcare Limited (NASDAQ: IXHL) (ASX: IHL) announced that it has executed a term sheet with binding commercial terms to wholly acquire APIRx Pharmaceutical USA, LLC, subject to shareholder approval under ASX listing Rule 7.1.

ABC News

ASX rises as lithium miners boost the market; Probuild finds another buyer

Australian shares have started the week on a high, after losing ground for weeks on the ongoing war in Ukraine.

StockNews.com

3 Top Rated Semiconductor Stocks with Dividend Yields More Than 3%

Despite the burden of escalating global tensions on investor sentiment, the semiconductor sector continues to thrive because the demand for semiconductor chips in electric vehicles and other consumer electronics is robust. So, we think high-yielding semiconductor stocks Intel (INTC), ASE Technology (ASX), and ChipMOS (IMOS) could be great bets now…

ABC News

Oil surges, pushing up Santos, Paladin and Woodside as ASX falls sharply

The Australian share market fell sharply on Monday amid a surge in oil prices as the war in Ukraine continues to rock commodity and equity markets.

Benzinga

Psychedelics And Virtual Reality Treatment Developed By Monash University, Funded By Incannex

Incannex Healthcare Limited (NASDAQ:IXHL) (ASX:IHL) has implemented a license agreement with Monash University to develop a novel treatment that combines virtual reality and psychedelics. This marks the initiation of a second clinical psychedelic therapy program. "We're delighted to have commenced this exciting project and to have expanded our partnership with…

ABC News

Global markets take a hit on Russian strikes, but ASX defies the trend to rise

The ASX closes up again as the Russian invasion of Ukraine continues to spook global markets. Meanwhile, an Australian miner is booming on a deal with Tesla.

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