Search Results for:

Widespread cheating in the huge Japanese car industry has been exposed by a government investigation, with Toyota, Mazda, Hino, Daihatsu, and Honda caught up and named for breaches of various rules and safety tests.

The old "boom, no it's a bust" mentality among iron ore traders emerged Monday when Singapore prices slid 4% or more on nerves about Chinese demand.

There won’t be any confirmation for a year or more, but the South Korean government has suddenly become very, very optimistic that it has identified a potential major oil and gas resource in the East Sea, off the city of Pohang (home to the huge steel group, POSCO).

In more unwelcome news for the lithium wannabees and actual miners and refiners, BYD, the world’s biggest maker of electrified vehicles, is continuing its push away from concentrating on lithium-gobbling battery-only EVs.

Qantas (ASX:QAN), Bonza, and Air New Zealand (ASX:AIZ) will miss out, but their global peers are having a great 2024 if the latest earnings upgrade estimate from IATA, the world airline lobby group, is any guide.

Dealmaking in the US oil and gas sector has soared to nearly $200 billion over the past year as major producers race to acquire rivals and expand their scale, reshaping the national energy landscape.

Australia’s lowest-paid workers will receive an inflation-matching pay rise of 3.75% this year, down from 5.75% last year. The rise equates to $33.10 a week after the Fair Work Commission's decision was announced on Monday.

The Chinese group Yuxiao Fund, along with four associates having ties to major Chinese conglomerates, will be compelled to reduce their shareholdings in Northern Minerals, a strategic rare earths miner, as the federal government deemed the acquisition contrary to "our national interest."

Guzman y Gomez (GYG), the renowned fast-food chain, has revealed its plans to debut on the Australian Securities Exchange (ASX) in June, marking a significant milestone in the company's journey.

Investors would do well to take advantage of annual market volatility in June and buy on the dip, according to Emanuel Datt, chief investment officer of Datt Capital.

OPEC+ may have agreed on Sunday to extend a voluntary production cut of 2.2 million barrels of crude oil a day deep into next year, but that is an acknowledgment that the output restrictions have failed to support prices at a level its members want.

The headlines from American retailing for the first quarter of 2024 told a very mixed picture – lots of cold, some hot, and little in between for many chains.

So where do markets go on the first day of the new month (and for many companies, the final month of the second quarter and the 2023-24 financial year)?

Gold had a fourth straight monthly gain in May, and its supporters think it will gain again in the coming days, particularly during the first trading week of June. This is trading off the back of the final inflation report for May, which was released on Friday and left us none the wiser about the course of price pressures, Fed interest rates, and bond yields.

Big week ahead for the Australian economy and markets. The first-quarter economic growth will be out midweek, but before then, the 2024 National Wage rise will be revealed later today (Monday).

Two interest rate moves are up for decision this week: US jobs data for May, Chinese trade data (also for May), and Australian economic growth for the first quarter.