Daily FNArena News

As expected, the RBA has left its cash rate unchanged at 7.25%.

All of a sudden, the mobile phone is emerging as the most important medium for the future of advertising.

Babcock & Brown received some good news yesterday when its banking syndicate waived the need to review the facility but with asset sales still needed brokers are not getting too excited.

CLSA’s June survey into Chinese manufacturing confirms Chinese manufacturers continue battling with higher input costs.

Austock Securities has toured the assets of Macquarie Infrastructure Fund and this has not changed the stockbroker’s positive view on the stock at current levels.

March quarter GDP data was weak and the restrictive level of interest rates at present makes a recession likely in New Zealand.

The TD Securities-Melbourne Institute Inflation Gauge shows higher fuel and rent prices are keeping the pressure on inflation, meaning interest rates may yet go higher.

Mine workers in Peru – the world’s largest silver producer and second largest copper and zinc producer – were set to strike at midnight Sunday.

The world is preparing for an European rate hike as the US Treasury secretary makes a mercy dash to Europe.

Malachite Resources believes it is sitting on a long term silver mine of globally comparable significance.