Market News

Alkane Resources (ASX:ALK) announced they have increased their gold and copper grades by 30% and 28%, respectively, at the Boda Prospect in Central New South Wales. In response, Alkane Managing Director, Nic Earner, said, ““Not only has the definition increased from Inferred to Indicated but the entire resource has increased in both grade and metal […]

Mid-Year Economic and Fiscal Outlook – budget deficits revised down, immigration revised up but projected to have peaked Key points:The Federal Government’s Mid-Year Economic and Fiscal Outlook (MYEFO) revised its budget deficit projections down sharply largely reflecting stronger revenue and some modest spending savings.The deficit for this year is now revised down to just $1.1bn

Another $US3 trillion day for Apple as the rate cut frenzy on Wall Street pushed the iPhone maker’s shares close to a record $200. The shares reached a record high close on Wednesday, closing 1.7% higher at $US197.96. Apple’s previous record closing high of $US196.45 was on July 31; it then plunged to a low

In its second decision on Thursday regarding a significant acquisition, the ACCC has announced its approval of Viva Energy’s (ASX:VEA) proposed acquisition of the convenience store chain, OTR Group. The decision comes after the Commission accepted a court-enforceable undertaking from Viva Energy, committing to divest 25 Coles Express sites in South Australia. This decision follows

Cauldron Energy (ASX:CXU) has released the results of its Scoping Study for the proposed Bennet Well Uranium operation, revealing the potential for a globally competitive and low-cost in-situ recovery (ISR) uranium operation. The Bennet Well Uranium Deposit is situated approximately 100 kilometers south of Onslow, Western Australia, and about 1,050 kilometers north of Perth. The

The Dow Jones industrial Average jumped to a record Wednesday as the Federal Reserve signalled it would cut rates several times next year, satisfying investors who hoped the central bank would finally start to acknowledge the slowing trend of inflation with a less-aggressive monetary stance. The 30-stock Dow added 512.30 points, or 1.40 per cent,

Companies discussed include: Qantas Airways (ASX:QAN)Evolution Mining (ASX:EVN)MA Financial Group (ASX:MAF) The following transcript was automatically generated: Hello. This is Stock Watch with Chris Pedersen on Wednesday 13th of December 2023. All advice is general advice and might not be suitable for you. Always consult an advisor before making any investment decisions. All questions from

The way iron ore prices continue to trade above $US130 a tonne, there is every chance the 2023-24 budget will be in surplus by June 30 next year after a sharp improvement in the mid-year economic update. Iron ore prices are currently around $US135 a tonne for the benchmark 62% Fe fines from the Pilbara

Australia’s sharemarket experienced mixed performance as healthcare and iron ore stocks rose while the energy sector declined due to a 3.5% drop in benchmark oil prices. The S&P/ASX 200 closed with a 0.3% gain at 7259.1 points, with iron ore miners like Fortescue Metals and Rio Tinto reaching record or two-year highs, driven by strong

Chilwa Minerals Limited (ASX:CHW) Managing Director Cadell Buss discusses surprising drilling results and outlines future exploration plans. Paul Sanger: I am Paul Sanger for the Finance News Network, and today I’m talking with Chilwa Minerals (ASX:CHW). They have market cap of around $9m. Chilwa was incorporated in ’22 and listed on the ASX in July