Rare Bright Spot for China in Caixin Survey
The Caixin/Markit survey of Chinese manufacturing surprised yesterday with the best reading for four months, directly contradicting the official National Statistics Bureau survey on Sunday.
Read MoreThe Caixin/Markit survey of Chinese manufacturing surprised yesterday with the best reading for four months, directly contradicting the official National Statistics Bureau survey on Sunday.
Read MoreEven with a late slide on the back of cagey commentary from the Chinese government about rising coal prices, October turned out to be a solid recovery month for most commodities.
Read MoreMonetary policy – especially interest rates and quantitative easing – will be on the agenda at a slew of meetings by central banks around the world, including those of Australia, the UK and of course, the US.
Read MoreTomorrow’s RBA meeting is big news here, but the Fed meeting and the much-tipped UK rate rise later in the week will also dominate should anything major come to pass.
Read MorePower shortages, higher prices for commodities, and cuts to production forced on businesses all took their toll on the Chinese economy last month, pushing it deeper into contraction.
Read MoreWe enter the final months of 2021 on the back of an October that overcame plenty of obstacles to be the best month all year, with more new highs for the S&P 500 and Nasdaq on Friday in a week replete with records.
Read MoreOctober is doling out a bit of a late whack to the already embattled iron ore sector in Australia, as a surprise new round of pollution cuts in China’s major steelmaking centre has sent global prices down by 7% to 10%.
Read MoreThey might not be as “sexy” as some of the other companies out there, but consumer giants Coca-Cola, McDonalds, Kraft Heinz and Starbucks are showing they can still hold their own, come what may.
Read MoreFour of the world’s major carmakers are confident their renewable ambitions remain on track despite the current shortage of computer chips, a situation some say could last for another year or more.
Read MoreMacquarie Group isn’t worried about the prospect of rising interest rates, hitching a $1.5 billion capital raising to a very solid interim result of a $2.04 billion net profit.
Read MoreThe US megatech sector took two body blows on Thursday with weaker than forecast third quarter performances by the two giants – Apple and Amazon.
Read MoreNewcrest says it produced less gold, copper and silver during its first fiscal quarter because of mostly planned maintenance and upgrade work, but expects output to improve this quarter.
Read MoreFor all the silly business media talk to the contrary, the bottom line is that ANZ has emerged from two years of pandemic hit lockdowns and disruptions in good shape and looking prudently run.
Read MoreNot easy to make a dollar in the retail space over the past couple of years. Here’s how three of the majors are faring: Coles Group, JB Hi-Fi, and Australian Pharmaceutical Industries.
Read MoreInvestors missed the important news of a sharp fall in average prices buried in the Fortescue quarterly report, focusing instead on the headline of record exports of 45.6 million tonnes for the period.
Read MoreCanadian miner Teck Resources has given us a good idea of the bonanza September is turning out to be for some lucky mining companies and that October won’t be far behind.
Read MoreGold Road Resources and Goldfields have revealed ambitious plans to extend the life of their Gruyere gold mine in WA, making it one of the deepest open cut gold mines in Australia.
Read MoreHeadline inflation fell sharply in the September quarter to an annual rate of 3% from the previous 3.8% reading that saw an outbreak of doomsaying about the cost of living and interest rates.
Read MoreReturns to the NZ dairy industry are close to record highs and yet shares in a2Milk slumped more than 12% at one stage on Wednesday as it became clear the company was being left behind in the boom.
Read MoreInvestors were not enthused about Woolworths’ September quarter update, despite the numbers looking good on paper thanks in part to another surge in online sales to a new high.
Read MoreMore confirmation on Tuesday that, for the megatechs, the three months to September were pretty good – even discounting the growing concerns about Facebook.
Read MoreThe Reserve Bank of New Zealand said in a statement on Tuesday that it intends to cut its holdings of bonds issued by big carbon emitters such as Australia and Canada in coming years.
Read MorePlenty of news from the resources sector on Tuesday, here are the details of key announcements made by Gold Road Resources, Mineral Resources, Pilbara Minerals and Oil Search.
Read MoreAmid all the criticism in the Victorian commission into Crown Resorts one fact dominates: Crown is not only too big to fail, it generates too much revenue to have its licence taken away.
Read MoreIn just four months, insurer Suncorp has already chewed up half its June 30 allowance for natural hazard claims, after a run of storms in October as well as the Victorian earthquake.
Read MoreOil refiner and fuel distributor Ampol says its sales slumped thanks to the lockdowns across NSW and Victoria shut borders and curbed travel, with volumes down sharply from previous periods.
Read MoreFacebook shares rose as investors overlooked weak quarterly numbers but the real star on Wall Street was Tesla, which topped the $US1 trillion mark for the first time ever.
Read MoreA busy news day for the ASX on Monday, with Woodside, AusNet, APA, Nick Scali, Huon Aquaculture and Smartgroup all making key announcements to the market. Here are the details.
Read MoreMineral Resources and its huge US partner Albermarle have bowed to the inevitable and will re-open the lithium mine they own in the Pilbara and an associated processing plant at Kemerton.
Read MoreSo what will Australia’s four biggest banks and major companies do now after the NZ Parliament passed a law last week making reporting on climate risks mandatory in two years’ time?
Read MoreOrigin Energy has raised more than $2 billion from the sale of part of its stake in a big Queensland LNG plant, taking advantage of high demand and prices for the compressed natural gas.
Read MoreAustralian taxpayers will provide $1.9 billion to Telstra to help it buy South Pacific telco operator Digicel, with the company looking to finalise the deal within the next six months.
Read MoreIntel and Snap pulled the Nasdaq lower on Friday, setting up questioning week for the third quarter earnings season that will be put to an immediate test when Facebook reports its latest results.
Read MoreFor markets supposedly worried about a host of varied concerns, American investors in particular are remarkably optimistic, pushing the Dow and S&P 500 to new record highs last week.
Read MoreThere’s a lot for markets to grapple with this week here and offshore, with inflation and bank earnings set to dominate locally and a raft of economic news the global focus.
Read MoreThere is one copper play Australian investors seem to have forgotten about – one which BHP and Newcrest are all over – and it could very well change the future global supply / demand equation for the red metal.
Read MoreWhile they seem to have been hogging most of the attention, Evergrande and the property sector aren’t the only problem besetting China at the moment. In fact there’s a veritable siege of adverse circumstances currently at play.
Read MoreAfter several days of going nowhere, news from China sent iron ore prices lower on Thursday, just as some of the big boys revealed cuts to output due to the uncertain global outlook for 2022.
Read MoreAurizon today announced it had signed an agreement with Macquarie Asset Management, on behalf of its managed funds and client, to acquire One Rail Australia (ORA) for $2.35 billion.
Read MoreSnap shares plunged 30% at one stage in after-hours trading after revealing a reasonably solid set of September quarter numbers, as one major negative sparked concerns about social media companies.
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