December 13, 2023

Mid-Year Economic and Fiscal Outlook – budget deficits revised down, immigration revised up but projected to have peaked Key points:The Federal Government’s Mid-Year Economic and Fiscal Outlook (MYEFO) revised its budget deficit projections down sharply largely reflecting stronger revenue and some modest spending savings.The deficit for this year is now revised down to just $1.1bn […]

Cauldron Energy (ASX:CXU) has released the results of its Scoping Study for the proposed Bennet Well Uranium operation, revealing the potential for a globally competitive and low-cost in-situ recovery (ISR) uranium operation. The Bennet Well Uranium Deposit is situated approximately 100 kilometers south of Onslow, Western Australia, and about 1,050 kilometers north of Perth. The

The Dow Jones industrial Average jumped to a record Wednesday as the Federal Reserve signalled it would cut rates several times next year, satisfying investors who hoped the central bank would finally start to acknowledge the slowing trend of inflation with a less-aggressive monetary stance. The 30-stock Dow added 512.30 points, or 1.40 per cent,

Companies discussed include: Qantas Airways (ASX:QAN)Evolution Mining (ASX:EVN)MA Financial Group (ASX:MAF) The following transcript was automatically generated: Hello. This is Stock Watch with Chris Pedersen on Wednesday 13th of December 2023. All advice is general advice and might not be suitable for you. Always consult an advisor before making any investment decisions. All questions from

The way iron ore prices continue to trade above $US130 a tonne, there is every chance the 2023-24 budget will be in surplus by June 30 next year after a sharp improvement in the mid-year economic update. Iron ore prices are currently around $US135 a tonne for the benchmark 62% Fe fines from the Pilbara

Australia’s sharemarket experienced mixed performance as healthcare and iron ore stocks rose while the energy sector declined due to a 3.5% drop in benchmark oil prices. The S&P/ASX 200 closed with a 0.3% gain at 7259.1 points, with iron ore miners like Fortescue Metals and Rio Tinto reaching record or two-year highs, driven by strong

Chilwa Minerals Limited (ASX:CHW) Managing Director Cadell Buss discusses surprising drilling results and outlines future exploration plans. Paul Sanger: I am Paul Sanger for the Finance News Network, and today I’m talking with Chilwa Minerals (ASX:CHW). They have market cap of around $9m. Chilwa was incorporated in ’22 and listed on the ASX in July

Patrys (ASX:PAB), a therapeutic antibody development company, announced that its Contract Manufacturing and Development Organisation (CDMO) has confirmed that a manufacturing slot for the GMP production of PAT-DX1 will be available in Q1 CY 2024. The Company is confident that the drug material from this manufacturing run will enable the Company to initiate its first-in-human

Wall Street closed at a 52-week high as traders celebrated a decrease in core US inflation to 4 percent year-on-year in November, excluding food and energy prices. Bond yields declined as mega-cap stocks surged, indicating anticipation of rate cuts in 2024. ANZ noted that there was limited market reaction to the US consumer price inflation

China’s leaders have once again demonstrated their lack of clarity regarding the policies needed to steer the country’s economy away from the tightening grip of deflation, weak demand, and uncertain confidence. Last Friday, the Communist Party’s Politburo delivered a burst of Communist eco-speak, promising prudent and flexible fiscal stimulus. Late Tuesday night, State-run TV reported