Uncategorized

The Reserve Bank’s minutes for May indicate that the central bank is committed to reducing inflation. The Board expressed its determination to take the necessary actions to bring inflation back to its target level. It acknowledged that there may be a need for further interest rate increases depending on the evolution of the economy and […]

Building upon a 20-year commercial foundation, Capricorn Society has selected Spenda (ASX:SPX) as its preferred supplier to deliver the first phase of its Digital Service Delivery initiative. Spenda’s CEO and MD Adrian Floate, added: “Being selected to work with Capricorn on this significant project shows faith in both in our services and in our ability

Investment Analyst Yathavan Suthaharan discusses why railroads are an attractive infrastructure investment, recent events at Norfolk Southern and what the hype is around Precision Scheduled Railroading (PSR). INFRASTRUCTURE FUND (MICH) PROFILE The Magellan Infrastructure Fund offers investors an opportunity to invest in a specialised and focused global infrastructure Fund. It aims to achieve attractive risk-adjusted

The S&P 500 rose slightly to start the week Monday as traders assessed ongoing debt ceiling negotiations. President Joe Biden is expected to host top congressional leaders on Tuesday for the debt ceiling talks which were postponed from Friday.  Treasury Secretary Janet Yellen told CNBC last week that failure to hatch an agreement on the

A mixed bag in Monday’s ASX session, with Pact Group (ASX:PGH) taking a big hit on a profit warning and TPG coming back for another bite of the InvoCare (ASX:IVC) cherry.………… Melbourne-based packager Pact Group (ASX: PGH) has corroborated the warning earlier this month from its giant global and Australian rival Amcor that sagging consumer

There’s an enormous chance for Australian miners like Evolution and Northern Star Resources – not to mention that perennial mine hunter Mineral Resources – to get global scale by positioning themselves to buy mines Newmont wants to flick after it takes control of Newcrest (ASX:NCM). Newcrest’s Lihir and Cadia mines are the only ones ranked

Four days before it is due to reveal its interim results for 2022-23, gaming machine company Aristocrat Leisure (ASX:ALL) has made another attempt to get deeper into the online real money gaming business. Aristocrat told the ASX on Monday that it plans to purchase Nasdaq-listed (but Luxemburg-based) gaming software firm NeoGames for $1.5 billion (around

Elders (ASX:ELD) shares slumped more than 14% to a new 52-week low at one stage on Monday after it revealed it had cut its half-year dividend 18% to 23 cents from 28 cents per share in the wake of a 46% slide in interim earnings. Directors said the company was impacted by the lingering end

At the closing bell, the S&P/ASX 200 was 0.09 per cent or 6.1997 points higher at 7,262.90. The rise was primarily driven by the performance of the real estate and resources sectors. However, a couple of companies experienced notable declines. Elders (ASX:ELD) witnessed a sharp drop of 13.2 per cent to $7.20 after reporting a

At noon, the S&P/ASX 200 is 0.09 per cent lower at 7,250.50. While the financial sector is weak, gains in the mining and industrial sectors are offsetting the decline. Important events and data releases in the upcoming week include the release of the Reserve Bank of Australia’s May minutes on Tuesday, wage price data on