Lynas Rare Earths (ASX:LYC) took a significant hit in the June quarter from the slump in world prices for its key products. The WA-based miner and processor revealed in its June quarterly report that it saw a 47% drop in fourth-quarter revenue on lower prices for its rare earths products. Lynas is the world’s largest […]
Lynas takes revenue hit Read More »
China’s economy will need more than last week’s lacklustre collection of policy thought bubbles if it is to arrest the slump in activity that continued for a 4th successive month in July. Not only did the country’s huge manufacturing sector suffer another contraction in growth but the main driver of economic activity – services –
China faces another slump Read More »
In the Quarterly Activities/Appendix 5B Cash Flow Report for the three months ending on 30 June 2023, Lake Resources (ASX:LKE, OTC:LLKKF) unveiled key highlights and significant progress made during the quarter. Lake reported a substantial 37% increase in the measured, higher-grade resource at Kachi, supporting over 25 years of supply life. The recent JORC update
Lake Resources notes 37% increase in measured resource Read More »
Silver Lake Resources (ASX:SLR) shares have had a shocking start to the week, with a slump of more than 20% following Monday’s release of a confusing quarterly statement for the three months up to June and the 2022-23 financial year. It’s not that the company didn’t perform well – it met its gold and copper
Shares in Silver Lake plunge Read More »
July saw US energy firms again cut the number of active oil rigs in use for an eighth straight month while they added new natural gas rigs for the first time in three months. That was after energy services firm Baker Hughes said in its weekly report on Friday that drillers had cut the number
US energy firms cut oil rigs for eighth month while adding new natural gas rigs Read More »
31 Jul 2023 – A snapshot of the stocks on the move, featuring AD1 Holdings (ASX:AD1), New World Resources (ASX:NWC) and Matsa Resources (ASX:MAT).
Stocks of the Hour: AD1 Holdings, New World Resources, Matsa Resources Read More »
AD1 Holdings (ASX:AD1) announced that they have renewed their contract with the Victorian Government for one of their software businesses, ApplyDirect, for an additional three years. In response, AD1 CEO, Brendan Kavenagh, commented, “We continue to invest time and resources in improving our platform offerings, tailoring solutions to better support our customers into the future.”
Stocks of the Hour: AD1 Holdings, New World Resources, Matsa Resources Read More »
At midday, Australia’s share market has returned to a flat position after experiencing an early rise. Investors seem cautious as they await the RBA interest rate decision scheduled for Tuesday. At noon, the S&P/ASX 200 is 0.13 per cent higher at 7,413.40. Earlier, the index reached a peak of 7434.3 before retracting to 7409, influenced
ASX up 0.13% at noon as investors await Tuesday’s RBA decision Read More »
31 Jul 2023 – Stocks rose Friday with the Dow Jones Industrial Average and S&P 500 closing out their third winning weeks in a row as a measure of inflation closely watched by the Federal Reserve came in at its lowest in nearly two years.
Dow Jones & S&P 500 secure third consecutive week of gains Read More »
Russia’s decision to withdraw from a deal allowing Ukrainian grain to be exported globally is a high-stakes gamble by President Vladimir Putin that risks straining diplomatic relations with two of Russia’s influential partners, China and Turkey. By choking off Ukraine’s massive grain exports, Russia aims to further cripple its adversary’s economy while potentially boosting its
Russia’s grain deal withdrawal strains relations with China and Turkey Read More »
