ASX shares close 1.1% higher after CPI slows to a 13-month low
28 Jun 2023 – Australian shares experienced a significant rally on Wednesday as the country's annual inflation rate unexpectedly slowed to a 13-month low.
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Harvey Norman forecasts profit slump amid impending retail recession
28 Jun 2023 – Retailer Harvey Norman has issued a warning, stating that it expects a significant decline in earnings for 2023. The company's chairman, billionaire Gerry Harvey, attributes this forecasted drop to the series of interest rate hikes implemented by the Reserve Bank, which has negatively impacted business and consumer sales.
Read MoreInflation eases, paving the way for interest rate stability
28 Jun 2023 – In a positive turn of events, Australia has witnessed the smallest increase in inflation in over a year.
Read More$225m debt refinance and non-core divestment boost Centuria Office REIT’s capital position
28 Jun 2023 – Centuria Office REIT (ASX:COF) has announced significant developments, including a successful $225 million debt refinancing initiative and the exchange of a sales contract for the divestment of a non-core property.
Read MorePointsBet board backs FBG’s enhanced US$225m proposal
28 Jun 2023 – Fanatics Betting and Gaming has made an improved proposal to acquire PointsBet's (ASX:PBH) US business for US$225 million (~A$333 million).
Read MoreASX up 1.08% at noon as inflation figures fall
28 Jun 2023 – In May, inflation in Australia dropped to 5.6%, compared to 6.8% in the previous month. This decrease has raised hopes that the Reserve Bank can halt its series of interest rate hikes. Economists had expected a slowdown in annual price growth to around 6% due to lower fuel and travel expenses.
Read MoreStocks of the Hour: Raiden Resources, Encounter Resources, Stellar Resources
A snapshot of the stocks on the move, featuring Raiden Resources, Encounter Resources, Stellar Resources.
Read MoreBitcoin Cash surges amid BlackRock optimism
28 Jun 2023 – Bitcoin Cash has experienced more than doubled in the past week.
Read MoreAustralia Post CEO Paul Graham highlights weakness in parcel volumes as rising interest rates impact
28 Jun 2023 – Australia Post CEO Paul Graham has observed a weakening trend in parcel delivery volumes as consumers tighten their belts in response to rising interest rates and cost of living pressures.
Read MoreNasdaq rallies as investors dive back into tech: Aus shares to open higher
28 Jun 2023 – The Nasdaq has gained 29.5 per cent this year, on pace for its best first half in 40 years.
Read MoreGina Rinehart makes inroads into British beef market with Australia-UK free trade deal
28 Jun 2023 – Australian billionaire businesswoman Gina Rinehart, through Hancock Agriculture (ASX:HAN), has seized the opportunity presented by the recently signed Australia-UK free trade deal to enter the British beef market.
Read MoreMedibank ordered to hold $250m in capital as cyber weaknesses expand
28 Jun 2023 – Australia's largest health insurer, Medibank (ASX: MPL), has been instructed by the prudential regulator to increase its capital adequacy by $250 million and undergo a targeted technology review following the fallout from the country's largest data breach.
Read MoreQantas confident as cost of living pressures fail to dampen travel demand
28 Jun 2023 – Cost of living pressures have not dampened the travel industry, according to Qantas (ASX: QAN), as the airline reassures investors that its earnings remain unaffected by rising household bills and higher interest rates.
Read MoreASX closes 0.6% higher to snap a four-day losing streak
Shares snapped a consecutive decline over the course of four days, while the banking, real estate, and mining sectors outperformed.
Read MoreSonic Healthcare (ASX:SHL) expands presence in Switzerland
Sonic Healthcare has announced its acquisition of Swiss laboratory network Synlab Suisse for CHF100m ($250.9m).
Read MoreASX up 0.59% at noon: BHP CEO sends message regarding critical minerals
BHP Group (ASX:BHP) CEO Mike Henry has cautioned against excessive government intervention in global critical minerals supply chains, emphasising the importance of international cooperation and competition to effectively accelerate the energy transition and combat climate change.
Read MoreStocks of the Hour: INOVIQ, Forrestania, Lincoln, Tamboran
A snapshot of the stocks on the move featuring INOVIQ, Forrestania Resources, Lincoln Minerals and Tamboran Resources.
Read MoreNasdaq tumbles as investors sell off on tech stocks: ASX to open higher
The Nasdaq Composite slumped on Monday as investors sold shares of outperforming tech companies and the final trading week of the first half commenced.
Read MoreASX closes 0.29% lower as Aus dollar falls
The Aus dollar is trading near its lowest level since the beginning of June due to concerns about central banks increasing policy interest rates.
Read MoreASX 0.36% lower at noon amidst significant selloff
Australia’s share market has experienced volatility with a significant multi-day selloff, but has recovered partially as US futures show a slight improvement.
Read MoreStocks of the Hour: Metal Hawk, Ragnar Metals, ECS Botanics
26 Jun 2023 – A snapshot of the stocks on the move featuring Metal Hawk, Ragnar Metals, ECS Botanics.
Read MoreGlobal stocks fall in worst week since March: Aus shares to open lower
Global stocks fell on Friday, capping their worst week since March as investors in the US and Europe fretted over the prospect of further interest rate increases and potential recession.
Read MoreFortescue metals enters $8m farm-in and joint venture agreement with Strategic Resources
23 Jun 2023 – Australian iron ore giant Fortescue Metals Group (ASX:FMG) has secured an $8m farm-in and joint venture deal with ASX minnow Strategic Resources (ASX:SER) over its copper-nickel-gold tenements located in Canobie.
Read MoreASX closes 1.34% lower as Energy suffers big blow
23 Jun 2023 – The ASX has experienced a third consecutive day of significant decline due to persistent aggressive selling.
Read MoreStocks of the Hour: Tamboran Resources, Solis Minerals, North Stawell Minerals
23 Jun 2023 – A snapshot of the stocks on the move, featuring Tamboran Resources, Solis Minerals, North Stawell Minerals.
Read MoreUS DOE gifts record-breaking loan to battery plants
23 Jun 2023 – The Nasdaq Composite and the S&P 500 rose Thursday, snapping three-day losing streaks as investors resumed buying tech stocks.
Read MoreInvestment banking activity plummets 50%
22 Jun 2023 – Investment banking activity in Australia has experienced a significant decline in the first half of 2023, with fees dropping by 50 percent compared to the same period last year. The decrease in investment banking deals reflects the prevailing economic uncertainties and higher costs of debt.
Read MoreBitcoin surges past US$30,000: ASX down 1.34% at noon
22 Jun 2023 – Bitcoin has experienced a significant surge of over 6 per cent in the last 24 hours, surpassing the $30,000 mark. This surge is attributed by traders to the announcement of BlackRock’s plans to launch an exchange-traded fund focused on bitcoin.
Read MoreUS DOE Critical Materials Assessment 2023
The U.S. Department of Energy has issued a Request for Information in order to gather public input on the draft Critical Materials Assessment – Peter Milios looks at it in more depth.
Read MoreThere’s Nothing Mickey Mouse about Helium these Days
Peter Milios looks at how helium has come a long, long way from the days of party balloons and individuals using it to alter their voices for amusement.
Read MoreA Guide to the Rare Earths Market
While Rare Earth Elements find application in various fields ranging from glass additives to lasers, their geopolitical significance primarily lies in their use for permanent magnets.
Read MoreASX closes 1.2% lower as RBA hikes rates by 25 basis points
Peter Milios from Finance News Network with a round-up of the highlights from today’s ASX trading session.
Read MoreA Guide to Mining Project Studies
Ever wonder what all the jargon means when resource companies announce the progression of their mineral projects? We’ve put together a guide to help you better understand each of the study stages.
Read MoreSuitable Replacements for Australia’s Largest Pure Copper Play
With Australia’s largest pure copper play OZ Minerals likely falling to acquisition by BHP, investors now need to search a little deeper for the best leverage to the sector.
Read MoreGoodman Group (ASX: GMG) Releases Half-Yearly Result
Australia’s largest listed commercial and industrial property group, Goodman Group, has today released their results for the half year ended 31 December 2022.
Read MoreDexus (ASX:DXS) Releases Half-Yearly Result
Leading real estate investment trust Dexus (ASX: DXS) has today released results for the half year ended 31 December 2022.
Read MoreTin’s Surging Price Gets Lost in the Rush
Tin is essential both to the manufacture of many electronic components and to the performance of the devices that contain them – yet, compared to other elements, it has been somewhat forgotten.
Read MoreThe Unsung Hero of the EV Battery
There is, by weight, 7-10 times more graphite than lithium in a lithium-ion battery, and yet rarely does graphite rate more than a passing mention when the topic is being discussed.
Read MoreTalk Aplenty but Little Action at the Critical Minerals Summit
The recent Critical Minerals Summit was aimed at answering questions about how Australia will help accelerate the energy transition – but what did it actually achieve?
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