World News

China’s Evergrande fiasco: Could it spill over to Australia?

China’s Evergrande faces a possible default on debt payment.

Highlights China’s largest property group Evergrande faces a possible default on debt payment. The Chinese builder debt ballooned to 2 trillion yuan (or US$310 billion) by June 2021. The company has to pay interest dues of US$131 million...

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A Peek into latest developments in General Insurance sector

A Peek into latest developments in General Insurance sector

Highlights The Australian general insurance industry offers insurance coverage to insurers and reinsurers for various property and vehicle, travel, and directors and officers. ICA has announced measures to improve the affordability and availabi...

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Inside Locksley Resources’ (ASX:LKY) quest to unlock project value at Tottenham

Inside Locksley Resources’ (ASX:LKY) quest to unlock project value at Tottenham

Highlights Copper-focussed explorer Locksley Resources made its ASX debut in July 2021. Locksley has commenced drilling operation on its flagship Tottenham Copper Project. The drilling is aimed at collecting samples for geotechnical data and m...

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From CIMIC to NIB: Five stocks that created a buzz on ASX today

From CIMIC to NIB: Five stocks that created a buzz on ASX today

Highlights APA Group shares fell nearly 5% on the bid to acquire AusNet services. NIB Holdings’ shares rose on the nod to form a buying group with Honeysuckle Health. CIMIC shares fell nearly 4% despite securing the contract. RPMGlobal ...

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Will France retaliate by hampering EU-Australia FTA?

Will France retaliate by hampering EU-Australia FTA?

Highlights The Australian Trade Minister – Dan Tehan calls the ongoing diplomatic crisis between France and Australia a “business as usual”. Britain and Australia insisted the diplomatic crisis would not affect the French-Aus...

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Empire Resources (ASX:ERL) maintains strong financial stance after repaying loan facility

Empire Resources (ASX:ERL) maintains strong financial stance after repaying loan facility

Highlights Empire Resources has repaid the loan worth AU$1.5 million borrowed from Michael Ruane, ERL’s Non-Executive Chairman and major shareholder. ERL utilised proceeds from the sale of its shares held in DCN to repay the loan facility...

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ASX trims losses as mining, energy stocks rebound; APA falls after AusNet offer

ASX trims losses as mining, energy stocks rebound; APA falls after AusNet offer

Australian shares reversed most of the early losses by mid-session, led by buying in energy and material stocks. Market sentiment also received a boost after data showed that falling COVID-19 cases in NSW coupled with Victoria’s plan for easi...

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Magnesium hits 13-year highs on China’s environmental concerns

Magnesium hits 13-year highs on China’s environmental concerns

The International Magnesium Association stated on Monday that the prices of magnesium have rallied to their highest level in the last 13-years in Europe and are expected to rise further before coming to a normal level by the end of the first h...

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Why should world worry about Evergrande collapse?

Why should world worry about Evergrande collapse?

Highlights Fears of default are looming large for China’s Evergrande Group. The property developer owes US$305 billion in debt across markets. This would be the biggest test for China’s financial system in years. In August of ...

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ASX 200 plummets at opening as Evergrande raises global concerns

ASX 200 plummets at opening as Evergrande raises global concerns

  • September 21, 2021 12:49 PM AEST
  • Aayush

Highlights As of 10:30 AM AEST, the ASX 200 extended its losses, trading 0.41% or 30 points lower at 7,218.2. The market breadth is on the weaker side with 10 out of the 11 sectors trading in red. Iron ore prices have tumbled below US$100 per ...

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Platina Resources (ASX:PGM) powers ahead amidst buoyant scandium market

Platina Resources (ASX:PGM) powers ahead amidst buoyant scandium market

Highlights Platina Resources is advancing well on its New South Wales project, aiming to tap global market opportunities for scandium.  Aluminium-scandium master alloy, a value-added, higher-margin, and readily saleable product, enjoys str...

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