In October, some markets experienced positive gains, but the story was quite different for key commodities, including major ones. Oil and copper faced harsh realities, and despite gold briefly surpassing $2,000 per ounce, it quickly retreated. Iron ore and coking coal held up for Australian exporters, but thermal coal prices hit their lowest point since […]
Mixed results for markets and commodities in October Read More »
BHP (ASX:BHP) has increased the value of its massive Jansen potash project to over $23.5 billion, with the approval of Stage 2 in Saskatchewan, Canada. This stage will cost approximately $4.9 billion, following BHP’s previous approval of $5.7 billion for Stage 1 and a pre-Jansen Stage 1 investment of $4.5 billion in August 2021. The
BHP approves $23.5 billion investment for Jansen Potash Project in Canada Read More »
According to the latest data from the World Gold Council (WGC), central banks, led by China, reduced their gold purchases in the three months to September but appear to be on track for another near-record performance in 2023. The WGC estimated that the overall official sector buying amounted to 337 tonnes for the three months,
Central Banks revive gold appetite, September quarter falls short of 2022 peak Read More »
01 Nov 2023 – Stocks edged higher on Tuesday, as Wall Street closed out a tough month of trading. Stocks posted their third-straight losing month. The Dow and the S&P 500 fell 1.4% and 2.2%, respectively.
S&P500 climbs ahead of Fed rates decision Read More »
Stocks edged higher on Tuesday, as Wall Street closed out a tough month of trading. Stocks posted their third-straight losing month. The Dow and the S&P 500 fell 1.4 per cent and 2.2 per cent, respectively. This marks the first three-month losing streak for both indexes since March 2020. The tech-heavy Nasdaq declined 2.8 per
S&P500 climbs ahead of Fed rates decision Read More »
Australia has a major opportunity to contribute to the growing demand for critical minerals by strengthening global supply chains and increasing collaboration at a strategic national level, a panel of international experts has told the opening session of IMARC 2023. Panellists including leading industry experts from China’s mineral sector and senior United States Department of
China and US highlight critical minerals collaboration with Australia is key to future Read More »
IFS, the global cloud technology provider, will lead a panel discussion at the International Mining and Resources Conference (IMARC) today, focusing on harnessing cutting-edge technology to transform mining operations and achieve sustainability and ESG targets, especially achieving Net-Zero Emissions (NZE) in a changing regulatory environment. Joining the conversation alongside IFS Enterprise Asset Management Evangelist Bas
IFS spotlights mining’s ESG evolution Read More »
On Tuesday, the Australian sharemarket experienced a modest increase, driven by a rally in consumer staples and real estate stocks. At the closing bell, the S&P/ASX 200 was 0.12 per cent higher at 6,780.70. Futures The Dow Jones futures are pointing to a fall of -67 points. The S&P 500 futures are pointing to a
ASX closes 0.12% higher as Consumer Staples outperforms Read More »
A week ago, Standard Chartered Bank revealed a slide in quarterly earnings due to write-downs in the value of its Chinese property and banking investments, amounting to nearly $1 billion. Yesterday, its UK-based rival, HSBC, reported a massive 235% surge in earnings for the September quarter, despite a half-billion-dollar write-down on its Chinese property dealings.
HSBC reports 235% surge in Q3 earnings despite Chinese property write-downs Read More »
Australians appear to have rekindled their taste for chicken, possibly due to the prolonged high prices of red meat, as consumers face mounting living expenses. As people increasingly opt for home-cooked meals and cost-cutting measures, they turn to more affordable protein sources and fresh produce. This shift in consumer behavior bodes well for the country’s
Aussies’ rekindled love for chicken amid soaring red meat prices Read More »
