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The Reserve Bank board deliberated on keeping official interest rates steady due to growing pressures on households but ultimately chose to raise them out of concern that inflation could become entrenched. Here are the key takeaways:The RBA board expressed concern about recent increases in property prices.It acknowledged that higher interest rates are impacting households unevenly.The […]

Warren Buffett’s Berkshire Hathaway has increased its stake in Japan’s five largest general trading companies to over 8.5 per cent and has expressed its intention for long-term investment plans. The move comes as Berkshire Hathaway raised its stake in Itochu Corp, Marubeni Corp, Mitsubishi Corp, Mitsui & Co, and Sumitomo Corp, signalling its commitment to

The ASX experienced its seventh consecutive day of growth, primarily driven by increases in the energy, real estate, and financial sectors. At the closing bell, the S&P/ASX 200 was 0.86 per cent higher at 7,357.80. This marked the highest closing price since April 20. Almost all sectors, except for health care, showed positive growth during

Southern Cross Media Group (ASX:SXL) announces that ARN Media (ASX:A1N) has acquired a 14.8% stake in the company for $38.3 million. Shares are trading 22.04 per cent higher at 92.75 cents. Brightstar Resources (ASX:BTR) will commence gold mining operations at their Menzies project in WA, with personnel and equipment supplied by BML Ventures. MD Alex

The RBA June policy meeting minutes revealed that members discussed raising the cash rate or keeping it unchanged, but ultimately decided to increase it due to the shift in inflation risks and the need to prevent prolonged high inflation, taking into account the potential impact on the economy and low-income individuals, while acknowledging uncertainty in

Decision day today for shareholders in St Barbara (ASX:SBM), with a special meeting to vote on whether to go with old beau Genesis Minerals (ASX:GMD) or encourage late comer Silver Lake Resources (ASX:SLR). Given the lack of any urging from Silver Lake in the past couple of weeks, the Genesis deal looks likely to get

Lynas Rare Earths (ASX:LYC) is facing a possible interruption to the start up of its $575m Kalgoorlie Rare Earths Processing Facility in WA’s goldfields. Lynas told the ASX in a surprise update on Monday that while the feed-in of key materials will begin as planned before the end of June, delays to two key parts

The International Energy Agency (IEA) has predicted that investment in solar power will surpass that in oil for the first time this year, marking a significant milestone in the global energy transition. In a recent report on energy investment, the IEA highlighted the accelerating growth of clean energy investments, outpacing spending on fossil fuels. However,