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Musgrave Minerals rejects Westgold's all-stock bid

26 Jun 2023 - The board of Musgrave Minerals (ASX:MGV) has advised shareholders to decline the all-stock bid presented by Westgold Resources (ASX:WGX), asserting that the offer und…

Stocks of the Hour: Metal Hawk, Ragnar Metals, ECS Botanics

26 Jun 2023 - A snapshot of the stocks on the move featuring Metal Hawk, Ragnar Metals, ECS Botanics.

Impending US earnings season and inflation concerns weigh on sentiment

26 Jun 2023 - As the second quarter comes to a close, the looming US earnings season is expected to significantly influence market sentiment. Investors are grappling with the reali…

Oil prices near yearly lows

26 Jun 2023 - Global oil prices concluded the week close to their lowest levels of the year amid mounting concerns over inflation and the potential for interest rate hikes, which b…

Inflation takes centre stage as investors brace for data

26 Jun 2023 - This week, the spotlight will be on inflation, particularly in Australia and the United States, while the performance of the Chinese economy in June will also be clos…

Economists raise recession concerns as RBA prepares for rate hikes

26 Jun 2023 - Leading economic forecasters in Australia are increasingly concerned about the possibility of the country's economy slipping into a recession, with the likelihood now…

Sharemarket set to finish financial year on positive note

26 Jun 2023 - As the financial year draws to a close, the Australian sharemarket is poised to end in positive territory. The S&P/ASX 200 index has experienced an approximately 11% …

Positive aspects of Newcrest deal

24 Jun 2023 - There are some significant developments taking place in relation to the potential merger between Newcrest and Newmont, as well as the future of the Havieron gold copp…

New Zealand launches inquiry into Australian-dominated banking sector

24 Jun 2023 - The fact that it's an election year across the Tasman helps explains the New Zealand’s government decision to hold an inquiry into its Australian-dominated banking se…

Warren Buffett's strategic moves

24 Jun 2023 - Warren Buffet continues to show the rest of the global investment community that he has ‘timing’ when it comes to making big plays in investment (and that remains ver…

Bank of England's rate hike: implications for RBA

24 Jun 2023 - The surprise decision by the Bank of England overnight on Thursday to raise its key rate by a substantial half a per cent to a 15-year high of 5% carries a significan…

Fortescue metals enters $8m farm-in and joint venture agreement with Strategic Resources

23 Jun 2023 - Australian iron ore giant Fortescue Metals Group (ASX:FMG) has secured an $8m farm-in and joint venture deal with ASX minnow Strategic Resources (ASX:SER) over its co…

Cochlear's $170 million Oticon acquisition faces hurdles from UK regulator

23 Jun 2023 - In a blow to Cochlear Limited (ASX:COH), the Australian hearing implant manufacturer, its planned acquisition of a Danish hearing implants business worth $170 million…

Ford JV secures record US$9.2bn loan for EV batteries

23 Jun 2023 - Ford Ford Motor's joint venture, BlueOval SK, is set to receive a historic loan of US$9.2 billion from the Department of Energy to support the construction of battery…

Stocks of the Hour: Tamboran Resources, Solis Minerals, North Stawell Minerals

23 Jun 2023 - A snapshot of the stocks on the move, featuring Tamboran Resources, Solis Minerals, North Stawell Minerals.

Investment banking activity plummets 50%

22 Jun 2023 - Investment banking activity in Australia has experienced a significant decline in the first half of 2023, with fees dropping by 50 percent compared to the same period…

Northern Star doubles its asset

22 Jun 2023 - As widely forecasted, Northern Star Resources (ASX:NST) has greenlit the doubling in size of its major asset, the SuperPit gold mine of KGCM near Kalgoorlie, at a cos…

Gold Road downgrades gold mine production

22 Jun 2023 - Shares in Gold Road Resources (ASX:GOR) fell more than 8% at one stage on Thursday after it downgraded 2022-23 production from the 50% owned Gruyere gold mine in WA.

Stocks of the Hour: Estrella Res, The Calmer Co. Intl, Beston Global Food Co.

22 Jun 2023 - A snapshot of the stocks on the move featuring Estrella Resources Limited (ASX:ESR), The Calmer Co. International Limited (ASX:CCO) and Beston Global Food Company (AS…

Pause in Fed's rate hikes signals caution amid high inflation

22 Jun 2023 - After lifting interest rates by 5 percentage points since March last year the Fed this month paused to assess the effects of its actions but left a strong indication …

Dust pollution crisis threatens Newcrest Mining's Cadia mine operations

22 Jun 2023 - Newcrest Mining (ASX:NCM) has been ordered to immediately cut the amount of dust pollution being produced by its huge Cadia gold-copper mine in the NSW Central West –…

Dexus lowers property book values by $1bn

21 Jun 2023 - In a significant development for the office and industrial property sector, Dexus, a prominent Australian real estate group, has announced a reduction in the book val…

China's NEV subsidy sends ICE industry into overdrive

21 Jun 2023 - As suspected, China has extended the purchase tax subsidy (for varying amounts) for new energy vehicles (battery and plug-ins) for four more years.

Newmont adjusts investment plans amid Newcrest takeover

21 Jun 2023 - Newmont has started cutting its planned investment spending on new projects in the wake of the proposed US$17.8 billion takeover of Newcrest.

Tribunal blocks Telstra

21 Jun 2023 - Telstra and TPG Telecom will not be able to share infrastructure across regional Australia after the competition tribunal upheld a decision to block the deal.

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