Home building dips to 11-year low
Home building has begun 2024 weakly. According to January approvals figures from the ABS released on Monday, they dropped to their lowest monthly level in 11 years.
Read MoreHome building has begun 2024 weakly. According to January approvals figures from the ABS released on Monday, they dropped to their lowest monthly level in 11 years.
Read MoreForeign bids for Australian companies continue to surge, with significant offers on the table. Saint-Gobain has bid $4.3 billion for CSR, while Japan's Renesas proposes $9.1 billion for Altium. Additionally, there's a $US1.6 billion Indonesian-Australian offer for Illawarra Coal.
Read More04 March 2024 – Australian real estate and tech stocks are the best performing after the tech-heavy Nasdaq Composite and S&P 500 closed at record highs on Friday 16,274.94 and 5137.08, respectively. Fresh US manufacturing data on Friday added to hopes the Federal Reserve will begin cutting rates in the first half of this year.
Read MoreA snapshot of the stocks on the move, featuring Lake Resources N.L. (ASX:LKE; OTC:LLKKF), Genex Power Limited (ASX:GNX) and St Barbara (ASX:SBM).
Read MoreAndrew Penkethman – Managing Director and CEO – Ardea Resources (ASX:ARL) is advancing its flagship 100%-owned Kalgoorlie Nickel Project (KNP). KNP is the largest Nickel–Cobalt resource in Australia and in the top 10 globally, making it of a scale that is incredibly rare and important in the World’s journey to Net Zero. KNP was awarded Major Project Status by the Australian Federal Government, recognising the national and strategic significance of the KNP to the Australian economy and the Eastern Goldfields of Western Australia.
Read MoreDean Tuck – Managing Director – Dreadnought Resources (ASX:DRE) is a highly active West Australian mineral explorer focused on finding the metals needed now and in the future.
Read MoreSean Gregory – Managing Director – Sarytogan Graphite (ASX:SGA) through its 100% owned subsiduary company, Ushtogan LLP, is the 100% owner of the Sarytogan Graphite Project. The Sarytogan Graphite Project is located in the Karaganda region of Central Kazakhstan and the exploration concession covers 70 km2. As its name suggests, the Sarytogan Graphite Project is prospective for graphite and a meaningful initial JORC compliance resource has already been delineated on the project.
Read MoreAndrew Radonjic – Managing Director – Venture Minerals (ASX:VMS) is dedicated to discovering and developing world-class mineral deposits to meet global demand for critical minerals vital to the green energy transition.
Read MoreChina's National Congress this week will consider a new law that will make it next to impossible for economists, journalists, analysts, or researchers, let alone foreign companies, to accumulate data and statistics in China.
Read MoreThe Nasdaq Composite rose to an all-time high Friday, surpassing its 2021 record, as investors bet that megacap technology stocks were the best way to play slowing inflation and a coming artificial intelligence boom.
Read MoreAs expected, Saudi Arabia will try to maintain upward pressure on oil prices by extending its production cap until the end of June. The Saudi government’s news agency announced on Sunday that the country will extend its voluntary crude production cut of 1 million barrels a day until the end of the second quarter. Saudi Arabia's Ministry of Energy stated that the country’s crude production will be approximately 9 million barrels per day until the end of June.
Read MoreBack to the economy this week in Australia, after being absorbed in February by the December reporting season here and in the US, especially the rise in AI-related stocks led by Nvidia.
Read MoreWhile the December quarter national accounts and GDP numbers will dominate local markets this week, even that important data will take a backward seat to the February US jobs report on Friday.
Read MoreThree prominent US companies have recently surpassed the remarkable milestone of a $2 trillion market value each. This achievement underscores their significant influence and position within the global economy.
Read MoreIron ore prices slid to four-month lows in Asian markets on Friday, setting up another weak start for the sector Monday morning and warning that the weak state of activity in the Chinese economy could finally be catching up with the resilient iron ore sector.
Read MoreQuietly, an American appeals court has given a new lease of life to the chances of a new copper mine in Arizona, promoted by Rio Tinto and BHP for years. However, there’s still a long way to go, and there is no certainty the mine will ever be built despite this favorable ruling.
Read MoreThe Nasdaq Composite rose to an all-time high Friday, surpassing its 2021 record, as investors bet that megacap technology stocks were the best way to play slowing inflation and a coming artificial intelligence boom.
Read MoreShaw and Partners Chief Investment Office Martin Crabb discusses the leading indicators for equity markets, financial conditions and central banks.
Read MoreJames Brennan – CEO – Linius Technologies (ASX:LNU) is the only solution that puts the viewer in complete control of their viewing experience, enabling each viewer to ‘deep-dive’ into the content and create their own ‘hyper-personalised’ compilation videos.
Read MoreBrent Barnes – CEO & Managing Director – LBT Innovations (ASX:LBT) is a groundbreaking designer of advanced technology solutions for the medical industry.
Read MoreJennifer Chow – CEO & Managing Director – Chimeric Therapeutics (ASX:CHM) is a clinical-stage cell therapy company focused on bringing the promise of cell therapy to life for more patients with cancer.
Read MoreWinston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector.
Read More01 March 2024 – At the open, Australian shares, led by gains in the technology and resources sectors, reached a record high of 7733.2 points, rising by 0.2 per cent, with optimism fueled by expectations of central bank rate cuts in 2024. At 11:30am, the S&P/ASX 200 is 0.03 per cent higher at 7,700.80.
Read MoreA snapshot of the stocks on the move, featuring Chariot Corporation (ASX:CC9), Hexagon Energy Materials (ASX:HXG) and European Lithium (ASX:EUR, FRA:PF8, OTC:EULIF).
Read MoreInvestment by the private sector is now at eight-year highs, with projections indicating further acceleration in the 2024-25 financial year starting July 1.
Read MoreChile's SQM, the world's second-largest lithium producer, couldn't escape the impact of the 80%-plus slide in world prices for the metal over 2023.
Read MoreThe steelmaker is the major customer for the high-quality coking coal from the mine, and under its current contract, it has a first right of refusal should the mine be put up for sale.
Read MoreNyrada Limited (ASX:NYR) CEO James Bonnar discusses results for using NYR-BI03 to treat brain injuries.
Read MoreThe Nasdaq Composite advanced Thursday, rising to its first closing record since November 2021.
Read MoreRecent updates from retailers suggest a rebound in retail sales in January, following a significant fall in December. The dip in December was attributed to shoppers' heavy spending during November's sales events, followed by cutbacks leading up to Christmas and New Year.
Read MoreFormer President Donald Trump finds himself in a precarious financial position as he confronts mounting legal challenges. The latest setback stems from a New York fraud case, where he has been ordered to pay a substantial $US454 million civil penalty to the New York State Attorney General.
Read MoreUS inflation fell to 2.4% in the year to January, according to the measure most closely watched by the Federal Reserve.
Read MoreThe S&P 500 and Nasdaq Composite moved into positive territory on Thursday as a key inflation metric met economist expectations along with fresh U.S. housing numbers.
Read MoreMichael Spreadborough – Executive Co-Chairman – NOVO Resources (ASX:NVO) is a gold explorer with one of the largest prospective gold and battery metals land packages in the Pilbara, a premier exploration and mining region located in Western Australia.
Read MoreMitch Thomas – CFO – Latin Resources (ASX:LRS) is exploring and developing sustainable minerals in Australia and Latin America to provide the planet with environmentally friendly products.
Read MoreMurray Hill – Managing Director & CEO – Elevate Uranium (ASX:EL8) is a uranium exploration company that has significant resources in Namibia and Australia and is making new discoveries through active exploration programs.
Read MoreGreg Miles – Managing Director – Caspin Resources Limited (ASX Code: CPN) is a new mineral exploration company based in Perth, Western Australia. Caspin has extensive skills and experience in early stage exploration and development. The Company is actively exploring the Yarawindah Brook Project in Australia’s exciting new PGE-Ni-Cu West Yilgarn province and the Mount Squires Project in the West Musgrave region, one of Australia’s last mineral exploration frontiers.
Read MoreIn January, retail sales increased by 1.1%, falling short of the expected 1.5% growth, indicating volatility in spending patterns. Despite a rise to $35.7 billion in sales, the year-on-year increase was only 1.1%, reflecting weak performance relative to the country's rapid population expansion.
Read MoreIn the interim results of Ramsay Healthcare (ASX:RHC), while the sale of its Asian private hospitals joint venture provided a substantial one-off profit, the broader business faced significant challenges over the past six months.
Read MoreA snapshot of the stocks on the move, featuring Ardea Resources (ASX:ARL), Thor Energy (ASX:THR) and Helix Resources (ASX:HLX).
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