June 17, 2024

Canada’s government will buy stockpiled rare earth materials from the Australian company Vital Metals in a deal that will prevent the company from selling its production to China. The small Australian company mines rare earths in Canada’s Northwest Territories and will sell its stockpiled rare earth ore to the Saskatchewan Research Council for C$3 million […]

The final dump of economic data for China in May failed to impress investors in the region, with Chinese and Japanese markets weak on the day and Hong Kong trading sideways after an early dip. The lack of any change to the key Chinese official interest rates, coupled with more data revealing a worsening crisis

Megacap tech names led the broader market to another record close as Nvidia hit a new intraday all time high amid growing optimism about Fed rate cuts. The S&P 500 rose 0.77 per cent to finish at a new record 5,473.23. The tech heavy Nasdaq rallied 0.95 per cent to close at 17,857.02 and the

Australian shares fell on Monday, with the benchmark S&P/ASX 200 closing 0.3% lower, led by declines in energy and mining sectors due to disappointing Chinese economic data and cautious sentiment ahead of the Reserve Bank’s rate decision. Iron ore prices slumped following weaker industrial output and investment growth in China, causing major miners like Rio

Once again, China’s central bank has missed the opportunity to cut a key interest rate to help support an economy that continues to stutter, despite the mistaken belief that better-than-expected exports (as seen in May) indicate a stronger economy. Hours before the last of the May economic data was released on Monday, the People’s Bank

China’s steel production finally jumped from the doldrums at the start of this year in May, recording one of the biggest monthly rises in some time. The country’s National Bureau of Statistics reported that crude steel output rose 8.1% to a high of 92.86 million tonnes, the highest monthly total in 14 months. Analysts attributed

Richard Brennan, Strategy Ambassador for East Coast Capital Management, speaks to Chris Gosselin, the CEO of Australian Fund Monitors, about the company’s diversified, systematic, trend-following approach. Chris Gosselin: My name is Chris Gosselin from Australian Fund Monitors. Today, we’re talking to Richard Brennan from East Coast Capital Management. East Coast Capital Management run a systematic

Embattled car parts retailer and distributor, Bapcor (ASX:BAP), has won significant support from its bankers as it prepares to announce a significant loss for the year ending June 30 and decides whether to fight a takeover approach from an American private equity firm. The company revealed on June 11 that Bain and Co., the US

Schrole Group (ASX:SCL) announced that it has entered into a Scheme Implementation Deed with TES Aus Global Pty Limited, in which TES will acquire 100% of Schrole for 48.52 cents. The cash consideration of 48.52 cents per Schrole share (Scheme Consideration) represents a 203% premium to the Schrole closing price of 16.0 cents on 14

Australian job advertisements, as measured by ANZ-Indeed, decreased by 2.1% in May, following a peak decline of 23.9% from November 2022, yet remaining over 20% higher than pre-pandemic levels. At 11:30am, the S&P/ASX 200 is 0.06 per cent lower at 7,719.70. The SPI futures are pointing to a fall of 10 points. Best and worst