Ramelius prepares to move on Spartan
Updates continue to emerge from Ramelius Resources (ASX:RMS) as it prepares for a move on the now partly owned Spartan Resources.
Read MoreUpdates continue to emerge from Ramelius Resources (ASX:RMS) as it prepares for a move on the now partly owned Spartan Resources.
Read MoreThe Australian sharemarket, particularly impacted by a commodities sell-off, saw significant declines on Monday, with the S&P/ASX 200 dropping 0.8% to 7763.2 points. This downturn was led by a 1.8% fall in mining stocks, driven by a sharp decline in iron ore prices to $107.90 per tonne amidst concerns over Chinese demand and oversupply. Major miners like BHP, Fortescue, and Rio Tinto mirrored these losses. Meanwhile, Rex Minerals surged 56.4% to 43¢ following news of a buyout deal, contrasting with broader market trends.
Read MoreShares in Rex Minerals surged more than 60% after it revealed it had found its ideal partner in the shape of its major shareholder, Indonesian-owned MACH Metals Australia.
Read MoreA high-stakes game of dairy "Russian Roulette" is unfolding across the Tasman between struggling Synlait and its once-close buddy and customer (and shareholder), a2 Milk.
Read MoreA snapshot of the stocks on the move, featuring Rex Minerals (ASX:RXM), Gold Mountain (ASX:GMN) and FBR Limited (ASX:FBR).
Read MoreAt 11:35am, the S&P/ASX 200 is 0.36 per cent lower at 7,794.30, driven by a decline in iron ore prices.
Read MoreFor the second month in a row, high world prices kept China out of the world gold market in June. This news will disappoint all those bulls who expected the country to re-enter after prices fell $100 USD per ounce from all-time highs in May.
Read MoreCoal industry traders ended the week moving away from coking coal, despite the enthusiasm on the ASX for coal stocks following the huge fire at Anglo America's Grosvenor underground metallurgical mine in Queensland's Bowen Basin.
Read MoreThe ASX is looking at a hesitant start to trading today for the second week of the new financial year, despite a rise in most global markets on Friday due to a dip in the US dollar and Treasury bond yields following the release of weaker June jobs figures.
Read MoreThe broader market surged to new highs following the release of the much anticipated jobs numbers which pointed to a cooling labour market raising hopes the Fed will stick to its rate cut forecasts for later this calendar year.
Read MoreGold prices jumped on Friday as the US dollar and US bond yields fell in the wake of the weakest jobs report in several months.
Read MoreUS crude prices eased off a seven-week high at Friday’s close, despite robust summer demand.
Read MoreIron ore prices slipped late last week from three-month highs on Thursday but still finished the first week of the new financial year with a small gain.
Read MoreUS inflation returns to center stage this week, as do US second-quarter earnings, while the June and June quarter economic reports from China start appearing.
Read MoreThe broader market surged to new highs following the release of the much anticipated jobs numbers which pointed to a cooling labour market raising hopes the Fed will stick to its rate cut forecasts for later this calendar year.
Read MoreData Centres and Beyond: WEC Energy powering regional US growth
US utilities are on the verge of a significant growth super cycle, fuelled by the expansion of data centres and a revival in manufacturing and supply chain, all underpinned by the continuous push for net-zero emissions.
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events.
Read MoreAs Westgold Resources (ASX:WGX) heads towards its $1.3 billion merger with Karora Resources later this year, it is also approaching record revenues of over $700 million for the year ending June 30. This comes despite a drop in annual gold output.
Read MoreEven though Tesla has again managed to remain ahead of BYD in the global battery-powered EV (BEV) production and sales race, analysts say it's only a matter of time before the Chinese car giant moves into the lead.
Read MoreJames Brennan – CEO – Linius Technologies Limited (ASX:LNU) is commercialising and licencing its computer software, the Linius Video Virtualization Engine, the world's first video virtualisation engine.
Read MoreTrent Lund – CEO – Wrkr Limited (ASX:WRK) is a regulatory technology business for Australian employers helping to simplify and streamline workforce compliance from hire to retire.
Read MoreLen Jubber – Executive Chairman – South Harz Potash Limited (ASX:SHP) was founded in 2015 in Australia and specialises in the development of potash mining projects.
Read MoreIn the past week, disruptions at two significant coal mines have fuelled concerns about a shortage of supply just as demand for the commodity surges, triggering a rally in ASX-listed mining stocks.
Read MoreThe upcoming US employment report is projected to reveal a significant slowdown in hiring for June, coupled with a tapering off in wage growth.
Read MoreOil prices remained stable near a two-month high, as conflicting market signals emerged, with weaker demand in Asia balancing out a significant drop in US crude stockpiles.
Read MoreA snapshot of the stocks on the move, featuring Clinuvel Pharmaceuticals (ASX:CUV), Mt Malcolm Mines (ASX:M2M) and Auric Mining (ASX:AWJ).
Read MoreAt 11:30am, the S&P/ASX 200 is 0.05 per cent lower at 7,827.60, due to declines in mining and property stocks, despite earlier gains in the week.
Read MoreThe European Central Bank needs to see more robust evidence that inflation is steadily moving towards the 2 percent target before contemplating additional interest rate cuts, ECB President Christine Lagarde stated.
Read MoreWinston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector. Topics discussed include: US market highs, the possibility of rate rises, and Australian property news.
Read MoreThe European Union will start imposing provisional countervailing duties on imports of electric vehicles (EVs) from China today, July 5, while negotiations with China continue for a more permanent arrangement.
Read MoreEuropean markets closed higher as the US market was closed for the Independence Day Holiday and the UK headed to the polls.
Read MoreEuropean markets closed higher as the US market was closed for the Independence Day Holiday and the UK headed to the polls.
Read MoreAustralia’s plan to halve the number of net migrants entering the country may not be enough to curb still-rising inflation, economists say.
Read MoreRecent rumours swirling around Santos (ASX:STO) suggest a potential takeover bid by Middle Eastern giants Saudi Aramco and Abu Dhabi National Oil Co. However, market analysts remain sceptical about the likelihood of such a deal materializing.
Read MoreAt 11:35am, the S&P/ASX 200 is 1.08 per cent higher at 7,823.40, buoyed by a strong performance in New York ahead of the July 4 holiday.
Read MoreA snapshot of the stocks on the move, featuring Arafura Rare Earths (ASX:ARU), Superior Resources (ASX:SPQ) and Aeris Resources (ASX:AIS).
Read MoreLendlease's (ASX:LLC) $1.3 billion "get out of jail" sale of its master-planned retirement villages to a joint venture between Stockland and Supalai is in trouble with the competition regulator. The ACCC has raised concerns about the deal.
Read MoreAlkane Resources (ASX:ALK) has confirmed that its Tomingley Gold Mine in central western NSW met its reduced guidance estimate for the 2023-24 financial year after a slower-than-predicted expansion ramp-up in the final quarter of the year.
Read MoreUniversal Hydrogen, a start-up focused on hydrogen-powered aviation and backed by Fortescue, has shut down after depleting nearly $150 million in investor funds. Despite the company’s achievements, including a successful test flight of a hydrogen fuel cell-powered plane last year, it struggled to secure additional funding in a tough venture capital market.
Read MoreFinal opinion polls have confirmed Britain’s Conservative Party government is on course for a record-breaking defeat after all but conceding defeat a day before the election (tonight, Australian time).
Read More