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The Reserve Bank has lowered its economic growth predictions and expects inflation to slow down faster than previously estimated. According to its quarterly economic update, it anticipates the gross domestic product (GDP) to expand by 0.9% by the end of the year, down from the previous forecast of 1.2% made in May. Next year, GDP […]

Some of the 30th June reports from Australian retailers, due to be issued this month, will make tragic reading for shareholders if the latest analysis of retail sales is any guide. Growth in sales volumes will be weak, and any gains will be due to higher prices – which have, in turn, seen consumers haul

Contrasting June quarter results from tech giants Apple and Amazon were reported on Thursday. While Apple produced a weak set of numbers that met market expectations, Amazon showed a return to strong growth, resulting in a significant increase in its shares during after-hours trading. Apple’s shares were down 3% after hours as analysts noted concerns

The competition regulator, the ACCC, has rejected ANZ’s proposed $4.9 billion takeover of Suncorp’s banking arm – a decision that has been widely expected by investors since being announced in 2022. Not too many investors saw a chance for ANZ to succeed in its deal, despite both banks pulling out all stops with support from

Melbana Energy (ASX:MAY) announced that the planned Total Depth of the Alameda-2 well has been reached ahead of schedule. Executive Chairman, Andrew Purcell, commented: “Excellent quality logs have been obtained over the entire Amistad interval – a great improvement on last time when logs could not be obtained over some of the most productive units.”

Four hours northwest of Townsville, Australia’s energy transition to net zero by 2050 is taking a significant step forward with the near-completion of Genex Power’s $777 million Kidston pumped hydro project.  Situated 220 meters beneath an old gold mine, this ambitious undertaking is set to play a crucial role in replacing coal-fired power and advancing

In a move to stabilise global oil markets, Saudi Arabia has announced that it will extend its voluntary crude oil output cut of 1 million barrels per day into September. This marks the third consecutive month of such declines, according to the state-owned Saudi Press Agency (SPA). The decision comes as a response to the

Leading provider of collaboration and productivity software, Atlassian, has revealed its optimistic outlook for cloud services in the fiscal year 2024. The company anticipates robust growth in cloud revenue, with an expected year-over-year increase ranging between 25% to 30%. This positive projection aligns with Atlassian’s first-quarter forecast, which predicted cloud revenue growth in the range

A recently released report aims to provide a comprehensive understanding of the dynamic lithium sector, which has garnered significant interest from investors. The report, published as part of a series by RFC Ambrian, delves into the current and future trends within the lithium industry, shedding light on its potential risks and opportunities. The research report