Category: News

The impact of rising interest rates on consumer spending is starting to be felt by the market, as this quarter’s earnings reports are showing signs of reduced household spare cash flows, which is impacting economic activity.

Australian junior explorer Far East Gold (ASX: FEG) has announced the results of preliminary metallurgical tests from its flagship Woyla project in Indonesia which returned 91% for gold and 86% for silver.

For something that mimics the intelligence of the average pigeon, artificial intelligence (AI) has spread its wings and swooped in on virtually every aspect of human existence from generating Beethoven’s symphony to help a judge make a court ruling.

Australian health and wellness business Wellnex Life (ASX: WNX) aims to build a notable presence in the over-the-counter pharmaceutical space with the launch of its wholly-owned Pharmacy Own brand of health and wellness products.

In the lead up to this week’s The Insider: Meet the Fund Manager, Gregg Taylor from Salter Brothers sat down with Reach Markets to provide a bit of information about his investment strategy, industries of interest and view on the market.

Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In October, Lowell Resources Fund Management’s John Forwood selected Matador Mining as one of his favourite stocks, noting its potential for building…

While ASX 200 has slightly continued it’s retreat, it is today (15/2/23) only 3.74% away from breaking its 20 April 2022 all time high, as a flood of earnings reports have started coming in. CSL revenue was boosted 19%, but net profit was down 7%. Treasury Wines lifted their dividend by 16.7%, while Netwealth posted record earnings. CBA released a record half yearly profit of $5.2 billion, but its shares dropped more than 5% as their net interest margin was shown to have peaked in October. JB Hi-Fi admitted consumer spending has started to slow.

Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In October, Merchant Funds’ Andrew Chapman selected Race Oncology as one of his favourite stocks, regarding the company’s Zantrene® as a ‘first-in-class,…

Yesterday’s 25 basis point rate hike was largely expected by economists, but it was RBA governor Philip Lowe’s outlook of a 3.85% terminal cash rate that slightly stunned the market – with Australian equities pulling back and the dollar spiking. The ASX 200 was less than 1% off it’s all time high on Monday, but has since retreated to 1.5% away from its April 2022 record.

Almost 60 years since they established an Australian subsidiary that turned into the country’s biggest gold miner, Newmont Corporation (NYSE: NEM) wants to bring Newcrest Mining (ASX: NCM) back under its control in what would be one of the biggest gold consolidations in Australian history. 

Guess what’s not being made in China. Enough babies. China has been losing ground to its neighbour just over the Himalayas, India in terms of population growth. Chinese authorities in Hong Kong took this as a cue to contact recently married women, inquiring whether they expect to be expecting.

Far East Gold (ASX: FEG) is wasting no time advancing their flagship Woyla project. After making a major greenfield discovery in December last year, the company now has three rigs operating at two of the project’s prospects, with the goal of defining a resource. All assays from the phase one drilling campaign have been received, and reaffirm the company’s belief that Woyla is highly prospective to contain a high-grade gold and silver epithermal deposit.