Australian inflation, housing, and consumer trends
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The widespread autumnal rains in March and April across much of Eastern Australia helped bump inflation up for the second successive month in April.
Read MoreThe widespread autumnal rains in March and April across much of Eastern Australia helped bump inflation up for the second successive month in April.
Read MoreA slightly higher dividend was announced for its 2023-24 financial year, along with expectations for a slightly better result in 2024-25, by New Zealand-based Fisher & Paykel Healthcare Corporation (ASX:FPH) on Wednesday.
Read MoreStruggling rural print and digital media group Australian Community Media has made a second attempt in six months to interest struggling radio and regional TV group Southern Cross Media Group (ASX:SXL) in an asset deal.
Read MoreAustralian retail sales edged higher in April as consumers remained cautious in the face of high borrowing costs, rising rents, and other expenses, alongside confirmation that household consumption would not be adding to the first-quarter GDP growth data next week or the current second quarter.
Read MoreIn China, especially in property, it's always been a case of who you know and whether there is powerful government or Communist Party influence.
Read MorePeter Warren Automotive Holdings (ASX:PWR) has joined its larger rival, Eagers, in issuing an earnings warning as new car sales slow and profit margins contract.
Read MoreThe European Central Bank has given its strongest sign yet that it will cut interest rates next week. In an interview with the Financial Times, ECB chief economist Philip Lane said, “Barring major surprises, at this point in time, there is enough in what we see to remove the top level of restriction” in the rate structure.
Read MoreThe old Elura mine, now named Endeavour, a silver, lead, and zinc mine in central western NSW, is about to receive a new lease on life. Nearby, the Cobar copper mine might soon exploit recently discovered silver, lead, and zinc mineralization.
Read MoreLendlease (ASX:LLC) is taking a financial hit to extricate itself from low yields and loss-making overseas investments in construction, building, and other developments. The company will make impairments of up to $1.48 billion, writing down these offshore investments, signaling an end to its global ambitions.
Read MoreNow for the Pilbara battle of the trucks: BHP (ASX:BHP) and Rio Tinto (ASX:RIO) are commencing joint trials on battery-electric trucks, while smaller rival Fortescue has already initiated trials with a green hydrogen-powered vehicle.
Read MoreHow quickly that "property rescue" move from the Chinese government was forgotten—announced Friday, May 17, dead by Friday, May 24, if last week's falls on Chinese and Hong Kong stock markets are any guide.
Read MoreThe big deal this week might be US inflation data and economic growth at the end of the week. Before then, though, there’s the Wednesday evening deadline in London for BHP and Anglo America to do a deal.
Read MoreDid we miss the copper party? Was gold’s surge last week just another dash in the pan? Was the Fed the catalyst for the sell off in metals – or did traders realise that the boomlet was built on clay and easily undermined by a US central bank that seems to be getting a little cranky about ’sticky inflation’?
Read MoreA week for going nowhere—that was last week. This week, however, it's a week for being on tenterhooks until 8:30 a.m. Washington time, when the last inflation data release of the month is due.
Read MoreTime for oil to step back into the spotlight as prices ease, and the OPEC+ group’s next meeting this coming weekend has again raised the now-familiar question: 'will they raise or ease their production cap?'
Read MoreIron ore prices ended back over $US120 a tonne in Asian dealings on Friday as the market ignored another rise in portside stocks in the week to Thursday.
Read MoreWall Street equities, US bond markets, and commodities were swamped Thursday by data showing that the US economy is stronger than thought.
Read MoreWhile Chile's SQM, the world’s second-biggest lithium player, has joined the list of companies in this key renewable metal to report a slump in sales revenues and weak to no earnings and losses for the three months to March 31, it is more upbeat about the rest of 2024 than the rotten results might suggest.
Read MoreA four-cent unfranked dividend for shareholders in the ag chemicals business Nufarm (ASX:NUF), and the promise of a pickup in the current second half as it expects an upturn in its crop protection business.
Read MoreDiscount retailer The Reject Shop (ASX:TRS) is expecting a more than halving in earnings for the year ending June 30, despite reporting reasonable sales growth for the latest quarter and financial year to date.
Read MoreAccounting software multinational Xero (ASX:XRO) has reaped the benefits of the restructuring and management change a year or so ago and the new direction she brought to the group.
Read MoreNow, that’s what you call a result—in fact, a crushing result, as Nvidia’s revenue soared by 262% in the past quarter, beating all expectations and sending the chipmaker’s shares higher in after-hours trading on Wednesday.
Read MoreThe dream lives on – that is the dream of a rate cut in Britain. June is now out, as Wednesday saw UK consumer inflation coming in lower but stronger than forecast for April.
Read MoreSo, we're now at the pointy end of BHP's (ASX:BHP) monthly long attempt to grab its stumbling rival, Anglo American.
Read MoreA three-month high for iron ore prices was reached on Wednesday as traders remained bullish about the prospects for China's aid packages for the country's loss-making property sector.
Read MoreShares in BHP Group (ASX:BHP) closed at a three-month high on Tuesday, 36 hours ahead of a deadline to lodge a formal bid for rival miner Anglo American, which last week rejected a sweetened $US43 billion takeover offering.
Read MoreNothing compares to a copper price boom for catalyzing a surge in exploration efforts, proposed expansion projects, and fundraising.
Read MoreDespite unemployment rising above pre-pandemic levels, the Reserve Bank of New Zealand’s sturdy monetary policy stance will not change.
Read MoreThe great car boom has ended with the country’s biggest dealer, AP Eagers, issuing a surprise earnings downgrade, which saw the shares slump almost 20%.
Read MoreWebjet (ASX:WEB) revealed a record result for the year ending March 31, 2024, after reporting a record result for the previous year, ending March 31, 2023, a year ago.
Read MoreShares in global pathology and radiology group Sonic Healthcare (ASX:SHL) fell more than 11% after the company turned an earlier earnings nudge into a full-blown downgrade.
Read MoreTelstra (ASX:TLS) embarked on a significant investor pitch on Tuesday, unveiling cost reductions and other adjustments to reset its troubled Enterprises division.
Read MoreJames Hardie might have notched up another record earnings year, defying tough homebuilding and construction markets in Australia and the US especially, but those headwinds look like they're catching up in the 2024-25 financial year, with lower earnings forecast by the group.
Read MoreAs expected, Brisbane-based global testing company ALS (ASX:ALQ) has ensured that its shareholders will not feel the financial pain of its Nuvisan adventure—the wasted millions of dollars invested in the European drug testing company and the quarter of a billion dollar impairment wrote down.
Read MoreShareholders in Brisbane-based tech services and software group, Technology One (ASX:TNE), will receive a record interim payout of 5.08 cents per share after the company revealed a double-digit increase in sales and profits for the six months ending on March 31.
Read MoreShares in Star Entertainment (ASX:SGR) fell at the opening on Tuesday after Hard Rock International denied any link to a bid for Star.
Read MoreGold went for another record-breaking run on Monday but couldn’t hang on to the new peak, while copper managed to retain its gains.
Read MoreChina’s key industrial production may have bounced by a larger-than-expected annual 6.7% in April, but it did so without any help from the country's key steel sector.
Read MorePresident Xi Jinping had his opportunity to make a dramatic statement about new help for the country’s economic black hole—AKA housing and property—and tanked it on Monday.
Read MoreStar (ASX:SGR) shares came out of a brief trading halt after the company was forced to issue a second statement Monday morning on supposed takeover approaches.
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