October 2024

China demonstrated on Tuesday how to deflate an overzealous rally from both local and foreign investors who had tossed good sense aside over the weekend and Monday. Having built up expectations for a significant spending stimulus announcement, global banks like Goldman Sachs and Citi issued various optimistic notes during the weekend and on Monday—only to […]

Economists at the National Australia Bank are not fully convinced by the rebound in commodity prices over the past fortnight since China announced a series of seemingly coordinated stimulus measures aimed at helping its struggling economy. In their quarterly update on the outlook for commodities, they stated that “recent commodity price increases are closer to

The Federal Court has confirmed $100m in penalties over the so-called “ghost flights” scandal. The court ordered Qantas (ASX:QAN) to pay the penalties for misleading consumers by offering and selling tickets for flights it had already decided to cancel, and by failing to promptly tell existing ticket-holders of its decision. These penalties were imposed after

According to the latest monthly business survey from the National Australia Bank, the pace of economic activity improved in September, setting up what could be an improving end to the year. The improvement last month seems to have provided a late spurt to what looked like earlier on to be a tough quarter. The NAB

WA gold miner Capricorn Metals (ASX:CMM) saw a sharp drop in quarterly production at its Karlawindi gold project in WA as it set up mining operations for the new quarter. Capricorn said gold production dipped by just on 5 per cent to 25,559 ounces in the three months to September, from 26,835 ounces in the

Shares in gold miner West African Resources (ASX:WAF) jumped more than 10 per cent at one stage on Tuesday after it said its Burkina Faso mine would not be hit by a change in mining laws that emerged over the weekend. At the same time, the company said in a separate statement that it is

Chris Gosselin, CEO of Australian Fund Monitors, interviews Benjamin Harrison, Co-Founder and Chief Investment Officer at Altor Capital. Benjamin discusses the company’s AltFi Income Fund, which has achieved a six-year average return of 12%. Benjamin explains the company’s unusual approach as active credit managers, providing loans to growth-stage businesses while also being actively involved in

A surge in mining stocks has propelled the Australian sharemarket upward as investors anticipate a key announcement regarding additional stimulus from China. At 11:30am, the S&P/ASX 200 is 0.15 per cent higher at 8,217.20, despite starting the day in negative territory after a sluggish performance on Wall Street. BHP, a major player in the index,

Taruga Minerals (ASX:TAR) has announced its license applications (E08/3733 and E08/3734) in the highly prospective Gascoyne province of Western Australia. The Uaroo West and Uaroo East projects have both been subject to sporadic, small high-grade production. Shares are trading 10 per cent higher at 1.1 cents. Vulcan Energy Resources (ASX:VUL) is progressing in securing debt

China is limbering up for a massive trade counterattack against the EU after its thriving electric vehicle market took a brutal hit following the European Union’s decision to impose substantial additional taxes on all EVs made in China. China stated after the announcement that it “firmly opposed” the “protectionist” decision. It has already launched retaliatory