Archives

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
Filter by categories:
ASX Tumbles Amid Rise in US Inflation Rate
Market Updates

ASX Tumbles Amid Rise in US Inflation Rate

On May 13, 2021, ASX indices witnessed selling amid global sell-off in stocks. The U.S. Bureau of Labor Statistics stated that the consumer price index for all urban consumers (or CPI-U) rose by 0.8% in the month of April on the seasonally adjusted b...

Surefire Resources (ASX:SRN) Initiates Production Study at Perenjori Iron Ore Project
Sponsored

Surefire Resources (ASX:SRN) Initiates Production Study at Perenjori Iron Ore Project

Base metals-focused explorer Surefire Resources NL (ASX:SRN), in an upbeat market update, announced the commencement of a high-grade iron-ore production study at the Perenjori Iron Ore Project. The significant update on the Perenjori Iron Ore Proj...

  • May 13, 2021 07:29 PM AEST
  • Akshay
TMZ gets control of Texas Silver base metal district with Silver Spur Mine acquisition
Stock Market

TMZ gets control of Texas Silver base metal district with Silver Spur Mine acquisition

Summary Thomson Resource Limited has entered into a binding term sheet to acquire Silver Spur Mining Lease ML 5932 from Cubane Partners Pty Ltd. The acquisition would give full control of the Queensland-located Texas Silver base metal district ...

Pro Medicus (ASX:PME) solidifies US footing with University of Vermont deal
Stock Market

Pro Medicus (ASX:PME) solidifies US footing with University of Vermont deal

Summary Pro Medicus’ US subsidiary, Visage Imaging has signed AUD 14 million deal with University of Vermont that will last for eight years. Pro Medicus purchased Visage Imaging in January 2009. The deal will see Visage 7 Enterprise Imag...

Hot Stocks To Keep On Your Radar Today!
Stock Market

Hot Stocks To Keep On Your Radar Today!

The S&P/ASX200 closed lower on Thursday, dropping -62.20 points or -0.88% to 6982.70. However, some stocks gained substantially. Among top gainers were Whitehaven Coal Limited (ASX:WHC) that clocked 5.72% gains, GrainCorp Limited (ASX:GNC) that ...

How could the red-hot iron ore rally benefit investors?
Commodities

How could the red-hot iron ore rally benefit investors?

Summary Iron ore prices have registered a record rally in recent weeks, with prices surging to record high levels. A robust economic recovery in the US and China, coupled with generous stimulus packages, have fueled the rally. The price surge ...

ASX slips below 7000-mark as inflation woes continue; tech stocks fall over 4%
Stock Market

ASX slips below 7000-mark as inflation woes continue; tech stocks fall over 4%

Summary The benchmark index ASX 200 slipped below 7000-mark as rise in US inflation triggered a panic in the market. Ten out of 11 sectors were trading in red, while Information Technology tumbled over 4%. Perenti Global was the worst per...

The Buzzing Trends on ASX today
Stock Market

The Buzzing Trends on ASX today

S&P/ASX200 closed its day lower with a drop of 77.20 points to 6967.70. The trading started weak on the back of more than expected US inflation data in the last 12 years for April 2021. This higher inflation data also points out that further sel...

3 ASX Green Stocks Under the Spotlight
Stock Market

3 ASX Green Stocks Under the Spotlight

Summary Metal recycling company Sims is expecting underlying EBIT for full-year FY21 to be A$260- A$310 million.  Pearl Global signed a new 5-year sales major agreement with Stanley Macadam Pty, expanding its presence in the asphalt market...

Looking for long-term stocks? Here are two ASX mid-cap shares for 2021
Stock Market

Looking for long-term stocks? Here are two ASX mid-cap shares for 2021

The fortunes of the mid-cap stocks are closely linked to the economy. As the economy recovers, mid-cap stocks start to perform well as these are dependent more on local factors than exports. These stocks even have potential to outperform large-cap ...

  • May 13, 2021 03:25 PM AEST
  • Ashish
Bears grip APAC markets on inflation woes
World News

Bears grip APAC markets on inflation woes

The bears seem to have gripped the Asia Pacific (APAC) markets for the second day on the trot, driven by the fears of rate hikes by the central banks. All the indices in the region, save the Taiwanese markets, were trading in red. The Taiwan Weigh...

A FORCe to reckon with: How Fiducian’s flagship software stands out from its peers
Sponsored

A FORCe to reckon with: How Fiducian’s flagship software stands out from its peers

Do you struggle with planning your finances? Have you planned your finances to meet your future financial needs? Of course, no one can be sure about the future, but a little preparedness does not hurt anyone. Moreover, it is said that a stitch in...

Five most talked-about stocks for the day
Stock Market

Five most talked-about stocks for the day

Summary The large cap IT stock, APT has taken a hit of around 4.2% in its share price today. Zip Co, an arch-rival of Afterpay, is also trading in the red zone. CBA released its quarterly on Wednesday, reporting an unaudited statutory NPAT of ...

  • May 13, 2021 02:46 PM AEST
  • Aayush
Wright or Wrong? The Curious Case of The Self-Proclaimed Bitcoin Creator
Cryptocurrency

Wright or Wrong? The Curious Case of The Self-Proclaimed Bitcoin Creator

Summary Australian computer programmer and entrepreneur Dr Craig Wright has once again had a court case postponed to November. In one of several lawsuits Wright is currently involved in, he is being sued by the brother of his former business pa...

5 Blue-chip Stocks on Investors’ Radar
Stock Market

5 Blue-chip Stocks on Investors’ Radar

Summary Blue-chip stocks are better cushioned against the market risk due to the extensive coverage of operations and a strong liquidity position.  APRA has increased operational capital requirement for Macquarie Bank Limited, with adjustm...

Five penny stocks making a splash today
Stock Market

Five penny stocks making a splash today

As of 1:45 PM AEST, the ASX 200 is trading 0.45% lower at 7,013.2, marking its third consecutive losing day. On Wednesday, the US inflation data came out and surprised Wall Street with an unexpected rise by 4.2%, highest since 2008. Image Source...

  • May 13, 2021 02:09 PM AEST
  • Aayush
Xero’s (ASX:XRO) FY21 results fail to cheer the market despite solid H2 recovery
Stock Market

Xero’s (ASX:XRO) FY21 results fail to cheer the market despite solid H2 recovery

Summary Xero Limited announced its FY21 results with impressive growth in operating growth and subscriber base, driven by solid performance in Australia and New Zealand. The Company witnessed a remarkable recovery in international markets in H2...

Top 5 ASX gainers of the day
Stock Market

Top 5 ASX gainers of the day

The ASX 200 traded lower on Thursday amid concerns around a surge in inflation in the US. The inflation-related fears are expected to keep the global stocks under pressure in the coming few days as investors anticipate interest rate hike by the Fed...

  • May 13, 2021 01:42 PM AEST
  • Ashish
Bitcoin crashes as Tesla does a U-turn on the largest crypto
World News

Bitcoin crashes as Tesla does a U-turn on the largest crypto

The Palo Alto-headquartered electric vehicle maker Tesla Inc (NASDAQ: TSLA) will stop using Bitcoin as payment mode for car purchases, CEO Elon Musk has said in a tweet. The price of Bitcoin, has since crashed by 15.8% and is trading below the US$5...

ASX falls as inflation fears spooks tech stocks; Afterpay hits 7-month low
Stock Market

ASX falls as inflation fears spooks tech stocks; Afterpay hits 7-month low

The benchmark index ASX 200 continued to trade in negative terrain on Thursday, extending losses for the third straight session, as persistent concerns over a potential spike in US inflation kept investors jittery. The S&P/ASX200 was ...

Three blue-chip stocks that can remain unfazed by inflation woes
Stock Market

Three blue-chip stocks that can remain unfazed by inflation woes

Summary In the wake of rising inflationary pressure, the commodity prices tend to move consistently up, which bodes well for the BHP Group. Xero is a AU$19.9 billion online accounting software provider, with its client base ranging from small t...

  • May 13, 2021 12:26 PM AEST
  • Aayush
Platinum Asset Management Ltd to Continue Its Upward Trajectory?
Stock Market

Platinum Asset Management Ltd to Continue Its Upward Trajectory?

Platinum Asset Management Ltd. (ASX: PTM) rallied 29.47 percent in the past few months, from the low of AUD 3.97 made on 06 January 2021 to a new 52-week high of AUD 5.14 tested on 18 March 2021. Post that the stock entered a correction phase. Desp...

ASX Stock That Went 2X Post Important Announcement
Stock Market

ASX Stock That Went 2X Post Important Announcement

Summary Helix Resources has unveiled an exciting hit at its 70% owned Canbelego Copper Project. The second hole has encountered a massive copper sulphide mineralisation. This is a follow-up hole to the first hole, which encountered an encourag...

COVID-19 continues to hammer India; global cases decline
World News

COVID-19 continues to hammer India; global cases decline

The spread of the COVID-19 pandemic in India continues to test the limits of the country’s healthcare system, even as the global situation has visibly improved. In last seven days, the fresh cases reported by India – the new epicentre ...

ASX 200 today: How US inflation concerns weighed on Australian shares
Stock Market

ASX 200 today: How US inflation concerns weighed on Australian shares

The ASX 200 opened in the negative zone as fears around rise in inflation in the US held ground.   The tech stocks were the major losers as investors anticipated tighter monetary policy, leading to further sell-off in growth stocks. Meanw...

  • May 13, 2021 11:25 AM AEST
  • Ashish
Saunders International Bags New Infrastructure Projects Worth AU$11 Million
Sponsored

Saunders International Bags New Infrastructure Projects Worth AU$11 Million

Delivering high-quality engineered solutions to multiple sectors, engineering & construction business Saunders International Limited (ASX:SND) has been actively adding on to the growth of industries across Australia. Notwithstanding the challe...

  • May 13, 2021 10:19 AM AEST
  • Sukriti
Amazon Dodges US$300 Million EU Tax Order
World News

Amazon Dodges US$300 Million EU Tax Order

Summary European judges noted that the European Commission failed to show proof of preferential treatment to Amazon by Luxembourg. European Commissioner for Competition Margrethe Vestager had filed the tax evasion case against Amazon. In 2020,...

ASX 200 on Thursday: Top 5 things to watch out
Stock Market

ASX 200 on Thursday: Top 5 things to watch out

The ASX 200 is expected to open marginally lower on Thursday amid concerns around stronger-than-expected US inflation data. The sentiment would be low as investors would now be concerned about further selling of growth stocks on Wall Street amid pr...

  • May 13, 2021 09:13 AM AEST
  • Ashish
ASX 200 to fall for the third day following the global sell-off
Stock Market

ASX 200 to fall for the third day following the global sell-off

On Wednesday, the Australian market witnessed second consecutive session of a hefty fall of over 1%. The market settled 0.73% down, at 7044.9, after recovering from the low of 7006.6. Major losing sectors were mining and financials, as global inves...

  • May 13, 2021 08:45 AM AEST
  • Aayush
Why Tilt Renewables’ (ASX:TLT) FY21 profit plunged 86%
Stock Market

Why Tilt Renewables’ (ASX:TLT) FY21 profit plunged 86%

Tilt Renewables Ltd (ASX:TLT) on Thursday reported muted earnings for the year ended 31 March 2021 on account of fiscal 2021 being a transition year following the sale of the 270MW Snowtown 2 Wind Farm (SWF2) in the prior period, combined with the ...

  • May 13, 2021 08:21 AM AEST
  • Ashish
US Consumer Prices Rise By 4.2%, The Fastest Pace Since 2008
World News

US Consumer Prices Rise By 4.2%, The Fastest Pace Since 2008

The US Consumer Price Index (CPI), a key gauge for changes in commodity and services prices, rose 4.2% in April, compared to the same period a year ago, as demand for various goods surged amid a significant improvement in the economy following the ...

SoftBank Posts US$46bn Annual Profit, Highest By A Japanese Company
World News

SoftBank Posts US$46bn Annual Profit, Highest By A Japanese Company

Summary SoftBank's full-year net profit soared to 4.99 trillion yen or US$46 billion, the highest for any Japanese company to date. SoftBank's profit surpassed Microsoft's record annual net profit of US$44.28 billion for its fiscal year ended J...

Now Google Pay Users In US Can Send Money To India, Singapore
World News

Now Google Pay Users In US Can Send Money To India, Singapore

Summary It is Google’s first foray into the US$470 billion global remittance market. The payment can only be made between two individuals, and there is no fee for the service. Google Pay, earlier called Android Pay, currently has around ...

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK