China’s auto industry rides high on demand rebound
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China's car industry surged in March as demand recovered from weak levels in January, followed by a holiday-dampened February, propelling output higher.
Read MoreChina's car industry surged in March as demand recovered from weak levels in January, followed by a holiday-dampened February, propelling output higher.
Read MoreThe Reserve Bank of NZ believes that maintaining interest rates at their current highs will "return consumer price inflation to the bank’s 1% to 3% target by the end of 2024."
Read MoreIn a surprise announcement four months after Moody’s move, Fitch on Wednesday revised its outlook on China to negative, citing increasing risks to the country's public finance outlook from a slowing economy and its search for new ways to stimulate growth in the wake of the property crunch.
Read MoreIn a recent development, Fitch Ratings has opted to revise the outlook on China's long-term foreign debt from stable to negative. This move comes as Fitch cites escalating concerns regarding the country's public finance prospects amid a steady rise in debt levels.
Read MoreGold hit an all-time high of $2,384.50 per ounce on Tuesday on Comex in New York, before easing to trade around $2,371 per ounce at 7am Sydney time on Wednesday.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the property market.
Read MoreA bit of a "steady as she goes" report card on the health of the Australian economy last month from the National Australia Bank.
Read MoreBitcoin surged past the $71,000 mark during Asian trading hours on Monday, marking its highest point since April 1. The rally comes as anticipation builds ahead of the much-anticipated reward halving expected to take place on April 20. This surge has not only propelled Bitcoin but also bolstered bets within the Ordinal and BRC-20 ecosystem.
Read MoreIn March, China's gold buying spree dipped amidst soaring prices, hinting at further decline in April after prices surged to unprecedented levels on Monday.
Read MoreThe angle of attack on China's struggling property developers has shifted significantly. Under President Xi Jinping's administration, the Chinese government has adopted a radical approach towards their financial health, employing non-Communist party overseen legal mechanisms.
Read MoreFirst-quarter earnings season is set to begin in earnest this week, led by banking giants JPMorgan Chase, Wells Fargo (WFC), and Citigroup on Friday.
Read MoreIron ore futures surged unexpectedly in Singapore on Monday, a stark contrast to their decline late last week.
Read MoreAre US investors confused, or so besotted with the idea of falling interest rates that they ignored the strongest single month's jobs figures for a year, and ended four losing sessions to charge higher on Friday?
Read MoreWednesday's US consumer inflation figures pose a significant test for an economy that appears to have hit bottom at the close of 2023 and is now gaining momentum, despite interest rates being at their highest in years.
Read MoreGold reached a fresh record on Friday, despite the ascent of the US dollar and US treasury yields, buoyed by the American economy adding far more new jobs than expected last month. Middle East tensions over Gaza and Iran's retaliation vow following an attack on its embassy in Syria further fueled gold's rise.
Read MoreInflation in the US and China will dominate headlines this week, alongside the European Central Bank meeting, discussing Europe’s lower-than-expected inflation.
Read MoreGoodbye, Tesla, and Elon Musk's pioneering work on making EVs mainstream. According to a lengthy Reuters report, the company has dropped its plans to make a smaller and cheaper EV and will instead concentrate on the increasingly discredited idea of a 'robotaxi.'
Read MoreThe slide in iron ore prices and export volumes saw Australia’s goods surplus fall to a five-month low in February.
Read MoreAfter the Hayne Royal Commission, S&P upgrades Australia's banking system, citing tougher regulations and improved financial strength, signaling global confidence.
Read MoreWinston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector.
Lower building approvals than market expectations and Goodman Group's dominance of the A-REIT sector.
Disclaimer: Sequoia Financial Group (ASX:SEQ), the parent company of Finance News Network, owns a 20 per cent interest in Euree Asset Management.
Read MoreChina has relaxed its policy on lending for personal-use new energy vehicles (NEVs) as part of an effort to stimulate consumption and from Thursday, new buyers will be able to buy without making a downpayment.
Read MoreGold fell for the first session in eight, copper nudged higher, oil rose and iron ore fell, again in what you would describe as a 'cliche' trading session – a bit of this, a bit of that and ignoring the continuing sell off in equities.
Read MoreAustralians don’t want cash, judging by the rise in contactless transactions across the country and the slow death of cheques.
Read MoreExplore the latest trends in February's building approvals data, revealing a mixed picture in the housing market, with Queensland leading a decline despite rising private house approvals nationwide.
Read MoreChina's reintroduction of steel production controls are impacting iron ore prices. This move reflects a weak demand and causes economic concerns.
Read MoreSuncorp already has a gross $4.9b pencilled in to come from ANZ for getting approval to sell its bank, and now it is looking for another $300m-plus from the sale of its New Zealand life business Asteron.
Read MoreContinuous-contract gold futures rose by 1.3 per cent on Wednesday, reaching as high as US$2,312.50 per troy ounce, setting a new all-time high. This is its seventh consecutive day of gains.
Read MoreControl of Paramount Global, the current owner of the Ten TV Network in Australia, is looking at changing after the company’s shares leapt 15% late in Wednesday’s Wall Street trading session.
Read MoreAnother big session for gold with US futures smashing through the $US2,300 level, spot prices surging and all this happening despite another rise in US bond yields.
Read MoreHow to waste tens of millions of dollars – have a proxy fight over board representation from an aggressive activist shareholder called Nelson Pelz (who is ‘only' worth around $US1.7 billion) and the veteran Disney chair and CEO, Bob Iger, who is in his second time at the top of the company Hollywood calls ‘The Mouse House”.
Read MoreAmerican analysts came up well short in their guidance for Tesla’s March quarter EV deliveries with 18 of them missing — and by a mile — the actual outcome.
Read MoreComing to an X tweet close to you — the great Tesla EV fire sale with price cuts that change by the hour (or even by the minute, perhaps)?
Read MoreSo much for all the doom and gloom merchants going on about how the banks and other financial groups would be hurt by the rate rises from the Reserve Bank in its fight to control inflation — with a rise in bad debts, especially for home loans, more impaired loans and other problems.
Read MoreFund Manager Chris Pedersen discusses rates, the S&P500, Treasury Wine Estates and Premier Investments.
Read MoreGold prices have experienced an impressive surge this year, setting a record high. While stocks, bonds, and cryptocurrencies saw declines on Tuesday, gold
continued its remarkable rally, marking its sixth consecutive day of gains.
There might be signs emerging in China of a steadying in the stricken property sector with more reports of government support to be wrapped up by June and major developers presenting lists covering hundreds of projects that could get government support through local administrations.
Read MoreWorry about the Middle east and don’t bet on a rate cut this year emerged as the new market paradigms on Tuesday, if another day of rising gold and oil prices and Treasury bond yields are any guide.
Read MoreAmerican analysts came up well short in their guidance for Tesla’s March quarter EV deliveries with after 18 of them missing – and by a mile – the actual outcome.
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