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Surging consumer demand defies analysts, fuels September US retail sales

18 Oct 2023 - Once again, the strength of consumer demand and buying has caught market economists and analysts off guard, resulting in a significant miss in their estimates of US r…

US Department of Commerce aims to restrict sales of AI chips

18 Oct 2023 - Nvidia has found itself in the crosshairs of expanded U.S. export controls on artificial intelligence (AI) semiconductor chips destined for China. This move by U.S. r…

Ozempic shorts challenge ASX blue-chips

18 Oct 2023 - Ozempic, the miracle drug initially designed to combat diabetes but now renowned for its effectiveness as a weight-loss treatment, is sending shockwaves through the A…

RBA considers raising interest rates amid rising inflation

17 Oct 2023 - A nervous Reserve Bank board has its hand on the interest rate lever, ready to push the cash rate up to 4.35% at the Melbourne Cup meeting on November 7 if it feels i…

Bapcor faces tough start

17 Oct 2023 - Bapcor (ASX:BAP), the auto parts retailer and wholesaler, is grappling with a challenging beginning to the 2023-24 fiscal year due to a slowdown in consumer demand, i…

Stocks of the Hour: Rincon Resources, Battery Minerals, St George Mining

17 Oct 2023 - A snapshot of the stocks on the move, featuring Rincon Resources (ASX:RCR), Battery Minerals (ASX:BAT) and St George Mining (ASX:SGQ).

NZ inflation slows despite surging petrol prices

17 Oct 2023 - Despite a surge in petrol prices, New Zealand's consumer price inflation sharply slowed in the September quarter, effectively dispelling market speculation about the …

Rio Tinto's 2024 iron ore shipment forecast and production update

17 Oct 2023 - In its first estimate for 2024, Rio Tinto (ASX:RIO) has surprised by forecasting only a marginal rise, at best, in iron ore shipments over 2023. However, Rio also sai…

Newcrest Mining's final quarterly report reveals poor performance

17 Oct 2023 - Newcrest Mining's (ASX:NCM) final quarterly report as an independent company has revealed a disappointing three-month period, with gold and copper production declinin…

Wall Street predicts Euro to hit parity with US dollar amid Middle East uncertainty

17 Oct 2023 - Major Wall Street banks are anticipating a significant decline in the euro, with expectations that it could reach parity with the US dollar. This forecast comes as ge…

Umicore's multibillion-dollar investment in Canada accelerates EV ambitions

17 Oct 2023 - In a strategic move that underscores Canada's commitment to electrifying its automotive landscape, Umicore Rechargeable Battery Materials Canada Inc. has inked a monu…

Liontown Resources' backup plan amid Albemarle's $3 cash offer

16 Oct 2023 - With Albemarle walking away from its $3 cash offer, Liontown Resources (ASX:LTR) had a Plan B in motion when trading resumed on Monday. It called for a halt in tradin…

Treasury Wine Estates prepares for resolution of Chinese tariff woes

16 Oct 2023 - Treasury Wine Estates (ASX:TWE) appears confident that it can soon resolve its wine tariff issues in the once-thriving Chinese market. As a precautionary measure, the…

Stocks of the Hour: Tamboran Resources, Melodiol Global Health, Superior Resources

16 Oct 2023 - A snapshot of the stocks on the move, featuring Tamboran Resources (ASX:TBN), Melodiol Global Health (ASX:ME1, FRA:1X8) and Superior Resources (ASX:SPQ).

Cyclone claims boost Tower's earnings outlook for 2023

16 Oct 2023 - Lower-than-expected claims (and consequently, payouts) stemming from cyclones in Vanuatu earlier this year have prompted Tower, the New Zealand insurer, to revise its…

Albemarle abandons $6 Billion bid for Liontown Resources

16 Oct 2023 - Albemarle has abandoned its $3-a-share, $6 billion-plus bid for Liontown Resources (ASX:LTR), leading to an anticipated drop in Liontown's shares on Monday and puttin…

Resolute Mining addresses guidance cut amid bullish three-year update

16 Oct 2023 - African gold miner, Resolute Mining (ASX:RSG), used the opportunity presented by a bullish three-year update released on Friday evening to downplay a reduction in gui…

Barrick Gold cleared to revive Pogera gold mine in Papua New Guinea

16 Oct 2023 - Barrick Gold has received clearance to revive its Pogera gold mine in Papua New Guinea, which had been closed for three years due to a dispute with the country's gove…

China's commodity imports reflect economic trends

16 Oct 2023 - Once again, China's imports of key commodities tell us a lot about the health of demand and economic activity - not very healthy, but not dead.

Key events and economic insights for the upcoming week

16 Oct 2023 - In the week ahead, investors have a lot to digest. There's ongoing conflict in the Middle East, Australian job data, remarks from the new Reserve Bank chief, a speech…

Newcrest's countdown: Merger with newmont set for final approval

16 Oct 2023 - Newcrest's (ASX:NCM) time as an independent company is dwindling, with just a few weeks left following an overwhelming shareholder vote in favor of the $A26.2 billion…

David Williams to join INOVIQ board

13 Oct 2023 - INOVIQ Limited (ASX: IIQ) has announced the appointment of David Williams as a Non-Executive Director and Chairman Elect.

China contraction

13 Oct 2023 - China’s foreign trade contracted for yet another month in September, confirming that demand all round remains weak.

Shareholders awaiting LPI-Codelco deal update

13 Oct 2023 - Shareholders in Lithium Power International (ASX:LPI) will know by Monday whether the company has secured its expected deal with the Chilean state-owned copper giant,…

Stocks of the Hour: LBT Innovations, Selfwealth, Lucapa Diamond Co

13 Oct 2023 - A snapshot of the stocks on the move, featuring LBT Innovations (ASX:LBT), Selfwealth (ASX:SWF) and Lucapa Diamond Co (ASX:LOM).

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