June 3, 2024

The Chinese group Yuxiao Fund, along with four associates having ties to major Chinese conglomerates, will be compelled to reduce their shareholdings in Northern Minerals, a strategic rare earths miner, as the federal government deemed the acquisition contrary to “our national interest.” Northern Minerals is developing the Browns Range heavy rare earths project in the […]

The Australian sharemarket has risen in June, continuing its recovery from recent sell-offs, with a 0.82 per cent rise at 11:30am following modest gains on Wall Street. This follows a 1 per cent jump on Friday, driven by traders unwinding earlier sell-offs prompted by concerns over inflation and potential Reserve Bank interest rate hikes. The

Chris Gosselin: Welcome. My name’s Chris Gosselin from Australian Fund Monitors. Today, I’m talking to Dan Nicolaides from Digital Asset Funds Management, a crypto fund. Dan, welcome. Dan Nicolaides: Thanks, Chris. Chris Gosselin: Now, looking at the performance of your fund, you would say it’s anything but a typical crypto fund. We normally think of

The Dow Jones jumped as investors breathed a sigh of relief as key inflation readings released on Friday came in mostly as expected with no negative surprises. The Dow closed 1.51 per cent higher posting its best day in 2024 with strong performances from constituents Salesforce and UnitedHealth rallying 7.5 per cent and 2.8 per

OPEC+ may have agreed on Sunday to extend a voluntary production cut of 2.2 million barrels of crude oil a day deep into next year, but that is an acknowledgment that the output restrictions have failed to support prices at a level its members want. No matter how the group pitches the decision, it is

Investors would do well to take advantage of annual market volatility in June and buy on the dip, according to Emanuel Datt, chief investment officer of Datt Capital. “Australian markets typically dip in June as investor rationalise their portfolios by selling stocks in a capital loss position, to harvest tax losses to offset against other