November 2023

Glencore has finally acquired the coal assets of Teck Resources, comprising high metallurgical coal mines in western Canada. The company intends to create a separate entity by merging these businesses. As the world’s largest thermal coal miner and exporter, Glencore had pursued Teck for months, considering various options, including a full bid and spin-off or

Stocks rallied on Tuesday, building on their strong November gains, as Wall Street cheered new U.S. inflation data that raised hope of the Federal Reserve wrapping up its rate-hiking campaign. CPI was flat last month, while economists polled by Dow Jones expected a gain of 0.1% month over month. So-called core CPI, which stripped out

Wall Street’s view has shifted to no more rate rises and a potential rate cut sooner than expected. This change comes after a sharp decline in oil and petrol prices, causing US inflation to resume its downward trend in October, marking the first decrease in three months. In October, US consumer prices increased by 3.2%

In the midst of economic uncertainty and a sluggish growth landscape, corporate leaders and fund managers in Australia are beginning to reevaluate their strategies. The recent UBS Australasia Conference shed light on a dilemma plaguing the financial industry, succinctly summed up by a casual remark made in the lunch line: “The defensive stocks are expensive,

On Tuesday, the sharemarket rebounded, driven by gains in the energy and mining sectors due to a recovery in commodity prices. Investors remained focused on the upcoming release of US inflation data to gain insights into the future trajectory of interest rates, despite a drop in consumer sentiment and declining future confidence in economic conditions

In an effort to delve deeper into the evolving development of the world-class unconventional gas resource situated in the Beetaloo Sub-basin in Australia’s Northern Territory, a special webinar is set to take place on Wednesday, 15th November 2023. This event promises to provide valuable insights into the potential of the Beetaloo Basin and its significance

The S&P/ASX 200 index rose by 0.66 per cent to reach 6,994.60, driven by robust performances in the energy, mining, gold, and lithium sectors, which benefited from a rebound in commodity prices. This increase coincided with the continuation of gains in iron ore futures, driven by optimism surrounding China’s property market. Additionally, investors are closely