‘A good idea’: Elon Musk’s Tesla and SpaceX exploring merger to create $5 trillion giant
Elon Musk says the companies have taken preliminary steps towards sealing what would rank as the largest corporate tie-up of all time.
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Critica tables monster $2.7B valuation for WA rare earths play
Critica Limited’s WA rare earths scoping study has delivered a huge $2.7 billion pre-tax valuation, 56% IRR and $556 million in upfront capital earmarked for a 14-year operation.
China’s export boom is becoming its Achilles heel
China is on track for a record trade surplus, but is facing increasing pushback from the countries whose economies are being ravaged by its flood of exports.
ASX falls despite AI rebound on Wall Street; NAB and BHP decline
The Australian sharemarket was on the back foot in Tuesday’s session, with miners, energy stocks and banks leading losses.
It’s the management stupid; Dollar Bill says back the skipper, not the ship
Boards change, projects change and even company names magically morph, but Dollar Bill asks whether it is real change or just the tired old format re-polished.
NAB slashes 2500 jobs amid fears other banks will swing the axe
The National Australia Bank has announced it will axe up to 2500 jobs over this financial year, while also reducing the use of external consultants.
CNN anchor Christiane Amanpour to leave after 43 years
The network’s chief international anchor will sign off next year as CNN comes under controversial new ownership after the biggest media deal in history.
‘We want to show our sincerity’: Stax to relaunch with credit program for lost orders
The activewear label is under new management, but has brought back some familiar faces – and is keen to set things right.
The China car flood is out of control
China is addicted to making cars, and it is dragging down the entire industry.
Kaiser gold loan exit frees $600K a month for mine growth
Kaiser Reef has repaid its Auramet gold loan, a move that boosts its monthly cash flow by about $600,000. The Henty gold mine in Tasmania fully funded the debt.
Forget tall poppy syndrome, corporate Australia is a second-chance saloon
AI start-up Firmus’ planned public listing wasn’t derailed by its boss’ history. Will a retail chief’s alleged lies denying an affair scupper his shot at a float?
Accelerate hits manganese jackpot with 59.6% Pilbara grades
Accelerate Resources has unearthed near-60% manganese rock chips at its Woodie Woodie North project in WA, bolstering a 12km underexplored mineralised corridor.
Great Southern uncovers new high-grade hits in WA gold hunt
Great Southern has hit high-grade gold in maiden RC drilling near Laverton in WA, with a top hit of 5m at 6.71g/t, including 3m at 10.4g/t, along a 4.7km corridor.