Market News

Santana Minerals Ltd (ASX/NZX: SMI) has announced a significant milestone for its Bendigo-Ophir Gold Project (BOGP) in Central Otago, New Zealand. The project has been designated as a ‘Fast-Track Project’ under Schedule 2 of the coalition government’s Fast Track Approvals Bill. This designation aims to accelerate projects that contribute to regional and national economic growth.

Stocks rebounded on Tuesday after a losing session on Wall Street, as oil prices eased and investors assessed ongoing tensions in the Middle East. The S&P 500 rose 0.97 per cent to close at 5,751.13, while the Nasdaq Composite gained 1.45 per cent, finishing at 18,182.92. The Dow Jones Industrial Average added 126.13 points, or

China demonstrated on Tuesday how to deflate an overzealous rally from both local and foreign investors who had tossed good sense aside over the weekend and Monday. Having built up expectations for a significant spending stimulus announcement, global banks like Goldman Sachs and Citi issued various optimistic notes during the weekend and on Monday—only to

Economists at the National Australia Bank are not fully convinced by the rebound in commodity prices over the past fortnight since China announced a series of seemingly coordinated stimulus measures aimed at helping its struggling economy. In their quarterly update on the outlook for commodities, they stated that “recent commodity price increases are closer to

The Federal Court has confirmed a $100 million penalty in relation to its so-called “ghost flights” scandal. The court ordered the airline to pay $100 million for misleading consumers by offering and selling tickets for flights it had already decided to cancel, and for failing to promptly inform existing ticket holders of its decision. These

The Federal Court has confirmed $100m in penalties over the so-called “ghost flights” scandal. The court ordered Qantas (ASX:QAN) to pay the penalties for misleading consumers by offering and selling tickets for flights it had already decided to cancel, and by failing to promptly tell existing ticket-holders of its decision. These penalties were imposed after

According to the latest monthly business survey from the National Australia Bank, the pace of economic activity improved in September, setting up what could be an improving end to the year. The improvement last month seems to have provided a late spurt to what looked like earlier on to be a tough quarter. The NAB

WA gold miner Capricorn Metals (ASX:CMM) saw a sharp drop in quarterly production at its Karlawindi gold project in WA as it set up mining operations for the new quarter. Capricorn said gold production dipped by just on 5 per cent to 25,559 ounces in the three months to September, from 26,835 ounces in the

Shares in gold miner West African Resources (ASX:WAF) jumped more than 10 per cent at one stage on Tuesday after it said its Burkina Faso mine would not be hit by a change in mining laws that emerged over the weekend. At the same time, the company said in a separate statement that it is