Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the RBA meeting. Key points:At its September meeting the RBA left the cash rate on hold at 4.35% as widely expected, leaving it unchanged for 10 months now.The RBA reiterated that it is “not ruling anything in or out”, but its statement […]
The Reserve Bank left rates on hold for another month and maintained its anti-inflation stance at its latest meeting on Monday and Tuesday. It was the seventh meeting in a row that the central bank has held rates steady, keeping the cash rate at 4.35%, while continuing to emphasise its commitment to fighting inflation. The
RBA leaves rates unchanged at 4.35% Read More »
To register for Friday’s webinar click here. Element 25 (ASX:E25; OTCQX: ELMTF) has announced that their high-purity manganese project selected for US$166M grant under US DOE grant program. This funding will support the construction of its proposed battery-grade high-purity manganese sulphate monohydrate (HPMSM) facility in Louisiana, USA. Shares are trading 113.95 per cent higher 46
Stocks of the Hour: Element 25, American Rare Earths, Stelar Metals Read More »
Australian shares opened modestly higher but is trading lower near noon, tracking a positive finish in New York as investors assessed comments from several US policymakers regarding the interest rate outlook. At 11:45am, the S&P/ASX 200 is 0.14 per cent lower at 8,141.40. Overnight, US markets saw the Dow Jones rise by 0.2 per cent,
ASX down 0.14% near noon: Investors await RBA decision Read More »
Somehow, News Corp’s 61% subsidiary, REA Group (ASX:REA), doesn’t quite understand that takeover targets are under no obligation to engage with an indicative bidder. They can simply close the door, hang up the phone, or ignore emails if they don’t wish to engage. REA’s reaction to being continuously ignored by Rightmove, its UK property listings
REA’s misunderstanding of takeover dynamics Read More »
Mining giant South32 (ASX:S32) has become another Australian company to receive a renewable industry grant from the US Government. It joins the likes of Lynas Rare Earths in receiving funding from the government, either under its Inflation Reduction Act or from special funds managed by the Department of Defense or the Department of Energy. On
South32 secures US government grant for manganese project Read More »
The S&P 500 reached a new all-time closing high on Monday, extending last week’s momentum following the Federal Reserve’s recent interest rate cut. The broad market index rose 0.28 per cent, finishing at 5,718.57, while the Dow Jones Industrial Average gained 61.29 points, or 0.15 per cent, to close at a record 42,124.65. The Nasdaq
Record close for S&P 500 and Dow Jones amid positive economic sentiment Read More »
Rob Hattersley, Group Head of Capital at MaxCap Group, provides an overview of the company, discussing the funding gap in the Australian credit market, managing risk, the tailwinds for commercial real estate debt, and opportunities within the residential and logistics property markets. Peter Milios: I’m Peter Milios from the Finance News Network, and today we
How very un-European! Italy’s UniCredit banking group has been stalking Germany’s second-largest bank, Commerzbank, and getting nowhere, with Germany Inc. starting to circle the wagons—led by the country’s biggest bank, Deutsche Bank. It was revealed on Monday that UniCredit had increased its stake in Commerzbank from about 9% to 21%, a move that could kick-start
UniCredit escalates pursuit of Commerzbank with increased stake Read More »
Coles (ASX:COL) and Woolworths (ASX:WOW) shares fell by more than 3% yesterday following the ACCC’s bombshell announcement of legal action against the supermarket giants, alleging they misled customers through their discount offers. Woolworths’ shares were down 3.9% at one stage, and Coles’ shares dropped by more than 3.2%. Wesfarmers, another retail giant (owner of Bunnings
Coles and Woolworths shares plunge amid ACCC misleading pricing allegations Read More »
