February 28, 2024

First, it was Evergrande, broke in 2021 and ordered liquidated in early 2024 with well over $US300 billion in debt. On Wednesday, it was the turn of its big rival, Country Garden, which has been staggering towards Evergrande’s fate for the past year or more — it has around $US190 to $US200 billion in debt. […]

Australian inflation remained above the 3% top of the Reserve Bank’s target range for another month in January, with the partial indicator for last month showing an annual rise of 3.4%. That was unchanged from December, but was above some odd market forecasts for a rise to 3.6%. A jump in food costs though makes

US stocks ticked lower Wednesday as investors looked ahead at the personal consumption expenditure reading for January, which is the Federal Reserve’s preferred measure of inflation, due later this week. The S&P 500 pulled back 0.17 per cent to close at 5,069.76. The Nasdaq Composite fell 0.55 per cent to 15,947.74. The Dow Jones Industrial

Apple garnered significant attention with the rational decision to abandon its EV ambitions, a move that resonated with a mix of reactions from despair to optimism within the sector. This decision signals a reduction in competition from another player striving to enter the market with hefty investments and media coverage, only to potentially falter due

Chevron claims its $US53 billion takeover of Hess deal is being threatened by ExxonMobil and China National Offshore Oil Corporation (CNOOC) because they have the first right of refusal over the key Hess asset, a share of one of the hottest oil finds in the world over the past decade. Chevron claimed in its 2023

As expected, the Reserve Bank of NZ has kept its official cash rate steady at 5.5%, showing little indication of imminent easing. The central bank, in its post-meeting statement, emphasized its skepticism regarding a sustainable decrease in the Kiwi rate of inflation. Geopolitical factors, such as conflicts in the Middle East, pose inflation risks, while

Gold stocks are out of sorts currently…but looked primed to rumble down the line. Let me tell you…when gold stocks run, they can really fly. Let me give you two examples from my services last year. It was September 2023. The ASX, at that time, was in the grip of a nasty and difficult downtrend.

On Wednesday, the ASX experienced a slight decline, ending a four-day winning streak, with the ASX 200 falling by 0.03%, attributed to disappointing earnings reports from major companies. Australia’s consumer price index remained steady at 3.4%, below analysts’ expectations, indicating a continued disinflationary trend, potentially paving the way for interest rate cuts by the Reserve

The companies discussed this week are: Servcorp (ASX:SRV)Reece (ASX:REH)Universal Stores (ASX:UNI)

Tim Mason – CEO – Eagle Mountain Mining Limited (ASX:EM2), is a copper focused exploration and development Company with a key objective of becoming a low emission producer at its  high-grade Oracle Ridge project in Arizona, USA, to supply the rapidly growing green energy market.