China’s balance of payments data for last year shows the stunning impact on its trade performance from the slowdown in demand for its exports, weak domestic demand for imports, and the loss of confidence foreign investors have in the country due to its increasingly aggressive policy positions on issues like security and spying. 2023 was […]
China’s balance of payments: A tale of economic slowdown Read More »
US markets are closed Monday for Presidents Day. The Pan-European Stoxx 600 was slightly higher Monday, off the back of largely positive sentiment last week. The Pan-European Stoxx 600 index provisionally closed up 0.17%, rebounding slightly from a negative morning session. Mining stocks led losses, sinking 1%, while health care stocks were up 0.95%. Shares
Pan-European Stoxx 600 edges up: Temenos soars by 8.8% Read More »
More confirmation of the sharp fall in returns from thermal coal mining and exports in Queensland, especially in the NSW Hunter Valley, emerged with New Hope Corp (ASX:NHC), the 40% owned associate of Washington H Soul Pattinson, informing the ASX on Monday that net earnings for the six months to January fell by 59%. That
Declining thermal coal returns in Queensland and NSW Hunter Valley confirmed Read More »
GPT Group (ASX:GPT) has found itself grappling with the ramifications of the downturn in commercial real estate. While this downturn has dealt a significant blow to the industry at large, GPT has managed to soften its losses to some extent, thanks to its substantial exposure in the retail sector. In contrast to some of its
Commercial real estate downturn impacts GPT Group Read More »
Impact Minerals (ASX:IPT) has announced that High Purity Alumina has been produced from their Lake Hope Project, in WA, via the proprietary and patented Playa One Sulphate Process. The Sulphate Process underpins the recent Scoping Study, which demonstrated an NPV8 of $1.3 billion for the project. Shares are trading 30 per cent higher at 1.3
Stocks of the Hour: Impact Minerals, Spacetalk, Hammer Metals Read More »
The S&P 500 index experienced a 0.5% decline on Friday following the release of a US producer price index report indicating a rise in prices, particularly attributed to increased service costs, retracting from its previous record high. At 11:30am, the S&P/ASX 200 is 0.18 per cent higher at 7,672.10. The SPI futures are pointing to
ASX down 0.18%: S&P 500 declines on PPI report Read More »
Kerry Stokes’ Seven Group (ASX:SVW) is bidding to acquire the 28.4% minority stake in Boral (ASX:BLD) with an offer that, despite its $6.05 per share price, holds a mere 20 cents premium to Friday’s closing sale of $5.85. With Seven Group already owning 71.6% of Boral, the cash and share bid, which the company deems
Seven Group’s bid for Boral targets minority stakeholders Read More »
As expected, steelmaker BlueScope Steel (ASX:BSL) experienced a 27% decline in first-half profit due to volatile market conditions, sluggish economic growth, and high inflation and interest rates. Directors anticipate another period of lower earnings in the current June half, albeit possibly not as significant as the previous December half. Despite this outlook, BlueScope maintained an
BlueScope Steel reports 27% fall in first-half profit amidst market volatility Read More »
