Economy

Volt positive on Namangale quality

Volt Resources’ testing on Namangale concentrate has shown it is highly suitable for producing commercial grade expandable graphite for use in flame retardant foam, graphite foil and other applications. This is highly encouraging for Volt, as proposed regulatory changes in China and Europe for the mandatory use of non-toxic substances …

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Economy

Jobs and inflation to drive local market

With little in the way of firm leads from overseas markets the ASX is likely to be shaped by domestic data, particularly in relation to the release of consumer inflation and employment figures. While Fed Chair Janet Yellen addressed the Commonwealth Club in San Francisco the comments that inflation was …

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Economy

Dick Smith welcomes home Vegemite

Entrepreneur Dick Smith has welcomed Vegemite’s return to Australian ownership -and says he would have paid even more for it. Mr Smith, whose eponymous food company sells rival OzEmite as a locally owned alternative to the famous yeast spread, said he was delighted to hear Bega Cheese had agreed to …

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Economy

Kiwi falls against strong greenback

The New Zealand dollar has fallen from a month-high after US inflation and industrial figures showed the slow recovery in the world’s biggest economy is on track, giving the Federal Reserve room to hike interest rates this year. The kiwi declined to US71.64 cents as at 8am on Thursday in …

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Economy

NZ shares ease in light volume

New Zealand shares fell, with volumes still low. Westpac Banking Corp, A2 Milk Co and Tegel Group Holdings all dropped though New Zealand Refining Co gained. The S “There were some mildly negative leads overnight, mainly from Europe,” said James Smalley, a director at stockbroker Hamilton Hindin Greene. “Asia’s pretty …

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Economy

Cameron linked to Bellamy’s board ructions

Kathmandu co-founder Jan Cameron is behind an attempt to shake up Bellamy’s board, the infant formula maker says. Black Prince Private Foundation is Bellamy’s largest shareholder with a 14.5 per cent stake in the Tasmanian company. In a response to a request for information from the baby food maker, Black …

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Economy

Asian outlook bright despite uncertainty

Asia’s economic outlook for 2017 is strong despite slowing global growth due to sluggish international trade and investment, a United Nations report says. The world economy grew 2.2 per cent in 2016, the slowest pace since the end of the 2008 financial crisis. Britain’s plan to leave the European Union …

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Economy

NZ dollar rises to highest since mid-Dec

The New Zealand dollar rose above 72 US cents, its highest level since mid-December, as investors in the United States moved to unwind trades based on the anticipated inflationary policies of President-elect Donald Trump. The Kiwi was trading at 72.04 US cents at 5pm, a slight increase on 72.02 US …

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Economy

Global markets plunge on Trump uncertainty

With every major global overseas market index having fallen overnight, the attention has to turn to gold when the ASX opens on Wednesday morning. Adding further lustre to the precious metal will be the fact that it gained circa US$20 per ounce as US markets unravelled. Negative sentiment across global …

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Economy

AirXpanders performs AeroForm in US

AirXpanders has performed the first commercial AeroForm procedure in the US following its US FDA de novo clearance granted on December 21, 2016. AeroForm offers a needle-free alternative for women who choose reconstructive surgery following a mastectomy. The company is currently executing a targeted market release in the US. AeroForm …

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