May 2023

The trade data for April told the story, the inflation data for the same month, confirmed the story and now China’s final data dump for the month covering retail sales, investment (especially in property) and factory output have put beyond any doubt that China’s economy remains in a very low gear. The data showed a […]

Genesis Minerals (ASX:GMD)  has kept alive its ambitions to consolidate gold mining assets in the Leonora district of WA’s eastern Goldfields with a slight sweetening of the terms of its bid to buy the gold mining assets in the area from St Barbara. It is the third set of terms for the deal and the

Struggling tech Appen (ASX:APX) is looking for $60 million from institutions and ordinary shareholders in what could be a final effort to remain viable. The signs of Appen’s need for quick cash were all there in Tuesday’s announcement – a deeply discounted equity raising in two parts – an entitlement offer and a placement to

Building products multi-national James Hardie (ASX:JHX) has reported record sales for the year to March 31 but warned of a slowdown in the current June quarter, the first for its 2023-24 financial year. Hardies posted a net profit of $US605 million ($A903 million) on record sales for 2022-23 of $US3.777 billion, up 4% year on

On Tuesday, at the closing bell, the S&P/ASX 200 was 0.45 per cent lower at 7,234.70, as the healthcare, tech, and consumer staples sectors witnessed drops, which counterbalanced the gains seen in the materials sector. Ahead of the release of US retail sales and industrial production data, along with upcoming reports from prominent US retail

ABx Group Limited (ASX:ABX) CEO and Managing Director Dr Mark Cooksey discusses the advantages of ionic clay rare earths deposits, the company’s exploration program, its plays for a scoping study and a pilot plant, and its new process to develop fluorine from aluminium smelting waste. Tim McGowen: We’re talking with ABx (ASX:ABX) today. It’s got

The Reserve Bank’s minutes for May indicate that the central bank is committed to reducing inflation. The Board expressed its determination to take the necessary actions to bring inflation back to its target level. It acknowledged that there may be a need for further interest rate increases depending on the evolution of the economy and

Building upon a 20-year commercial foundation, Capricorn Society has selected Spenda (ASX:SPX) as its preferred supplier to deliver the first phase of its Digital Service Delivery initiative. Spenda’s CEO and MD Adrian Floate, added: “Being selected to work with Capricorn on this significant project shows faith in both in our services and in our ability

Investment Analyst Yathavan Suthaharan discusses why railroads are an attractive infrastructure investment, recent events at Norfolk Southern and what the hype is around Precision Scheduled Railroading (PSR). INFRASTRUCTURE FUND (MICH) PROFILE The Magellan Infrastructure Fund offers investors an opportunity to invest in a specialised and focused global infrastructure Fund. It aims to achieve attractive risk-adjusted

The S&P 500 rose slightly to start the week Monday as traders assessed ongoing debt ceiling negotiations. President Joe Biden is expected to host top congressional leaders on Tuesday for the debt ceiling talks which were postponed from Friday.  Treasury Secretary Janet Yellen told CNBC last week that failure to hatch an agreement on the