June 1, 2023

Just over a week ago on May 21, there was BHP (ASX:BHP) telling the world that – while it supported the goal of protecting vulnerable workers – the Albanese government’s proposed Same Job, Same Pay (SJSP) policy in its current form would seriously affect its operations, harm productivity and risk the future of all forms […]

There has been plenty of moaning from some in the resources industry that the federal government isn’t doing enough to assist and finance miners and others looking to go deeper into renewable and strategic minerals and their products. But money is being handed out under the federal government’s Modern Manufacturing Initiative. With the awarding of

Big gains in Thursday’s ASX trading session for two companies not commonly seen as being in the lithium / renewables game. ………… Shares in Neometals (ASX:NMT) jumped more than 21% on Thursday to close at 58 cents after investors liked the update on its German battery joint venture Primobius. According to the update, the demonstration

Odds are tightening that the Reserve Bank will lift interest rates at its June meeting next Tuesday after a solid rise in house prices last month, slightly better than expected capex and construction spending data more than offset confirmation of weakening retail sales. After the controversy of May’s rate rise most analysts reckoned the central

US stocks reached a nine-month high on Thursday as lawmakers in Washington boosted traders’ hopes that the debt ceiling will pass through the Senate by the end of the week, and fresh economic data curbed concerns about a recession. The Fiscal Responsibility Act passed by a vote of 314-117 with bipartisan support on Wednesday night.

Despite weak international cues, Australia’s share market managed to close slightly higher as the US debt ceiling bill was passed in the House. At the closing bell, the S&P/ASX 200 was 0.27 per cent higher at 7,110.80, recovering from a recent low. Although the index remained below its 200-day moving average for the second consecutive

The Australian sharemarket has rebounded from earlier losses and is now higher after the US House of Representatives passed the debt ceiling bill. The S&P/ASX 200 index, which was initially down by 0.2 per cent, has risen 0.22 per cent higher to 7,107 at noon. In the House vote, 303 members supported the deal negotiated

Redflow (ASX:RFX) announced that their flow batteries have been approved for use in a large-scale solar and storage project in California. CEO and MD Tim Harris said: “This 20 MWh project is one of several large-scale opportunities in our pipeline and represents the start of the next phase of our growth strategy.” Shares are trading

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices. Key points:The Australian home price rebound accelerated in May with national average home prices up 1.2%, their strongest pace since November 2021 and their third rise in a row. They are now up 2.3% from their February low.Sydney continues to

Alex Underwood, Managing Director of Empire Energy Group Limited (ASX:EEG), presents at the company’s AGM in Sydney.