May 2023

The Chinese economy continued to stumble in May with surveys of the country’s huge manufacturing and service sectors both showing another month of slowing levels of activity. For the manufacturing sector, it was a dip deeper into contraction for a second successive month in May after April’s surprise drop. The official National Bureau of Statistics […]

Silver Lake Resources (ASX:SLR) continues to try and grab the attention of St Barbara with yet another offer for SBM’s Leonora gold mining assets in WA’s goldfields. Silver Lake said it had revised its offer for St Barbara Leonora assets to address concerns St Barbara had expressed that the buyout financing is subject to due

Westgold (ASX:WGX) has lifted the estimated mineral resource of its emerging Great Fingall deep prospect in WA by 49% to more than half a million ounces and started work on a mine restart which is expected to be “completed within the coming weeks”. The company said in a statement to the ASX on Wednesday that

The Bank of Queensland (ASX:BOQ) has become the latest listed Australian financial group to be pinged by key financial regulators AUSTRAC and APRA over prudential breaches, poor money laundering and anti-terrorism financing oversight. The news in separate statements issued before trading on Wednesday, confirmed months of speculation that the Brisbane-based regional bank had been fingered

Australian inflation seemingly kicked higher in April, but only for technical reasons involved with last year’s desperate fuel excise cut for six months by the former Morrison government as it tried to set up an election bribe for voters. The halving of the excise, announced in the 2022-23 budget in late March (well ahead of

Stocks fell Wednesday as investors kept an eye on the federal debt ceiling debate in Washington on the final trading day of May. The deal, which was reached over the weekend by President Joe Biden and House Speaker Kevin McCarthy, cleared a major test Tuesday night after advancing to the House floor following a 7-6

Australia’s stock market experienced its worst day in three months due to higher-than-expected domestic CPI data and lower-than-expected China PMI data. The S&P/ASX 200 index dropped 1.64 per cent to reach a two-month low, resulting in a loss of $40 billion in market capitalization, with all sectors except tech declining, particularly energy, materials, financials, and

European Metal Holdings Limited (ASX:EMH) Executive Chairman Keith Coughlan discusses the European demand for lithium and the scale of the company’s Cinovec project. Tim McGowen: We’re talking today with European Metal Holdings (ASX:EMH). It’s got a market cap of around $112m. We’ve got with us the Executive Chairman, Keith Coughlan. We’re talking lithium in Europe.

The monthly inflation data for April has exceeded expectations, primarily due to the increased cost of petrol. According to the Australian Bureau of Statistics, the Consumer Price Index (CPI) rose by 6.8 per cent in the year leading up to April 2023, compared to 6.3 per cent in March. This figure is higher than the

TerraCom (ASX:TER) announces a fully franked dividend of 3.0 cents per fully paid ordinary share. In response, MD Danny McCarthy, said: “Following payment of this dividend in June 2023, the Company will have returned $244 million to shareholders since July 2022.” Shares are trading 5.83 per cent lower at 48.5 cents. Wildcat Resources (ASX:WC8) announced