In August, Chinese investors recorded their highest selling activity of US bonds and stocks in four years, amounting to $21.2 billion, with a focus on treasuries and equities, as per data from the US Department of the Treasury. Additionally, Japanese investors have also been selling US securities, driven by the weakening yen and the strategy […]
ASX down 1.11% at noon: Chinese investors dump US bonds Read More »
In the September quarter, Rio Tinto (ASX:RIO) once again secured its position as the world’s largest iron ore shipper. Meanwhile, Vale, its Brazilian rival, reclaimed its title as the largest miner for the three-month period. While Vale’s production increased, a significant portion of it was directed towards its pellet business, causing its ore exports to
Rio Tinto retains top spot in iron ore shipments Read More »
With Newcrest Mining (ASX:NCM) set to be acquired by Newmont in the coming weeks, Evolution Mining (ASX:EVN)and Northern Star (ASX:NST) emerge as the remaining local majors, gaining increasing attention from investors seeking direct exposure to gold and copper. This shift follows Newmont’s plan to issue and list CDIs on the ASX to replace Newcrest shares.
Mining giants Evolution and Northern Star shine in early 2023-24 financial results Read More »
According to media reports this morning, Liontown Resources (ASX:LTR) is in some trouble with funding, as evidenced by discussions of “emergency” equity and debt raises. The Australian Financial Review reported today that “UBS began wall crossing fund managers for lithium developer Liontown Resources’ emergency capital raising on Wednesday evening, seeking $400 million from equity capital
Liontown Resources faces funding challenges amidst emergency capital raising Read More »
The Australian Competition and Consumer Commission (ACCC) has scored a significant victory over Qantas (ASX:QAN) as the airline called off its $611 million takeover of the smaller rival fly-in, fly-out operator, Alliance Aviation Services. Qantas and Alliance had initially announced the deal in May 2022, following Qantas’s acquisition of a nearly 20% stake in Alliance
ACCC wins battle as Qantas cancels $611 million takeover Read More »
US 10-year bond yields came within a hair’s breadth of breaching the 5% level on Thursday, and gold futures prices moved closer to the $2,000 level after Fed Chair Jay Powell again underlined that the central bank would be “resolute” in its commitment to the 2% inflation target. In a widely anticipated speech, the Fed
US bond yields near 5%, gold nears $2,000 amid Fed inflation commitment Read More »
20 Oct 2023 – Stocks slid on Thursday as Wall Street parsed commentary from Federal Reserve Chair Jerome Powell while monitoring a key milestone for a closely followed bond yield.
US stocks slide following comments from Fed Chair Jay Powell Read More »
Liontown Resources (ASX:LTR) has secured a $1.13 billion funding package to complete its flagship Kathleen Valley lithium project, following the collapse of a $6.6 billion deal with Albemarle, the world’s largest lithium group this week. Liontown announced on Thursday after trading had ended that the new funds would come via a debt financing package and
Liontown Resources secures $1.13 billion funding for Kathleen Valley lithium project Read More »
Stocks slid on Thursday as Wall Street parsed commentary from Federal Reserve Chair Jerome Powell while monitoring a key milestone for a closely followed bond yield. Powell noted that inflation was still too high and would likely require lower economic growth, while also noting recent data showed progress toward slowing prices. He also said that
US stocks slide following comments from Fed Chair Jay Powell Read More »
Australia’s benchmark index had its worst one-day performance in four weeks on Thursday. This decline was attributed to rising tensions in the Middle East and an unexpected drop in the jobless rate for September, which raised concerns among investors. At the closing bell, the S&P/ASX 200 was 1.36 per cent lower at 6,981.60. Futures The
ASX closes 1.36% lower to its worst day in 4 weeks Read More »
