China sets ambitious economic targets
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For yet another year, China has issued what amounts to a wish list of economic targets for the economy in 2024.
Read MoreFor yet another year, China has issued what amounts to a wish list of economic targets for the economy in 2024.
Read MoreFor yet another year, China has issued what amounts to a wish list of economic targets for the economy in 2024.
Read MoreAlbemarle is looking to raise more than $US2.1 billion (over $A3.2 billion) in a share issue to investors as it seeks to maintain high levels of liquidity to ride out the current downturn in demand for lithium and the concurrent price slide.
Read MoreWorld gold prices surged strongly on Monday, leaping back over $2,100 an ounce on Comex in New York. Silver prices also rose sharply as analysts struggled to pinpoint a driving factor for the strong gains.
Read MoreBusiness inventories wield considerable influence over GDP growth, often introducing unpredictability into economic forecasts.
Read MoreHome building has begun 2024 weakly. According to January approvals figures from the ABS released on Monday, they dropped to their lowest monthly level in 11 years.
Read MoreForeign bids for Australian companies continue to surge, with significant offers on the table. Saint-Gobain has bid $4.3 billion for CSR, while Japan's Renesas proposes $9.1 billion for Altium. Additionally, there's a $US1.6 billion Indonesian-Australian offer for Illawarra Coal.
Read MoreChina's National Congress this week will consider a new law that will make it next to impossible for economists, journalists, analysts, or researchers, let alone foreign companies, to accumulate data and statistics in China.
Read MoreAs expected, Saudi Arabia will try to maintain upward pressure on oil prices by extending its production cap until the end of June. The Saudi government’s news agency announced on Sunday that the country will extend its voluntary crude production cut of 1 million barrels a day until the end of the second quarter. Saudi Arabia's Ministry of Energy stated that the country’s crude production will be approximately 9 million barrels per day until the end of June.
Read MoreBack to the economy this week in Australia, after being absorbed in February by the December reporting season here and in the US, especially the rise in AI-related stocks led by Nvidia.
Read MoreThree prominent US companies have recently surpassed the remarkable milestone of a $2 trillion market value each. This achievement underscores their significant influence and position within the global economy.
Read MoreWhile the December quarter national accounts and GDP numbers will dominate local markets this week, even that important data will take a backward seat to the February US jobs report on Friday.
Read MoreIron ore prices slid to four-month lows in Asian markets on Friday, setting up another weak start for the sector Monday morning and warning that the weak state of activity in the Chinese economy could finally be catching up with the resilient iron ore sector.
Read MoreQuietly, an American appeals court has given a new lease of life to the chances of a new copper mine in Arizona, promoted by Rio Tinto and BHP for years. However, there’s still a long way to go, and there is no certainty the mine will ever be built despite this favorable ruling.
Read MoreInvestment by the private sector is now at eight-year highs, with projections indicating further acceleration in the 2024-25 financial year starting July 1.
Read MoreChile's SQM, the world's second-largest lithium producer, couldn't escape the impact of the 80%-plus slide in world prices for the metal over 2023.
Read MoreThe steelmaker is the major customer for the high-quality coking coal from the mine, and under its current contract, it has a first right of refusal should the mine be put up for sale.
Read MoreRecent updates from retailers suggest a rebound in retail sales in January, following a significant fall in December. The dip in December was attributed to shoppers' heavy spending during November's sales events, followed by cutbacks leading up to Christmas and New Year.
Read MoreFormer President Donald Trump finds himself in a precarious financial position as he confronts mounting legal challenges. The latest setback stems from a New York fraud case, where he has been ordered to pay a substantial $US454 million civil penalty to the New York State Attorney General.
Read MoreUS inflation fell to 2.4% in the year to January, according to the measure most closely watched by the Federal Reserve.
Read MoreIn the interim results of Ramsay Healthcare (ASX:RHC), while the sale of its Asian private hospitals joint venture provided a substantial one-off profit, the broader business faced significant challenges over the past six months.
Read MoreUnderperforming women’s wear retailer Mosaic Brands (ASX:MOZ) regards the six months to December as a 'turning point' for the embattled group.
Read MoreA slide in sales and profits was always on the cards after the retailer provided updates in recent months about the sales performance in what was a tough six months to the end of December.
Read MoreSouth32 (ASX:S32) has agreed to sell its Illawarra Metallurgical Coal mine and processing plant, located south of Sydney, to Indonesian and Australian buyers for up to $US1.65 billion.
Read MoreFirst, it was Evergrande, broke in 2021 and ordered liquidated in early 2024 with well over $US300 billion in debt. On Wednesday, it was the turn of its big rival, Country Garden.
Read MoreAustralian inflation remained above the 3% top of the Reserve Bank’s target range for another month in January, with the partial indicator for last month showing an annual rise of 3.4%.
Read MoreAs expected, the Reserve Bank of NZ has kept its official cash rate steady at 5.5%, showing little indication of imminent easing.
Read MoreChevron claims its $US53 billion takeover of Hess deal is being threatened by ExxonMobil and China National Offshore Oil Corporation (CNOOC) because they have the first right of refusal over the key Hess asset, a share of one of the hottest oil finds in the world over the past decade.
Read MoreApple garnered significant attention with the rational decision to abandon its EV ambitions, a move that resonated with a mix of reactions from despair to optimism within the sector.
Read MoreAnalysts found themselves off the mark when assessing the half-year results of plumbing supplies giant Reece (ASX:REH), as evidenced by the surprising 18% surge in share price witnessed yesterday, following a remarkable 70% increase in value over the past year.
Read MoreIn 2022, America's Federal Trade Commission (FTC) blocked the proposed $40 billion merger between Nvidia, the AI chip powerhouse, and ARM, the Japanese-owned UK-based chip infrastructure company.
Read MoreIt was a form of financial housekeeping, a tidying up, or an outstanding financial report that showed a lot of red ink for Alumina, the company about to be swallowed by its major shareholder, Alcoa, in an all-paper deal worth $A3.3 billion.
Read MoreSimilar to Santos last week, the profit decline reported by Woodside Energy was anticipated after the company detailed its production and sales performance in January's December and full-year report.
Read MoreOn Monday, CSR formally fell to the French giant Saint-Gobain. On Tuesday, Adbri formally fell to the Ireland-based CRH.
Read MoreThe country's second-largest supermarket business, Coles (ASX:COL), has announced a steady interim dividend despite a slight dip in profit for the 27 weeks ending December 31.
Read MoreCSR (ASX:CSR) is disappearing with its French suitor, Saint-Gobain, striking a formal deal to make a bid at $9 a share.
Read MoreMoody's surprise withdrawal of credit ratings for 11 Chinese property and investment firms sent local and Hong Kong stock markets tumbling on Monday. Investors are now speculating about a looming financial crunch.
Read MoreUnderperforming Alcoa aims to close one of its WA alumina refineries and purchase the 40% it doesn’t own in its global network held by the listed company Alumina (ASX:AWC).
Read MoreKogan.com, a leading online retailer, announced on Monday its return to dividend payments, marking a significant milestone after a three-year hiatus.
Read MoreAs expected, the slump in rare earth prices and lower production and sales took a toll on Lynas in the six months to December, significantly impacting the profit of the world’s biggest producer of these essential minerals outside China.
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