Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices. Key points:The Australian home price rebound accelerated in May with national average home prices up 1.2%, their strongest pace since November 2021 and their third rise in a row. They are now up 2.3% from their February low.Sydney continues to […]
Alex Underwood, Managing Director of Empire Energy Group Limited (ASX:EEG), presents at the company’s AGM in Sydney.
Empire Energy Group (ASX:EEG) Annual General Meeting, May 2023 Read More »
The Chinese economy continued to stumble in May with surveys of the country’s huge manufacturing and service sectors both showing another month of slowing levels of activity. For the manufacturing sector, it was a dip deeper into contraction for a second successive month in May after April’s surprise drop. The official National Bureau of Statistics
Covid redux unfortunate timing for Chinese economy Read More »
Silver Lake Resources (ASX:SLR) continues to try and grab the attention of St Barbara with yet another offer for SBM’s Leonora gold mining assets in WA’s goldfields. Silver Lake said it had revised its offer for St Barbara Leonora assets to address concerns St Barbara had expressed that the buyout financing is subject to due
Fun and games at the Silver Lake Read More »
Westgold (ASX:WGX) has lifted the estimated mineral resource of its emerging Great Fingall deep prospect in WA by 49% to more than half a million ounces and started work on a mine restart which is expected to be “completed within the coming weeks”. The company said in a statement to the ASX on Wednesday that
Fingall proving great indeed for Westgold Read More »
The Bank of Queensland (ASX:BOQ) has become the latest listed Australian financial group to be pinged by key financial regulators AUSTRAC and APRA over prudential breaches, poor money laundering and anti-terrorism financing oversight. The news in separate statements issued before trading on Wednesday, confirmed months of speculation that the Brisbane-based regional bank had been fingered
BoQ takes its turn in the regulators’ naughty corner Read More »
Australian inflation seemingly kicked higher in April, but only for technical reasons involved with last year’s desperate fuel excise cut for six months by the former Morrison government as it tried to set up an election bribe for voters. The halving of the excise, announced in the 2022-23 budget in late March (well ahead of
Fuel excise cut comes back to haunt us in CPI Data Read More »
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
Major US indexes fall after investors react to debt ceiling debate Read More »
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
ASX suffers worst day in three months dropping by 1.64% Read More »
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 political tailwinds driving European lithium development Read More »
