GM’s Electric Pivot Goes into Overdrive
General Motors this week accelerated its already ambitious Electric Vehicle and battery plans, highlighting just how quickly Australia is being left behind in the renewables and EV sectors.
Read MoreGeneral Motors this week accelerated its already ambitious Electric Vehicle and battery plans, highlighting just how quickly Australia is being left behind in the renewables and EV sectors.
Read MoreAir New Zealand is forecasting a big loss for the year to June and a repeat of that loss in the new 2022 financial year – taking the two-year total to around $NZ900 million.
Read MoreNew Zealand has joined Australia in enjoying economic growth above the pre-Covid levels, with 2.4% growth for the year to March, more than double Australia’s 1.1%.
Read MoreThe great 2021 commodity price boom is over for the time being after the US Federal Reserve did what the all the huffing and puffing by the Chinese government about high prices couldn’t do.
Read MoreJobs growth surprised on the upside in May with employment rising by 115,000 as any fears of the lingering impact of the ending of JobKeeper disappeared.
Read MoreFees paid by households to Australian banks in 2020 fell at the fastest rate in a decade thanks to the impact of the pandemic and the associated lockdowns.
Read MoreUpdates Thursday from the Kerry Stokes-controlled Seven West Media, annuities group Challenger, and NSW miner Whitehaven Coal had varying effects on their respective share prices.
Read MoreThe market didn’t like the news that supermarkets giant Coles plans to boost spending on new facilities – not so much stores – by more than $2.5 billion over the next two years.
Read MoreFor the third time this year, NSW coal miner Whitehaven Coal has trimmed its full-year production guidance, although it reaffirmed previous forecasts for total managed coal sales and unit costs.
Read MoreDespite forecasts that demand for gold from jewellers and central banks will recover in 2021, traders weren’t listening on Wednesday in the wake of the Fed’s new inflation forecasts.
Read MoreUS markets fell after forecasts from the Fed’s latest meeting revealed projections that included sharply higher inflation this year and the two rate rises in two years time.
Read MoreThe Fair Work Commission has done its bit for Australian wage growth with a 2.5% jump in the national minimum wage – just as the Reserve Bank had hoped.
Read MoreInvestors loved yesterday’s June quarter update from biotech Avita Medical, in which the company raised its guidance due to the strength of orders for its flagship product Recell.
Read MoreFor the second month in a row, China’s crude steel output hit a monthly high in May as producers shrugged off record iron ore prices and attempts by the government to limit production and emissions.
Read MoreChina’s final drop of economic data for May was, as we have seen for the past couple of months, mixed and less buoyant than forecast.
Read MoreInsurance Australia Group surprised investors on Wednesday with a jump in its claims – this time from last weekend’s floods in southern Victoria.
Read MoreBig fund managers believe the current burst of inflation will be temporary, and trades lasting longer are now ‘overdone’, according to Bank of America’s Global Fund Manager Survey for June.
Read MoreA number of updates emerged after the long weekend, with the headline act coming from metal recycler Sims Ltd, which produced its second earnings upgrade in the past year.
Read MoreFresh on the heels of chief financial officer Stephen Doyle exiting the business, data forensics group Nuix has now lost chief executive officer Rod Vawdrey as well.
Read MoreShares in struggling Melbourne-based retail supplies group McPherson’s plunged 20% at one stage yesterday after the company’s would-be bidder pulled its offer.
Read MoreUS private equity firm Oaktree has finessed its approach to buy James Packer out of Crown by offering to lend Crown the money to finance the buyback.
Read MoreThe Bank of Queensland has joined its larger peers, slicing its collective provisioning for the 2020-19 year by $75m thanks to the improved economic outlook.
Read MoreAustal has cut its full-year guidance, blaming the impact of supply chain disruptions for its shipyards and the expected costs or possible fines from recent regulatory legal action.
Read MoreMuch-hyped US startup Lordstown Motors has lost its CEO and CFO only days after the company warned that it may not be a going concern without a major wedge of new capital.
Read MoreThose in the markets with short memories have started talking about the possibility of ‘oil at $US100 a barrel’ as prices continue to rise past $US70 a barrel mark.
Read MoreThe prospects of BHP’s huge Chilean copper mining and processing business being hit with a damaging series of strikes has been averted after last minute deals with its unions.
Read MoreWhile the outcome of this week’s two-day meeting of the Fed will dominate market attention, for Australia there is an important reminder about the health of our own economy.
Read MoreDespite a slippage in total car sales in May, China continues to do its utmost to stimulate sales of what it calls New Energy Vehicles (NEVs), which again surged thanks to government subsidies.
Read MoreMore questions for embattled tech stock Nuix with media reports yesterday claiming that Chief Financial Officer Stephen Doyle has left the company under dubious circumstances.
Read MorePremier Investments has lifted its revenue and earnings guidance for the 2020-21 financial year, seemingly having escaped the sluggish sales other retailers have been talking about.
Read MoreWith just under three weeks to go to the end of the 2020-21 financial year, corporate regulator ASIC has revealed its hit list for June 30 reporting companies.
Read MoreAustralia’s iron ore exports to China from Port Hedland hit their highest level in 11 months in May despite Chinese attempts to undermine trade and suppress prices.
Read MoreSomething to chew on for the Fed next week after US consumer prices rose by the most in nearly 13 years in May to reignite concerns about inflation.
Read MoreCorporate regulator ASIC has launched an action against Perth-based shipbuilder Austal and its former CEO, David Singleton, for alleged breaches of the Corporations Act and ASIC Act.
Read MoreWoolworths will be allowed to buy control of food services company PFD after all, with the ACCC reversing an earlier preliminary ruling that the deal could lessen competition.
Read MoreA boomer of a June half for Globe International, the Melbourne-based designer, producer and distributor of board sports, street fashion, outdoor and workwear clothing and products.
Read MoreBoral shares sagged a little yesterday after it told its shareholders to reject the $8 billion, $6.50 per share off-market takeover bid from Kerry Stokes’ Seven Group Holdings.
Read MoreShell has thrown down the gauntlet to all who predicted the company’s loss in a Dutch court last month on its pace of emission reduction would not matter and would be overturned on appeal.
Read MoreRex revealed on Wednesday that Victoria’s COVID-19 outbreak, which forced it to cancel dozens of flights in and out of Melbourne, has ended its hopes of breaking even this financial year.
Read MoreNo sign of an ‘inflation scare’ from Chinese consumer price movements, as inflation data for May yesterday revealed prices grew 1.3% year on year compared to forecasts of 1.6%.
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