RBA rate hike looks ‘unwarranted’ as CPI print surprises on the downside
[ad_1] Market experts largely agree that the Reserve Bank of Australia (RBA) is unlikely to consider raising interest rates at its next meeting after the latest price indicator showed inflation, though sticky, appears to be improving. The Consumer Price Index…
Peninsula resumes uranium production after five-year hiatus
[ad_1] peninsula energy (ASX:Pen) has restarted uranium production at its Rance project in Wyoming, USA, after a five-year suspension. Production resumed within Mine Unit 1 (MU-1) on December 18, 2024. uranium recovery The facility was originally constructed in 2015 using…
Financial crimes need a new approach
[ad_1] Financial institutions, rich in personal and financial data, are a lucrative target for criminals. Lack of expertise and legacy IT systems compound the threat posed by criminals whose skills and capabilities are often light years ahead of the institutions…
Politics is a “springboard” for volatility, but not the biggest factor, strategists say
[ad_1] In a recent survey of global market strategists, Natixis investment managers found that 47 percent of respondents thought geopolitical conflict was just as likely as consumer spending to be what ends the current market rally, making them the top…
Woodside swaps assets with Chevron
[ad_1] woodside energy (ASX:WDS) announced an asset exchange with Chevron. The deal will see Woodside strengthen its position in Western Australia’s North West Shelf (NWS) projects, while selling its interests in the Wheatstone and Julimar-Brunello projects. The transaction also includes…
Mesoblast receives FDA approval for Lioncil
[ad_1] mesoblast (ASX:MSB) has received U.S. Food and Drug Administration (FDA) approval for Lioncil (Remestemcel-L), making it the first mesenchymal stromal cell (MSC) therapy approved for any indication in the United States. Lioncil is the only FDA-approved therapy to treat…
How are fixed income investors thinking during the US election?
[ad_1] Following the withdrawal of US President Joe Biden from the 2024 presidential election. on July 21, pundits continue to assess the impact of a presidency led by either Republican nominee Donald Trump or presumptive Democratic nominee Kamala Harris. In…
Should banks hire hackers?
[ad_1] US prosecutors have just charged a Russian hacking group called “Evil Corp” with stealing $100 million from institutional and individual bank accounts over a decade. The group uses malware – ‘Bugat’ – which uses keylogger software to collect personal…
ABx Group and ALCORE secure Tasmanian Government support for world’s first pilot plant
[ad_1] ABx Group Co., Ltd. (ASX:ABX) and its 83% owned subsidiary, ALCORE Limited, have made significant progress in driving innovative projects, with the Tasmanian Government extending strong support for its groundbreaking work. ALCORE has received indicative terms of a $1…
Institutional demand for gold was a key driver of a record high in the second quarter
[ad_1] A “healthy” over-the-counter (OTC) market, with institutional investors and family offices turning to gold for portfolio diversification, helped boost global demand to record levels in the second quarter, according to the World Gold Council (WGC). In its latest update,…