January 8, 2024

Over the Christmas-New Year break, several analysts and banks displayed eagerness to return to or boost small investments in the Chinese stock markets. The new bulls pointed to its depressed market values compared to other markets in Asia (and the chance for rebound profits). The renewed interest in China came after foreigners invested a record […]

Audacy, the increasingly troubled US radio and audio-streaming company, has been forced to seek Chapter 11 bankruptcy protection to slash its debt by 80% and survive a slump in advertising and other revenues, along with a surge in interest costs, as the great boom in streaming audio (i.e., Spotify and podcasting) claims its biggest victim

Around 140 jobs will be lost after the administrators of Panoramic Resources (ASX:PAN) decided to suspend mining at the company’s troubled Savannah nickel mine in WA’s Kimberley region. The decision is the second in a week from miners; last Friday, Core Lithium confirmed that it was suspending operations at its Finiss lithium mine in the

Overnight, the major averages rose, thanks to strong performance in the tech sector, as Wall Street aimed to bounce back from a challenging week. The S&P 500 gained 1.41 per cent to end at 4,763.54, and the Nasdaq Composite jumped 2.2 per cent to close at 14,843.77. It was the tech-heavy index’s best day since

Australian shares extended their four-day losing streak as a result of US jobs data over the weekend, which reduced expectations of rate cuts. The S&P/ASX 200 ended 0.5% lower, and the All Ordinaries saw a similar decline, resulting in ASX shares being down nearly 2% since the beginning of the year. The losses followed a

Early December quarter production reports from a string of mid-level gold miners have painted a positive picture for the industry, as they closed out a challenging 2023 with robust performance. The late surge in gold prices in 2023 had a dramatic impact on revenue and earnings across the sector. Quarterly and early half-year updates from

So, what will Perseus Mining (ASX:PRU) do now that OreCorp and its Canadian suitor, Silvercorp Metals, have changed the type of takeover offer to avoid being trapped in a scheme of arrangement imbroglio? Perseus snapped up a 19.9% stake in OreCorp in November, which appeared to block Silvercorp’s August scheme of arrangement deal (as AustralianSuper

Australian shares are sliding in the final trading hours, continuing a tough start to the year due to traders unwinding last month’s market rally. This decline can be attributed to traders selling off shares, continuing the trend from the previous month’s sharemarket rally. The S&P/ASX 200 is down 0.5%, with all sectors trading lower. Energy

Key points2023 turned out to be a strong year for investors with shares and bonds rallying on the back of falling inflation, the anticipation of interest rate cuts in 2024 and better than feared economic growth. There were bumps along the way, but balanced super funds returned around 9.5%.2024 is likely to see positive returns

Australian shares have shown a modest increase near midday, rebounding from a challenging start to the year. Traders are eagerly awaiting further information regarding global economic inflation concerns. At noon, the S&P/ASX 200 is 0.18 per cent higher at 7,502.6. Energy stocks are driving the market higher, benefiting from a recent oil price rally in