April 28, 2025

Tensions between the United States and China escalated on Monday as Chinese officials issued their third denial in five days that any tariff negotiations were taking place, directly contradicting repeated claims from President Donald Trump and senior U.S. officials that talks were ongoing. At a press conference, Chinese Foreign Ministry spokesman Guo Jiakun stated plainly, […]

Wall Street posted modest gains on Monday as investors braced for a crucial week packed with Big Tech earnings, economic indicators, and further developments on global trade.   The S&P 500 rose by 0.06% to close at 5,528.75, marking its fifth consecutive winning day. The Dow Jones Industrial Average added 114 points, or 0.28%, to

Temu shoppers in the United States are facing sharp price hikes as the Chinese e-commerce platform adds hefty “import charges” in response to new tariffs imposed by President Donald Trump’s administration. The once-ultra-cheap marketplace, popular for offering goods at rock-bottom prices, has begun levying surcharges of around 145% on many orders, more than doubling the

The Australian Securities Exchange (ASX) experienced a rally, buoyed by positive sentiment stemming from China’s hinted economic stimulus and a surge in tech stocks. This upward trend mirrors gains observed in US and European markets. However, not all news was positive. Telix Pharmaceuticals faced a setback with the US Food & Drug Administration (FDA) rejecting

The Western Australian Government is allocating $11.2 million through the Exploration Incentive Scheme (EIS) to support 23 ASX-listed explorers. The funding is divided across three EIS programs: co-funded drilling ($7.8 million), energy analysis ($200,000), and co-funded geophysics ($3.2 million). A significant portion of the drilling funds, approximately 50%, will target critical minerals, while 75% of

Dalaroo Metals Ltd (ASX: DAL) announced the immediate resignation of Mr. Michael Brown from his position as Managing Director and Chief Executive Officer, effective as of today’s announcement. The company has initiated a search for a new CEO to steer the company forward. In the interim period, the Board of Directors and Company Secretary will

Shares in British food delivery company Deliveroo soared on Monday, reaching their highest level in over three years, after the company confirmed it had received a takeover approach from US delivery giant DoorDash.   Deliveroo disclosed in an announcement after market close on Friday that it had received an indicative proposal from DoorDash on 5

IBM (NYSE: IBM) announced on Monday a major five-year investment plan worth $150 billion aimed at strengthening U.S. innovation, manufacturing, and technology leadership. The commitment includes more than $30 billion dedicated to advancing American manufacturing of the company’s mainframe and quantum computers. The announcement reaffirms IBM’s longstanding focus on U.S. jobs and manufacturing, a legacy

The Minerals Council of Australia (MCA) is urging major parties in the Australian election to commit to a definitive strategy for critical mineral exploration and sector expansion. MCA CEO Tania Constable questioned the efficacy of the proposed Critical Minerals Strategic Reserve, emphasizing the need to focus on core fundamentals to bolster Australia’s mining competitiveness. These

Western Mines Group (ASX:WMG) has been awarded two Exploration Incentive Scheme (EIS) grants totaling $440,000 by the Western Australian Government. The funds will support further drilling at the Mulga Tank Project, which is prospective for nickel, cobalt, copper, and platinum group elements. Specifically, $220,000 will co-fund 50% of direct drilling costs for a deep exploration