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Stocks of the Hour: Next Science, Talon Energy, Syrah Resources

Next Science (ASX:NXS) has released the findings of a pilot study for their advanced surgical irrigation solution, XPERIENCE™, which demonstrated 54 per cent lower inflammation within 14 days compared to the common reference standard. In response, leading surgeon Dr. Andrew B. Wickline commented, “The results of the study are extremely pleasing as it appears we […]

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ASX up 0.2% as oil reaches highest level since April

Oil prices steadied in Asia, having reached their highest level since mid-April due to concerns about the Ukraine-Russia conflict escalation, while awaiting US crude stockpile data. West Texas Intermediate hovered around $83 per barrel following a 1.2% increase on Tuesday, with reports of a possible 4.07 million barrel expansion in inventories, potentially the first gain

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CBA announces record dividend of $2.40 per share amidst stellar financial performance

In an impressive display of financial prowess, the Commonwealth Bank (ASX:CBA) has revealed a remarkable achievement that is certain to delight its shareholders. The country’s largest bank has announced a record-breaking final dividend of $2.40 per share, following its exceptional cash earnings of $10.16 billion for the financial year ending in June. This extraordinary financial

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Three consecutive quarters of retail sales fall spark concerns

In a troubling sign of the times, the Australian retail landscape is grappling with an ongoing decline as retail sales continue to tumble, signaling the harsh impact of the prevailing cost-of-living crisis on consumer spending patterns. Recent data released by the ABS has revealed a disheartening 0.5% drop in retail sales during the June quarter,

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Moody’s downgrades US banks

Stocks retreated Tuesday as an August selloff was reignited by a downgrade of the banking sector by credit rating agency Moody’s. The Dow Jones Industrial Average was down 158.64 points, or 0.45 per cent, to close at 35,314.49. At session lows, the index dropped about 465 points. The S&P 500 dipped 0.42 per cent to

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Moody’s downgrades ratings of over two dozen Aussie banks amid growing concerns

Moody’s, the sole major rating group maintaining Australia’s AAA credit standing after Fitch’s recent downgrade to AA+, has shifted its focus onto the credit ratings of Australian banks. On Monday night, Moody’s delivered its verdict, revealing its concerns about the sector. In a surprising move, Moody’s downgraded the credit ratings of more than two dozen

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ASX closes 0.03% higher: Goldman Sachs predicts decline in iron ore prices

Goldman Sachs predicts a continued decline in iron ore prices this year due to a looming surplus in the physical market and increasing worries about China reducing its steel output, with the current 11.6% drop in iron ore futures from their recent high of US$114.95 to US$101.65 per tonne expected to worsen by a further

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