Gold Glitters Anew in Troubled Times
Suddenly gold is back in favour as a hedge for nervy investors when other parts of the financial markets step out of line, as has been the case these past few days.
Read MoreSuddenly gold is back in favour as a hedge for nervy investors when other parts of the financial markets step out of line, as has been the case these past few days.
Read MoreChinese President Xi broke with convention over the weekend, reappointing Yi Gang as the head of the People’s Bank of China despite him recently having attained retirement age.
Read MoreThe surge in inflation and subsequent rate rises have triggered massive unrealised losses among the world’s central banks, with the the Swiss National Bank one of the worst-hit.
Read MoreThe big rain event across much of Queensland has claimed another mine with Evolution Mining revealing a six-week shutdown at its Ernest Henry operation in the northwest of the state.
Read MoreThe Biden administration and regulators have found a clever way to make the US financial system fund its own stabilisation in the wake of the closure of three banks.
Read MoreThe immediate question facing markets is whether the collapse of SVB will impact the Fed’s monetary policy stance and override concerns from Friday’s job data and tomorrow’s CPI report.
Read MoreAfter the shock of January’s jobs data, no one thought the collapse of an obscure West Coast bank would rattle markets and draw attention away from the Fed and its next rate rise decision.
Read MoreCommodities in general and gold in particular were unwitting beneficiaries of the SVB collapse, lifting investors out of their gloom at the prospect of more rate rises and a stronger US dollar.
Read More2023 is shaping up as another near record year for rural Australia with the gross value of agricultural production forecast to top $90 billion for the third year in a row.
Read MoreThe announcement Friday morning from the Australian Securities and Investments Commission has mostly ended 8 years’ turmoil for the Australian financial sector and its customers.
Read MoreIs a financial crisis developing in the US banking system after Thursday saw the biggest shakeout in financial stocks for three years with two banks especially in the spotlight?
Read MoreChina’s economic re-opening from the harsh Covid lockdowns of 2022 is going to be a slow and steady process, judging by the first trade data for 2023.
Read MoreTrading in shares of Piedmont Lithium and Atlantic Lithium was halted until Monday to allow the companies to prepare a response to what was enigmatically referred to as “an online report”.
Read MoreMyer delivered on Thursday what was arguably the best result from the retailing sector for the first half of the 2022-23 financial year, more than doubling net profit to $65 million.
Read MoreIt will pay to keep a close eye on a couple of US statistics in particular over the next few days – tonight’s jobs data and and then next Tuesday’s CPI report, both for the February period.
Read MoreNZ accounting software maker Xero has become the latest technology company to announce major staff cuts, telling investors on Thursday it would axe up to 800 roles around the world.
Read MoreWednesday saw New Century Resources throw in the towel and capitulate to the unsolicited $1.10 per share cash bid from South African precious metals miner Sibanye-Stillwater.
Read MoreTwo different economies at different stages of their battle with inflation – but there are some similarities between the US and Australia, as well as one glaring disparity.
Read MoreGood news from China for producers of renewable metals, with a surge in sales of new energy vehicles in February that should allay lingering concerns caused by January’s soft start.
Read MoreCarsales.com is looking for half a billion dollars in a new capital raising to finance its decision to take a controlling stake in Brazil’s biggest online car sales marketplace.
Read MoreFederal Reserve chair Jerome Powell sent shivers through financial markets when he told the US Senate, on Tuesday that interest rates may have to rise by more than previously forecast.
Read MoreAs expected the Reserve Bank raised its key cash rate for a 10th time by 0.25% to a forecast 3.6%, but again signalled that at least one more rate increase is on the cards.
Read MoreLost in the fallout from Elon Musk’s comments on rare earth mineral usage was the news that Tesla was cutting prices on some of its US models for the 5th time since the start of the year.
Read MoreShares in InvoCare – owner of White Lady Funerals, Simplicity Funerals and Le Pine – jumped 37% on Tuesday in early trading after a buyout proposal from US private equity group TPG.
Read MoreThose who moaned after the FIRB Northern Minerals decision should look at Canada, where foreign investment in the resources sector – especially from China – is facing greater scrutiny.
Read MoreExisting shareholders in Bravura Solutions face a massive dilution as the company looks to save itself via a $80 million fundraising that will boost issued capital by 81%.
Read MoreBYD moved further ahead of Tesla in the huge and competitive Chinese New Energy Vehicle market in February, although both reported rebounds in NEV sales over that period.
Read MoreThe RBA is expected to lift the cash rate by another 0.25% today, even though there is clear evidence the economy is slowing and consumer spending and incomes are weakening.
Read MoreCore Lithium shares had a nice little run up on Monday, jumping 6% after it more than doubled the mineral resource for part of its Finniss lithium project in the Northern Territory.
Read MoreA surging Wall Street has clearly accustomed itself to the prospect of high interest rates for longer and is more and more confident the US economy will not slide into a recession.
Read MoreThe US jobs data for February dominates market this week – even in Australia where the next rate rise from the Reserve Bank tomorrow is a given, as far as markets are concerned.
Read MoreChina is looking for consumers to grow the economy faster than it did in Covid-damaged 2022, but remains reluctant to set an actual target as opposed to rough estimates and generalities.
Read MoreUS energy companies have cut the number of active oil rigs for the third successive week, a sign they are increasingly worried about future US production this year and next.
Read MoreOn the face of it there shouldn’t be any link between the regulatory decision on Northern Minerals this week and CATL’s near-total exit from Pilbara Minerals, but with Chinese companies you just never know.
Read MoreEmerging gold/copper miners Alkane Resources and Magmatic Resources are starting to make waves with their neighbouring prospects in the increasingly productive central west area of NSW.
Read MoreBooming Iluka Resources has taken its first step to a rare earths future by greenlighting its $480 million Balranald critical minerals development in southern NSW’s Riverina area.
Read MoreThursday saw some good news from Evolution Mining regarding its Ernest Henry mine, while it may well be game, set and match in the long-running battle for Nitro Software.
Read MoreElon Musk’s Master Plan 3 for Tesla was long on vision and claimed achievements, but short on specifics about any new products, particularly a lower-priced EV.
Read MoreThursday’s release of January building data by the ABS included a 10-year low for new private housing approvals, and we won’t have to wait long for some insight into why this might be.
Read MoreWhile the December quarter and 2022 calendar year growth figures were on forecast, the tantalising bit of economic data yesterday was January’s sharp monthly inflation fall.
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