Category: News

With the discovery of 1 million tonnes of rare earth oxides in Sweden’s north, the largest deposit of its kind found in Europe, Swedish firm LKAB has made a significant breakthrough in the rare earths space. 

High inflation has hit many countries hard in recent times. One country has had a particularly tough time: Argentina. With three decade high year-on-year inflation at 98.8% in January, up 6% from December, few countries have it that bad. 

Australian surveillance and security company Spectur Limited (ASX: SP3) has acquired 3 Crowns Technologies (3CT), giving the former control of the artificial intelligence technology business with integration set to commence in the week of 20 February 2023.

Clinical stage oncology company, Prescient Therapeutics, has a diverse stable of emerging and later stage assets across CAR-T and targeted cell therapies. The company has recently had significant developments with their targeted cell therapy PTX-100

Aussie explorer Fast East Gold Limited (ASX: FEG) has revealed two new vein discoveries within its highly prospective Woyla project in Indonesia, which has returned bonanza grade gold and silver assay results and is gaining momentum with its Phase 2 drill program.

Australian junior explorer Far East Gold (ASX: FEG) has announced the results of preliminary metallurgical tests from its flagship Woyla project in Indonesia which returned 91% for gold and 86% for silver.

The impact of rising interest rates on consumer spending is starting to be felt by the market, as this quarter’s earnings reports are showing signs of reduced household spare cash flows, which is impacting economic activity.

For something that mimics the intelligence of the average pigeon, artificial intelligence (AI) has spread its wings and swooped in on virtually every aspect of human existence from generating Beethoven’s symphony to help a judge make a court ruling.

Australian health and wellness business Wellnex Life (ASX: WNX) aims to build a notable presence in the over-the-counter pharmaceutical space with the launch of its wholly-owned Pharmacy Own brand of health and wellness products.

In the lead up to this week’s The Insider: Meet the Fund Manager, Gregg Taylor from Salter Brothers sat down with Reach Markets to provide a bit of information about his investment strategy, industries of interest and view on the market.

Every second week we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In October, Lowell Resources Fund Management’s John Forwood selected Matador Mining as one of his favourite stocks, noting its potential for building…

While ASX 200 has slightly continued it’s retreat, it is today (15/2/23) only 3.74% away from breaking its 20 April 2022 all time high, as a flood of earnings reports have started coming in. CSL revenue was boosted 19%, but net profit was down 7%. Treasury Wines lifted their dividend by 16.7%, while Netwealth posted record earnings. CBA released a record half yearly profit of $5.2 billion, but its shares dropped more than 5% as their net interest margin was shown to have peaked in October. JB Hi-Fi admitted consumer spending has started to slow.