The forecast for a slowdown in Australia’s export earnings from resources and energy looks set to continue over the next year to 18 months, but perhaps not at a pace as deep as seen a few months ago. Falling prices for key commodity exports such as iron ore, liquefied natural gas, lithium, nickel, and coal […]
Australian export earnings face continued slowdown Read More »
Click here to visit the Fairmont Equities website. In terms of the share market, the past year has been one of the toughest for a very long time. Despite this, we have been able to identify some great opportunities in our weekly research report The Dynamic Investor. Now that we approach the end of the
Outlook and opportunities for 2024 Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events. Investment markets and key developments over the past weekMost share markets rose again over the last week as the Fed finally pivoted towards
China isn’t frightened by high or weak gold prices, as its buying this year has once again confirmed. The Hamas attack on Israel on October 7 and continuing fighting and political uncertainty in parts of Europe and the US have driven gold above $2,000 an ounce several times in the past month or so. Gold
China’s gold reserves soar as global uncertainty drives prices over $2,000 Read More »
Online American shoppers are finding what they think are bargains at Costco, America’s big-box retail discount club: gold. The retail warehousing giant says customers snapped up more than $100 million of the precious metal in the quarter ending November 26. Costco Chief Financial Officer Richard Galanti revealed the sales during the company’s earnings call late
Costco online shoppers snatch up over $100 million in gold Read More »
Tamboran Resources (ASX:TBN) have entered into three formal and binding agreements with APA Group (ASX:APA) to support the development of the Company’s Beetaloo Basin assets. In response, Managing Director and CEO, Joel Riddle, said, “Under the agreements, APA will commence early development works associated with the SPP and Beetaloo to East Coast gas pipelines, including
Stocks of the Hour: Tamboran Resources, Adbri, Cauldron Energy Read More »
Oil prices increased after experiencing their first weekly gain since late October due to major shipping lines suspending transit through the Red Sea, which highlighted the potential risk to the crucial artery for global crude trade. Global benchmark Brent climbed above $77 per barrel, breaking a seven-week streak of declines, while West Texas Intermediate hovered
ASX down 0.03% at noon as oil prices experience first weekly gain since October Read More »
Japanese financial services company Mitsubishi UFJ Financial Group (MUFG) is making its fifth attempt to take over the troubled Link Administration Holdings, this time through its subsidiary, The Trust Bank. Link’s board is unanimously supporting MUFG’s $1.2 billion buyout offer, valuing the shares at $2.10 each, with an additional 16 cent dividend. This totals $2.26
5th time lucky: MUFG’s bid to acquire troubled link administration holdings Read More »
Last week’s sharp rise in the ASX200 looks set to be short-circuited today after the share price futures market dropped 74 points on Friday night. The 3.4% (248-point) gain last week for the ASX 200 was one of the strongest weekly gains this year, leaving the market well-positioned for today’s trading resumption. However, Friday saw
ASX200 uncertainty: US Fed officials’ statements cast doubt Read More »
Oil prices settled lower on Friday but rose slightly for the week due to a weaker dollar and an improved 2024 demand outlook after weeks of losses. US West Texas Intermediate crude futures for January fell by 15 cents, or 0.21%, settling at $71.43 per barrel. Brent for February dropped by 6 cents, or 0.08%,
Oil prices dip on Friday, up slightly for the week Read More »
