Economy

What's the new proposed open-ended investment fund?

 What's the new proposed open-ended investment fund?

Highlights  The Financial Conduct Authority (FCA) has confirmed that it would create a new type of Open-ended authorised investment fund. It will support investment in assets such as private equity and infrastructure. The new rules will c...

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Buying in Consumer Cyclicals Sector Supported Australian Market

Buying in Consumer Cyclicals Sector Supported Australian Market

On 26th October 2021, equity market in Australia ended in green. There was buying pressure on consumer cyclicals as well as industrials sectors. Notably, ASX 20 and ASX MIDCAP50 rose by 0.10% and 0.12%, respectively. Also, ASX 200 witnessed a rise of...

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Top ASX solar players under the spotlight amid rising energy demand

Top ASX solar players under the spotlight amid rising energy demand

Highlights Energy demand is increasing day by day as the global population grows. The solar energy industry has made tremendous growth in the past few years. At the end of 2020, there was more than 700 GW of solar capacity installed around the...

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Musgrave Minerals’ robust September Quarter augments its gold run

Musgrave Minerals’ robust September Quarter augments its gold run

Musgrave Minerals Limited (ASX: MGV) recently released September 2021 Quarterly report during which it undertook many gold exploration initiatives. The Company remained active on its Cue gold exploration projects, with a total of 92 Reverse Circula...

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Which Australian state has the strongest economy?

Which Australian state has the strongest economy?

Highlights  Tasmania has been given the title of the best performing state economy for the June quarter by CommSec, under its State of the States report. Tasmania has taken the lead in four indicators: retail spending, job market, construc...

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Mount Burgess paces Nxuu drilling programme in September Quarter

Mount Burgess paces Nxuu drilling programme in September Quarter

Highlights Mount Burgess Mining reported significant progress of the drilling programme at its Nxuu Deposit in Western Ngamiland, Botswana.  The Nxuu Deposit is a shallow basin-shaped polymetallic deposit hosting mineralisation of Zinc (Zn...

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IPO watch: How GQG Partners shares performed on ASX debut

IPO watch: How GQG Partners shares performed on ASX debut

Highlights GQG Partners Inc has quoted GQG’s CHESS depositary interests (CDIs). By raising AU$1.187 billion, it has become the biggest IPO of the year. 68% of the shares are retained by the Chief Investment Officer and executive chairman...

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Energy stocks lead ASX 200 higher as it set a new 20-day high

Energy stocks lead ASX 200 higher as it set a new 20-day high

  • October 26, 2021 05:32 PM AEDT
  • Sukriti

The ASX 200 opened higher today and traded at the highest it has been in about five weeks. Eventually, the index closed up, gaining 25.50 points or 0.34 per cent to 7,441.00 and set a new 20-day high. Over the last five days, it has gained 0.81 per...

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From Ampol to Crown Resorts: Five ASX stocks that made a splash today

From Ampol to Crown Resorts: Five ASX stocks that made a splash today

Highlights Ampol shares rose over 1% on robust performance in Q3 FY21. Mineral Resources plunged 7.5% after announcing its September quarter business report. Reliance Worldwide shares fell on plans to acquire US plumbing supplies business. ...

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After the launch of EIP-1559, Ethereum burn hits US$2 billion

After the launch of EIP-1559, Ethereum burn hits US$2 billion

Highlights  Since the introduction of EIP-1559 on 5th August, around US$2 billion of Ether has been burned The EIP intends to prevent inflation, boost Ether's economic worth and stabilise the transaction fee market. Since the introduc...

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What are GMR Finance cryptocurrency tokens?

What are GMR Finance cryptocurrency tokens?

Highlights GMR crypto was developed as a gaming crypto, with an idea to bring the global gaming community together with its in-house token. Its token holders are rewarded with royalty for staking the token for longer periods. Owing to bearish ...

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