Star’s Twinkle Continues to Dim
Shares in casino operator Star slid nearly 12% at one stage yesterday after revealing a sharp worsening in its business, a review of the Sydney operation and 500 full time positions being cut.
Read MoreShares in casino operator Star slid nearly 12% at one stage yesterday after revealing a sharp worsening in its business, a review of the Sydney operation and 500 full time positions being cut.
Read MoreWhile it was a mostly flat performance from Perseus Mining in the three months to March, the African-focused gold miner is still on track to finish the year comfortably ahead of 2021-22.
Read MoreUpdates in Tuesday’s ASX session from up-and-coming cobalt miner Jervois Global, which has had a change of tack, and Evolution Mining, which has got things back on track.
Read MoreThanks to a surge in household spending and exports, China’s GDP grew at an annual rate of 4.5% in the March quarter – much faster than most had forecast and well up on a year prior.
Read MoreThe RBA certainly seems to feel no compulsion to put the market’s mind at ease about interest rates, choosing instead to send conflicting messages that only add to the confusion.
Read MoreA very different story yesterday from recent bullish talk for Regis with a weak performance in its WA mining operations forcing the company to downgrade its production forecasts.
Read MoreGenesis Minerals is having a second go at keeping its Laverton concentration plans alive by recasting its deal with key target St Barbara into a straight buy of SBM’s gold assets.
Read MoreA couple of ASX news bites to start off the week, with transporter Lindsay Australia ticking its forecasts up nicely and Fletcher Building forced to top up provisions for a defective product.
Read MoreThe years-long EML Payments soap opera gave ASX investors yet one more plot twist Monday with a very brutal management change and a monumental shift in strategy.
Read MorePeter Milios from Finance News Network with a round-up of the highlights from today’s ASX trading session.
Read MoreGold ended on Friday with another massive move – down this time – while oil again held up above $US80 a barrel as signs of easing US inflation dominated investor sentiment.
Read MoreWill it be a case of goodbye Hoover House this morning when Genesis Minerals and its would-be deal partner St Barbara emerge from trading halts that have been in place since April 4?
Read MoreBusiness reporting grabs the diary spotlight this week – earnings in the US for the three months to March and major miners’ production and exploration activities in Australia for the same period.
Read MoreEven though Wall Street and gold prices ended the week with losses, the ASX 200 should start with a small gain as the ASX 200 futures closed up slightly in trading on Friday.
Read MoreChina’s confusing economic picture can best be seen from its commodity imports in March – iron ore, coal and oil were strong but copper, the traditional bellwether of economic strength, fell sharply.
Read MoreAmerica’s EPA has revealed tougher rules to underwrite US demand for EVs over the next decade, with carmakers and miners handed the first set of ground rules for accessing subsidies.
Read MoreAs the good times continue to roll for for gold miners with global prices staying bullish, we take a look at a few local companies looking to capitalise while the going is so good.
Read MoreInvestors ended up being pretty sanguine on Friday about the Bank of Queensland announcing $260 million in provisions, lower profit and dividend, and possible pressure from regulators.
Read MoreGold continues to give for investors and miners in Australia, as prices hit their highest level of the year on Thursday, driven by investor bets that inflation will remain sticky despite recent signs of easing.
Read MoreAn unexpected surge in Chinese exports in March doesn’t alter the reality of a weak domestic economy as underlined earlier this week by more deflation in consumer and producer prices.
Read MoreStrong March labour force data released yesterday means the RBA and Federal Treasury will be waiting a while longer for the lagged impact of the rate rises to catch up to the jobs market.
Read MoreLike the March job numbers there was just enough in the US consumer price index data overnight to justify both another quarter of a percent rate hike from the US Fed or a pause.
Read MoreAmerica’s March quarter earnings season kicks off tonight and, US financial data company FactSet believe investors should be worried about the gloomiest outlook in 17 years.
Read MoreWhitehaven Coal warned Wednesday that a weak production performance in the March quarter had forced it to cut its 2022-23 output and sales guidance by upwards of 10%.
Read MoreWestgold provided an early gold production update Wednesday, and remains confident of reaching the top end of its 2022-23 guidance after a solid effort in the three months to March.
Read MoreTwo contrasting investment decisions this week show that Warren Buffett and his Berkshire Hathaway empire are far more comfortable with Japan as the risks in China continue to increase.
Read MoreGlencore’s move on Teck Resources is getting interesting with a cash component added to the previously all-share offer placing extra pressure on Teck to delay a key shareholder meeting.
Read MoreNAB’s March business conditions and confidence survey could be enough to encourage the RBA to leave its hands off the interest rate lever despite ongoing resilience around the economy.
Read MoreThe chances of Newcrest Mining falling to foreign control rose on Tuesday after Newmont recast the terms of its February bid, effectively boosting it to a smidge under $A30 billion.
Read MoreA positive update from Evolution Mining Tuesday even with the loss of thousands of ounces of gold and thousands of tonnes of copper from its still damp Ernest Henry mine.
Read MoreDespite the clear impact of the re-opening of the Chinese economy on its huge manufacturing and service sectors, inflation figures released Tuesday tell a very different story.
Read MoreMarch inflation reports for the world’s two biggest economies come to the fore today and tomorrow as the tensions from the recent brush with a major banking crisis continue to ease.
Read MoreAnalysts think an outbreak of M&A activity among oil majors is imminent and inevitable, starting with the mooted takeover of shale operator Pioneer Natural Resources by Exxon Mobil.
Read MoreIt was jobs and wages last week for the US, this week it’s Consumer Price inflation and retail sales, with the minutes of the March meeting of the Fed thrown in as a ‘bonus’.
Read MoreOn top of economic data and central bank meetings, investors will have to focus on Thursday’s job numbers for March and what they mean for the future direction of local interest rates.
Read MoreChalice Mining’s 2023 is much different than was planned a year ago as its Gonneville find becomes more attractive to companies and investors across the globe, although not in Australia it seems.
Read MoreJust as gold is running again with Comex futures approaching 2020 highs, extra support has emerged in new data on the continuing strong buying from the now familiar coterie of central banks.
Read MoreAustralia’s preferential role in America’s huge renewable spending boom has been cemented by the latest US Treasury and IRS rules governing green things like battery manufacturing and materials.
Read MoreReg Rowe, founder of Super Cheap Auto and then CEO and chair of its listed successor Super Retail Group, has stepped down after a 51-year association with the company.
Read MoreSigns of a slowing economy including a 0.7% contraction in 4Q22 didn’t stop the Reserve Bank of NZ from raising its official cash rate by another half a per cent to 5.25% on Wednesday.
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