March 2024

Once again, China’s appetite for major commodities clashes with the uneven health of the country’s massive manufacturing sector. Deflation still grips manufacturing, with producer prices down for over 14 consecutive months. Consumer prices also face deflation, though there’s potential for improvement in upcoming data. Despite these challenges, recent commodity import data from China’s Customs Administration […]

Numerous financial commentators, both within and outside the markets, persist in warning about potential risks to Australia’s banks from bad debts, particularly concerning home loans and commercial property. Despite the incessant chatter, the latest updates from the four major banks, including the Commonwealth’s interim report, show no indication of an imminent explosion in bad debts

Twiggy Forrest’s FMG Resources has made a significant move into the highly prospective copper-gold region of central western NSW with a placement and funding deal. This deal could potentially result in FMG gaining control of the emerging Myall prospect owned by Magmatic Resources. The Central West area already hosts major mining operations by companies like

To register for today’s webinar click here. Magmatic Resources (ASX:MAG) has announced the execution of a Farm-in and Joint Venture agreement with FMG Resources Pty Ltd, to explore the Myall Project in central west New South Wales. Fortescue will spend up to $14M over six years to earn up to 75% joint venture interest in

In a dynamic week of financial maneuvering, Europe appears to be positioning itself for a mid-year rate cut, while across the Atlantic, all eyes are on the United States Federal Reserve and its evaluation of inflation data. Despite this anticipation, Chair Jay Powell has reiterated the Fed’s cautious approach, emphasizing the need for more comprehensive

The ASX has incurred a substantial fine from ASIC, the primary market regulator, for violations of its own regulations. ASIC revealed Thursday morning that ASX Ltd has paid a A$1.1-million fine after a compliance investigation revealed what appears to be a software problem leading to multiple breaches of disclosure rules over a period of more

Stocks rose Thursday, pushing the S&P 500 and Nasdaq Composite back to record highs, as hope over easing inflation and gains in tech aided Wall Street’s midweek bounce. The broad S&P 500 advanced 1.03% to 5,157.36, while the tech-heavy Nasdaq Composite climbed 1.51% to 16,273.38. Both notched all-time highs during the session, while the S&P

China’s foreign trade witnessed a solid improvement in January and February, with both exports and imports showing stronger growth than anticipated compared to the same period in 2023. Exports surged by 7.1% from the weak figures of the first two months of 2023, while imports rose by 3.5%, surpassing market forecasts. However, it’s crucial to

Paul Sanger: Hello, I’m Paul Sanger for the Finance News Network, and today we’re discussing Dotz Nano. Dotz Nano, trading under the ASX code DTZ with a market capitalization of approximately $85 billion, is a nanotechnology firm pioneering innovative climate and industrial nanotechnologies. The company’s primary focus lies in developing revolutionary carbon dioxide management technologies,

On Thursday, Commonwealth Bank shares surged to a record high of $119.37, alongside National Australia Bank and Westpac reaching notable highs, propelling the S&P/ASX 200 index to a second consecutive day of gains, reaching 7763.7 points, with financials climbing by 0.6 percent while the resources sector dipped by 0.92 percent due to major companies going