20 Jun 2023 – A snapshot of the stocks on the move featuring Southern Cross Media Group, Brightstar Resources and PARKD Ltd (ASX:PKD).
Stocks of the Hour: Southern Cross Media Group, Brightstar Resources, PARKD Read More »
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
Stocks of the Hour: Southern Cross Media Group, Brightstar Resources, PARKD Read More »
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
ASX up 0.44% at noon as RBA June policy meeting concludes to raise the cash rate Read More »
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
St Barbara (ASX:SBM) to choose between proposals Read More »
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
Lynas (ASX:LYC) facing possible delay Read More »
20 Jun 2023 – The US markets were closed overnight in observation of Juneteenth. When shifting to European markets, the benchmark Stoxx 600 index closed 1% lower Monday, with almost all sectors in negative territory. Chemicals stocks led losses, down 2.8%, while banking stocks ended just above the flatline.
Continued market jitters keep European stocks in the red Read More »
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,
The US markets were closed overnight in observation of Juneteenth. When shifting to European markets, the benchmark Stoxx 600 index closed 1 per cent lower Monday, with almost all sectors in negative territory. Chemicals stocks led losses, down 2.8 per cent, while banking stocks ended just above the flatline. European markets fell at the start
Continued market jitters keep European stocks in the red Read More »
Global oil prices wobbled lower in Asian trading in a holiday-shortened Monday session with traders waiting for two separate appearances by Fed chair Jay Powell later this week. Before Powell speaks, China is expected to cut its remaining key interest rates by 0.10 per cent and perhaps reveal more details of stimulus plans later in
Oil wobbles as market waits on Powell Read More »
A big day for the Chinese economy, stock market and investors today when the final round of interest rate cuts happens. The People’s Bank of China (PBoC), the country’s central bank, will cut the one-year prime lending rate of 3.6 per cent by 10 points and the five-year rate of 4.23 per cent by the
