News
Power of Australian sun yet to be harnessed
The largest solar power project in Australia’s history has hit a brick wall, with two of Australia’s richest billionaires now battling it out in a high profile rivalry that is forming the debate on what is the most viable form of renewable energy.
Pioneering biotech at the heart of US$2.5 billion addressable market
Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In July, Horizon 3 Healthcare’s Matt McNamara selected EBR Systems as one of his favourite stocks, pointing to the company’s patented wireless…
A significant milestone with large scale poultry producer Perdue Farms
meldCX’s AI testing results produced 99.25% accuracy, which is in excess of their target accuracy baseline with the client and is set to help the largest poultry producer in the US reduce waste, assist with employee overheads and help ease the restraints of staffing shortages. This is another example of why meldCX’s AI platform is being adopted by some of the largest companies in the world.
Note from the MD: Markets and commodities press ahead while power retreats
The ASX 200 is now less than 2% away from it’s all time high, after stacking on around 7% January gains in a strong start to the year. Traders will be eagerly watching fourth quarter CPI data that gets released today at 11:30am (AEDT), with the RBA forecasting 6.5%. The VIX continues to hover around 19-20 while all US index’s ended the day only marginally different Monday.
Hold the line, bubs aren’t always on time
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.
Mining capex to drop as viability of projects questioned
Pandemic era feasibility studies that have fast become outdated are driving a forecast 11% reduction in capital expenditure on mining projects during 2023. It is estimated that capex peaked in 2012 at US$164.1 billion, largely driven by iron and gold project development which accounted for 58% of this expenditure. It reached a recent low of $65.8 billion in 2016, with gold and iron ore making up almost two thirds of the annual decrease.
Small businesses chasing funds in tighter credit market
A culmination of rising interest rates and the maturation of cheap fixed interest loans has rapidly changed the small to medium business finance sector.
High expectations for Germany as global cannabis markets light up
Over the past few decades, the world has grown savvy to the benefits of cannabis with the industry reporting in October 2021 that at least 30 countries had legalised its medicinal use creating a market estimated to be worth $80 billion in 2024.
Markets bullish after inflation weakens
Australian investors finally had time to breathe after the RBA took their first monthly break since beginning one of the fastest rate hiking cycles in history. It’s been a good opportunity to digest the economic data coming out of the US and observe how the market is reacting.
Note from the MD: All eyes on China’s recovery
After a relatively flat day, markets eased lower after the RBA’s final rate hike of the year yesterday afternoon. Led by weaker US markets overnight, which were down by around 2%, the ASX 200 wiped out Monday’s gains of around 0.3%.
Veteran fundie touts Ford-backed accessory maker to recover in 2023
Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In July 2022, Armytage Private Limited’s Founder and Executive Chairman selected ARB Corporation as one of his three favourite stocks, labelling the…
Major discovery at Woyla fuels resource definition drilling campaign
Far East Gold (ASX: FEG) has made a major greenfield discovery at their flagship Woyla project, with bonanza gold and silver grades being received in the first round of assays, reaching up to 78g/t Au and 631g/t Ag.
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