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Stocks fell Wednesday as investors kept an eye on the federal debt ceiling debate in Washington on the final trading day of May. The deal, which was reached over the weekend by President Joe Biden and House Speaker Kevin McCarthy, cleared a major test Tuesday night after advancing to the House floor following a 7-6 […]

Australia’s stock market experienced its worst day in three months due to higher-than-expected domestic CPI data and lower-than-expected China PMI data. The S&P/ASX 200 index dropped 1.64 per cent to reach a two-month low, resulting in a loss of $40 billion in market capitalization, with all sectors except tech declining, particularly energy, materials, financials, and

European Metal Holdings Limited (ASX:EMH) Executive Chairman Keith Coughlan discusses the European demand for lithium and the scale of the company’s Cinovec project. Tim McGowen: We’re talking today with European Metal Holdings (ASX:EMH). It’s got a market cap of around $112m. We’ve got with us the Executive Chairman, Keith Coughlan. We’re talking lithium in Europe.

The monthly inflation data for April has exceeded expectations, primarily due to the increased cost of petrol. According to the Australian Bureau of Statistics, the Consumer Price Index (CPI) rose by 6.8 per cent in the year leading up to April 2023, compared to 6.3 per cent in March. This figure is higher than the

TerraCom (ASX:TER) announces a fully franked dividend of 3.0 cents per fully paid ordinary share. In response, MD Danny McCarthy, said: “Following payment of this dividend in June 2023, the Company will have returned $244 million to shareholders since July 2022.” Shares are trading 5.83 per cent lower at 48.5 cents. Wildcat Resources (ASX:WC8) announced

Ron Mitchell, Managing Director of Global Lithium Resources Limited (ASX:GL1), which owns two of the 14 lithium projects in Australia, discusses the price of lithium, and progress on the company’s projects. Tim McGowen: We’re talking today with Global Lithium Resources (ASX:GL1). It’s got a market cap of around $340m. We’re joined by Managing Director Ron

Australian-based Canadian lithium hopeful Sayona Mining (ASX:SYA) yesterday announced the successful completion of its book build for a fully underwritten $200 million placement at 18 cents a share. That price was a 14.3% discount to the last price before the raising was announced last week on May 25. The shares closed right on 18 cents,

Wesfarmers (ASX:WES) CEO Ron Scott got a lot of publicity on Tuesday for saying “the honeymoon is very much over” after the past few years of government handouts and ultra-low interest rates. The head of the Perth-based conglomerate – which owns Bunnings, Kmart/Target and Officeworks – was speaking at an investor day for the company

The Australian Bureau of Statistics said on Tuesday that April saw an 8.1% slide in total approvals, seasonally adjusted, a much steeper than the 1% drop in March (which was revised from the original estimate of a drop of 0.1%) and an 11-year low. The total approvals figure of 11,5984, was the lowest since early

Trouble in Africa for Paladin Resources (ASX:PDN) and API’s decision to stand pat on their price for Silk Laser (ASX:SLA) were just two of the myriad stories in a busy Tuesday ASX session. ………… Trading in shares of uranium miner Paladin Energy (ASX:PDN) was halted on the ASX yesterday after they slumped 20% on news