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Boeing has suffered a major setback in its largest international market after China reportedly ordered its airlines to halt deliveries of the US planemaker’s jets, escalating trade tensions between Washington and Beijing.   The move comes days after China raised retaliatory tariffs on US imports to 125%, following President Donald Trump’s latest round of tariffs […]

Citigroup and Bank of America have reported stronger-than-expected first-quarter results, lifting bank shares despite mounting economic uncertainty linked to new tariffs and policy risks. Bank of America shares rose 4.4% and Citigroup gained 3.4% after both lenders beat Wall Street expectations on the back of robust trading activity, resilient consumer spending, and stable credit quality.

The global IPO market is showing strong signs of recovery, with Q4 2024 seeing a substantial increase in activity. According to S&P Global Market Intelligence data, the quarter recorded 382 IPOs, the highest level in over a year, signaling a rebound after a slowdown in 2022 and 2023. The aggregate offering amount for these IPOs

The Western Australian Government has partnered with General Dynamics Mission Systems to strengthen the state’s defence industry and bolster its economy. This memorandum of understanding aims to integrate local businesses into the Virginia-class submarine supply chain, enhancing workforce skills and knowledge. The Australian Government’s significant investment of over $10 billion in the Henderson Defence Precinct,

Variscan Mines (ASX:VAR) has significantly increased its landholding at the Novales-Udias Project in Spain, now totaling 111.1km², after securing two new licenses. The Ana Isabel and Hipólita licenses, granted by the Government of Cantabria, are valid for three years with a possible three-year extension upon compliance. CEO Stewart Dickson emphasizes the company’s strategy to develop

Accelerate Resources (ASX:AX8) has announced the identification of three new high-impact gold targets at its Kanowna East gold project, recently acquired near Kalgoorlie in Western Australia. This development follows advanced geological re-interpretation and data analysis of fieldwork completed in February. The company is now pursuing regulatory approvals and a heritage survey in preparation for a

Savannah Goldfields Limited (ASX:SVG) has announced the appointment of Brad Sampson as its new Chief Executive Officer, effective immediately. Sampson brings over 30 years of international mining experience to the role, including previous CEO positions at ASX-listed Discovery Metals Ltd and Kore Potash Ltd. He also held senior executive roles at Newcrest Mining Ltd. His

The Trump administration appeared to continue its piecemeal retreat from parts of its tariff war, facing market volatility and economic warnings. Trump is now exploring possible temporary exemptions to tariffs on imported vehicles and parts, aiming to give auto companies more time to set up US manufacturing. These levies had threatened to raise prices for

Goldman Sachs is advising investors to consider a strategy of holding long positions in gold and short positions in oil as a hedge against a potential global recession spurred by US tariff policies. Daan Struyven, co-head of global commodities research at Goldman Sachs, maintains a structurally bullish outlook on gold, emphasizing its potential to mitigate

Askari Metals (ASX:AS2) has announced the identification of high-grade tin and tantalum mineralisation at its Uis project in Namibia. A review of historical data, coupled with targeted exploration, revealed exceptionally high grades, including 3.17% tin oxide and 5,226 parts per million tantalum. Mapping and rock chip sampling at the Kestrel pegmatite target further confirmed this,