January 16, 2024

Australian equity markets opened weaker taking their lead from Europe after news of soft GDP numbers from Germany overnight. In Australia, Consumer Staples sector dragged lower by supermarket giants Coles and Woolworths. The weakness comes after the ACCC, Australia’s competition regulator, said it was considering suing a big supermarket chain for breaching consumer law. Woolworths (ASX:WOW) […]

Weak nickel prices might have been why Canadian miner, First Quantum Minerals is suspending mining at its Ravensthorpe nickel operation on Western Australia’s south coast, but that is just an additional headache for a company now struggling to stay afloat after losing a massive $US10 billion copper mine in Panama last year and seeing its