Weekly Wrap

The Reserve Bank is unlikely to make any hasty decisions during its upcoming meeting next week, despite a mixed bag of news from the August consumer inflation report.

While oil prices remained resilient against a strong US dollar and rising bond yields, gold investors panicked, causing Comex futures prices to dip below $1,900 per ounce.

A critical US oil town, Cushing, Oklahoma, is grappling with a dire oil shortage that is sending shockwaves through energy markets, pushing US oil prices above $94 per barrel for the first time since August 2022.

To much surprise, The Bank of England leaves it's key interest rate unchanged.

The lithium market has witnessed a sharp downturn this week, with spot prices continuing their decline from the late-2022 peak.

Fonterra, the world's largest dairy company, reported a record net profit of $NZ1.6 billion on Thursday, signaling substantial gains in milk, cheese, and other dairy products.

This is set to become a regular news item in the coming years—a major car parts manufacturer attributing the closure of a factory, or even multiple factories, to the rising popularity of electric vehicles (EVs), resulting in the loss of hundreds, if not thousands, of jobs.

The deepening split between A2 Milk (ASX:A2M) and Synlait, its key infant formula supplier, wiped tens of millions of dollars off the market value of both companies on Monday when Synlait escalated the argument.

Costa Group's private equity pursuer, Paine Schwartz Partners, has now tabled a 'non-binding' offer of $3.20 per share for Australia's leading fruit and vegetable supplier.

Uranium prices have skyrocketed to their highest levels in 12 years, reflecting a worldwide revival in nuclear power as energy utilities rush to secure fuel supplies.

Is Barrick Gold on track to double its annual copper production by 2031, or should it have aimed higher and pursued a major merger in the copper industry instead of incremental expansions and a significant project in Pakistan?

After a dip in the Australian job market through July, economists predicted we were heading for further a fall in numbers. However, August's employment figures came as a pleasant surprise.

Canadian-based Brazilian lithium miner Sigma Lithium continues its ongoing sales process, which began in February.

Yes, US consumer price inflation rose in August, thanks to higher petrol prices, and the production cut extensions of Saudi Arabia and Russia.

The latest Australian job numbers, to be released on Thursday, will be closely scrutinized to assess whether the surprising job losses in July have been recovered in August and to what extent.

China 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.

Australian mineral explorers overwhelmingly targeted existing deposits for drilling campaigns in 2022-23, rather than seeking completely new prospects, according to the annual exploration spending data from the Australian Bureau of Statistics.

In a country grappling with lackluster demand and trade, August proved to be a robust month for imports of commodities vital to Australia's economy.

A sharp decline in shipments of non-monetary gold and a surge in the value of car and truck imports, coupled with weaker demand and prices for some key commodities, marked a lackluster start to Australia's financial year 2023-24 in July.

Australia's economic growth in the three months leading up to June, as well as for the 2022-23 financial year, was hindered by weaker household consumption.

Tesla's Chairman, Robyn Denholm, has implored government and industry to transition beyond theoretical discussions and embrace decisive action urgently.

Global dividends achieved a historic milestone in the second quarter, propelled by major banks, particularly in Europe, which accounted for half of the growth, offsetting lackluster returns from mining giants such as BHP, Rio Tinto, and Glencore.