September 6, 2022

Chile No vote gives miners some time to regroup

The global mining industry can breathe more easily for the time being after Chile decisively rejected a new constitution that a majority of voters had decided was too radical. In overwhelmingly rejecting the proposed new constitution, Chilean voters also rejected President Gabriel Boric and his arguments that change would have ushered in a new area

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ASX moves higher, led by coal and lithium: Aus shares up 0.1%

Coal, one of Australia’s biggest commodity exports, has surged to record levels as a result of the energy crisis, with the price of Newcastle coal soaring to all-time highs as miners cash in amongst a deepening energy crisis in Europe. The price of thermal coal rose to a new high recently with Newcastle futures trading

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Cash rate increased by 0.5% to 2.35%, Strong case to slow pace, Our rate peak revised to 2.85%

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the RBA’s cash rate hike. Key points: The RBA raised the cash rate by 0.5% taking it to 2.35%, as widely expected.This is the fifth rate hike in a row, and the fourth 0.5% hike in a row and brings the total

Cash rate increased by 0.5% to 2.35%, Strong case to slow pace, Our rate peak revised to 2.85% Read More »

ASX falls post RBA rate hike: Aus shares close 0.4% lower

The ASX started off optimistically on Tuesday, but reversed early gains as investors mulled the Reserve Bank’s latest rate hike, closing down on the day. The RBA’s latest raise of 0.5 of a percentage point continues the central bank’s aggressive policy to try and tackle soaring inflation in Australia. At the closing bell, the S&P/ASX 200

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