OPEC and Russia face pressure as oil prices slide
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OPEC and Russia are feeling the pressure due to the recent decline in world oil prices over the past month, which is affecting their revenue and commitment to production cuts.
Read MoreOPEC and Russia are feeling the pressure due to the recent decline in world oil prices over the past month, which is affecting their revenue and commitment to production cuts.
Read MoreChile's SQM, the world's second-largest lithium group, witnessed a more than 7% drop in its shares on Thursday, in line with the rest of the sector, as it reported significant declines in revenue, prices, and earnings for the three months ending in September.
Read MoreIGO (ASX:IGO) Chair, Mike Nossal, expressed his support for incoming CEO Ivan Vella after Rio Tinto's recent dismissal of Vella for an alleged breach of confidentiality. Vella, who had spent two decades at Rio Tinto, was scheduled to join IGO in December to replace the late Peter Bradford.
Read MoreThe global oil market has shifted into a state of contango, where future prices trade at a premium to spot prices. This change signals growing apprehensions about demand in 2024 and an oversupply issue.
Read MoreWarren Buffett's Berkshire Hathaway has abandoned more of its share holdings in some of America's oldest and best-known companies in the three months leading up to September, signaling a further push into cash.
Read MoreJudging by the results of the latest Bank of America monthly survey, big global investors made the right choice in favouring bonds and equities last month.
Read MoreTemporary jobs for The Voice referendum in October might have played a part, but that doesn't fully explain the unexpected jump of 55,000 new jobs last month.
Read MoreBanks outperformed while mining companies faced challenges in paying dividends in the third quarter of 2023, according to the latest global dividend survey by Janus Henderson, a fund management firm.
Read MoreThe 0.1% drop in US retail sales for October has reinforced market belief that interest rates have halted their ascent, with the next move likely being a downward one—possibly in May.
Read MoreDespite China's crude steel output falling for the fourth consecutive month in October, iron ore futures prices hit new 17-month highs on the SGX in Singapore on Wednesday.
Read MoreIn October, there were tentative signs of an uptick in Chinese economic activity. However, this positive news was counteracted by yet another drop in investment, particularly in the property sector.
Read MoreFund Manager Chris Pedersen discusses bank reporting, Telstra, News Corp and Mirvac Group.
Read MoreJapan's economy contracted more than anticipated in the three months leading up to September, reversing the strong growth observed in the preceding three months until June.
Read MorePerth-headquartered rock phosphate producer CI Resources has a unique claim to fame: it’s the only ASX-listed entity to operate on Christmas Island, the remote Australian territory in the Indian Ocean that is much closer to Jakarta than Canberra.
Read MoreIn a surprising turn of events, the Australian federal government's Environment Protection (Sea Dumping) Amendment (Using New Technologies to Fight Climate Change) Bill has successfully passed the Senate with the support of the Coalition. While the bill's title might not immediately suggest a connection to fossil fuels, it has ignited controversy due to its perceived link to one of the dirtiest fossil fuel projects in the nation's history.
Read MoreGlencore has finally acquired the coal assets of Teck Resources, comprising high metallurgical coal mines in western Canada. The company intends to create a separate entity by merging these businesses.
Read MoreIn the midst of economic uncertainty and a sluggish growth landscape, corporate leaders and fund managers in Australia are beginning to reevaluate their strategies.
Read MoreWall Street's view has shifted to no more rate rises and a potential rate cut sooner than expected. This change comes after a sharp decline in oil and petrol prices, causing US inflation to resume its downward trend in October, marking the first decrease in three months.
Read MoreOil giant Exxon Mobil aims to establish itself as a prominent player in the US lithium market. Unlike traditional methods of acquisition, Exxon is taking a grassroots approach, focusing on a novel production method.
Read MoreThe ANZ Bank's 2022-23 annual results, announced on Monday with their solid bottom line and higher dividends, have capped off the best year in five years for our Big Four banks: Commonwealth, NAB, Westpac, and ANZ.
Read MoreAustralian cattle and sheep producers are breathing a sigh of relief as meat prices stage a comeback after a challenging period of oversupply and plummeting values.
Read MoreLocal investors will be looking for a solid start to ASX trading today after a 24 point jump on Friday night as Wall Street put together another solid week.
Read MoreOil prices might have bounced on Friday, with the rest of Wall Street but they still underwent a sell-off last week.
Read MoreJust as Wall Street recovered nicely on Friday from another bout of bond market jitters on Thursday, Moody’s threw an enormous spanner in the works by pushing its US credit rating to a AAA negative from the long held AAA stable.
Read MoreUS October consumer prices and producer prices, Australian labour force and wages data, plus a few key earnings reports, as well as Chinese industrial production and retail sales will be the focus of attention this week.
Read MoreThanks to purchase subsidies, Chinese sales of so-called New Energy vehicles came within sight of topping the million units mark for a month in October.
Read MoreFree to air tv advertising is currently down around 8% for the first quarter and a half of the 2023-24 financial year
Read MoreFor all the negative news coming from China this year on weak demand for steel products, weak exports, the property sector crunch and deflation, there is every likelihood the country could set a new all time annual high for imports of iron ore.
Read MoreAccording to futures pricing, many in the huge US markets reckon the Federal Reserve will be cutting interest rates from mid 2024 onwards.
Read MoreChina entered deflation for the second time this year as food prices, particularly pork, dropped, causing consumer prices to decline by 0.2% in October.
Read MoreGlobal oil prices dropped to new three-month plus lows on Wednesday. Fears related to the Israel-Hamas conflict in the Middle East took a backseat to concerns about the strength of demand in 2024, particularly from US car drivers. This marked the third consecutive daily decline for the prices of the world's two major marker crudes, West Texas Intermediate and Brent.
Read MoreChinese insurer Ping An has denied any intentions to acquire the troubled property group, Country Garden. This denial comes in response to a lengthy Reuters report that claimed the Chinese government had requested Ping An to lead the rescue efforts for the country's second-largest developer.
Read MoreThe latest data on China’s foreign exchange reserves, issued late last week, showed the country bought a further 23 tonnes of the metal in October, marking the 12th successive month of active gold purchases.
Read MoreFund Manager Chris Pedersen discusses the RBA's rate hike, inflation, banks, dividend growth stocks, Sonic Healthcare, Transurban Group and Cochlear.
Read MoreIn October, China's major commodity import data confirmed the uneven growth across its economy, even as the International Monetary Fund (IMF) upgraded its forecast for Chinese GDP growth to 5.4% for the year, up from the previous 5% estimate. The IMF attributed this improvement to recent measures to stimulate demand and support the property sector, which is expected to help the economy in the final months of the year.
Read MoreHere's another market factoid for our inflation hawks in the Reserve Bank and Governor Michell Bullock to ponder and ignore as they shelter from the storm of criticism after Tuesday's rate rise.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the cash rate.
Read MoreIn October 2023, China's foreign trade exhibited mixed results: exports declined more than expected, while imports showed a slight improvement after nine months of decline.
Read MoreAs expected, the Reserve Bank has failed to hold its nerve and lifted its cash rate by 0.25% to 4.35%.
Read MoreNearly 40 years after its inception, Europe's mega low-cost airline, Ryanair, is set to pay its shareholders a regular, first-time ordinary dividend and has announced plans to continue doing so annually, depending on market conditions.
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