October 17, 2023

Australian shares initially rose in the morning but later retraced some of those gains due to hawkish comments in the Reserve Bank of Australia’s latest monetary policy minutes, which dampened market optimism. The central bank members discussed the possibility of increasing interest rates by 25 basis points but eventually chose to keep the rate unchanged […]

Rincon Resources (ASX:RCR) announced that their exploration activities intersects a wide zone of quartz-sulphide mineralisation at their South Telfer Project, Paterson Range. A total of 3 holes have been completed so far, with a further 12 holes remaining. Shares are trading 5.56 per cent higher at 3.8 cents. Battery Minerals (ASX:BAT) has entered into a

The Reserve Bank of Australia recently released its latest minutes regarding the cash rate decision. During the meeting, members contemplated increasing the cash rate target by 25 basis points but ultimately chose to keep rates unchanged for the fourth consecutive time. They noted that the labor market had undergone a significant change and that economic

In its first estimate for 2024, Rio Tinto (ASX:RIO) has surprised by forecasting only a marginal rise, at best, in iron ore shipments over 2023. However, Rio also said that its shipments will only be maintained at this very high level by availability and shipments of its lower-grade ores (called SP10). The world’s biggest iron

Despite a surge in petrol prices, New Zealand’s consumer price inflation sharply slowed in the September quarter, effectively dispelling market speculation about the central bank’s need to raise interest rates again. Expectations had suggested that higher fuel costs would drive consumer prices above the 6% annual rate recorded in the June quarter, possibly prompting the

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