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The Reserve Bank of Australia recently released its latest minutes regarding the cash rate decision. During the meeting, members contemplated increasing the cash rate target by 25 basis points but ultimately chose to keep rates unchanged for the fourth consecutive time. They noted that the labor market had undergone a significant change and that economic […]

Despite a surge in petrol prices, New Zealand’s consumer price inflation sharply slowed in the September quarter, effectively dispelling market speculation about the central bank’s need to raise interest rates again. Expectations had suggested that higher fuel costs would drive consumer prices above the 6% annual rate recorded in the June quarter, possibly prompting the

Magellan Minutes is designed to provide you with concise, relevant and digestible talking points on global markets, in a video that is around 10 minutes. Join Adrian Lu as he provides insights into the developments and opportunities in Artificial Intelligence (AI). The frontrunners in this space and the challenges and future growth of this sector.

In a strategic move that underscores Canada’s commitment to electrifying its automotive landscape, Umicore Rechargeable Battery Materials Canada Inc. has inked a monumental deal with the Governments of Canada and Ontario. The Belgian circular materials technology behemoth is set to establish a cutting-edge manufacturing plant in Loyalist Township, Ontario. This ambitious venture will see the

Major Wall Street banks are anticipating a significant decline in the euro, with expectations that it could reach parity with the US dollar. This forecast comes as geopolitical tensions in the Middle East threaten to increase Europe’s imported energy costs, and concerns over higher borrowing costs weigh on the eurozone’s economic prospects. Leading financial institutions,

Newcrest Mining’s (ASX:NCM) final quarterly report as an independent company has revealed a disappointing three-month period, with gold and copper production declining due to maintenance work and lower grades at some mines. The quarterly report was released during the final days of Newcrest’s independence before its acquisition by Newmont in the $A26 billion all-paper takeover

Stocks closed higher Monday as earnings season heats up this week. Eleven per cent of the S&P 500 slated to report results. Some notable names on deck this week include Johnson & Johnson, Bank of America, Netflix and Tesla. Those results follow a solid start to the reporting period. Brokerage Charles Schwab rallied more than

17 Oct 2023 – Stocks closed higher Monday as earnings season heats up this week. Eleven per cent of the S&P 500 slated to report results. Some notable names on deck this week include Johnson & Johnson, Bank of America, Netflix and Tesla.

Treasury Wine Estates (ASX:TWE) appears confident that it can soon resolve its wine tariff issues in the once-thriving Chinese market. As a precautionary measure, the company is increasing its stock of its best-selling and most profitable brand in anticipation of a potential resolution in the coming months. The penalty tariffs imposed by the Chinese government