Shareholders in Suncorp (ASX:SUN) will soon vote on a massive multi-million dollar pre-Christmas present—the sale of their bank to ANZ for $4.9 billion. However, the proceeds won’t be distributed until the New Year. At the same time, the bank’s board has decided to reduce the size of the bank’s issued capital to accommodate the expected […]
Suncorp shareholders to vote on $4.9 billion bank sale proceeds Read More »
To register for Friday’s webinar click here. Javelin Minerals (ASX:JAV) has announced that exploration program on the brownfields Coogee Gold- Copper Project is scheduled to start in the December quarter, with a combination of Aircore, RC and Diamond drilling. The initial ~2,500m program will tests several compelling targets at Coogee proximal to the mined Coogee
Stocks of the Hour: Javelin Minerals, Bindi Metals, GreenTech Metals Read More »
The boosters got what they wanted from the Fed — a half a per cent rate cut straight up — and they could get another half a per cent by the end of 2024. However, this could turn out to be something the rate cut bulls didn’t want to see so quickly. This caused both
Fed kicks off rate-cut cycle with bold half-per cent reduction Read More »
Equities jumped, then sagged, as did gold, as the seismometer of economic uncertainty played it safe following the Fed’s surprise half-per-cent cut in its Federal Funds Rate. Like a dog that catches a car and then wonders what to do with it, rate-cut bulls who had confidently forecast a 50-point cut from the Fed looked
Rate cut bull’s dilemma: What’s next? Read More »
US stocks experienced a volatile trading session overnight, ultimately closing lower despite an unexpected half-percentage-point interest rate cut by the Federal Reserve. While the rate cut initially buoyed market sentiment, concerns about the potential for economic weakness tempered enthusiasm. The Dow Jones Industrial Average declined by 103.08 points, or 0.25 per cent, to finish the
Dow and S&P 500 retreat despite Fed’s 0.5% rate cut Read More »
Being the world’s largest and fastest-growing market, it’s natural that the daily news flow from China dominates globally. However, the news that Mercedes has abandoned the Chinese EV market is significant. It was revealed on Tuesday, on a Chinese data website, that Mercedes-Benz Group had sold its remaining 10% stake in premium EV and hybrid
BYD acquires Mercedes’ stake in Denza Read More »
Global major Barrick Gold has revealed ambitious plans to boost gold output by 30% by the end of the decade, along with a significant (if belated) increase in its copper production. From what CEO Mark Bristow told the annual Denver Gold Forum this week, Barrick expects gold-equivalent ounces to rise by nearly a third from
Barrick Gold aims for 30% gold output increase by 2030 Read More »
Very different news has emerged from two of New Zealand’s dairy majors, Synlait (ASX:SM1) and Fonterra (ASX:FSF). Fonterra, the largest dairy group in the world, has announced its third expansion project in the past month, bringing the total investment to nearly NZ$400 million. Yesterday, Fonterra revealed plans to spend NZ$150 million on a massive new
Fonterra expands with NZ$150 million cold storage facility amid strategic growth Read More »
Companies discussed include:Aristocrat Leisure Limited (ASX:ALL)Premier Investments Limited (ASX:PMV)Newmont Corporation Limited (ASX:NEM)
Analysis of Aristocrat Leisure, Premier Investments and Newmont Corporation Read More »
To register for Friday’s webinar click here. BPM Minerals (ASX:BPM) announced a high-grade gold discovery at the Claw Gold Project, WA. This includes 30m @ 1.84 g/t Gold from 25 metres including 5m @7.12 g/t Au from 35m. Titan Minerals (ASX:TTM) and Hanrine have entered into a joint venture and earn-in agreement. Hanrine will invest
Stocks of the Hour: BPM Minerals, Titan Minerals, Cauldron Energy Read More »
