The Sleeping Panda Slowly Awakens
Activity in China’s huge factory and services sectors in June grew for the first time in four months as the easing of Covid lockdowns in Shanghai, Beijing and other cities continued.
Read MoreActivity in China’s huge factory and services sectors in June grew for the first time in four months as the easing of Covid lockdowns in Shanghai, Beijing and other cities continued.
Read MoreThe strength of the jobs market was underlined on Thursday by data from the ABS showing the highest proportion of job vacancies to unemployed people yet recorded.
Read MoreWednesday’s closure of neobank Volt has led to shareholder Collection House going into administration on Thursday after a failed final attempt to raise fresh capital.
Read MoreHot on the heels of Volt, one of the remaining Australian neobanks, throwing in the towel comes more confidence-sapping bad news from the crypto universe.
Read MoreA third Australian neobank has been forced to close, effectively ending the idea of new competition for the existing big four banks and their smaller regional rivals in Australia.
Read MoreShares in Tyro Payments touched new all-time lows yesterday after losing CEO Robbie Cooke to the toughest job currently in Australian business: cleaning up Star casino group.
Read MoreNews that retail sales rose 0.9% in May to yet another monthly record will get the worrywarts calling for another big rate rise at the July meeting of the RBA next Tuesday.
Read MoreBHP has emerged with a 5.5% stake in Ivanhoe Electric, the biggest copper explorer to list on Wall Street for some time.
Read MoreShares in beauty group BWX plunged yesterday after they came out of a trading halt requested last Friday as the company revealed its financial position had all but collapsed.
Read MoreIn a case of life imitating art, KFC owner Collins Foods took plenty of investor money in Tuesday’s ASX session, jumping more than 10% after a strong 2021-22 annual result.
Read MoreThe board of Tasmanian-based salmon farming company Tassal Group has rejected a bid worth $1 billion because they think the offer is not in the best interests of shareholders.
Read MoreDespite Goldman Sachs’ gloomy forecast for lithium prices, US major Albemarle is looking to build a huge US processing plant to keep up with expected demand for the metal.
Read MoreA sense of caution dominated the decisions of many of the banks that revealed their latest capital management plans on Monday after the market had closed for the day.
Read MoreShares in gold and copper miner Evolution Mining ended a rough Monday down nearly 22% – their lowest level since the end of 2017 – after a weak market update.
Read MoreAustralia has proven to be too small a market for Carsales.com, which is looking to raise $1.2 billion from shareholders to fully acquire US listings business Trader Interactive.
Read MoreMetcash shares jumped 4% on Monday after the country’s 4th ranking supermarkets group boosted annual dividend 23% and reported a solid rise in 2021-22’s revenue and earnings.
Read MoreOZ Minerals has blamed a combination of wet weather, staff shortages and mechanical problems at its Carapateena mine for a sharp downgrade in forecast copper production this year.
Read MoreSuncorp confirmed on Monday that it was looking at the future of its banking business, but at the same time, it attempted to put a lid on speculation.
Read MoreStand by for billions of dollars in share buybacks and higher dividends for 2023 from America’s biggest banks after they survived their annual stress tests by their chief regulator, the Federal Reserve.
Read MoreIn Australia, this Thursday marks the biggest week of the year for accountants, auditors, taxpayers generally, super funds, and thousands of Australian companies large and small.
Read MoreCommodities are now reacting to the fear that central banks may be tightening too quickly, raising the chances of a slowdown or recession which would in turn cut demand for them.
Read MoreGlobal sharemarkets ended three weeks of losses on Friday as the bears retreated to the sidelines and fears eased about a looming recession, rising inflation and interest rates.
Read MoreRumours of the Chinese government extending subsidies for new sales of NEVs seem closer to becoming fact, if reports quoting a government minister are to be believed.
Read MoreThe past week has seen the Australian gold sector spring a leak, with three good producers revealing unexpected operational problems, catching investors on the hop.
Read MoreIf the 0.75% hike from the US Federal Reserve this month was a bell being rung, the question begs: what lies ahead – rebound, stagflation or outright recession?
Read MoreAussie airline Qantas issued its June trading update on Friday, while also notifying the market of the imminent departure of Jetstar CEO Gareth Evans.
Read MoreCommodities sold off for another session Thursday, with copper leading prices lower with a standout fall of its own.
Read MoreNews from the ASX resources sector on Thursday saw Iluka wasting no time in moving on from Sierra Rutile and Mincor continuing its Lazarus-like renaissance.
Read MoreWarren Buffett still has an appetite for shares in two of America’s largest oil producers, Chevron and Occidental, with his Berkshire Hathaway now owning 16% of the latter.
Read MoreFirmer global milk prices mean dairy farmers and consumers in NZ and Australia will have to learn to tolerate higher prices for dairy products, just as they are elsewhere.
Read MoreThe record $14.89 trillion total wealth figure for Australian households might be the high for a while given the slide in shares, property and other assets in the three months to June.
Read MoreCommodity prices slid sharply Wednesday, with oil, copper and iron ore down amid renewed worries about growth and especially the health of the Chinese economy.
Read MoreThe acrimony on the Humm Group board over the failed attempt to sell its consumer finance business spilled over in the shape of wholesale boardroom changes on Wednesday.
Read MoreNZ building products giant Fletcher Building saw its shares jump more than 6% at one stage on Wednesday when it revealed an upbeat earnings guidance for the 2022-23 financial year.
Read MoreShares in St Barbara were pummelled yesterday after the gold miner revealed a major change in strategy as well as operational problems that could very well limit future growth.
Read MoreElon Musk has confirmed that Tesla would cut 10% of its salaried staff in the next three months.
Read MoreMore confirmation that nimbleness is now the flavour of the times for American corporates, with snack group Kellogg revealing Tuesday that it was splitting itself into three companies.
Read MoreAust Ag lost long time CEO Hugh Killen yesterday, but news also surfaced that Andrew Forrest’s Tatterang Investment Co more than doubled its stake late last week.
Read MoreDental technology company SDI says it is expecting a solid 16% boost in revenue for the year to June 30, but higher freight costs mean that won’t translate into a profit bump.
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