The Australian dollar rebounded from a nine-month low on Monday, climbing to US64.27¢. This rise followed a week of flat performance, breaking a streak of five consecutive weeks of losses. The currency had previously hit its low point of US63.63¢ in mid-August due to China’s weakening economic prospects and the interest rate gap between the […]
ASX closes 0.63% higher as AUD moves higher Read More »
In July, there was a 0.5 percent increase in Australian retail sales, surpassing the anticipated 0.3 percent rise and recovering from an unexpected decline the previous month. This growth in July contrasts with a 0.8 percent decrease in June 2023 and a corresponding 0.8 percent expansion in May 2023. Ben Dorber, the ABS head of
ASX up 0.63% at noon: Retail sales increase 0.5% in July 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 week After three weeks of falls, global share markets managed
Tamboran Resources (ASX:TBN) has signed two non-binding Letters of Intent with Alinta Energy and ENGIE. Managing Director and CEO, Joel Riddle, said: “We continue to experience significant interest in purchasing low-reservoir CO2 gas from our Beetaloo Basin assets delivered into the East Coast over the long term.” Shares are trading 3.7 per cent higher at
Stocks of the Hour: Tamboran Resources, Talon Energy, Sarytogan Graphite Read More »
The annual results for the fiscal year 2022-23 shed light on can and bottle maker Orora’s strategic move to dive deeper into the US markets, echoing the path taken by its former parent company, Amcor. Similar to Amcor’s transformative acquisition of US competitor Bemis for $9.2 billion, Orora is charting a similar course for its
China’s economy faces ongoing trials marked by persistent weak economic data, which is expected to persist as August draws to a close. On Thursday, August 31, the results of the monthly surveys for the manufacturing and service sectors are due to be released. These final figures are unlikely to present an optimistic picture, aligning with
China continues to grapple with weak economic data amidst challenging times Read More »
NextDC (ASX:NXT), a cloud computing-driven data center group, appears to anticipate a potentially unvaried earnings trajectory for the 2023-24 fiscal year, as indicated by the guidance accompanying its strong performance in 2022-23, announced on Monday. The company, which earlier this year unveiled plans to bolster investments in new and existing data centers across Malaysia, New
NextDC forecasts stable earnings Read More »
