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Higher-than-expected inflation will take at least 12 months to approach the Reserve Bank of Australia’s (RBA) target, raising doubts about Treasurer Jim Chalmers’ optimistic forecast and complicating prospects for interest rate relief before the next federal election. A quarterly survey by The Australian Financial Review, polling 38 economists, reveals that the median expectation for underlying […]

Nvidia has emerged as a standout performer in the financial markets during the first half of 2024, with its stock soaring by an impressive 150%. This surge has notably outpaced the S&P 500 index, which saw a more modest 15% increase over the same period, according to a report by the Wall Street Journal. Examining

In a pivotal move for environmental conservation, a ban on Heavy Fuel Oil (HFO) has been implemented in Arctic waters, aiming to mitigate its profound ecological impact. HFO, a thick and economical fuel favored by many shipping vessels, is notorious for emitting significant amounts of black carbon, accelerating the melting of Arctic ice and snow.

On Monday, the Australian sharemarket initially declined slightly with the S&P/ASX 200 Index closing down 0.2% at 7750.7 points, as seven sectors recorded losses. The market recovered, driven by a surge in coal stocks following the suspension of Anglo American’s Queensland mine, boosting Coronado Global Resources by 8.9%, Whitehaven Coal by 6.3%, and Stanmore Resources

America’s eight banking giants revealed their capital management plans late Friday after the US Federal Reserve had cleared them in the latest stress test of the health of the country’s financial system. Higher dividends and buybacks were announced after the 4 pm close on Friday for Wall Street, as per a directive from the Fed.

Australia’s export earnings from natural resources dropped by roughly 10% over 2023-24 and are forecast to fall further in the coming year, according to the June quarter Resource and Energy Quarterly, released on Monday. Lower prices for iron ore and coal, as well as some renewables, will be the culprits, along with expectations for a

  CoreLogic data showed national average home prices rose 8% over 2023-24, up from a 2% fall in 2022-23.However, trend monthly growth has slowed from the highs seen mid last year with prices up 0.7% in June.And the pace of gains was highly diverse ranging from a small fall in Hobart to booming conditions in

Are the growing number of rare earth projects in Australia and elsewhere starting to force China onto the back foot? The likes of Lynas (and its expanded product line from 2025), Iluka, Northern Minerals, and Arafura (Nolans) are starting to be felt globally, along with projects in the US, Canada, southern Africa, Sweden, and Norway.

The Australian sharemarket opened lower due to anticipation surrounding elections in the UK and France, amidst ongoing global uncertainty. At 11:35am, the S&P/ASX 200 is 0.29 per cent lower at 7,745, with technology stocks, notably WiseTech, declining by 1.9% and 4% respectively. Investors are also monitoring upcoming French elections, while domestic focus shifts to upcoming

Wellard (ASX:WLD) has signed a binding contract to sell its oldest livestock vessel, the M/V Ocean Ute, for approx. A$18.1 million in cash. The Wellard Board intends to return the majority of the net sales proceeds to shareholders and it is currently considering the available options of doing so. Shares are trading 70.59 per cent