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Stocks of the Hour: Southern Cross Media Group, Brightstar Resources, PARKD

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

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ASX up 0.44% at noon as RBA June policy meeting concludes to raise the cash rate

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

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Solar power investment set to surpass oil, but fossil fuel spending still a concern, Says IEA

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,

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China cuts

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

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