China’s economic woes persist despite recent measures
With the Lunar New Year break over, the pain continues for China, despite the surprise rate cut last week and a solid 2.8% to 4.1% rise in the country’s stock markets.
Read MoreWith the Lunar New Year break over, the pain continues for China, despite the surprise rate cut last week and a solid 2.8% to 4.1% rise in the country’s stock markets.
Read MoreIn the week ahead, markets face a significant test, with a crucial inflation reading and the second estimate of US 4th quarter economic growth challenging the prevailing confidence in lower interest rates. Despite Wall Street's obsession with AI advancements and the soaring fortunes of companies like Nvidia, the looming prospect of rate cuts from the Fed remains a potent factor, ready to disrupt the market if data disappoints.
Read MoreAmidst the frenzy surrounding Nvidia's meteoric rise, questions arise about its impact on commodity markets. Investor attention diverted from metals and softs, leaving them vulnerable to various economic factors, including American inflation data, weak sentiment, US bond yields, and the trajectory of the US dollar.
Read MoreWarren Buffett is correct in advising investors to disregard Berkshire Hathaway's statutory profit figures, as they are distorted by accounting rules mandating the inclusion of unrealized gains and losses. However, recent figures from the December quarter and full 2023 demonstrate otherwise.
Read MoreMatthew Healy, Executive Director, Astute Metals NL (ASX:ASE) is an Critical Metals explorer, with a principal focus on advancing clay-hosted lithium exploration in Nevada, USA, along with a copper-gold greenfields project in the NT and a resource development Heavy Mineral Sands project in southwest WA.
Read MoreSimon Madder, Managing Director & CEO – Chairman, Prime Financial Group (ASX:PFG) is an Advisory, Capital & Asset Management Group, operating across four key areas in Accounting & Business Advisory, Wealth Management, SMSF and Capital Markets in its three core locations of Melbourne, Sydney and Brisbane.
Read MoreJim Haden, CEO, BluGlass (ASX:BLG) has been developing leading-edge semiconductor manufacturing technology and devices for more than a decade. The Company is a global provider to the GaN photonics industries, delivering cutting-edge, custom laser and LED development across the industrial, defence, display, and scientific markets.
Read MoreWinston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector.
A number of the larger REIT's, including Scentre Group, Charter Hall, Stockland, GPT , Ingenia and Lifestyle Communities announced their results this week with no real surprises.
Read MoreAustralian-based African gold miner Perseus (ASX:PRU) demonstrated significant growth amidst the surge in gold prices towards the end of 2023. The company reported a 21% rise in net profit for the six months to December, riding on a 10% increase in revenue to $US489 million (more than $A730 million).
Read MoreWith the completion of the Newcrest takeover, Newmont (ASX:NEM), the world's leading gold producer, is set to divest seven mines and two projects, aiming to generate $US2 billion ($3.05 billion) in cash.
Read MoreJapan's stock market has climbed past its all-time closing high, surpassing the record level struck during the country’s late-1980s asset bubble after a 34-year wait. The Nikkei share average rose about 2% to close at a record 39,098.68 points, above the previous intraday high of 38,957.44 points touched on the final trading day of 1989. On that day, the benchmark index closed at 38,915.87.
Read MoreFortescue Group (ASX:FMG) has joined the December half-year iron ore bonanza already shared by Rio Tinto, BHP, Mount Gibson, and Mineral Resources.
Read MoreA snapshot of the stocks on the move, featuring Sierra Nevada Gold (ASX:SNX), Gold Mountain (ASX:GMN) and FirstWave Cloud Technology (ASX:FCT).
Read MoreDiscover Sunshine Metals' strategic focus on Queensland's prolific gold and base metal districts, unveiling promising exploration ventures and recent resource upgrades.
Read MoreThe S&P/ASX 200 increased by 0.4% on Friday at 11:30am, primarily driven by a notable 2.2% increase in the technology sector, reflecting a broader global market uptrend fueled by growing demand for artificial intelligence products. Wall Street witnessed record highs as both the S&P 500 and Nasdaq Index reached new peaks.
Read MoreThe S&P 500 surged to new highs on Thursday after chip giant Nvidia reported much stronger-than-expected quarterly results, lifting the broader market and tech sector.
Read MoreStocks surged to new highs on Thursday after chip giant Nvidia reported a much stronger-than-expected quarterly result, pushing the broader market higher.
Read MoreDespite a 71% slump in its cash margin in the six months to December, Pilbara Minerals (ASX:PLS) maintained a hold on its cash reserves, which ended the half at just over $2.144 billion, down just 4% from a year earlier when $2.22 billion was on hand.
Read MoreAs expected, the double-play squeeze on nickel and lithium in the December half took a toll on IGO’s (ASX:IGO) interim result.
Read MorePerth-based mining giant Mineral Resources (ASX:MIN) unveiled its disappointing financial performance for the December half-year in a late Wednesday evening release, catching markets off-guard after hours. The company reported a substantial 28% decline in underlying EBITDA to $674.9 million, coupled with an alarming 83% reduction in the final dividend, slashed to 20 cents per share from $1.20 per share in the same period in 2022.
Read MoreShares in Nvidia surged nearly 8% in the minutes after the AI chip giant released better-than-expected fourth-quarter figures and forecasted a stronger-than-expected March quarter. The post-close surge came after the shares lost 2.8% in normal trading ahead of the release of the results on fears that the company’s performance would not match the hype.
Read MoreCSR (ASX:CSR) has confirmed that it has received a $9 per share bid approach from French building products giant Saint-Gobain.
Read MoreBy the tiniest of margins, Australian wages grew faster than inflation in the three months to December, but it would not have happened had it not been for revisions to previous estimates in the Wage Price Index.
Read MoreFederal Reserve officials have given U.S. investors, analysts, and politicians, heading for November’s elections, something to think about by making it clear they remain “highly attentive” to inflation risks and are therefore wary of cutting interest rates too quickly.
Read MoreGlencore, a top five global miner, emerged as the biggest victim of the 2023 collapse in coal prices, experiencing a 50% plus slump in earnings and slashing dividends. The company seeks to lower and control debt, aiming to ironically buy more coal amidst the price slide.
Read MoreFor the second time in four months, HSBC has revealed its pessimism regarding the future direction of the Chinese economy and the country’s severe property crisis with a massive write-down on a key investment, this time in a major bank.
Read MoreUS stocks declined for a third day in a row Wednesday as traders look ahead to Nvidia’s latest quarterly earnings report.
Read MoreThe Australian sharemarket declined as Woolworths' announcement of declining sales volume led to a 0.7% drop in the S&P/ASX 200 index, with consumer staples suffering the most.
Read MoreIn the fourth quarter, Australia's Wage Price Index increased by 0.9 percent, aligning with analysts' consensus expectations. This growth, rising from 1.3 percent in the previous quarter, highlights a key factor influencing inflation and monetary policy decisions by the Reserve Bank of Australia, particularly as it forecasts further increases in wage growth.
Read MoreA snapshot of the stocks on the move, featuring Bastion Minerals (ASX:BMO), Lithium Universe (ASX:LU7) and Argent Minerals (ASX:ARD).
Read MoreWoolworths (ASX:WOW) CEO, Brad Banducci, is departing just days after a blow-up in an interview with ABC TV program Four Corners, which examined grocery pricing. However, his departure is more likely a result of the massive write-downs the retailer revealed for the first half of 2023-24.
Read MoreLithium Universe Limited (ASX:LU7) CEO Alex Hanly discusses progress towards construction of a lithium refinery.
Read MoreThe National Australia Bank (ASX:NAB) is bracing for a less profitable departure for its CEO, Ross McEwan, as the bank experiences an unexpected 17% decline in cash earnings during the three months leading up to December.
Read MoreUS stocks fell Tuesday led by Nvidia and a broader tech decline ahead of the chipmaker’s earnings report.
Read MoreUS stocks fell Tuesday led by Nvidia and a broader tech decline ahead of the chipmaker’s earnings report.
Read MoreWe expect that some volatility in markets may accompany us over the next few months as share prices continue to adapt to the evolving interest rate environment and reshaping of economic growth. Volatility isn’t inherently risky. We work diligently to assess the real risks that face our portfolio companies and will continue to hold the line on our absolute return objective. We thank you for the trust you place in us.
Read MoreThe majority of Greenhouse Gas (GHG) emissions released into the atmosphere can be attributed to human activities. These emissions usually come from power generation, industrial processes and cars. GHG emissions can be classified into three categories: scope 1, scope 2, and scope 3 emissions.
Read MoreInvesting in infrastructure is about investing in the companies that provide essential services to society and that generate predictable long-term earnings.
Read MoreAustralian shares declined, tracking losses in Asian markets despite a larger-than-anticipated interest rate cut in China, driven by BHP's lowest half-year profit in eight years.
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