May 2024

Westgold Resources (ASX:WGX) has secured nearly a quarter of a million ounces of gold in its WA home base region through a $6 million deal with Ore Gold. Ora announced Thursday morning that it had entered into a binding agreement with Westgold, the dominant gold miner in the Murchison region. The agreement covers a strategic […]

Two product releases this week—one in northern China, the other in Tokyo—could very well help mark the end of the headless rush into pure electric vehicles or BEVs, the kind Elon Musk pushed into the foreground of public knowledge and ignited a boom in China and then around the world that is now spluttering. The

Agriculture Minister Murray Watt has confirmed that five major Australian beef exporters, previously suspended from exporting meat to China, can now resume their operations. The suspension, imposed amidst a trade war between the two nations, has been lifted by Beijing with immediate effect. Speaking to ABC News Breakfast, Senator Watt expressed his satisfaction with the

ConocoPhillips has agreed to acquire Marathon Oil in an all-stock deal valued at $22.5 billion, including debt, as consolidation continues to reshape the US oil sector. This acquisition will provide Conoco, one of the world’s largest independent oil and gas producers, with a broad range of assets from North Dakota to Texas, strengthening its position

BHP (ASX:BHP) shares rose slightly after it withdrew from its attempt to buy Anglo American, but the latter’s shares fell nearly 4% in the wake of its refusal to continue talking on the proposal from the world’s biggest miner. Wednesday saw BHP issue a statement at 3:56 pm Sydney time outlining a request for a

Another solid performance from AI darling Nvidia was not enough as stocks were broadly lower on Wednesday with Treasury yields continuing to edge higher on the return of concerns around sticky inflation and Fed rate cut timing. The Dow Jones closed 1.06 per cent lower, the S&P 500 fell 0.74 per cent its first negative

BHP Group (ASX:BHP) disclosed a revised proposal for merging with Anglo American plc (Anglo American), and in response, the Board of Anglo American extended the offer deadline to the 29th of May 2024. BHP welcomed this extension as an opportunity to address concerns raised by Anglo American regarding its proposal. Since then, BHP has engaged

Australian shares slumped to a three-week low as the pace of inflation unexpectedly rose in April, diminishing investor expectations for an interest rate cut by the Reserve Bank this year. The benchmark S&P/ASX 200 dropped 1.3 per cent to 7665.6, with all 11 sectors declining, mirroring losses in consumer staples and industrials, leaving the index

The widespread autumnal rains in March and April across much of Eastern Australia helped bump inflation up for the second successive month in April. But they didn’t do it alone. There was a 7.5% jump in rents as government attempts to help millions of people who don’t own their own homes, again failed. The Australian

The International Monetary Fund has turned a bit bullish on China’s economic outlook. On Wednesday, the Fund lifted its estimate for China’s growth this year to 5%, which aligns with the forecast from the government of President Xi Jinping. The IMF stated that the upward revision, from the previous estimate of 4.6%, was due to