Brazilian iron ore giant, miner Vale SA, has confirmed the negative impact of weak demand and pricing in the three months to June with a 78.2% slump in net earnings for the period. Vale, one of the world’s largest iron ore miners after Rio Tinto and BHP, posted net income of $US892 million, while analysts […]
Vale SA reports 78.2% earnings drop amid weak demand Read More »
The Dow Jones Industrial Average finally ran out of steam on Thursday as investors took their profits, ending 13 straight days of gains. If it had gained a 14th day on Thursday, the Dow would have tied its record-winning 14-day streak going way back to 1897. The index fell 237.40 points, or 0.67%, to 35,282.72
Dow Jones runs out of steam Read More »
28 Jul 2023 – The Dow Jones Industrial Average finally ran out of steam Thursday as investors cashed in following a historic streak of 13 straight gains.
The Dow finally snaps historic 13-day rally Read More »
The Dow Jones Industrial Average finally ran out of steam Thursday as investors cashed in following a historic streak of 13 straight gains. The 30-stock index fell 237.40 points, or by 0.67 per cent, to 35,282.72 — dragged lower by shares of Honeywell, which recorded lighter revenue than the Street wanted in their latest quarterly
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27 Jul 2023 – The European Bank for Reconstruction and Development has agreed to invest 6 million euros to support European Metals Holdings’ (ASX:EMH) development of the Cinovec lithium project in the Czech Republic.
EBRD strategic investment in European Metals Read More »
The European Bank for Reconstruction and Development has agreed to invest 6 million euros to support European Metals Holdings’ (ASX:EMH) development of the Cinovec lithium project in the Czech Republic. Executive Chairman Keith Coughlan discusses the significance of the placement and the momentum behind lithium in Europe.
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On Thursday, the Australian sharemarket reached a five-month high, driven by a strong performance in real estate and technology stocks. At the closing bell, the S&P/ASX 200 was 0.73 per cent higher at 7,455.90. The market’s optimism was fueled by the belief that the Federal Reserve had raised the cash rate for the final time
ASX closes 0.73% higher to hit a five-month high Read More »
Gold 50 (ASX:G50) has reported a notable discovery of gallium mineralisation during its maiden drilling program at the Golconda Project in Arizona. The company’s wide-spaced drilling campaign has intersected gallium mineralisation in 11 out of 14 holes, showcasing promising results that may have economic implications amidst recent global supply chain concerns. Among the standout results
Gold 50 discovers significant gallium mineralisation at Golconda Project Read More »
A significant commercial-scale green hydrogen project in Western Australia has been scrapped by Canadian infrastructure player ATCO, despite receiving funding support from the Australian government’s renewables arm. In May 2021, the Australian Renewable Energy Agency (ARENA) committed $28.7 million to finance a 10-megawatt electrolyser for gas blending at ATCO’s Clean Energy Innovation Park in Warradarge,
ATCO abandons WA green hydrogen plan Read More »
JPMorgan Chase is positioning itself in anticipation of an impending US recession, foreseeing a surge in gold prices to surpass $2000 an ounce by the end of this year. The bank’s analysts believe that the precious metal will hit fresh records in 2024 as interest rates start to decline. According to Greg Shearer, Executive Director
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