For yet another year, China has issued what amounts to a wish list of economic targets for the economy in 2024. The most laughable of these targets is a 3% goal for Consumer Price Inflation (CPI) for the year. In January, China saw consumer prices fall by an annual 0.8%, the most significant decline in […]
China sets ambitious economic targets Read More »
For yet another year, China has issued what amounts to a wish list of economic targets for the economy in 2024. The most laughable of the targets is a 3% goal for Consumer Price Inflation (CPI) for this year. This target seems ambitious considering the country experienced consumer price deflation in January, following an average
China sets economic targets for 2024 Read More »
Dynamic Metals (ASX:DYM) has announced that it has entered into a binding term sheet for a farm-in and joint venture HoldCo, a wholly-owned subsidiary of Mineral Resources Limited. Dynamic Metals will sell 40% of all lithium mineral rights held on the Widgiemooltha tenement package for $5M cash consideration. Shares are trading 59.38 per cent higher
Stocks of the Hour: Dynamic Metals, Alara Resources, Fin Resources Read More »
Moments after the market opened, Australian stocks edged downwards, following the trend set by Wall Street amid anticipation surrounding China’s economic growth projections. Utilities saw the most significant decline, while materials, energy, and healthcare sectors showed resilience, remaining in positive territory. The surge in gold prices to a three-month peak helped offset losses for gold
ASX up 0.04% near noon: Bitcoin reaches two-year high Read More »
US stocks retreated Monday despite a rallying group of technology stocks tied to the artificial intelligence boom. The S&P 500 shed 0.12% to 5,130.95, while the Nasdaq Composite slipped 0.41% to 16,207.51. The Dow Jones Industrial Average lost 97.55 points, or 0.25%, to finish at 38,989.83. Losses were mitigated by gains of more than 3%
Nasdaq falls despite surge in AI stocks Read More »
Albemarle is looking to raise more than $US2.1 billion (over $A3.2 billion) in a share issue to investors as it seeks to maintain high levels of liquidity to ride out the current downturn in demand for lithium and the concurrent price slide. The US-based company said some of the money will be spent on processing
Albemarle plans $US2.1 billion share issue amidst lithium market downturn Read More »
World gold prices surged strongly on Monday, leaping back over $2,100 an ounce on Comex in New York. Silver prices also rose sharply as analysts struggled to pinpoint a driving factor for the strong gains. Some attributed the sudden rise to technical support, while others believed it was fueled by a belief that US rates
Gold prices surge past $2,100 mark Read More »
The ASX declined in its first session of the week, with the S&P/ASX 200 closing 0.1% lower amid concerns over upcoming GDP figures, particularly after a larger-than-expected decline in inventories, while real estate stocks rose 1.3% and gold stocks rallied on increased gold prices. Additionally, corporate news included Downer EDI’s defence against a shareholder class
ASX closes 0.1% lower amid concerns over upcoming GDP figures Read More »
Foreign bids for Australian companies continue to surge, with significant offers on the table. Saint-Gobain has bid $4.3 billion for CSR, while Japan’s Renesas proposes $9.1 billion for Altium. Additionally, there’s a $US1.6 billion Indonesian-Australian offer for Illawarra Coal. Among these bids, Electric Power Development (J-Power), one of Japan’s largest energy utilities, has put forth
Foreign bids surge for Australian companies Read More »
Home building has begun 2024 weakly. According to January approvals figures from the ABS released on Monday, they dropped to their lowest monthly level in 11 years. The total number of dwellings approved fell by 1.0% in January (seasonally adjusted) to 12,850 after a 10.1% drop in December. January’s total was the lowest since January
Home building dips to 11-year low Read More »
