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At noon, the S&P/ASX 200 is 0.51 per cent lower at 7,198.10, after initially dropping as much as 1 per cent at the opening. Meanwhile, in Wall Street trading, the S&P 500 closed 0.6 per cent lower, the Nasdaq Composite index, which focuses on technology stocks, experienced a 0.2 per cent decline, and the Dow […]

Magnis Energy Technologies (ASX:MNS; OTCQX: MNSEF; FSE:U1P) has announced that their lithium ion cell manufacturer iM3NY has entered into a JV Agreement with OSM. iM3NY CEO commented: “This partnership is strategically important for the electrification of the automotive industry in India and the Middle East.” Shares are trading 4.76 per cent lower at 20 cents

QX Resources Limited (ASX:QXR) Managing Director Steve Promnitz discusses the company’s letter of intent with Liberty Lithium, the advantages of the project, the difference between brine and hard rock lithium, and the timeline ahead. Paul Sanger: We are talking today with QX Resources (ASX:QXR). QXR has a market cap of $32m. We’re talking with their

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses commercial property. Key pointsAustralian unlisted commercial property returns have been very strong over the last two decades thanks largely to the “search for attractive yields” by investors.With the back up in bond yields, this driver is reversing leaving retail and particularly office

Stocks dipped Tuesday as Wall Street also turned its attention to a meeting between congressional leaders and President Joe Biden on the US debt ceiling. On Monday, Treasury Secretary Janet Yellen reaffirmed that the US faced the possibility of default as early as June 1, the so-called X date, if a deal isn’t reached between

The trade data for April told the story, the inflation data for the same month, confirmed the story and now China’s final data dump for the month covering retail sales, investment (especially in property) and factory output have put beyond any doubt that China’s economy remains in a very low gear. The data showed a

Genesis Minerals (ASX:GMD)  has kept alive its ambitions to consolidate gold mining assets in the Leonora district of WA’s eastern Goldfields with a slight sweetening of the terms of its bid to buy the gold mining assets in the area from St Barbara. It is the third set of terms for the deal and the

Struggling tech Appen (ASX:APX) is looking for $60 million from institutions and ordinary shareholders in what could be a final effort to remain viable. The signs of Appen’s need for quick cash were all there in Tuesday’s announcement – a deeply discounted equity raising in two parts – an entitlement offer and a placement to

Building products multi-national James Hardie (ASX:JHX) has reported record sales for the year to March 31 but warned of a slowdown in the current June quarter, the first for its 2023-24 financial year. Hardies posted a net profit of $US605 million ($A903 million) on record sales for 2022-23 of $US3.777 billion, up 4% year on

On Tuesday, at the closing bell, the S&P/ASX 200 was 0.45 per cent lower at 7,234.70, as the healthcare, tech, and consumer staples sectors witnessed drops, which counterbalanced the gains seen in the materials sector. Ahead of the release of US retail sales and industrial production data, along with upcoming reports from prominent US retail