World Bank Slashes Russian Growth Forecast
The World Bank believes Russia’s economic growth will fall this year because of the invasion of Ukraine, but has also downgraded growth estimates elsewhere, citing inflationary pressures.
Read MoreThe World Bank believes Russia’s economic growth will fall this year because of the invasion of Ukraine, but has also downgraded growth estimates elsewhere, citing inflationary pressures.
Read MoreBlueScope has made its second major US acquisition in six months to help bolster its growing presence in the market, especially in one of its specialities, coated steel products.
Read MoreWhile the packed US economic calendar will dominate markets, China will be another thing to watch as economic data releases start amid the worst Covid outbreak ever in Shanghai and other major cities.
Read MoreIn a development that could hit Australian lithium, nickel and copper producers, China’s huge car making industry is being forced to close as Covid wreaks havoc across the country.
Read MoreIt might well upset some of our self-centred campaigning politicians, but there will only one headline story for global markets in this holiday-shortened week – US inflation.
Read MoreOil was once more the focus of commodity markets over the past seven days and will be again this week due to its role in what will be another big rise in US inflation.
Read MoreSo concerned is Elon Musk about the rising price of lithium, he says Tesla may get into the lithium mining and refining business directly and at scale to try and control the cost.
Read MoreIt has been a big week for central banks both here in Australia and in the US, and both look almost certain to hold the lion’s share of investor focus for the foreseeable future and beyond.
Read MoreFollowing on from last year’s deal with Tesla, rental car operator Hertz has placed another big order for EVs – this time 65,000 units over the next five years from soon-to-list Swedish maker Polestar.
Read MoreThe Federal Government’s March Resources and Energy update has provided a handy rule of thumb for investors looking at electric vehicles as well as the usage and demand for renewable minerals.
Read MoreStrong demand for lithium is currently resulting in shortages of spodumene, lithium hydroxide and lithium carbonate, pushing spot prices for all three commodities to record levels.
Read MoreAn extension to the trading halt in Western Areas shares will give suitor IGO Ltd some time to figure out the next move, if any, in its $1.1 billion all cash takeover offer.
Read MoreAn unexpected surge in imports of consumer goods and fuels to record highs lopped more than $4 billion off Australia’s trade surplus in February from January’s $11.8 billion.
Read MoreWarren Buffett has made another big plunge into a tech stock – spending around $US4.2 billion buying a stake in HP – a laptop maker and part of the old Hewlett Packard.
Read MoreMarch turned out to be a solid quarter for Gold Road, which is bidding for control of DGO Gold, with a nice jump in both output and quality from its 50% owned Gruyere gold mine in WA.
Read MoreThe accelerating boom in demand for lithium has seen Mineral Resources agree to boost output from its joint-owned Wodgina and Mount Marion spodumene mines in WA.
Read MoreA promising update from Australian Vanadium has advanced its namesake project in WA closer to the starting line, judging by what it called a bankable feasibility study for the project.
Read MoreAnother twist in the takeover battle for IVF operator Virtus, with private equity firm BGH changing tack yesterday by offering to launch an off-market bid for the company at $8 per share.
Read MoreA big test for IGO today as it learns if its $1.1 billion takeover offer for nickel rival Western Areas – which resumes trading this morning after a two-day halt – has any future whatsoever.
Read MoreGlobal coal prices rose sharply on Tuesday but oil prices fell as the EU left us a little confused about its latest round of sanctions against Russia.
Read MoreSome important changes in the language of its post meeting statement on Tuesday are a clear indication that the Reserve Bank has moved closer to lifting interest rates this year.
Read MoreASIC is taking Macquarie Group’s Macquarie Bank to court over poor controls on clients’ funds that allegedly allowed a $2.9 million embezzlement to go undetected for four years.
Read MoreExxon Mobil’s announcement of a near-record $US11 billion March-quarter result is a very good tip that the sector globally will report booming profits for the March quarter and beyond.
Read MorePlenty of corporate activity in the local mining sector, with developments today on the proposed takeovers of DGO Gold by Gold Road Resources and Western Areas by IGO Ltd.
Read MoreTesla’s Elon Musk has set a fire under tech stocks with his disclosure that he owns more than 9% of Twitter, potentially making him the biggest stakeholder in the company.
Read MoreRationalisation afoot in the local funds management industry with Sydney-based Perpetual revealing an offer to pay $2.4 billion for Pendal, the old investment arm of Westpac.
Read MoreAustralian resource and energy companies are set up for at least two more years of record revenues and earnings as the re-ignited commodity boom looks likely to continue.
Read MoreWith some Federal assistance, beach sands miner and exporter Iluka is going ahead with a rare earths refinery in WA that will cost up to $1.2 billion and come onstream in 2025.
Read MoreThe status-quo result of Serbia’a elections has produced an outcome that won’t make Rio Tinto happy about the future plans for its $US2.4 billion Jadar lithium project in that country.
Read MoreThe continuing Covid outbreak in Shanghai has had an immediate impact on Tesla, with its March quarter production dipping slightly instead of continuing to rise as previously forecast.
Read MoreAustralian monetary policy will dominate local markets early this week ahead of tomorrow’s RBA April meeting, with all of the usual global forces still doing their bit to unnerve investors.
Read MoreEquity markets are heading into what looks like being a volatile second quarter, but April – the heart of the northern Spring – is traditionally the best month of the year for stocks.
Read MoreThere could be more pressure on the oil price this week as other major economies will follow the US lead and release some of their reserves following a meeting of the IEA on Friday.
Read MoreWe received confirmation on Friday that the three months to March saw Australia enjoy one of the strongest quarters on record for commodity income and our terms of trade.
Read MoreNo sign of the LME’s nickel short debacle impacting demand and deals for the metal, although pricing remains uncertain with confidence slow to return to trading in the contract.
Read MorePresident Biden’s invocation of America’s Cold War powers may just prove the necessary kick-start to US domestic production of critical minerals for EV and other types of batteries.
Read MoreBHP’s restructure and vaunted image as a global mining leader, especially when it comes to renewables, played a key role in the local sharemarket’s strength in the first quarter of 2022.
Read MoreTomorrow’s elections will play a key role in determining if Rio Tinto’s ambitions for a $US2.4 billion lithium mine and processing operation in Serbia are confirmed or finally dashed.
Read MoreWhile the ASX and London markets enjoyed gains for the quarter, Wall Street suffered its biggest fall since the start of the pandemic in the first three months of 2020.
Read MoreMore evidence today that the economy remains robust and that the billions in election promises could unnecessarily add to price pressures being felt by businesses and consumers.
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