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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

The Dow Jones Industrial Average fell on Tuesday as Wall Street considered the likelihood of Congress passing a tentative deal on raising the US debt ceiling. The 30-stock index lost 50.56 points, or 0.15 per cent, to end at 33,042.78. The S&P 500 was flat to close at 4,205.52, after trading both above and below

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses shares, the risk of recession and inflation. Key pointsShares are vulnerable to a pull back in the months ahead reflecting the rising risk of recession on the back of central bank tightening and weak seasonal influences.Falling inflation should enable central banks, including

Local sharemarket has remained relatively stable as gains in the mining and telecommunications sectors were counterbalanced by declines in the banking and real estate industries. Uranium miner Paladin Energy Limited (ASX: PDN), has tumbled 20 per cent before being placed into a trading halt as traders fretted over rumours Namibia may look to nationalise some