56m ago
Metals X quarterly revenue rises 3% to $207.40 million as tin prices strengthen
Metals X (ASX: MLX) reported quarterly imputed revenue of $207.40 million, up 3%, as higher tin prices lifted earnings. Imputed EBITDA rose to $125.91 million even as tin output edged lower. The company ended the quarter with cash and equivalents of $374.00 million. It maintained guidance for the Renison resource update and progress on engineering for the Rentails project, while continuing to position for tin and related base-metals opportunities.
56m ago
5h ago
Global wheat rally revives India's export prospects as government allows 5 million tonnes of wheat exports after a fouryear ban
With global wheat prices soaring, Indian wheat stands to benefit from new export avenues. India, possessing ample wheat reserves, has set the stage for exports through 2026. Current market dynamics, bolstered by increased freight costs and worries over worldwide crop yields, have triggered a price surge. As a result, Indian wheat prices now align favorably for exports to Bangladesh. Additionally, wholesale wheat prices in Delhi reflect this upward trend.
5h ago
6h ago
Senate staff probe into alleged China-based policy interference knocks Amazon shares down about 4% ahead of July 30 earnings
Staff for the U.S. Senate Small Business Committee are conducting a fact-finding review into allegations that China-based employees improperly influenced Amazon’s third-party seller policies, including account reinstatements and potential rule circumvention. The inquiry is not an enforcement action at this stage, but it coincided with an about 4% single-session drop in AMZN. The issue lands ahead of Amazon’s July 30 Q2 earnings release, raising investor concerns about potential regulatory risk and higher compliance costs, even as AWS and AI infrastructure remain strong growth drivers.
6h ago