October 2024

Australia’s miners have given up some of the significant gains they made in recent sessions, as the ASX pulls back from a record high in the first trading day of the December quarter. Near noon, the materials are down 2.11 per cent after posting a 10 per cent gain in September, fueled by renewed stimulus […]

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices. Key points:CoreLogic data shows that monthly average home price growth remained moderate at 0.4%mom in September, with previous months revised down.The pace of gains remains highly diverse ranging from falls in Melbourne, Hobart and Canberra, only very weak growth in

It’s back to the Land of the Long White Cow—sorry, Cloud—for the world’s biggest dairy group, Fonterra, which has just revealed a New Zealand-first strategy for the coming years. The giant has already proposed asset sales in Australia and Sri Lanka, following its exit from markets like China—where significant losses prompted the move—and Chile. Fonterra

In a potential blow for the African-focused gold group Perseus Mining, its newly acquired gold mining prospect in Tanzania faces an obstacle from a new rule that could see a 20% cut in free market sales of the precious metal. There will be no room for negotiation because the new rule comes into force tomorrow,

Chile’s Sociedad Química y Minera de Chile (SQM), the world’s second-largest lithium miner after Albemarle, is looking to spin off its foreign lithium and other assets into a separate company with foreign investor participation. This move will effectively marginalize foreign assets—mostly in Australia—as SQM moves closer to being state-directed in the coming years, following the

The end-of-month activity surveys for Chinese manufacturing produced slightly different outcomes for September. However, they were issued on Monday—nearly a week after China began releasing a series of stimulus measures, making the results of the two surveys—private and official—somewhat outdated. Investors largely ignored the survey outcomes, refocusing their attention on the stimulus measures, especially the

Hazer Group Limited (ASX:HZR) CEO Glenn Corrie provides an update on the company, discussing IP protection and moving into commercialisation. Peter Milios: I’m Peter Milios from the Finance News Network, and today I’m talking with Hazer Group (ASX:HZR). Hazer Group is trading under the ASX code “HZR” and has a market capitalisation of approximately $68m.