Despite weak international cues, Australia’s share market managed to close slightly higher as the US debt ceiling bill was passed in the House. At the closing bell, the S&P/ASX 200 was 0.27 per cent higher at 7,110.80, recovering from a recent low. Although the index remained below its 200-day moving average for the second consecutive […]
Aus sectors mixed as ASX gains 0.3% Read More »
The Australian sharemarket has rebounded from earlier losses and is now higher after the US House of Representatives passed the debt ceiling bill. The S&P/ASX 200 index, which was initially down by 0.2 per cent, has risen 0.22 per cent higher to 7,107 at noon. In the House vote, 303 members supported the deal negotiated
ASX jumps 0.22% as US House passes debt ceiling bill Read More »
Redflow (ASX:RFX) announced that their flow batteries have been approved for use in a large-scale solar and storage project in California. CEO and MD Tim Harris said: “This 20 MWh project is one of several large-scale opportunities in our pipeline and represents the start of the next phase of our growth strategy.” Shares are trading
Stocks of the Hour: Redflow, Neurizer, Impact Minerals Read More »
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 »
