The Federal Reserve is set to cut interest rates by a quarter of a percentage point today, lowering the federal funds rate to a range between 3.75% and 4%. Markets see the move as a certainty. What’s uncertain is the message that follows. Nigel Green, CEO of global financial advisory giant deVere Group, says today’s […]
Will today’s Fed rate cut be last one until summer 2026? Read More »
Image Resources NL (ASX:IMA), a mineral sands focused miner and supplier of critical minerals such as titanium dioxide, zircon, and monazite, has revised its market guidance for heavy mineral concentrate (HMC) sales for calendar year 2025. The company now anticipates sales of 150-170k dry metric tonnes (DMT), a reduction from the previous estimate of 165-185k
Image Resources Adjusts HMC Sales Guidance, Extends Prepayment Facility Repayment Read More »
Transgrid, the owner of New South Wales’ high-voltage power grid, has signed a contract with GE Vernova to supply synchronous condensers. Transgrid is responsible for operating and maintaining the state’s electricity transmission network. The company plays a crucial role in connecting generators, distributors, and major end-users, ensuring a reliable power supply across NSW. The contract,
Transgrid Secures Key Grid Stabilisation Contract Read More »
Tribune Resources Ltd (ASX: TBR), a company engaged in gold exploration, development and production, today announced its quarterly report for the period ending September 2025. A key highlight was the processing of 78,296 tonnes of ore at 2.89 g/t from the East Kundana Joint Venture (EKJV) operations, in partnership with Evolution Mining Limited at the
Tribune Resources (ASX: TBR) Reports Strong Gold Production in September Quarter Read More »
Woolworths Group’s September quarter results indicate muted growth, with first-quarter sales reaching $18.48 billion. While this figure slightly surpassed RBC Capital Markets’ estimates, it fell short of consensus expectations. According to RBC Capital Markets analyst Michael Toner, Australian food comparable sales increased by 1.6 per cent, exceeding RBC’s forecast of 1.5 per cent but trailing
Woolworths’ Sales Growth Muted in First Quarter Read More »
The Australian dollar surged to a four-week peak of US66.07¢ following a surprisingly high quarterly inflation report. The robust data led bond traders to significantly reduce their expectations of further interest rate cuts this year. Current market pricing indicates only a slim 4 per cent probability of an easing at the upcoming Reserve Bank policy
Aussie Dollar Soars After Inflation Data Read More »
ASX executive Clive Triance, who leads the securities and payments division, will depart the company in June. This marks the fifth executive change within the market operator in the last 18 months. The Australian Securities Exchange (ASX) operates as a market operator, clearing house, and payments system facilitator. It provides listing, trading, clearing, and settlement
ASX Executive Clive Triance Announces Departure Read More »
Westpac’s chief economist, Luci Ellis, has indicated that the higher-than-expected September quarterly inflation figures will likely cause the Reserve Bank of Australia to hold interest rates steady in the upcoming meeting. This decision delays the prospect of rate reductions, potentially pushing them further into next year, or even 2025. Westpac is one of Australia’s largest
Westpac Shifts Rate Cut Expectations to 2025 Read More »
Data#3 shares experienced a surge of 5.8 per cent in morning trade following an updated profit guidance. According to Morgans analyst Nick Harris, Data#3 has projected a first-half profit before tax of $32 to $34 million. This figure modestly surpasses analyst forecasts, with the midpoint reflecting a 1 per cent increase compared to the previous
Data#3 Shares Jump on Profit Guidance Read More »
Australian shares dropped following the release of higher-than-expected CPI figures. Core inflation edged up to 1 per cent in the third quarter, surpassing forecasts. Meanwhile, several of the nation’s largest construction firms, including Hutchies, Richard Crookes, BuildCorp, and Kane, have reported improved full-year earnings, signalling a return to pre-downturn profit levels. In retail news, Woolworths
Inflation Ticks Up, Retail Sales Lag Read More »
