Chinese imports surprised by being stronger than forecast in June, rising 7.2% instead of the predicted 3.5% and more than reversing the previous month’s decline. While iron ore and coal remained robust, copper was a concern, and oil was also troubling, with the smallest daily import volume in two years. This suggests that the property […]
China’s import tale Read More »
In a surprising turn of events, Glencore has reversed its 2023 decision to spin off its newly expanded coal business. The lure of continued coal profits, particularly coking coal from the Elk Valley Resources acquisition, proved too strong for shareholders and management alike. Glencore initially planned to combine its existing coking and thermal coal mines
Glencore reverses course on coal demerger Read More »
Record prices have again kept China out of the global gold market for a third consecutive month. Data released by the Chinese foreign exchange administration on the country’s foreign reserves at the end of July showed no increase in the country’s gold holdings. The People’s Bank of China (PBoC)’s bullion holdings remained steady at 72.8
China stays out of gold market Read More »
For a company worth less than $7 million on the ASX, Mosaic Brands (ASX:MOZ), the women’s wear retailer, certainly generates a lot of media stories. In fact, it’s not the retailer that is attracting coverage so much as its struggles to survive as the owner of the Katies, Noni-B, and Millers chains. Lately, it has
Mosaic brands in crisis Read More »
Arcadium Lithium (ASX:LTM) is reassessing all its projects, including a final, in-depth look at its Mount Cattlin lithium operations in southern Western Australia. The company is subjecting its planned and actual operations in Canada and Argentina to rigorous scrutiny. With no hesitation, it has been open about the difficult decisions ahead for the mine in
Arcadium reassesses lithium projects Read More »
US stocks closed lower on Wednesday as the market’s attempt to fully recover from Monday’s sell-off failed. The Dow Jones Industrial Average fell 234.21 points, or 0.60 per cent, to 38,763.45. The S&P 500 declined 0.77 per cent and ended at 5,199.50, while the Nasdaq Composite dropped 1.05 per cent to close at 16,195.81. At session
US tech stocks weigh on market as Nvidia falls Read More »
Companies discussed include: Brambles Limited (ASX:BXB)Pinnacle Investment Management Group Limited (ASX:PNI)Cleanaway Waste Management Limited (ASX:CWY)
Arrow Minerals (ASX:AMD) announced an Exploration Target estimate for the Niagara Bauxite Project of approximately 170 – 340Mt. The mapped presence of host rocks (Mesozoic mafic intrusives) considered favourable for the formation of bauxite. Shares are trading 50 per cent higher at 0.3 cents. LBT Innovations (ASX:LBT) has sold 5 of its APAS® Independence machines
Stocks of the Hour: Arrow Minerals, LBT Innovations, Castle Minerals Read More »
Chris Gosselin, CEO of Australian Fund Monitors, speaks to Nichols Chaplin, Director and Portfolio Manager at Seed Funds Management. Topics covered include: interest rates and inflation; US markets; volatility in equity markets; and bonds and hybrids.
The RBA’s August decision: Insights from Nick Chaplin of Seed Funds Management Read More »
At 11:40am, the S&P/ASX 200 is 0.2 per cent higher at 7,695.60. Michele Bullock’s calm and steady demeanor as a central banker is essential to mitigating market panic. She effectively reassured the market with the RBA’s statement and her thoughtful comments on the economy and interest rates. While she understands the delicate nature of market
ASX up 0.2% near noon: RBA says no rate cuts this year Read More »
