November 19, 2023

Fuse Minerals, a regional copper exploration company, has cleared a significant hurdle on its path to going public. The corporate regulator has given the green light to Fuse Minerals’ IPO, marking a pivotal moment in the company’s journey as it prepares for an ASX listing just ahead of the holiday season. Chairman Warren Mundine is […]

Metal and iron ore prices performed well last week, even in the face of another round of weak economic data from China. Iron ore had another solid week, marking the 12th consecutive week of gains. SGX iron ore futures ended at $US128.35, surpassing $US130 a tonne mid-week. This was a slight increase from the previous

This week, we delve into the minutes from meetings held by two central banks earlier this month. Additionally, we keep a close eye on the crucial shareholder meeting for Origin Energy in Australia, where a massive bid from Canada’s Brookfield and the US-based EIG hangs in the balance. AustralianSuper’s opposition to the $20 billion offer

OPEC and Russia are feeling the pressure due to the recent decline in world oil prices over the past month, which is affecting their revenue and commitment to production cuts. On Friday, news of a possible extension of these production cuts into 2024 helped boost US West Texas Intermediate (WTI) prices by more than 4%

The Standard & Poor’s 500 index rose 2.2% last week, extending its winning streak to a third week as investors were encouraged by better-than-expected October inflation data and stronger-than-expected quarterly results from some retailers. Several US retail majors made strong gains after reporting better results for the latest quarter than analysts expected. Gap shares surged

In September, China continued its six-month streak of cutting its holdings of US Treasury debt, according to data from the US Treasury. As America’s second-largest foreign creditor, following Japan, China reduced its holdings of US Treasury securities to $778.1 billion, marking a $27.3 billion decrease from the previous month. This September figure represents the lowest

The S&P 500 rose on Friday and clinched a third straight winning week amid a red-hot November rally. The broader index added 0.13 per cent to settle at 4,514.02. The Dow Jones Industrial Average ended the day higher by 0.01 per cent, or 1.81 points, closing at 34,947.28. The Nasdaq Composite crept up by 0.08