October 17, 2024

European markets closed higher on Thursday, after the European Central Bank (ECB) cut interest rates for the third time this year. The ECB lowered its key deposit rate by 25 basis points to 3.25%, as part of its ongoing effort to control inflation, which has eased significantly in recent months. This cut, widely anticipated by […]

As of mid-October 2024, US crude oil stockpiles have risen, with a recent increase of 10.2 million barrels reported during the week ending October 11. This surge in inventories brings total commercial crude oil stocks to approximately 420.5 million barrels, about 5% below the five-year average for this time of year. The unexpected build-up in

Elon Musk’s Starlink has scored a significant victory in India’s satellite spectrum allocation battle, raising the prospect of a price war with Mukesh Ambani’s Reliance Jio. The conflict centres around how India allocates satellite spectrum for broadband services. While Musk’s Starlink, along with other global players like Amazon’s Project Kuiper, supports an administrative allocation method,

Bailador Technology Investments Limited (ASX:BTI) has delivered a strong performance in FY24, posting a 9.2% post-tax portfolio return, with net profit before tax surging by 233% to $28 million. This growth was driven by substantial gains from key investments like SiteMinder, which alone contributed $36.3 million to the overall profit, alongside other portfolio successes such

De Grey Mining Limited (ASX:DEG) continues to advance its Hemi Gold Project, with significant milestones achieved in Q3 2024. The company reported that the Australian Government’s Northern Australia Infrastructure Facility (NAIF) has agreed to provide a $150 million loan to support the project, which is expected to form part of a broader $1 billion senior

Euro Manganese (ASX:EMN) has successfully completed a critical five-day continuous operation of its Chvaletice Manganese Project’s demonstration plant, surpassing its production target by 30%. The plant produced 172kg of high-purity electrolytic manganese metal (HPEMM), well above the goal of 132kg. This achievement marks a major step forward in Euro Manganese’s efforts to establish Europe’s only

Genesis Minerals (ASX:GMD) has reported a strong September 2024 quarter, hitting production targets and accelerating growth at its key operations. The company produced 36,020 ounces of gold at an all-in sustaining cost (AISC) of $2,628 per ounce, in line with the June quarter results. With the early restart of the Laverton mill in October, six

Perpetual Limited (ASX:PPT) has reported a solid first quarter for FY25, with Assets Under Management (AUM) rising by 3% to $222.3 billion, driven by market gains and net inflows, despite adverse currency impacts. The strongest growth came from the Pendal Asset Management division, which posted a 13.9% increase in AUM, largely due to a significant

Spartan Resources (ASX:SPR) has reported significant progress in its September 2024 quarterly update, driven by a major upgrade in resources at the Dalgaranga Gold Project. The updated Mineral Resource Estimate (MRE) showed a 47% increase in contained ounces, bringing the total to 2.48 million ounces at an impressive grade of 4.79g/t gold. This marks a

Shares of Nvidia reached a new all-time high on Monday, surpassing their previous peak from July. The stock gained 2.4%, closing at $138.07, pushing Nvidia’s market value to $3.39 trillion—within striking distance of Apple’s $3.5 trillion market-leading valuation. This rise comes as renewed optimism about a soft landing for the US economy fuels a resurgence