November 2023

Enlitic CEO Michael Sistenich discusses the company’s AI solutions for healthcare data management as the company gears up for its December IPO. Paul Sanger: I’m Paul Sanger for the Finance News Network, and today I’m talking with Enlitic. Enlitic plans to IPO on the ASX in mid-December. Enlitic utilises artificial intelligence to offer data management […]

The Australian sharemarket experienced a noon decline with the S&P/ASX 200 index slipping 0.15% due to losses in commodity stocks, particularly in the materials sector, driven by lower iron ore prices, leading to drops in BHP, Fortescue Metals, and Rio Tinto. Investors are closely monitoring upcoming inflation data and the OPEC+ meeting’s outcomes for insights

China’s property woes continue to inflict damage on the nation’s economy, with indications of substantial losses and potential criminal investigations surfacing as the government grapples with years of lax regulation, dubious transactions, and excessive lending throughout the financial sector. While the media has primarily focused on the gradual unraveling of giants like China Evergrande, Country

The Dow Jones Industrial Average rose on Friday, as the major averages notched a four-week winning streak. The 30-stock Dow rose 117.12 points, or 0.33 per cent, to 35,390.15. Meanwhile, the S&P 500 ticked higher by 0.06 per cent to end at 4,559.34. The Nasdaq Composite fell 0.11 per cent, closing at 14,250.85. Major retail

A meandering week ahead for markets, featuring some inflation news in the US and Australia, a GDP update for America, building approvals in Australia, China’s latest economic activity surveys, and a final rush of meetings and earnings releases both locally and offshore. Markets and analysts will be closely monitoring Black Friday and Cyber Monday sales

Wall Street offered Australian investors little guidance as they resumed trading today, leaving them with nothing but fond wishes and hopes for retailers. Futures trading for the ASX 200 saw a 15-point gain by the early Saturday close, adding to Friday’s small local gain, which couldn’t erase the week’s 0.12% loss. Local investors are now

Gold prices rose in light holiday trade early on Friday as the dollar weakened, while rising treasury yields checked the gains. Comex gold for February delivery closed up $10.30 to settle at $2,022.10 an ounce. The December contract ended the after-hours session at around $2,003.70 an ounce, up 0.5% for the day and 1% for

A week ago, no one anticipated the sudden uncertainty gripping the oil markets. The steadfast support for production cuts within the OPEC+ group appeared unshakable, with little indication of any discord before the widely expected meeting on Sunday to extend production cuts into the new year. However, fast forward seven days, and that solidarity has