Copper Bandwagon Off and Running Again
The copper cheer squad is on the march again, judging by comments at this week’s conference and analyst reports – with sources from Goldmans to Glencore talking up its prospects.
Read MoreThe copper cheer squad is on the march again, judging by comments at this week’s conference and analyst reports – with sources from Goldmans to Glencore talking up its prospects.
Read MoreNext week sees the release of what will be the key drivers of the future for the world’s growing renewables sector, with special focus on details of the Biden Administration’s Inflation Reduction Act.
Read MoreLarge and small players in China’s New Energy Vehicle industry – from raw materials to batteries and now distribution – have hit tough times, with a slide in sales growth and broad-based price-cutting.
Read MoreGold has elbowed its way above $US2,000 an ounce for the first time since August 2020 as investors oddly sought safe haven protection in the wake of the Fed’s latest interest rate rise.
Read MoreInvestment company Soul Pattinson had a strong six months to the end of January, lifting profit 38%, and subsidiary Brickworks joined in the fun with a record half-year.
Read MoreSigma Healthcare is paying a tiny half a cent per share final dividend after it slashed debt, boosted revenues and swung back to a small profit for the year to the end of January.
Read MoreUS investors liked, and then reversed their approval of, the 0.25% rate rise from the Federal Reserve and the reasoning that the health of the economy remains the primary concern.
Read MoreHere are short updates on a couple of stories from earlier this week – the hacking of Latitude Financial Services and the on-market takeover bid of Mincor by Andrew Forrest’s Wyloo Metals.
Read MoreThe news has slipped past most investors, but the copper mining interests of BHP, Rio Tinto and South 32 look likely to escape any punitive new taxes from the leftist government of Chile.
Read MoreThe end of Covid lockdowns and strong market recognition saw KMD Brands’ trio of labels – the original Kathmandu, Oboz and especially RipCurl – power to a record first half performance.
Read MoreAfter looking around overseas, Andrew Forrest’s Wyloo Group has returned to Australia to make its first big deal in minerals with a $760m takeover bid for Mincor Resources.
Read MoreGalileo Mining shares surged nearly 30% Tuesday after it revealed it had found what could be a major extension of its promising Callisto PGE find near Norseman in WA’s goldfields.
Read MoreAccording to the minutes of its March 7 meeting, the Reserve Bank is close to hitting the ‘P for pause’ button on its monetary policy lever after ten rate rises in the past year.
Read MoreNew Hope Corporation confirmed the coal price boom extended to the end of January this year with a massive surge in interim revenue, earnings and payout to shareholders.
Read MoreEvolution Mining has bounced back after last week’s Ernest Henry setback with news that its key Cowal mine in central western NSW will be coming on stream earlier than planned.
Read MoreMajor retailers led by JB HiFi and Harvey Norman will have to find new sources of consumer finance after the hacking crisis at Latitude Financial worsened considerably.
Read MoreEven though the Covid testing boom is over, Australian Clinical Labs still wants to create the country’s largest pathology provider by taking over the number one tester, Healius.
Read MoreThe continuing banking crisis saw the Australian sharemarket slide again on Monday amid more concern about the stability of the global financial system.
Read MoreConfidence remains fragile in global financial markets at the start of another trading week in the wake of the second bailout attempt in less than seven days for stricken Swiss bank Credit Suisse.
Read MoreAll eyes will turn to the Asian-Pacific markets today to see their initial reaction to the news over the weekend that UBS is considering making a move on the beleaguered Credit Suisse.
Read MoreAnother week of turmoil looms as the global banking crisis and central bank meetings – led by the US Federal Reserve and the Bank of England – hover over markets like the Sword of Damocles.
Read MoreGold soared and US dollar Treasuries did well again on safe-haven buying as those global fears in financial markets just wouldn’t go away by the close of trading on Friday in New York.
Read MoreChina has cut the amount of cash its banks must hold as reserves for the first time this year in a clear move to relieve pressure on its banking system and boost its slow economy.
Read MoreAmid the surge in instability around banking and financial stocks, high quality tech giant shares like Apple have become a sort of a safe haven for worried US investors.
Read MoreBYD, the world’s biggest EV maker, has made an important strategic move for the Australian industry by setting up a plant in Thailand, which could see it making tariff-free vehicles for export.
Read MoreThose looking for an immediate boost to iron ore company prices from China’s re-opening best be patient, with the recent rebound in crude steel production not as strong as it first looked.
Read MoreThe ECB lifted its key rate by half a per cent but the big deal on Thursday came late in the US session when troubled US regional First Republic got a $US30 billion lifeline from a group of major rivals.
Read MoreNew Zealand might be the first major economy where economic growth has been battered into contraction by overaggressive tactics in the battle against persistently high inflation.
Read MoreTroubled bank Credit Suisse will borrow up to $US54b from the Swiss central bank and buy back a big chunk of its debt in an attempt to boost its liquidity and calm investors.
Read MoreNormally jobs data as strong as we got for February would be enough to send the RBA yanking the half a per cent lever for its cash rate – but these are anything but normal times.
Read MoreCasino operator Star Entertainment Group has secured its $800 million lifeline which will allow it to continue trading into the upcoming NSW State Election and, hopefully, beyond.
Read MoreSwiss financial regulators say they will help troubled banking giant Credit Suisse “if necessary” after its shares slumped 24% Wednesday, sparking more fears about bank stability.
Read MoreIf January and February’s economic data is any guide, the first two months of China’s re-opening after more than two years of Covid lockdowns have been, at best, an uneven experience.
Read MoreWestgold Resources continues to get encouraging exploration results from its flagship Big Bell mine in WA as it ponders whether to expand downward or outward.
Read MoreFebruary’s US CPI data coming in line with expectations means US interest rates will rise again next week – unless another bank or a big holder of bonds falls over in the meantime.
Read MoreJobs growth looked solid in the early weeks of February, according to the latest ABS payroll data, suggesting today’s labour force data could also meet bullish expectations.
Read MoreCapricorn Metals has reported higher December half earnings after a solid final three months of the year and says it is on track to meet guidance for the year to the end of this June.
Read MoreAdelaide-based Kelsian Group is set to enter the huge US tourism and transport market via the acquisition of coaches and charter bus business All Aboard America! Holdings.
Read MoreThree key bank-led surveys for February gave mixed readings on business conditions, confidence and consumer sentiment on Tuesday in the wake of the RBA’s 10th rate rise.
Read MoreBlack Cat Syndicate is moving closer to a decision on whether to restart mining at the Paulsens prospect in WA’s Pilbara after announcing a new round of solid-looking diamond assays.
Read More