June 28, 2023

The S&P 500 was little changed Wednesday as traders pored over the latest commentary on the pace of future monetary policy from Federal Reserve Chair Jerome Powell. Powell spoke before a panel with Bank of England Governor Andrew Bailey, European Central Bank President Christine Lagarde and Bank of Japan Governor Kazuo Ueda at the ECB

Australian shares experienced a significant rally on Wednesday as the country’s annual inflation rate unexpectedly slowed to a 13-month low. This development raised hopes that the Reserve Bank of Australia would maintain interest rates at 4.1%. The S&P/ASX 200 surged by 1.1% or 78.3 points, marking its largest daily gain since April. Likewise, the All

Carolyn Rebeiro from Mining.com.au sits down with ABx Group Limited (ASX:ABX) Managing Director and CEO Dr Mark Cooksey and Corporate Connect Senior Equities Analyst Richard Close for an in-depth look at the company and its value proposition.  

Retailer Harvey Norman, led by billionaire Gerry Harvey, has issued a warning of a significant drop in annual earnings for 2023. The company expects a decline of around 30% as consumer sales wane. Harvey Norman, a renowned consumer electronics, bedding, furniture, and whitegoods retailer, released a trading update on Wednesday. Based on trading performance over

Centuria Office REIT (ASX:COF) has announced significant developments, including a successful $225 million debt refinancing initiative and the exchange of a sales contract for the divestment of a non-core property. These moves are expected to enhance COF’s financial position and optimise its portfolio composition. The $225 million debt refinancing involved the refinancing of $175 million

In a positive turn of events, Australia has witnessed the smallest increase in inflation in over a year. This development could potentially influence the Reserve Bank’s decision to maintain interest rates when it convenes on Tuesday. According to the Australian Bureau of Statistics, the monthly Consumer Price Index (CPI) indicator rose by 5.6 per cent

For ASX-listed Azure Minerals (ASX:AZS), identifying one of Western Australia’s most exciting lithium finds involved deep trawling through long-forgotten archives in the bowels of the state’s museum. Paradoxically, Azure initially was focused on another commodity – nickel – at its flagship Andover project, covering 70 square kilometres in the rugged Pilbara region. Azure chief Tony

In May, inflation in Australia dropped to 5.6%, compared to 6.8% in the previous month. This decrease has raised hopes that the Reserve Bank can halt its series of interest rate hikes. Economists had expected a slowdown in annual price growth to around 6% due to lower fuel and travel expenses. The Australian Bureau of