Australia

De Grey Mining (OTCPK: DGMLF) has announced an ambitious plan to raise $395 million (A$600 million) to support the financing of its Hemi Gold Project in Western Australia’s Pilbara region. The equity raising is a strategic move to fulfill a pre-condition for debt financing, allowing the...

Elon Musk's acquisition of X sparks global debate as clashes with Brazil and Australia over free speech restrictions intensify. Elon Musk, the CEO of X, Tesla, Inc. (NASDAQ:TSLA) and SpaceX who is known for his stance on free speech, is embroiled in yet another free speech debate after acquiring X...

Elon Musk has escalated his conflict with the Australian government, advocating for the incarceration of a senator and voicing criticism of Australia’s gun laws. This follows a court directive to remove a violent video from his social media platform, X. What Happened: On Tuesday, an X user...

Antony Blinken‘s top deputy and the U.S. Under Secretary of State for Arms Control and International Security has dismissed concerns that the AUKUS pact, a trilateral defense and security agreement, would incite a nuclear arms race in the Indo-Pacific region. What Happened: Ambassador Bonnie...

By RoboForex Analytical Department The AUD/USD pair is experiencing upward momentum for the second consecutive day, reaching a one-week high near 0.6453 on Tuesday. This positive movement comes after a period of rapid decline and is supported by encouraging economic data from Australia. The latest...

Tesla and SpaceX CEO Elon Musk has responded to the Australian Prime Minister’s criticism, asserting that he does not consider himself above the law. This comes amid a legal dispute between the tech platform and Australia over the removal of a violent video. What Happened: On Tuesday, Musk...

By RoboForex Analytical Department The AUD/USD pair remains under pressure, hovering around 0.6528 on Friday. Earlier this week, the Australian dollar faced significant challenges, with a sharp decline against the USD. Efforts to stabilise the exchange rate have seen limited success thus far. The...

Iron ore prices are on the rise, fueled by optimism about increased demand from China, the world’s top consumer of the steelmaking ingredient. The iron lift-off is welcoming for the Australian dollar (AUD), a currency heavily influenced by the performance of this key export commodity....

Multinational mining giant Rio Tinto (NYSE:RIO) has appointed Bold Baatar as its chief commercial officer (CCO), entrusting him with global business development. Bataar joined the company in 2013 and became the copper business chief in 2021. He will inherit the commercial post in September,...

Australia and New Zealand have accused China of orchestrating cyberattacks on their democratic institutions. The accusations come in the wake of similar claims by the U.S. and U.K. against Chinese state actors. What Happened: New Zealand’s Foreign Minister Winston Peters on Tuesday condemned...

In a recent development, former U.S. President Donald Trump has hinted at the possibility of removing Kevin Rudd, the Australian ambassador to the U.S., from his position if he returns to power. This comes in the wake of Trump’s criticism of Rudd’s attitude, which he described as...

By RoboForex Analytical Department The Australian dollar has momentarily halted its downward trajectory against the US dollar, stabilizing around the 0.6565 mark. With a lack of significant domestic data from Australia, the AUD's movements are largely influenced by the performance of the...

In a recent development, Meta Platforms (NASDAQ:META), the parent company of Facebook, has announced that it will stop compensating news publishers for their content on the social media platform in Australia, France, and Germany. What Happened: Meta Platforms revealed on Wednesday that it will no...

In a recent development, Australian authorities are reportedly probing an assault claim against Scott Swift, the father of renowned pop singer Taylor Swift. The incident is said to have taken place on a Sydney wharf on Tuesday. What Happened: Scott Swift, 71, has been accused by Ben McDonald, a 51-...

Australia is set to implement laws that will allow workers to disregard unreasonable calls and messages from their employers outside of work hours without facing any repercussions. This is part of a broader set of changes to industrial relations laws proposed by the federal government. What...