New Zealand’s economy has fallen into a recession as its gross domestic product (GDP) declined by 0.1 per cent in the March quarter, marking two consecutive quarters of negative growth. The economy had already contracted by 0.7 per cent in the December quarter. This recession was anticipated, as the Reserve Bank of New Zealand had […]
ASX up 0.1% at noon as NZ falls into a recession Read More »
Stocks gyrated on Wednesday as the Federal Reserve paused its rate-hiking campaign and signalled it was making progress on fighting inflation. As traders were expecting, the Fed kept interest rates unchanged at a target range of 5 per cent-5.25 per cent on Wednesday afternoon, ending a streak of 10 consecutive hikes. Earlier Wednesday, May’s producer
S&P 500 ekes out a narrow gain as the Fed pauses rate hikes Read More »
The impact of the sharp fall in US consumer inflation in May on the interest rate decision by the US Federal Reserve will be well known by the time you read this Thursday morning. Barring a last minute brain fade, the Fed will sit on rates for a meeting or two because the headline rate
To pause or not to pause, that is the question Read More »
Australia’s competition regulator the ACCC will play a powerful role in determining the final shape of the proposed merger of global grain giants Bunge and Viterra. But on the face of it the ACCC probably won’t cause too much concern and will probably welcome the merger as providing a bigger competitor to the existing majors,
Grain giants merger in the hands of the regulators Read More »
An apparent paradox was reported yesterday by the listed olives group Cobram Estates (ASX:CBO). The company reckons its 2023 crop will be both higher (than the most recent crop), and lower (than a normal crop). Sounds a bit Zen, but from a trading update and presentation to a Sydney investment conference (which also revealed solid
Cobram Estate Olives having a bit each-way Read More »
Shares in pharma giant CSL (ASX:CSL) took a hit yesterday after it revealed a larger than forecast loss from currency movements for its 2022-23 financial year. Instead of the impact – estimated earlier this year at the interim results, at around $US175 million, CSL told the ASX on Wednesday the figure was now more like
Market smells blood, gives CSL a whack Read More »
During the late afternoon trading session, the financial sector experienced a notable increase in its gains. All the major banks demonstrated positive performance, with Commonwealth Bank (ASX:CBA) shares surging by 1 per cent, National Australia Bank (ASX:NAB) rising by 1 per cent, Westpac (ASX:WBC) adding 1.1 per cent, and ANZ Bank (ASX:ANZ) edging up by
ASX closes 0.32% higher as Financial sector grows in late afternoon trading Read More »
The global end-to-end supply chain for batteries, lithium, and EVs. How can Australian investors get access to this global investment thematic? Many Australians own shares in Australian lithium explorers or miners, but very few have diversified exposure to the broader global end-to-end supply chain, including international miners and producers, spodumene processors, lithium battery manufacturers as
Battery technology and lithium webinar, June 2023 Read More »
Australia holds the world’s third largest amount of vanadium, behind China and Russia, but does not supply this critical mineral into the global market. Project Director Peter Hedley from Richmond Vanadium Technology (ASX:RVT) discusses the company’s progress and the vanadium industry. Tim McGowen: Peter, welcome to Sydney. Thanks for your time. Peter Hedley: Thanks, Tim.
Australia’s budding vanadium industry Read More »
Golden Mile Resources (ASX:G88) announced the highest-ever nickel grades at their Quicksilver project in WA. MD Damon Dormer said, “We have a significantly higher-grade zone within the overall Resource with the potential of disseminated nickel mineralisation.” Shares are trading 100 per cent higher at 4.8 cents. NickelSearch (ASX:NIS) announced that their Sexton Prospect diamond drillhole
Stocks of the Hour: Golden Mile Resources, NickelSearch, Encounter Resources Read More »
