October 2023

Pan-Asian bank Standard Chartered has revealed significant financial damage due to exposure to Chinese banks and the slumping property sector. On Thursday, the London-based Asian operating bank witnessed a 17% collapse in its shares on the London Stock Exchange, prompting a trading limit to be imposed. This drop followed the announcement of a nearly $US1 […]

Harvey Norman (ASX:HVN) has unveiled a surprising plan for a 10% share buyback worth $442 million over the next year. This move comes in response to dismal September quarter sales and a grim outlook for the future. During the September quarter, sales plummeted by over 98% across the company’s empire, with a staggering 13% drop

Now, it’s down to Apple next Thursday after Amazon’s solid third-quarter numbers failed to set its share price on fire, leaving the Nasdaq poised for another frustrating session on Friday to end a down week. Amazon lifted third-quarter revenue by 13% to $143.1 billion, more than tripled net earnings to $9.9 billion (helped by a

A recently resolved strike at one of Newmont’s major mines has led to a reduction in its 2023 output guidance, impacting earnings, just as it prepares to merge with Newcrest Mining on November 6. The world’s largest gold miner has faced ongoing issues at a significant mine in Mexico, causing disruptions and financial setbacks. The

In the third quarter, US economic growth exceeded expectations, with a 4.9% annual rise, marking the strongest performance in nearly two years. This unexpected boost can be attributed to robust consumer spending in the face of rising interest rates, ongoing inflationary pressures, and various domestic and global challenges. The news led to a decrease in

Industrial Minerals (ASX:IND) has secured an exclusive option to acquire an 80% interest in the non-construction material mineral rights, at the Pippingarra Quarry Project near Port Hedland. In response, IND’s Managing Director Jeff Sweet commented, “In the event of an economic discovery, the granted mining lease and associated mining infrastructure provides the capacity to expedite

Australia’s producer prices increased by 1.8% in September when compared to the previous quarter, and they rose by 3.8% over the past 12 months, according to the Australian Bureau of Statistics. This data shows a slight acceleration in quarterly price growth compared to the 0.5% rise in the June quarter, although the annual increase of

The Nasdaq Composite dropped deeper into correction territory on Thursday as Meta became the latest tech company to offer a forecast that didn’t quite live up to investors’ expectations. The tech-heavy index lost 1.76 per cent, dropping below its 200-day moving average for the first time since March. The S&P 500 dipped 1.18 per cent