Category: News

Aussie equity markets surged yesterday on the back of a smaller-than-expected interest rate hike by the RBA. Coming in at 25 basis points and lifting the official cash rate target to 2.6%, it was half the 50 basis point hike that was widely forecast by economists and already priced in by markets.

It’s the parody of running funds, says Merchant’s Andrew Chapman: “Everyone wants to invest when things are going well, but that’s when it’s harder to make money. No one wants to invest when things are going bad. And ironically, that’s the best time to make money

Australia’s pharma landscape is in for arguably one of the largest developments in recent times – the long-awaited move to allow over-the-counter medicinal cannabis sales.

After more than 40 years of little to no innovation, a critical part of the mining industry is ripe for disruption.

In case you missed it, and for what it’s worth, Merriam-Webster has just added the abbreviations ICYMI and FWIW to its dictionary – along with 368 other new words from the realms of finance, business, tech, health, work, fun, slang and more.

Aussie gold explorer Far East Gold has broken further ground in its highly prospective 24,260ha Woyla copper-gold project, with recent samples encouraging the deployment of a second drill to complete Phase 1 of its diamond drill program.

With $10 trillion in prize money given to each of the 10 winners of this year’s Ig Nobels – the Nobel-esque prizes for comical scientific achievement – it’s fair to say lives will be changed.

Rate hikes have been the talk of the town here at home and in the US. While the RBA’s recent 50bp hike pushed the Aussie cash rate to its highest level since 2015, its US counterpart took it up a few notches to 75bp, bringing the US federal funds rate target to its highest since 2008.

Equity markets around the globe have bled after yet another supersized 75bps rate hike by the Fed, bringing the current US federal funds rate target up to 3%-3.25%, the highest since 2008, and blowing out 2023 projections to 4.6%.

Great white sharks are swimming in increasing numbers along the WA coastline, as well as increasingly close to shore, so it’s little surprise the WA Government has again turned to an Aussie company to install solar-powered tagged-shark detection receivers in the region.

ASX-listed biotech Prescient Therapeutics has unveiled the second component of its CellPryme cell therapy enhancement platform on stage at the prestigious CAR-TCR Summit in Boston.

Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In April, Yarra Capital Management’s Joel Fleming selected Probiotec as one of his favourite stocks, noting its potential for strong cash flow…