July 2024

China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in line with forecasts, data from the National Bureau of Statistics showed on Wednesday. A Reuters poll had anticipated a 0.4% year-on-year increase in the consumer price index (CPI) for June, but the actual rise was […]

The Honourable Shane Jones discusses the New Zealand government’s pro-mining strategy. Topics touched on include: the rationale behind invigorating the resources sector, statutory reforms to boost investment, and commodities New Zealand possesses. Paul Sanger: Hello. I’m Paul Sanger with the Finance News Network, and today I am speaking with the Honourable Shane Jones. Minister Jones

Booktopia (ASX:BKG), once a shining star on the ASX, now finds itself at the center of a fierce bidding war as potential buyers vie to rescue the beleaguered book retailer from administration. With expressions of interest due this Thursday and firm offers expected next Tuesday, McGrathNicol, overseeing the sale, hopes to secure a deal that

Infini Resources (ASX:I88) has announced exceptionally high-grade uranium soil assays confirmed at Portland Creek. The Project is located in the uranium-friendly jurisdiction of Newfoundland, Canada. Shares are trading 57.14 per cent higher at 77 cents. Mako Gold (ASX:MKG) has announced that the RC drilling program has commenced at the Napie Project. Drilling is targeting three

Australian shares opened lower following a previous day’s rally, and at 11:30am, the S&P/ASX 200 is 0.47 per cent lower at 7,792.60. The drop was led by weakness in the materials sector due to a decline in iron ore prices, despite US stocks closing higher. Federal Reserve Chairman Jerome Powell’s testimony suggesting a potential rate

Santana Minerals Limited (ASX:SMI) CEO Damian Spring provides an update on the company’s progress, discussing an increase in indicated resource at the RAS deposit, expected completion of the prefeasibility study, stakeholder engagement, and the possible impact of the Fast-Track Approvals Bill. Paul Sanger: I’m Paul Sanger for the Finance News Network, and today I’m talking

The Salar de Atacama in Chile contains some of the world’s highest known concentrations of lithium and potassium.  Chile’s government has reported strong interest from private firms in lithium projects, indicating that it may surpass its goal of initiating three to four new projects by the end of 2026. The government received 88 proposals from

During the second quarter of this year, short sellers capitalized on their strategy of betting against stocks, amassing a substantial $10 billion in paper profits despite the broader market’s upward trajectory. Data from S3 Partners indicates that short sellers, known for borrowing and selling stocks with the intention of buying them back at lower prices,

China’s rising sales of so-called New Energy Vehicles (NEVs) can’t make up for the continuing weakness in sales of conventionally powered (or ICE, internal combustion) vehicles. For the third month in a row, June saw Chinese car sales slide 6.7% year over year to 1.767 million units. That was up 3.2% from May, according to

While Fed Chair Jay Powell wouldn’t get drawn into any discussions about the potential timing of any rate cut in the first of two appearances before the US Congress on Tuesday, he did send a hint or three to keep watching the central bank because something could be brewing. Asked when the Fed would cut