LA Private

June 20, 2024

Central banks update

There were two not unexpected results from meetings of two major central banks on Thursday—the Bank of England and the Swiss National Bank. The Bank of England (BoE) maintained its key interest rate, while the Swiss National Bank (SNB) cut its rate for the second time since March. The BoE decided to keep interest rates […]

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Potential gas shortages on East Coast

As temperatures plummet on the East Coast, a dual threat looms: a shortfall in gas supplies exacerbated by a lack of renewable power generation. The Australian Energy Market Operator (AEMO) has issued a stark “threat notice,” cautioning that current conditions could lead to peak day shortfalls in gas supply across NSW, Victoria, the ACT, South

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ASX experiences slight losses: GYG makes successful debut

On Thursday, the S&P/ASX 200 experienced slight losses despite Guzman y Gomez’s successful debut, marking it as the largest IPO since November 2021. The Australian dollar ended the day unchanged at $US66.7¢. Meanwhile, US equity futures indicated optimism with expectations of record highs, while European central banks were set to announce interest rate decisions, shaping

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Stocks of the Hour: DroneShield, Terra Metals, Control Bionics

To register for Friday’s webinar click here. DroneShield (ASX:DRO) announced it has received an order of $4.7 million from a new non-government Swiss international customer. The vehicle-based solution will offer a rapidly deployable C-UxS platform, that can be operated in both static and On-The-Move (OTM) missions. Shares are trading 0.96 per cent higher at $1.58.

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MinRes to close Yilgarn iron ore hub

Approximately 1,000 miners are facing an uncertain future as Mineral Resources (ASX:MIN) closes its Yilgarn iron ore mining hub in the WA Goldfields region and expands deeper into longer-life mines in the Ashburton and West Pilbara regions of the state. MinRes said in a statement to the ASX on Wednesday evening that its 13-year-old mining

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