The Australian sharemarket rose by 1 percent on Tuesday, with the S&P/ASX 200 Index closing at 7778.1 points, following the Reserve Bank’s decision to keep its cash rate unchanged. Significant gains were seen across all sectors, notably in financials and utilities, while Wall Street also experienced positive movements with the S&P 500 up 0.8 percent […]
ASX lifts 1%: RBA decides to keep cash rate unchanged Read More »
Specialty women’s wear retailer City Chic (ASX:CCX) is expected to make a highly dilutive capital raising that existing shareholders might balk at. The small retailer, which had a market cap of $68 million at Monday’s close of 30 cents a share, is reported to be looking to raise about $25 million from investors. This implies
City Chic faces dilutive capital raising Read More »
Sydney-based women’s fashion wear group City Chic Collective (ASX:CCX) has requested a halt in trading of its shares until next Monday (June 24). This pause will allow the company to finalize the sale of assets from its Avenue business and secure new capital. In a letter to the ASX, City Chic announced plans for a
City Chic Collective halts shares for asset sale and capital raise Read More »
Tinybeans (ASX:TNY) secures major US strategic partnership with leading digital parenting platform Babylist. The Partnership is expected to deliver brand awareness, subscriber growth and sales revenue for Tinybeans in the US. Shares are trading 16.13 per cent higher at 7.2 cents. Patagonia Lithium (ASX:PL3) has announced exceptional results achieved at Formentera Lithium Project in Northern
Stocks of the Hour: Tinybeans, Patagonia Lithium, Elementos Read More »
At 11:30am, the S&P/ASX 200 is 0.92 per cent higher at 7,771.10, mirroring a continued surge in New York where Tesla and Apple led gains in the blue-chip technology sector. This trend reflects positive investor sentiment and strength in tech stocks influencing global markets. Overnight, Wall Street saw the S&P 500 rise by 0.8% to
ASX up 0.92% near noon following Wall Street’s gains Read More »
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
Canada secures rare earth materials from Vital Metals Read More »
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
Chinese economic data disappoints Read More »
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
Megacap tech names lead US markets to new record Read More »
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
ASX falls by 0.3%: Cautious sentiment ahead of RBA’s decision Read More »
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 central bank holds steady on interest rates Read More »
