Iron ore prices have crashed to their lowest level in two years, driven by the ongoing crisis in China’s property sector, which has severely weakened steel demand. This sharp decline is posing a significant threat to the earnings of the world’s largest mining companies. The price of iron ore has tumbled by more than a […]
Iron ore prices plummet amid China’s property crisis Read More »
Global semiconductor developer BluGlass (ASX:BLG) is set to host Australia’s premier semiconductor industry conference, Semiconductor Australia 2024. In partnership with the Semiconductor Sector Service Bureau (S3B) and ShareCafe, the one-day event will take place on 24 October in Sydney. The conference aims to position Australia as a global leader in semiconductor, quantum and photonics technology.
BluGlass to host premier semiconductor conference Read More »
To register for Friday’s webinar click here. Euro Manganese (ASX:EMN) has announced an offtake term sheet with Wildcat Discovery Technologies for the sale of high-purity manganese product from the Company’s Chvaletice Manganese Project in the Czech Republic. Pursuant to the Term sheet, deliveries are to commence from first production, for an initial term of seven
Stocks of the Hour: Euro Manganese, Mithril Resources, Control Bionics Read More »
At 11:40am, the S&P/ASX 200 is 0.07 per cent lower at 7,965.9, the Australian share market opened lower, influenced by a decline in consumer staples stocks. Investors reacted to a wave of company earnings released on Monday. A2 Milk experienced a significant fall due to challenges in the Chinese market and forecast reduced growth. Reece
ASX down 0.07% near noon: Consumer Staples is worst performing sector Read More »
GWA Group (ASX:GWA), a leading provider of water solutions products and systems to households and commercial premises, has announced a strong financial performance for the year ended 30 June 2024, despite challenging market conditions. The company reported a 3.4% increase in normalised net profit after tax to $45.6 million, driven by disciplined execution of its
GWA beats market challenges Read More »
Gold prices surged on Friday, notching their 28th all-time settlement high for the year so far, with the precious metal finding new support. Some analysts attempted to explain the surge—especially on Friday—as investors seeking a safe haven. However, the way equity markets have traded higher makes that view seem illogical. If anything, it appears to
Gold prices soar above $2,500 an ounce Read More »
Oil prices mixed by the end of last week, with US crude types lagging a bit while Brent was slightly stronger. This shift occurred despite the ongoing disagreement between OPEC and the International Energy Agency (IEA) regarding demand strength over the next few months. OPEC and its allies, led by Russia in the OPEC+ group,
OPEC vs. IEA: Divergent views on future oil demand Read More »
Kiwi casino operator SkyCity Entertainment (ASX:SKC) has warned of an estimated $86.2 million impairment charge on its Adelaide operation. The company has also increased its debt capacity to weather what it expects to be a tough year ahead. The company attributed the impairment to the impact of new mandatory card play rules at the casino
SkyCity faces $86m write-down Read More »
Now there are three American megacaps back in the over $3 trillion club on Wall Street, thanks to last week’s rebound, particularly in Nvidia shares. Apple leads with its value up 4.6% to $3.44 trillion. Microsoft has recovered, moving away from the edge of the $3 trillion mark to end the week up 2.8% at
Wall Street’s $3 trillion trio Read More »
Two weeks after Japanese stock markets fell sharply following the Bank of Japan’s rate rise, the tremors have subsided, as Japan’s Nikkei index enjoyed its second strongest day of trading in 2024. On August 5, the Nikkei ended with a 12% slump—down from an earlier 17% decline—amidst panic and mayhem. It was only the soothing
Japan’s Nikkei bounces back Read More »
