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Market Insights and Finance News

Market Insights and Finance News

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Magmatic to use funds to restart exploration at Wellington North

A day after the placement and substantial shareholding notice showing a 19.9 per cent stake emerged from Fortescue (ASX:FMG), Magmatic Resources (ASX:MAG) has given the…
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No rate cut, but no increase

No rate cut from the RBA on Tuesday and no increase as well -- the cash rate remains at 4.35 per cent for as long…
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BoJ gives first rate rise in 17 years

Unlike Australia, which didn’t get a rate rise or cut on Tuesday, the Bank of Japan (BoJ) has given that country what amounts to the…
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Magmatic to use funds to restart exploration at Wellington North

A day after the placement and substantial shareholding notice showing a 19.9 per cent stake emerged from Fortescue (ASX:FMG), Magmatic Resources (ASX:MAG) has given the…
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New Hope hurt by decline in coal prices

As forecast, after a mixed first half production and pricing report, coal miner New Hope Corporation (ASX:NHC) suffered a 62.4 per cent drop in its…
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Torque Metals (ASX:TOR) discusses high-grade lithium hits at New Dawn

Torque Metals Limited (ASX:TOR) Managing Director Cristian Moreno discusses the roadmap for the company and promising recent results.Paul Sanger: I'm Paul Sanger for the Finance…
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Stocks of the Hour: Cyclopharm, lonic Rare Earths, Metals Acquisition

Cyclopharm (ASX:CYC) announced that its first USA Technegas clinical patients were imaged last week at two preeminent clinical sites located in St Louis, Missouri and…
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KMD Brands takes a dive

Kiwi-based sportswear retailer KMD Brands (ASX:KMD) has confirmed the weak guidance issued a month ago for a slump in sales and a big loss for…
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ASX drifts ahead of RBA rates decision

Australian shares drifted in and out of negative territory in thin trading after a positive open as the market awaits the Reserve Bank’s rates decision…
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Stokes’ bid for Boral hits road bump

Kerry Stokes’ Seven Group Holdings (ASX:SVW), hoping for an easy mop-up bid for the rest of Boral (ASX:BLD), has hit heavy going with the target…
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Strong Chinese Industrial Production pushes iron ore back above $100 per tonne

A slightly better than expected performance by China’s steel industry in January and February and more positive data on industrial production for the same period,…
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Stronger than expected Chinese Industrial Production & Retail Sales surprise

If anything, China’s economy struggled to maintain momentum in January-February, despite a return to consumer price inflation (not deflation), stronger imports and exports and rises…

KMD Brands takes a dive

Kiwi-based sportswear retailer KMD Brands (ASX:KMD) has confirmed the weak guidance issued a month ago for a slump in sales and a big loss for…

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