July 2023

Overnight, US markets were closed due to the fourth of July holiday, however will return on Wednesday and traders will have access to the minutes from the Federal Reserve’s recent monetary policy meeting, during which the decision to maintain interest rates at their current level was made. Futures tied to the Dow Jones Industrial Average […]

The Reserve Bank of Australia has decided to keep the cash rate unchanged at 4.1 percent following its July board meeting. The RBA also maintained the interest rate paid on exchange settlement balances at 4 percent. Interest rates have been raised by 4 percentage points since May last year, aiming to achieve a more sustainable

Ramelius Resources (ASX:RMS) has swooped in and snatched Musgrave Minerals (ASX:MGV) after the latter rejected an all-paper offer from Westgold. Ramelius and Musgrave moved quickly to finalise their deal (and prevent Westgold from considering a new offer) by entering into a bid implementation agreement (BIA). Westgold ruled out a new bid with a statement on

In a display of power ahead of economic talks between China and the US, Beijing has imposed export restrictions on two minerals that are crucial for the production of semiconductors, missile systems, and solar cells. The minerals in question, gallium and germanium, along with several related materials, will be subject to unspecified export controls starting

CSR Limited (ASX:CSR), a leading building products company, has announced its agreement to acquire Woven Image, a renowned provider of sustainable and design-led acoustic finishes and textiles. The acquisition, valued at $43 million, is expected to be completed in the coming months, pending certain conditions. The move aims to broaden CSR’s commercial interior range and

Australia’s largest horticultural company, Costa Group (ASX:CGC), is poised to recommend a takeover offer from New York-based private equity firm Paine Schwartz Partners. The deal is expected to be finalised in the coming days, marking Costa’s departure from the ASX. Costa’s engagement of UBS and King & Wood Mallesons, and Paine’s advisors, Citi and Allens,

In a bid to challenge Twitter’s dominance in the social media sphere, Meta Platforms is gearing up to release a new microblogging app called Threads. This move comes on the heels of Twitter owner Elon Musk’s announcement of stricter post visibility rules, sparking discussions of a potential rivalry between the two tech giants. Industry experts

DroneShield (ASX:DRO) has been awarded a contract by a Five Eyes Department of Defence. This is a follow-on two-year R&D contract with a total value of $9.9 million. Oleg Vornik, DroneShield’s CEO, commented, “DroneShield is proud and pleased to continue undertaking multi-year contracts of increasing size with this customer.” Shares are trading 17.78 per cent