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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Economy

First home buyers still frozen out

Strong price growth is not helping first home buyers. INVESTORS are boosting activity in the housing market meaning the Reserve Bank is unlikely to cut interest rates this year, economists say. The number of home loan approvals rose 0.9 per cent in November, beating market expectations of a 0.3 per …

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Economy

Confidence slides, but still elevated: ANZ

Consumers’ pessimism about their own finances had dragged overall confidence slightly lower. The ANZ-Roy Morgan Australian Consumer Confidence Survey fell 0.7 per cent to a level of 119.3 in the week ending January 15. ANZ senior economist Jo Masters said, despite the slide, consumer confidence remained at an elevated level. …

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Economy

Eight earn more than ’half the world’

Workers make last minute preparations inside the Congress Center ahead of the 47th Annual Meeting of the World Economic Forum in Davos, Switzerland. Picture: Laurent Gillieron/Keystone via AP) A HANDFUL of men have the combined wealth of more than half the world’s population, according to an analysis by Oxfam. Research …

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Economy

AAP Markets Report

INDEX LAST MOVE Dow Jones 19885.73 -5.27 S ONE AUSTRALIAN DOLLAR BUYS*: 0.7490 US DOLLARS 85.60 JAPANESE YEN 0.7059 EUROS 0.6238 UK POUNDS 1.0537 NEW ZEALAND DOLLAR 5.1713 CHINESE YUAN METALS MOVE CLOSE Gold $US/oz -3.60 1196.20 Copper $US/lb 0.0185 2.690 Iron ore 0.0 81.00 OIL (US$/barrel)* MOVE CLOSE WTI …

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Economy

Lenders take home loan holiday

January is a good time to secure a better deal on your borrowing power. Picture: iStock BORROWERS have the perfect opportunity to seize great deals in January while many lenders have taken a home loan hiatus. Staffing levels within financial institutions are significantly lower at the start of year experts …

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Economy

Gold Mountain bulk samples Crown Ridge

Gold Mountain has commenced phase 2 of its bulk sampling program at the Crown Ridge gold project, EL1968. The company has made the decision to begin an intensive, phase 2 bulk sampling program utilising 5m x 5m x 5m pits of 125 cubic metres. Portable heavy mineral test plant has …

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Economy

88 Energy sees more potential in Icewine

88 Energy (ASX: 88E) has identified additional resource potential for conventional leads across Project Icewine located in Alaska. Managing director Dave Wall said, “The results from the 2D seismic interpretation continued to exceed our expectations for the conventional potential across Project Icewine”. Based on internal estimates the gross mean prospective …

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Economy

Share market set to gain steam in 2017

Earnings growth, particularly in the revitalised resources sector, and Wall Street gains are expected to push the Australian share market higher in 2017. The majority of companies will report interim earnings in February and annual results in August. However, Donald Trump’s US presidency, European political instability – including Britain’s exit …

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