Price Lull Another Dagger in Chinese Property Market
Chinese house prices in March were flat compared to February and rose at the slowest annual rate in more than five years to cap another miserable month for the ailing sector.
Read MoreChinese house prices in March were flat compared to February and rose at the slowest annual rate in more than five years to cap another miserable month for the ailing sector.
Read MoreSixty years after the three of them opened in the US within a 12-month period, Walmart and Target continue to survive and thrive, while Kmart’s downfall is playing out its final act.
Read MoreFed chair Jay Powell blew up expectations for US monetary policy and rate rises on Thursday by openly suggesting the central bank will lift rates more aggressively over the rest of 2022.
Read MoreBrambles has upgraded its June 30 guidance, forecasting better than previously expected sales gains and earnings despite supply chain problems and rising costs, especially for timber.
Read MoreEvolution Mining has been forced to trim its estimated 2021-22 gold output forecast, news that saw investors send the shares down almost 5% to $4.34 in ASX trading on Thursday.
Read MoreForecast updates from both Challenger and Stockland during Thursday’s ASX trading session, with both reinstating previous guidance and offering positive profiles moving forward.
Read MoreNo wonder Santos changed its payout policy and announced a $US250 million buyback this week – the company’s March quarterly report revealed record revenue of $US1.9 billion.
Read MoreBHP did much better in its key iron ore business than rival Rio Tinto did, although the surge in WA Covid infections and associated labour shortages in hit its nickel and copper operations.
Read MoreUnlike the weak quarterly report from Netflix on Tuesday, Tesla did its bit for investor confidence in the megatechs with record revenue and earnings in the March quarter.
Read MoreA weak March quarter production report from Rio Tinto so far as its Pilbara iron ore operations are concerned, while only ominous silence about the future of its Jandar Serbian lithium mine.
Read MoreSantos says investors are undervaluing the company in the wake of last year’s takeover of Oil Search and will conduct a $US250 million share buyback to try and set things right.
Read MoreCovid continues to bedevil the businesses of Bega Cheese in Australia and its key Asian markets, according to yesterday’s update from the country’s largest locally-owned food group.
Read MoreWednesday saw shares in Whitehaven Coal, the country’s biggest locally owned coalminer, hit new multi-year highs off the back of an upbeat March quarter production and sales report.
Read MoreThe International Monetary Fund has cut its global growth forecast for the second time this year to 3.6% from 4.4% in its January World Economic Outlook and the 6.1% rise in 2021.
Read MoreRamsay Health Care confirmed Wednesday morning that it is talking to a “consortium of financial investors” led by US private equity giant KKR about a buyout worth as much as $20.1 billion.
Read MoreA rare fall in global subscriber numbers in the three months to March saw shares in Netflix lose more than 25% of their value in afterhours trading on Wall Street Wednesday morning.
Read MoreIf you read yesterday’s statement from AMP, you’d be excused for thinking that the sale of its Collimate assets is anything but a certainty, despite the many claims that Dexus has it in the bag.
Read MoreThe huge Chinese property sector’s troubles have worsened in the past couple of months, as underlined by the terrible March figures on real estate investment and sales.
Read MoreLike Lynas and its rare earths operation in Texas, rival Syrah Resources has won financial support from the American government to help expand its operations in that country.
Read MoreFor the third time in a year, fertiliser maker Incitec Pivot has been forced to take a costly charge for a problem at its supposedly state-of-the-art Waggaman ammonia plant in the US.
Read MorePent-up demand and Australia’s high vaccination rates have seen credit rating agency Moody’s lift its outlook for Qantas from “negative” to “stable” for the first time since 2020.
Read MoreWith the US reporting season kicking into high gear next week, investors will first get to digest earnings from streaming giant Netflix and electric vehicle maker Tesla.
Read MoreIt sounds like we are stuck on loop, but the factors hitting global economies and markets over the next six days will be the same as they have been for the past seven weeks.
Read MoreChina’s GDP reading of 4.8% annual growth looks OK, but the real story of the drooping economy emerges in the weak quarterly figure and sharp contraction in retail sales in March.
Read MoreThey were concerned in February, now gloom has set in among global scale fund managers with optimism at all-time lows, according to the Bank of America survey for March.
Read MoreThe March quarter results from JPMorgan will force investors and analysts to rethink how US banks performed in what was a pretty tumultuous first three months of 2022.
Read MoreWith the Easter break upon us, let’s take a moment to mourn a significant species loss for the Australian economy and business community: the rampant, world-striding Aussie media mogul.
Read MoreBank of Queensland has lifted interim payout to shareholders by nearly 30% after ra solid rise in earnings for the February half, but a slide in its net interest margin will worry some investors.
Read MoreTime is up tomorrow for the $US11.6 billion bid for Alleghany Corp from Warren Buffett’s Berkshire Hathaway and, with no counter bids, it seems as it stands the deal will go through.
Read MoreAs we forecast, the widespread Covid lockdowns and high world prices for key commodities hit China’s trade performance in March and will do so again only much harder in April.
Read MoreShares in explorer Black Canyon surged 25% yesterday on news from their prospect in WA that, if it holds true, will more than double Australia’s known reserves of manganese.
Read MoreThe Reserve Bank of NZ beat the US Fed Reserve to the punch yesterday, following on its move in February of this year by raising its Official Cash Rate 0.5% to 1.50%.
Read MoreViva Energy has given the go-ahead to a $300 million upgrade of its Geelong oil refinery to comply with new emissions limits and ensure the plant can continue operating.
Read MoreA 41-year high for headline consumer price growth in the US of 8.5% saw shares fall after an early rise, bonds a touch firmer and the currency going nowhere fast.
Read MoreThe solid performance last month for companies using Port Hedland capped an equally good March quarter which saw a nice rise in prices and volumes for the key steelmaking raw material.
Read MoreUpdates Tuesday from two companies who have been having a fine time of it lately, and while the good news continued for Lynas, Pilbara Minerals ran into some unexpected headwinds.
Read MoreA sharp rise in inflation has pushed China closer towards the worst of all economic situations – stagflation – where slowing growth and rising costs can cripple an economy.
Read MoreThe Australian economy strengthened in March with business conditions and confidence again rising, even as cost pressures became increasingly real for more and more companies.
Read MoreIn a major about face, Elon Musk will not join the Twitter board, reversing course less than a week after becoming the company’s biggest shareholder and saying he would do so.
Read MoreSense seems to have prevailed in the end after plenty of chest puffing, with IGO Ltd relenting and upping its offer price for nickel miner Western Areas from $3.36 to $3.87 per share.
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