As usual, Wall Street got itself into a bit of a tizzy when the September Consumer Price Index came in slightly higher than forecast and the latest initial unemployment claims rose to a 14-month high. Some reports attempted to infer that the increase in first-time claims indicated a weakening labor market, but that interpretation was […]
US jobless claims surge Read More »
Canadian-owned TD Bank has become the largest US bank to face a money laundering fine from US regulators. TD Bank, the 10th largest bank in the US, will pay a record $3 billion fine for what regulators described as the financial group’s lax practices, which allowed significant money laundering over a nine-year period. The US-based
TD Bank hit with record $3b money laundering fine Read More »
Second time lucky for the China bulls? Another stimulus attempt from the Chinese government could be in the offing. The government has slotted a media conference for Saturday for the country’s finance minister Lan Fo’An and advisers for Beijing at midday, Sydney time. The news saw an immediate positive impact on share markets in Hong
China bulls on standby for stimulus news Read More »
Cobar copper miner Metals Acquisition (ASX:MAC) raised a little more than it planned in Wednesday’s placement. It was looking for around $140m. But MAC told the ASX on Thursday it in fact had raised $150m before costs (around US$103m instead of the original US$96m). The issue was made at a price of $18 a CDI
Metals Acquisition’s lucky placement strike Read More »
WA Gold miner Regis Resources (ASX:RRL) has joined what could be a growing trend – a weakness in output in the three months to September mitigated by record high prices for the metal. It’s only three so far – one in Africa (Far West African Resources) and two here, including Capricorn Metals (ASX:CMM) earlier in
High gold prices cushion Regis’ financials Read More »
Companies discussed include: Cooper Energy (ASX:COE)HMC Capital (ASX:HMC)Exxon Mobil Corp (NYSE:XOM)
Analysis of Cooper Energy, HMC Capital, Exxon Mobil Read More »
Australian shares climbed alongside Wall Street, fueled by expectations of further US interest rate cuts. Miners also gained ground, buoyed by hopes for additional stimulus from China. At 11:35am, the S&P/ASX 200 is 0.53 per cent higher at 8,230.90. Out of the 11 sectors, eight posted gains, with materials and financials leading the way. The
ASX is up 0.5% near noon Read More »
To register for Friday’s webinar click here. Artemis Resources Limited (ASX:ARV) is pleased to announce ground reconnaissance at the Titan prospect in the West Pilbara region of WA continues to deliver high grade gold and silver from assays, highlighting the emergence of a broad mineralised area over the prospect. Shares are trading 15.38 per cent
Stocks of the Hour: Artemis Resources, Voltaic Strategic Resources, Archer Materials Read More »
Stocks climbed for a second consecutive session on Wednesday, with the S&P 500 and Dow Jones Industrial Average reaching record highs as technology shares surged and investors brushed aside geopolitical worries. The S&P 500 rose 0.71 per cent, closing at 5,792.04 after hitting an all-time peak, while the Nasdaq Composite increased by 0.6 per cent
S&P 500 reaches another record high Read More »
Chinese stocks caught up with Hong Kong on Wednesday, falling sharply as the Chinese government’s attempts to convince the world that it was interested in stimulating a moribund economy failed for a second consecutive day. The mainland CSI 300 dropped more than 7%, the Shanghai market lost over 6%, and Hong Kong’s Hang Seng Index
Chinese stocks plummet as stimulus hopes fade Read More »
