ASX closes 0.2% higher as iron ore rallies
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Iron ore prices rallied after new bank lending in China released on Monday handily beat expectations and eased some concerns about the Asian giant’s economic outlook.
Read MoreIron ore prices rallied after new bank lending in China released on Monday handily beat expectations and eased some concerns about the Asian giant’s economic outlook.
Read MoreInvestor sentiment was dampened by the results of a Westpac-Melbourne Institute survey, which revealed a decline in consumer confidence for September.
Read MoreChina has been quietly but consistently increasing its gold reserves while simultaneously reducing its holdings of US Treasuries, a move that has garnered attention from financial experts worldwide.
Read MoreStocks rose Monday to start a big week of inflation data as investors bought up tech shares in the wake of recent weakness.
Read MoreThe S&P/ASX 200 ended the day 36.6 points, or 0.5 per cent higher at 7192.3, despite moving into negative territory in early trading.
Read MoreIn the wake of Fortescue's announcement that its clean power projects would yield only half the returns of its iron ore developments, questions loomed large during investor briefings led by Fortescue boss Mark Hutchinson over the past two weeks.
Read MoreThe highly anticipated August Consumer Price Index (CPI) report from the United States Bureau of Labor Statistics is set to be released on Wednesday and economists and strategists are closely watching for signs of inflation trends.
Read MoreThe ongoing surge in petrol prices is causing significant concerns for businesses and households across Australia, with Sea Legs Brewery's general manager, Declan Roche, highlighting the increasing costs of delivering their beer to customers in Brisbane.
Read MoreApple's much-anticipated annual launch event is just around the corner, and tech enthusiasts worldwide are on the edge of their seats.
Read MoreIn a symbolic move that harks back to centuries of trade between Australia and the United Kingdom, the cargo ship Port Macao sailed up the Thames River and berthed at the modest wharf beside Tate & Lyle’s sugar refinery.
Read MoreAt noon, the S&P/ASX 200 is 0.42% lower at 7,141.20. Oil prices are on track for a weekly gain due to several factors. OPEC+ leaders, Saudi Arabia and Russia, have decided to extend supply cuts through the end of the year.
Read MoreThe Nasdaq Composite fell for a fourth session Thursday as concerns resurfaced over the Federal Reserve’s interest rate policy path, as the latest jobless claims data has come in.
Read MoreIn August, China's trade performance remained weak, with both exports and imports experiencing declines. While the situation was not as dire as July's slump, it still signaled the country's struggle with weak demand both domestically and externally.
Read MoreIn July, Australia's trade surplus decreased to $8 billion, down from $11.3 billion in June. This figure fell short of expectations, as analysts had predicted a surplus of $10 billion.
Read MoreGas prices in both the Dutch and British markets took a tumble on Wednesday as workers at Chevron's liquefied natural gas (LNG) facilities in Australia decided to temporarily halt their planned strike action for one day.
Read MoreAustal (ASX: ASB), a global shipbuilding company, announced that its subsidiary, Austal USA, has been awarded a significant contract worth US$91,535,551 (AU$143.4 million) for the construction of three Landing Craft Utility (LCU) 1700 class craft for the United States Navy.
Read MoreBubs Australia (ASX:BUB), a leading infant formula and baby food company, has announced the commencement of a nationwide clinical trial in the United States.
Read MoreStocks sold off Wednesday, continuing the sluggish start to September, as concerns mounted that the Federal Reserve may not be done hiking interest rates.
Read MoreTesla's Chairman, Robyn Denholm, has implored government and industry to transition beyond theoretical discussions and embrace decisive action urgently.
Read MoreStocks fell on Tuesday to kick off the first trading day of a holiday-shortened week, weighed down by a jump in crude oil prices. The jump was as a result Saudi Arabia and Russia extending their voluntary supply cuts.
Read MoreAustralia's capacity to attract mining investment is at a crossroads, with enviable reserves of critical minerals for the clean energy transition on the one hand, but rising costs, declining productivity, and increased policy risks on the other.
Read MoreUS markets were closed overnight due to labour day. The Stoxx 600 index ended little changed from the previous session, paring gains after hitting its highest level since Aug. 9 in morning trade.
Read MoreLocal miners are grappling with the most significant quarterly drop in profitability since the upheaval of the global financial crisis, as plummeting prices for thermal coal and natural gas send shockwaves through the resource sector, affecting both corporate earnings and government revenues.
Read MoreWestgold Resources (ASX:WGX) Managing Director Wayne Bramwell provides an update on the company, discussing drivers behind production results, the gold price, and plans going forward.
Read MoreGlen Diemar, Managing Director of Australian Gold and Copper Limited (ASX:AGC), provides an update on the company, discussing drill targets, plans and outlook.
Read MoreScott Duncombe, Exploration Manager of North Stawell Minerals (ASX:NSM), provides an update on the company's gold exploration.
Read MoreThe Dow Jones Industrial Average rose on Friday as traders weighed the latest U.S. jobs report to conclude a winning week. The 30-stock Dow ticked up 0.33%, to close at 34,837.71 The S&P 500 added roughly 0.18% to finish the session at 4,515.77, and the Nasdaq Composite inched down 0.02% to end the day at 14,031.81.
Read MoreThe Nasdaq Composite registered a fifth consecutive winning day, but still suffered its worst monthly loss of 2023. The tech-heavy index added 0.11 per cent to end Thursday’s session at 14,034.97.
Read MoreStealth Global Holdings (ASX:SGI), a prominent provider of industrial supplies and solutions, has reported exceptional financial results for the fiscal year ending on June 30, 2023.
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