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Central banks continue gold purchases

19 Jun 2024 - Something to gladden the hearts of gold bugs: the major players in the market for the past two years—central banks—are not going to abandon the metal anytime soon, ev…

Stocks of the Hour: HeraMED, Chariot Corporation, QX Resources

19 Jun 2024 - A snapshot of the stocks on the move, featuring HeraMED (ASX:HMD), Chariot Corporation (ASX:CC9) and QX Resources (ASX:QXR).

QBE plans strategic exit from North America's middle insurance market

19 Jun 2024 - QBE (ASX:QBE) says it will be able to manage its decision to exit the so-called middle insurance market in North America, a move that could cost it around half a bill…

High interest rates impact consumer spending

19 Jun 2024 - Like in Australia, high interest rates are slowly strangling consumer spending, with May’s retail sales being the latest example.

Nvidia surpasses Microsoft and Apple to become the world's most valuable company

19 Jun 2024 - For the first time ever, Nvidia on Tuesday leapfrogged Microsoft and Apple to become the most valuable company in the world.

Investor confidence plummets in French stock market amid political uncertainty

19 Jun 2024 - The French stock market is in decline as far as big investors are concerned, according to the latest global fund managers survey from the Bank of America, due to the …

City Chic faces dilutive capital raising

18 Jun 2024 - Specialty women’s wear retailer City Chic (ASX:CCX) is expected to make a highly dilutive capital raising that existing shareholders might balk at.

Anticipation mounts over coalition's expected nuclear power strategy announcement

18 Jun 2024 - Amid rising speculation, the Coalition is rumored to be on the brink of unveiling its nuclear power strategy, following the abrupt scheduling of a shadow cabinet meet…

RBA maintains interest rates at 12-year high amid economic uncertainty

18 Jun 2024 - No change in interest rates from the Reserve Bank, and none are expected for a while after the latest two-day monetary policy meeting of the central bank.

RBA announces comprehensive review of retail payments regulation

18 Jun 2024 - The Reserve Bank of Australia (RBA) has announced a “holistic review” of the country’s retail payments regulation, aiming to increase transparency in fees and promote…

Stocks of the Hour: Tinybeans, Patagonia Lithium, Elementos

18 Jun 2024 - A snapshot of the stocks on the move, featuring Tinybeans (ASX:TNY), Patagonia Lithium (ASX:PL3) and Elementos (ASX:ELT).

City Chic Collective halts shares for asset sale and capital raise

18 Jun 2024 - Sydney-based women’s fashion wear group City Chic Collective (ASX:CCX) has requested a halt in trading of its shares until next Monday (June 24). This pause will allo…

Chinese economic data disappoints

18 Jun 2024 - The final dump of economic data for China in May failed to impress investors in the region, with Chinese and Japanese markets weak on the day and Hong Kong trading si…

Canada secures rare earth materials from Vital Metals

18 Jun 2024 - Canada’s government will buy stockpiled rare earth materials from the Australian company Vital Metals in a deal that will prevent the company from selling its product…

Surge in Chinas steel production marks biggest monthly rise in over a year

17 Jun 2024 - China’s steel production finally jumped from the doldrums at the start of this year in May, recording one of the biggest monthly rises in some time.

China's central bank holds steady on interest rates

17 Jun 2024 - Once again, China’s central bank has missed the opportunity to cut a key interest rate to help support an economy that continues to stutter, despite the mistaken beli…

Stocks of the Hour: Schrole Group, Alderan Resources, Prospect Resources

17 Jun 2024 - A snapshot of the stocks on the move, featuring Schrole Group (ASX:SCL), Alderan Resources (ASX:AL8) and Prospect Resources (ASX:PSC).

Bapcor secures bank support amidst losses and takeover talks

17 Jun 2024 - Embattled car parts retailer and distributor, Bapcor (ASX:BAP), has won significant support from its bankers as it prepares to announce a significant loss for the yea…

Financing growth in Infratil's data centres

17 Jun 2024 - New Zealand infrastructure investor Infratil (ASX:IFT) announced on Monday that it is seeking more than NZ$1 billion to finance the rapid growth in its data centre bu…

Serbia considers reversal on Rio Tinto's $US2.55 billion Jadar mine approval

17 Jun 2024 - Out of the blue, the Serbian government is reported to be ready to reverse itself and approve the nearly $US2.55 billion Jadar lithium/borate mine of Rio Tinto.

Russia's OPEC+ quota excess goes unpunished amid global oil dynamics

17 Jun 2024 - Russia has been caught overproducing its OPEC+ quota, but no one seems to be upset.

Oil market dynamics

17 Jun 2024 - Oil prices might have bounced back last week from the post-OPEC+ meeting sell-off the week before, but market fundamentals continue to tell another story.

Market turbulence ahead of Reserve Bank's rate meeting

17 Jun 2024 - Heading into the Reserve Bank’s rate meeting this week, the ASX will not be in a confident mood.

Gold, silver, and copper navigate market uncertainties amid political and economic shifts

17 Jun 2024 - How many legs does gold have left in its current rally? What about silver? And can copper staunch the losses as more metal than the market can handle ends up in LME a…

Key economic events to watch this week

17 Jun 2024 - More action from central banks is expected this week, with the Bank of England, Norway’s central bank, and the Reserve Bank of Australia all holding rate-setting meet…

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